FormFactor Inc (FORM)

Debt-to-capital ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	947,768	955,010	947,916	923,750	908,804	840,688	834,263	824,372	808,285	808,302	829,985	846,673	815,780	786,390	769,547	766,533	744,084	714,142	690,722	666,417
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $947,768K)
= 0.00

The debt-to-capital ratio for FormFactor Inc over the period from March 31, 2020, to December 31, 2024, has consistently remained at 0.00. This suggests that the company has not utilized debt in its capital structure during this time frame. A debt-to-capital ratio of 0.00 signifies that the company's capital is primarily funded by equity rather than debt.

While utilizing debt can provide tax benefits and leverage opportunities, a zero debt-to-capital ratio indicates that FormFactor Inc has not taken on any financial leverage risks associated with debt financing. The company's consistent zero debt-to-capital ratio may indicate a conservative financial stance, a strong cash position, reliable cash flow generation, or a deliberate strategic decision to avoid debt in its capital structure.

Overall, the stable and low debt-to-capital ratio of 0.00 for FormFactor Inc suggests a financially sound and possibly conservative approach to capital structure management.