FormFactor Inc (FORM)

Debt-to-capital ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	13,314	13,586	13,765	14,034	14,389	14,653	14,915	15,175	15,434	17,742	20,123	22,390	24,978	26,874	28,725	13,642	15,639	0	12,500	23,740
Total stockholders’ equity	US$ in thousands	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	640,997	614,546	604,102	592,988
Debt-to-capital ratio		0.01	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.03	0.03	0.03	0.04	0.04	0.02	0.02	0.00	0.02	0.04

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $13,314K ÷ ($13,314K + $908,804K)
= 0.01

FormFactor Inc's debt-to-capital ratio has shown relatively stable and low levels over the past few quarters, ranging from 0.01 to 0.04. This indicates that the company has been able to maintain a conservative capital structure with a minimal reliance on debt financing compared to its equity. The low debt-to-capital ratio suggests that the company has a strong financial position and is able to meet its financial obligations comfortably. It also signifies that FormFactor Inc has a lower financial risk and is less susceptible to potential financial distress caused by high debt levels. Overall, the consistent low debt-to-capital ratio reflects a prudent approach to managing the company's debt and capital structure.