Ichor Holdings Ltd (ICHR)

Debt-to-assets 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 241,183 272,942 284,701 291,459 293,218 294,977 296,736 283,495 285,253 158,810 157,630 159,576 191,522 193,467 195,413 172,359 169,304 169,250 183,008 184,954
Total assets US$ in thousands 938,481 994,384 1,003,360 1,040,150 1,083,740 1,102,740 1,065,700 1,020,360 1,020,880 828,537 822,449 782,209 774,172 605,441 598,876 564,019 566,555 506,866 489,952 495,389
Debt-to-assets ratio 0.26 0.27 0.28 0.28 0.27 0.27 0.28 0.28 0.28 0.19 0.19 0.20 0.25 0.32 0.33 0.31 0.30 0.33 0.37 0.37

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $241,183K ÷ $938,481K
= 0.26

The debt-to-assets ratio of Ichor Holdings Ltd has shown some fluctuation over the past few quarters. Generally, the ratio has been relatively stable around the range of 0.25 to 0.30, indicating that the company has been able to maintain a moderate level of debt compared to its total assets during this period. In the most recent quarter, the ratio was 0.26, suggesting that the company had $0.26 in debt for every $1 in assets.

It is worth noting that there was a slight increase in the debt-to-assets ratio from the third quarter of 2021 to the first quarter of 2022, where it reached 0.28, but then remained within the 0.25 to 0.30 range for the rest of 2022 and into 2023. Overall, the trend in the debt-to-assets ratio indicates that Ichor Holdings Ltd has been managing its debt levels reasonably well relative to its total assets, which is a positive sign for the company's financial health.