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.