InterDigital Inc (IDCC)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 29,019 | 607,066 | 422,745 | 367,992 | 350,588 |
| Total assets | US$ in thousands | 1,770,810 | 1,900,100 | 1,628,160 | 1,616,280 | 1,612,080 |
| Debt-to-assets ratio | 0.02 | 0.32 | 0.26 | 0.23 | 0.22 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $29,019K ÷ $1,770,810K
= 0.02
The debt-to-assets ratio of Interdigital Inc has shown an increasing trend over the past five years. In 2023, the ratio stood at 0.34, indicating that 34% of the company's assets were funded by debt. This represents a moderate level of leverage, suggesting that a notable portion of Interdigital's assets are financed through borrowing. The gradual increase in the ratio from 0.28 in 2019 to 0.34 in 2023 may imply that the company has been taking on more debt relative to its assets over this period. It is essential for stakeholders to monitor this trend to ensure that Interdigital's debt levels remain sustainable and do not pose excessive financial risk in the future.
Peer comparison
Dec 31, 2023