InterDigital Inc (IDCC)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 15,443 | 29,019 | 607,066 | 422,745 | 367,992 |
| Total assets | US$ in thousands | 1,835,530 | 1,770,810 | 1,900,100 | 1,628,160 | 1,616,280 |
| Debt-to-assets ratio | 0.01 | 0.02 | 0.32 | 0.26 | 0.23 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $15,443K ÷ $1,835,530K
= 0.01
The debt-to-assets ratio of InterDigital Inc has shown a fluctuating trend over the years. As of December 31, 2020, the ratio was 0.23, indicating that 23% of the company's assets were funded by debt. By the end of 2021, the ratio increased to 0.26, suggesting a slight increase in reliance on debt for asset financing.
In the subsequent years, the ratio experienced a notable increase, reaching 0.32 by December 31, 2022, signaling a higher proportion of assets being financed by debt. However, there was a significant decrease in the ratio by the end of 2023, dropping to 0.02, which could imply a reduction in debt levels or an increase in asset base.
The most recent data point, as of December 31, 2024, shows a minimal debt-to-assets ratio of 0.01, indicating that the company has a very low reliance on debt to finance its assets. Overall, the fluctuation in the debt-to-assets ratio of InterDigital Inc reflects varying levels of debt utilization and asset management strategies over the years.
Peer comparison
Dec 31, 2024