InterDigital Inc (IDCC)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 15,443 | 18,302 | 17,687 | 28,029 | 29,019 | 485,476 | 483,917 | 607,914 | 607,066 | 605,859 | 604,245 | 424,100 | 422,745 | 421,420 | 420,598 | 419,396 | 367,992 | 363,523 | 359,119 | 354,823 |
| Total assets | US$ in thousands | 1,835,530 | 1,725,350 | 1,636,300 | 1,807,020 | 1,770,810 | 1,826,480 | 1,760,180 | 1,748,560 | 1,900,100 | 1,928,220 | 1,617,500 | 1,596,030 | 1,628,160 | 1,700,610 | 1,497,080 | 1,561,870 | 1,616,280 | 1,640,490 | 1,538,760 | 1,464,730 |
| Debt-to-assets ratio | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.27 | 0.27 | 0.35 | 0.32 | 0.31 | 0.37 | 0.27 | 0.26 | 0.25 | 0.28 | 0.27 | 0.23 | 0.22 | 0.23 | 0.24 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $15,443K ÷ $1,835,530K
= 0.01
InterDigital Inc's debt-to-assets ratio has been relatively stable in recent years, ranging between 0.22 to 0.37. This ratio indicates the proportion of the company's assets that are financed by debt. A lower ratio suggests that a company relies less on debt to fund its operations and investments, which can be seen as a positive indicator of financial stability.
In the case of InterDigital Inc, the ratio fluctuated within a narrow range with occasional spikes, reaching its peak at 0.37 as of June 30, 2022, and its lowest points at 0.01 by the end of 2024. The substantial drop in the ratio in the last quarters of 2023 and throughout 2024 could suggest that the company significantly reduced its debt relative to its assets during this period.
Overall, InterDigital Inc's debt-to-assets ratio indicates a moderate level of debt compared to its total assets, with a recent trend toward lower debt levels relative to its asset base. This could signal a favorable financial position in terms of debt management and financial health.
Peer comparison
Dec 31, 2024