InterDigital Inc (IDCC)
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 | 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 | 350,588 | 346,397 | 342,417 | 19,061 |
| Total assets | US$ in thousands | 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 | 1,612,080 | 1,628,300 | 1,545,070 | 1,479,750 |
| Debt-to-assets ratio | 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 | 0.22 | 0.21 | 0.22 | 0.01 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $29,019K ÷ $1,770,810K
= 0.02
Interdigital Inc's debt-to-assets ratio has shown some fluctuation over the past eight quarters, with values ranging from 0.27 to 0.37. The ratio indicates the proportion of the company's assets financed by debt, with a higher ratio suggesting a greater reliance on debt financing.
The trend in Interdigital Inc's debt-to-assets ratio shows a slight increase from Q4 2022 to Q2 2023, reaching a peak of 0.37 in Q2 2022 before decreasing slightly in subsequent quarters. This increase may indicate a higher level of debt relative to the company's total assets during that period.
It is essential to monitor changes in the debt-to-assets ratio over time to evaluate the company's financial leverage and risk. A continued upward trend in the ratio could signal that Interdigital Inc is becoming more leveraged, while a decline may indicate a more conservative approach to debt management. Further analysis of the company's financial statements and market conditions may provide additional insights into the factors driving these fluctuations in the debt-to-assets ratio.
Peer comparison
Dec 31, 2023