InterDigital Inc (IDCC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 581,549 | 583,430 | 595,217 | 619,672 | 724,895 | 695,775 | 678,769 | 753,706 | 745,239 | 724,271 | 704,185 | 712,098 | 773,369 | 783,271 | 769,419 | 752,649 | 761,557 | 782,106 | 788,898 | 812,806 |
| Debt-to-capital ratio | 0.05 | 0.45 | 0.45 | 0.50 | 0.46 | 0.47 | 0.47 | 0.36 | 0.36 | 0.37 | 0.37 | 0.37 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.31 | 0.30 | 0.02 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $29,019K ÷ ($29,019K + $581,549K)
= 0.05
Interdigital Inc's debt-to-capital ratio has remained relatively stable over the past eight quarters, ranging from 0.36 to 0.51. The ratio indicates that, on average, the company's debt comprises around 46% to 51% of its total capital over the period analyzed. This suggests that Interdigital relies moderately on debt financing to fund its operations and growth initiatives. The consistency in the debt-to-capital ratio demonstrates a prudent and disciplined approach to managing the company's capital structure. It is essential for investors and creditors to monitor this ratio to assess Interdigital's financial leverage and risk levels effectively.
Peer comparison
Dec 31, 2023