InterDigital Inc (IDCC)
Debt-to-equity 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-equity ratio | 0.05 | 0.83 | 0.81 | 0.98 | 0.84 | 0.87 | 0.89 | 0.56 | 0.57 | 0.58 | 0.60 | 0.59 | 0.48 | 0.46 | 0.47 | 0.47 | 0.46 | 0.44 | 0.43 | 0.02 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $29,019K ÷ $581,549K
= 0.05
Interdigital Inc's debt-to-equity ratio has shown some variability over the past eight quarters, ranging from 0.56 to 1.05. In the most recent quarter, Q4 2023, the ratio was 1.05, indicating that the company had slightly more debt than equity. This ratio remained consistent with the preceding quarter, Q3 2023.
Looking back further, in Q2 and Q1 2023, the debt-to-equity ratio was 1.02 and 0.98 respectively, showing a slight increase in leverage compared to the earlier quarters of the same year. However, there was a noticeable rise in leverage from 0.84 in Q4 2022 to 0.87 in Q3 2022, and 0.89 in Q2 2022.
Furthermore, the lowest debt-to-equity ratio was observed in Q1 2022 at 0.56, indicating a stronger equity position relative to debt. Overall, the trend in the debt-to-equity ratio for Interdigital Inc suggests a historical fluctuation in the company's capital structure, possibly due to varying levels of debt and equity financing employed in different periods.
Peer comparison
Dec 31, 2023