Littelfuse Inc (LFUS)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 857,915 | 866,623 | 611,897 | 687,034 | 669,158 |
| Total stockholders’ equity | US$ in thousands | 2,480,170 | 2,211,190 | 1,893,390 | 1,608,640 | 1,495,880 |
| Debt-to-capital ratio | 0.26 | 0.28 | 0.24 | 0.30 | 0.31 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $857,915K ÷ ($857,915K + $2,480,170K)
= 0.26
Littelfuse Inc's debt-to-capital ratio has shown fluctuations over the past five years. The ratio decreased from 0.31 in 2019 to 0.24 in 2021, indicating a reduction in the proportion of debt relative to total capital during that period. This suggests a potentially stronger financial position in terms of debt management. However, the ratio increased in 2022 and 2023 to 0.28 and 0.26, respectively, which may indicate a slightly higher reliance on debt for financing at those points. Overall, the trend in the debt-to-capital ratio suggests that Littelfuse Inc's capital structure has varied over the years, with a mix of debt and equity used for funding its operations. Further analysis would be necessary to evaluate the implications of these changes on the company's financial health and risk profile.
Peer comparison
Dec 31, 2023