NXP Semiconductors NV (NXPI)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 0 |
| Total assets | US$ in thousands | 24,353,000 | 23,236,000 | 20,864,000 | 19,847,000 | 20,016,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $24,353,000K
= 0.00
The debt-to-assets ratio of NXP Semiconductors NV has shown a decreasing trend over the past five years. In 2023, the ratio decreased to 0.46 from 0.48 in 2022 and 0.51 in 2021. This suggests that NXP Semiconductors NV has been effectively managing its debt relative to its assets. The lower ratio indicates that the company has decreased its debt burden in proportion to its total assets, which could be a positive signal to investors and creditors. However, it is important to note that having some level of debt can also be beneficial for a company to finance its operations and growth initiatives. Overall, the decreasing trend in the debt-to-assets ratio for NXP Semiconductors NV indicates improving financial health and potentially lower financial risk.
Peer comparison
Dec 31, 2023