NXP Semiconductors NV (NXPI)
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 | — | — | — | — | 0 |
| Total stockholders’ equity | US$ in thousands | 8,644,000 | 7,449,000 | 6,528,000 | 8,944,000 | 9,441,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $8,644,000K)
= 0.00
NXP Semiconductors NV has shown fluctuations in its debt-to-capital ratio over the past five years. The ratio has ranged from 0.44 in 2019 to 0.62 in 2021.
In 2023, the debt-to-capital ratio stood at 0.56, slightly lower than the previous year, indicating a moderate level of debt relative to the company's capital structure. This suggests that NXP Semiconductors NV relies more on debt financing compared to equity financing.
The decreasing trend from 2021 to 2023 could signify that the company is managing its debt levels more efficiently. However, it is important to monitor this ratio closely, as a significant increase in debt relative to capital could indicate higher financial risk and potential challenges in meeting debt obligations.
Overall, while the current debt-to-capital ratio of 0.56 indicates a reasonable debt level, further analysis of the company's debt management practices and overall financial health would provide a more comprehensive understanding of its financial position.
Peer comparison
Dec 31, 2023