NXP Semiconductors NV (NXPI)
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 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 25,000 |
| Total stockholders’ equity | US$ in thousands | 8,644,000 | 8,488,000 | 8,172,000 | 7,949,000 | 7,449,000 | 7,106,000 | 6,962,000 | 6,509,000 | 6,528,000 | 6,738,000 | 7,442,000 | 8,303,000 | 8,944,000 | 8,876,000 | 8,862,000 | 9,036,000 | 9,441,000 | 9,390,000 | 10,505,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
The debt-to-capital ratio of NXP Semiconductors NV has shown a downward trend over the past eight quarters, decreasing from 0.62 in Q1 2022 to 0.56 in Q4 2023. This indicates that the company has been gradually reducing its reliance on debt to finance its operations relative to its total capital structure. A lower debt-to-capital ratio generally signifies lower financial risk and a stronger balance sheet, as it indicates that a smaller proportion of the company's capital is funded by debt. However, it is essential to consider the absolute levels of debt and equity in conjunction with the ratio to fully understand the company's financial health and capital structure. Overall, the declining trend in NXP Semiconductors NV's debt-to-capital ratio reflects a potentially positive development in terms of its financial leverage and sustainability.
Peer comparison
Dec 31, 2023