Sensata Technologies Holding NV (ST)

Debt-to-assets 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	3,373,990	3,771,810	3,770,510	3,768,630	3,958,930	4,208,670	4,213,510	4,215,500	4,214,950	4,214,390	4,213,830	3,961,400	3,213,750	3,963,080	3,220,830	3,220,360	3,219,880	3,219,410	3,216,140	3,216,730
Total assets	US$ in thousands	7,680,990	8,388,340	8,392,600	8,584,850	8,756,220	8,712,620	8,606,680	8,611,390	8,613,770	8,504,760	8,418,360	7,945,190	7,844,200	7,559,490	7,084,880	6,812,820	6,834,520	6,843,570	6,852,120	6,793,510
Debt-to-assets ratio		0.44	0.45	0.45	0.44	0.45	0.48	0.49	0.49	0.49	0.50	0.50	0.50	0.41	0.52	0.45	0.47	0.47	0.47	0.47	0.47

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,373,990K ÷ $7,680,990K
= 0.44

The debt-to-assets ratio of Sensata Technologies Holding Plc has shown a gradual decrease from 0.48 in Q4 2022 to 0.44 in Q4 2023. This indicates that the company has been able to reduce its reliance on debt to finance its assets over the past year. The downward trend suggests that Sensata has been effectively managing its debt levels relative to its total assets. However, it is worth noting that the ratio has been relatively stable around the 0.44 to 0.49 range throughout the past few quarters, indicating that the company's capital structure has remained relatively consistent. Overall, the decreasing trend in the debt-to-assets ratio is a positive indicator of Sensata's financial health and prudent debt management practices.