Sensata Technologies Holding NV (ST)

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	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 stockholders’ equity	US$ in thousands	2,996,280	3,225,180	3,209,770	3,193,490	3,110,810	3,069,320	3,023,580	3,072,320	3,094,730	3,009,620	2,913,450	2,790,640	2,705,490	2,574,640	2,493,400	2,537,800	2,573,760	2,602,890	2,617,060	2,564,370
Debt-to-capital ratio		0.53	0.54	0.54	0.54	0.56	0.58	0.58	0.58	0.58	0.58	0.59	0.59	0.54	0.61	0.56	0.56	0.56	0.55	0.55	0.56

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,373,990K ÷ ($3,373,990K + $2,996,280K)
= 0.53

The debt-to-capital ratio of Sensata Technologies Holding Plc has been relatively stable over the past eight quarters, ranging from 0.53 to 0.58. This ratio indicates the proportion of the company's capital that is financed by debt rather than equity.

Sensata's debt-to-capital ratio averaged around 0.56 during this period, suggesting that approximately 56% of the company's capital structure is attributed to debt on average.

While the company's debt-to-capital ratio remained fairly consistent, it is important to consider the trend in relation to the industry benchmarks and the company's overall financial health. A lower debt-to-capital ratio may indicate a lower financial risk and higher solvency, whereas a higher ratio could suggest a greater reliance on debt financing.

Further analysis, including comparison with industry peers and trend analysis over multiple periods, could provide more insight into Sensata's leverage position and its implications for investors and stakeholders.