Ultra Clean Holdings Inc (UCTT)
Debt-to-assets ratio
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Long-term debt | US$ in thousands | 476,500 | 461,200 | 493,000 | 529,900 | 261,600 |
Total assets | US$ in thousands | 1,919,900 | 1,867,700 | 1,960,900 | 2,025,400 | 1,102,500 |
Debt-to-assets ratio | 0.25 | 0.25 | 0.25 | 0.26 | 0.24 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $476,500K ÷ $1,919,900K
= 0.25
Ultra Clean Holdings Inc's debt-to-assets ratio has been relatively stable over the past five years, ranging from 0.24 to 0.26. This ratio indicates that, on average, the company has used approximately 25% of its total assets to finance its debt obligations. A lower debt-to-assets ratio suggests lower financial risk and indicates that the company relies less on debt to fund its operations. In this case, the company's consistent ratio around 0.25 demonstrates a balanced approach to managing its debt levels relative to its asset base.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
Ultra Clean Holdings Inc
UCTT
0.25
ADEIA CORP
ADEA
0.41
Advanced Micro Devices Inc
AMD
0.02
Allegro Microsystems Inc
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0.16
Alpha and Omega Semiconductor Ltd
AOSL
0.02
Amkor Technology Inc
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0.16
Analog Devices Inc
ADI
0.14
Applied Materials Inc
AMAT
0.16
Broadcom Inc
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0.39
CEVA Inc
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0.00
Cirrus Logic Inc
CRUS
0.00