Ultra Clean Holdings Inc (UCTT)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	476,500	475,800	478,300	458,200	461,200	464,100	467,100	470,000	493,000	509,200	—	—	529,900	545,100	573,100	259,800	261,600	272,600	322,100	323,900
Total assets	US$ in thousands	1,919,900	1,947,500	1,927,300	1,887,600	1,867,700	1,845,500	1,843,700	1,865,900	1,960,900	1,956,000	1,945,400	2,011,600	2,025,400	1,924,000	1,846,700	1,190,600	1,102,500	1,060,300	1,102,500	1,072,200
Debt-to-assets ratio		0.25	0.24	0.25	0.24	0.25	0.25	0.25	0.25	0.25	0.26	0.00	0.00	0.26	0.28	0.31	0.22	0.24	0.26	0.29	0.30

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $476,500K ÷ $1,919,900K
= 0.25

The debt-to-assets ratio of Ultra Clean Holdings Inc has been relatively stable over the years, indicating the company's ability to effectively manage its debt levels compared to its total assets. The ratio has decreased from 0.30 as of March 31, 2020, to 0.25 as of December 31, 2024.

This trend suggests that the company has been successful in reducing its debt relative to its assets, which could signify improved financial stability and lower risk for investors and creditors. However, the slight increase seen in the ratio from 0.22 as of March 31, 2021, to 0.31 as of June 30, 2021, may signal a temporary increase in debt compared to assets during that period.

Overall, the consistent maintenance of a relatively low debt-to-assets ratio indicates that Ultra Clean Holdings Inc has been prudent in managing its debt obligations and maintaining a healthy balance sheet structure.