Ultra Clean Holdings Inc (UCTT)

Debt-to-capital 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 stockholders’ equity US$ in thousands 873,600 838,900 887,900 848,900 532,600
Debt-to-capital ratio 0.35 0.35 0.36 0.38 0.33

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $476,500K ÷ ($476,500K + $873,600K)
= 0.35

Ultra Clean Holdings Inc's debt-to-capital ratio has shown a relatively stable trend over the years, gradually increasing from 0.33 as of December 31, 2020, to 0.35 as of both December 31, 2023 and December 31, 2024, with a peak of 0.38 as of December 31, 2021. This ratio indicates the proportion of the company's capital structure that is funded by debt. The consistency in the range of 0.35-0.38 suggests that the company has been maintaining a balance between debt and equity financing. However, it would be essential for stakeholders to monitor any deviations from this trend to assess the company's leverage and risk levels.