Ultra Clean Holdings Inc (UCTT)

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	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	283,400	304,172	330,895	329,810
Total stockholders’ equity	US$ in thousands	838,900	838,000	849,800	870,700	887,900	856,700	845,600	879,600	848,900	800,000	767,500	557,600	532,600	500,100	470,500	445,900	436,700	440,964	439,101	438,090
Debt-to-capital ratio		0.35	0.36	0.35	0.35	0.36	0.37	0.00	0.00	0.38	0.41	0.43	0.32	0.33	0.35	0.41	0.42	0.39	0.41	0.43	0.43

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $461,200K ÷ ($461,200K + $838,900K)
= 0.35

The debt-to-capital ratio of Ultra Clean Holdings Inc fluctuated over the past five years. It shows a consistent pattern of hovering around 0.35 to 0.43, indicating that the company has maintained a moderate level of debt in relation to its capital structure during this period.

Notably, there were two quarters in 2022 where the ratio showed sudden decreases to 0.00, which may have been influenced by specific events or accounting adjustments. However, these anomalies were followed by an upward trend in the ratio, reaching peak levels of 0.43 in some quarters.

Overall, the data suggests that Ultra Clean Holdings Inc has managed its debt obligations in a relatively stable manner, albeit with some fluctuation. The company's debt-to-capital ratio remained within a reasonable range, suggesting a prudent approach to managing its financial leverage.