Ultra Clean Holdings Inc (UCTT)

Debt-to-capital 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 stockholders’ equity US$ in thousands 873,600 857,900 852,300 830,900 838,900 838,000 849,800 870,700 887,900 856,700 845,600 879,600 848,900 800,000 767,500 557,600 532,600 500,100 470,500 445,900
Debt-to-capital ratio 0.35 0.36 0.36 0.36 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

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

The debt-to-capital ratio of Ultra Clean Holdings Inc has shown a declining trend from March 2020 to March 2024, indicating a reduction in the proportion of debt in the company's capital structure. The ratio decreased from 0.42 in March 2020 to 0.35 in September 2020, further declining to 0.32 by March 2021. However, there was a slight increase to 0.43 by June 2021 before stabilizing around 0.35 to 0.38 from December 2021 to March 2024.

The sudden drop to 0.00 in March and June 2022 suggests a period when the company had no debt in its capital structure, potentially due to repayment or refinancing activities. The ratio then increased to 0.37 in September 2022, indicating a return of debt to the company's capital. Overall, the company seems to have maintained a relatively stable debt-to-capital ratio around 0.35 to 0.38 in the recent quarters, showcasing a balanced approach to managing its debt levels.