Ultra Clean Holdings Inc (UCTT)

Debt-to-equity 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-equity ratio 0.55 0.55 0.56 0.62 0.49

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $476,500K ÷ $873,600K
= 0.55

Ultra Clean Holdings Inc's debt-to-equity ratio has exhibited some fluctuation over the past five years. Starting at 0.49 in December 2020, the ratio increased to 0.62 by the end of December 2021, suggesting a higher level of debt relative to equity during that period. Subsequently, the ratio decreased to 0.56 by December 2022, and maintained a similar level at 0.55 for both December 2023 and December 2024. This indicates a relatively stable debt-to-equity structure in the later years, showing a moderate amount of financial leverage. Overall, the trend suggests that the company has been managing its debt and equity levels reasonably well, with a balanced approach to capital structure over the five-year period.