Ultra Clean Holdings Inc (UCTT)

Debt-to-equity 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-equity ratio		0.55	0.55	0.55	0.54	0.56	0.59	0.00	0.00	0.62	0.68	0.75	0.47	0.49	0.55	0.68	0.73	0.65	0.69	0.75	0.75

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $461,200K ÷ $838,900K
= 0.55

Ultra Clean Holdings Inc's debt-to-equity ratio has shown some fluctuation over the past few quarters. The ratio has generally ranged between 0.47 to 0.75, indicating a moderate level of leverage. In the latest reported quarter, the debt-to-equity ratio stood at 0.55, suggesting that the company's financial structure consists of a higher proportion of equity compared to debt. However, it is important to note that the ratio has been gradually increasing since the previous year. Overall, the trend in the debt-to-equity ratio suggests that Ultra Clean Holdings Inc has been moderately utilizing debt as part of its capital structure strategy.