UFP Technologies Inc (UFPT)

Debt-to-assets 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	176,875	199,500	35,200	30,000	28,000	39,000	53,000	56,000	51,000	67,000	96,000	91,000	71,000	—	—	—	0	—	—	—
Total assets	US$ in thousands	628,995	638,508	422,396	407,679	404,136	399,810	397,992	390,782	378,192	388,319	395,051	363,346	334,132	220,686	217,286	209,180	203,204	200,664	197,219	194,213
Debt-to-assets ratio		0.28	0.31	0.08	0.07	0.07	0.10	0.13	0.14	0.13	0.17	0.24	0.25	0.21	0.00	0.00	0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $176,875K ÷ $628,995K
= 0.28

The debt-to-assets ratio of UFP Technologies Inc has shown a consistent trend of remaining at very low levels from March 2020 to June 2024, fluctuating between 0.00 and 0.31. This indicates that the company has been effectively managing its debt levels in relation to its total assets during this period.

The ratio started to increase moderately from December 2021 to June 2022, reaching a peak of 0.25, and then gradually declined to 0.07 by March 2024. This suggests that the company may have taken on slightly more debt in the short term but was able to reduce its debt burden as a proportion of total assets over the following periods.

Overall, the debt-to-assets ratio of UFP Technologies Inc for the period analyzed indicates a conservative approach towards leveraging debt in its capital structure, with the company maintaining a relatively strong financial position in terms of its debt obligations in relation to its assets.