UFP Technologies Inc (UFPT)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 176,875 | 28,000 | 51,000 | 71,000 | 0 |
| Total stockholders’ equity | US$ in thousands | 342,760 | 286,091 | 237,545 | 194,446 | 176,893 |
| Debt-to-capital ratio | 0.34 | 0.09 | 0.18 | 0.27 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $176,875K ÷ ($176,875K + $342,760K)
= 0.34
The debt-to-capital ratio of UFP Technologies Inc has shown fluctuations over the past five years. As of December 31, 2020, the ratio was at 0.00, indicating no debt in the capital structure. However, this changed significantly by December 31, 2021, when the ratio rose to 0.27, suggesting an increase in debt relative to the company's capital.
By December 31, 2022, the ratio decreased to 0.18, indicating a slight reduction in debt compared to the prior year. The trend continued in the following year, with the ratio dropping to 0.09 as of December 31, 2023, reflecting a lower level of debt relative to capital.
However, there was a notable increase in the debt-to-capital ratio by December 31, 2024, reaching 0.34. This uptick suggests a higher proportion of debt in UFP Technologies Inc's capital structure compared to the previous year. Overall, the trend in the debt-to-capital ratio indicates some fluctuations in the company's leverage over the period under review.
Peer comparison
Dec 31, 2024