UFP Technologies Inc (UFPT)

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	28,000	39,000	53,000	56,000	51,000	67,000	96,000	91,000	71,000	—	—	—	0	—	—	—	—	12,143	13,857	19,286
Total stockholders’ equity	US$ in thousands	286,091	272,383	260,285	246,484	237,545	226,159	207,290	199,078	194,446	190,753	186,314	180,819	176,893	172,439	169,212	166,275	161,991	155,889	149,654	144,499
Debt-to-equity ratio		0.10	0.14	0.20	0.23	0.21	0.30	0.46	0.46	0.37	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.08	0.09	0.13

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $28,000K ÷ $286,091K
= 0.10

The debt-to-equity ratio of UFP Technologies Inc has been fluctuating over the past years.

It ranged from 0.00 to 0.46, showing variability in the company's capital structure. A decreasing trend was observed from September 2021 to December 2022, where the ratio decreased from 0.37 to 0.21, signifying a reduction in the proportion of debt relative to equity.

However, a significant increase in the ratio was noted in the first half of 2023, reaching 0.46 in both March and June 2023. This indicates a higher reliance on debt to finance the company's operations during this period.

Overall, the debt-to-equity ratio of UFP Technologies Inc suggests that the company has been actively managing its debt levels, but there have been periods of increased leverage. It would be prudent for stakeholders to monitor this ratio closely to ensure a healthy balance between debt and equity in the company's capital structure.