UFP Technologies Inc (UFPT)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 342,760 | 329,146 | 310,176 | 295,016 | 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 |
| Debt-to-equity ratio | 0.52 | 0.61 | 0.11 | 0.10 | 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 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $176,875K ÷ $342,760K
= 0.52
UFP Technologies Inc's debt-to-equity ratio has shown a relatively stable trend at low levels from March 2020 to June 2022, standing consistently at 0.00. However, starting from December 2022, the ratio began to increase gradually, reaching 0.61 by September 30, 2024. This indicates a shift in the company's capital structure towards more reliance on debt financing compared to equity. The significant increase in the debt-to-equity ratio from December 2022 onwards may suggest increased borrowing or financial leverage undertaken by the company. It would be crucial for stakeholders to monitor this trend closely to assess the implications of higher debt levels on the company's financial health and risk profile.
Peer comparison
Dec 31, 2024