Vishay Intertechnology Inc (VSH)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 818,188 | 500,937 | 455,666 | 394,886 | 499,147 |
| Total assets | US$ in thousands | 4,239,920 | 3,865,650 | 3,543,260 | 3,154,470 | 3,120,780 |
| Debt-to-assets ratio | 0.19 | 0.13 | 0.13 | 0.13 | 0.16 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $818,188K ÷ $4,239,920K
= 0.19
The debt-to-assets ratio of Vishay Intertechnology, Inc. has shown fluctuations over the past five years. In 2023, the ratio increased to 0.19 from 0.13 in 2022, marking a notable rise. This increase indicates that the company's level of debt in relation to its total assets has grown, which suggests higher financial leverage and potential risk.
Comparing 2023 to earlier years, 2021 and 2022 both had the same debt-to-assets ratio of 0.13, implying a stable debt structure during those years. In 2020, the ratio remained consistent at 0.13 as well. However, in 2019, the ratio was slightly higher at 0.16, indicating a relatively higher proportion of debt to assets compared to the more recent years.
Overall, the varying debt-to-assets ratios suggest fluctuations in Vishay Intertechnology's financial risk profile and capital structure over the past five years. The recent increase in the ratio in 2023 may require further analysis to understand the reasons behind the rise and its potential implications for the company's financial health and stability.
Peer comparison
Dec 31, 2023