Vishay Intertechnology Inc (VSH)
Debt-to-assets 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 | 818,188 | 817,257 | 639,668 | 566,755 | 500,937 | 458,120 | 463,302 | 456,484 | 455,666 | 454,848 | 454,031 | 453,213 | 394,886 | 392,290 | 438,494 | 552,096 | 499,147 | 496,262 | 519,863 | 492,830 |
| Total assets | US$ in thousands | 4,239,920 | 4,241,210 | 4,187,460 | 4,062,670 | 3,865,650 | 3,620,550 | 3,563,590 | 3,580,170 | 3,543,260 | 3,424,280 | 3,350,780 | 3,210,560 | 3,154,470 | 3,033,830 | 3,024,850 | 3,116,500 | 3,120,780 | 3,072,190 | 3,156,130 | 3,181,050 |
| Debt-to-assets ratio | 0.19 | 0.19 | 0.15 | 0.14 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.14 | 0.14 | 0.13 | 0.13 | 0.14 | 0.18 | 0.16 | 0.16 | 0.16 | 0.15 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $818,188K ÷ $4,239,920K
= 0.19
Vishay Intertechnology, Inc.'s debt-to-assets ratio has exhibited a relatively stable trend over the past eight quarters, ranging from 0.13 to 0.19. The ratio indicates the proportion of the company's total debt relative to its total assets. A lower debt-to-assets ratio generally signifies a lower level of financial risk and implies that a greater portion of the company's assets is financed through equity rather than debt.
The debt-to-assets ratio for Vishay Intertechnology, Inc. has seen a slight increase in the most recent quarter compared to the previous quarter, standing at 0.19 in Q4 2023 as opposed to 0.15 in Q2 2023. This uptick could signal a potential increase in the company's reliance on debt financing or a decrease in asset values. It is essential to monitor this trend to ensure that the company's debt levels remain at a manageable and sustainable level.
Overall, Vishay Intertechnology, Inc.'s debt-to-assets ratio indicates that the company has maintained a conservative approach to debt financing, with the majority of its assets being financed through equity. However, the recent increase in the ratio warrants further scrutiny to assess the company's overall financial health and leverage position.
Peer comparison
Dec 31, 2023