Vishay Intertechnology Inc (VSH)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,196,080 | 2,046,250 | 1,743,750 | 1,576,220 | 1,485,150 |
| Debt-to-capital ratio | 0.27 | 0.20 | 0.21 | 0.20 | 0.25 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $818,188K ÷ ($818,188K + $2,196,080K)
= 0.27
The debt-to-capital ratio of Vishay Intertechnology, Inc. has shown some fluctuations over the past five years. It increased from 0.20 in 2019 to 0.25 in 2020, indicating a higher proportion of debt relative to the company's total capital structure. However, from 2020 to 2022, there was a decrease in the ratio to 0.20, reflecting a decrease in the company's reliance on debt financing in relation to its total capital.
In 2023, there was a notable uptick in the debt-to-capital ratio to 0.27, which suggests that the company increased its debt level in proportion to its total capital structure compared to the previous year. This increase may be due to various factors such as financing expansion projects, acquisitions, or other strategic initiatives that required additional funding.
Overall, while the debt-to-capital ratio of Vishay Intertechnology, Inc. has shown some variability, it is important to consider the reasons behind these changes and assess the company's overall financial health, debt management policies, and capital structure strategy for a more holistic understanding.
Peer comparison
Dec 31, 2023