Vishay Intertechnology Inc (VSH)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,196,080 | 2,138,280 | 2,210,620 | 2,143,010 | 2,046,250 | 1,896,800 | 1,837,420 | 1,812,780 | 1,743,750 | 1,725,520 | 1,657,020 | 1,565,450 | 1,576,220 | 1,536,640 | 1,496,380 | 1,467,120 | 1,485,150 | 1,485,500 | 1,489,950 | 1,449,140 |
| Debt-to-capital ratio | 0.27 | 0.28 | 0.22 | 0.21 | 0.20 | 0.19 | 0.20 | 0.20 | 0.21 | 0.21 | 0.22 | 0.22 | 0.20 | 0.20 | 0.23 | 0.27 | 0.25 | 0.25 | 0.26 | 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 a fluctuating trend over the past eight quarters. The ratio has ranged from 0.19 to 0.28 during this period.
In Q4 2023, the debt-to-capital ratio decreased to 0.27 from 0.28 in Q3 2023. This indicates that the company's proportion of debt relative to its total capital decreased slightly in the most recent quarter.
Comparing the latest figure to the ratios in the same quarter of the previous years, it is higher than Q4 2022 when it was 0.20. This suggests that the company has taken on more debt relative to its total capital compared to the same period a year ago.
Overall, while the recent decrease may indicate a slight improvement in the company's leverage position, it is important to continue monitoring this ratio to assess Vishay Intertechnology's ability to manage its debt levels effectively.
Peer comparison
Dec 31, 2023