Vishay Intertechnology Inc (VSH)
Debt-to-equity 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-equity ratio | 0.37 | 0.24 | 0.26 | 0.25 | 0.34 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $818,188K ÷ $2,196,080K
= 0.37
The debt-to-equity ratio of Vishay Intertechnology, Inc. has exhibited some fluctuations over the past five years. In 2023, the ratio increased to 0.37 from 0.24 in 2022. This indicates that the company relied more on debt to finance its operations or growth projects relative to shareholder equity in 2023 compared to 2022.
However, it's important to note that the current debt-to-equity ratio of 0.37 is still relatively moderate, suggesting that Vishay Intertechnology maintains a reasonable balance between debt and equity in its capital structure. Furthermore, compared to 2019 when the ratio was at 0.34, the company has reduced its reliance on debt in recent years which could indicate a conservative approach to financial management.
Overall, while the increase in the debt-to-equity ratio from 2022 to 2023 may raise some concern, the fact that the ratio remains at a relatively moderate level suggests that Vishay Intertechnology's financial position may still be manageable, but ongoing monitoring of this trend is advisable.
Peer comparison
Dec 31, 2023