Vishay Intertechnology Inc (VSH)
Debt-to-equity 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-equity ratio | 0.37 | 0.38 | 0.29 | 0.26 | 0.24 | 0.24 | 0.25 | 0.25 | 0.26 | 0.26 | 0.27 | 0.29 | 0.25 | 0.26 | 0.29 | 0.38 | 0.34 | 0.33 | 0.35 | 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 shown a generally stable and healthy trend over the past eight quarters. The ratio has ranged between 0.24 and 0.38 during this period, indicating that the company has maintained a moderate level of debt relative to its equity.
In Q4 2023, the debt-to-equity ratio was 0.37, slightly lower compared to the previous quarter at 0.38. This suggests that the company's level of debt in relation to its equity decreased slightly, which could be a positive sign for investors and creditors.
Looking at the longer-term trend, the ratio has been gradually increasing since Q1 2023, when it was at 0.26. Despite this increase, the ratio remains below 0.5, indicating that Vishay Intertechnology has a conservative capital structure with a higher proportion of equity financing compared to debt.
Overall, the company's debt-to-equity ratio reflects a prudent approach to managing its capital structure, balancing the use of debt and equity to support its operations and growth initiatives.
Peer comparison
Dec 31, 2023