Ultra Clean Holdings (LTS:0LID) Debt-to-Equity

: 0.76 (As of Dec. 2023)

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Ultra Clean Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $36 Mil. Ultra Clean Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $604 Mil. Ultra Clean Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $839 Mil. Ultra Clean Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.76.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Ultra Clean Holdings's Debt-to-Equity or its related term are showing as below:

LTS:0LID' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.64 Max: 0.78
Current: 0.76

During the past 13 years, the highest Debt-to-Equity Ratio of Ultra Clean Holdings was 0.78. The lowest was 0.17. And the median was 0.64.

LTS:0LID's Debt-to-Equity is ranked worse than
80.77% of 879 companies
in the Semiconductors industry
Industry Median: 0.26 vs LTS:0LID: 0.76

Ultra Clean Holdings Debt-to-Equity Historical Data

The historical data trend for Ultra Clean Holdings's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ultra Clean Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.77

0.59

0.75

0.69

0.76

Ultra Clean Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.69	0.70	0.73	0.75	0.76

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, Ultra Clean Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ultra Clean Holdings Debt-to-Equity Distribution

For the Semiconductors industry and Technology sector, Ultra Clean Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ultra Clean Holdings's Debt-to-Equity falls into.

Ultra Clean Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ultra Clean Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(35.7	+	604.2)	/	838.9
	=	0.76

Ultra Clean Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(35.7	+	604.2)	/	838.9
	=	0.76

Ultra Clean Holdings (LTS:0LID) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Ultra Clean Holdings Debt-to-Equity Related Terms

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Ultra Clean Holdings (LTS:0LID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ultra Clean Holdings Inc (LTS:0LID) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

UCTT:USA UCE:Germany

Address

26462 Corporate Avenue, Hayward, CA, USA, 94545

Website

https://www.uct.com

Ultra Clean Holdings Inc, through its subsidiaries, manufactures and supplies production tools, modules, and subsystems for the semiconductor capital equipment industry. The product includes precision robotic solutions, gas delivery systems, and a variety of industrial and automation production equipment products; subsystems include wafer cleaning subsystems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules. Its customer base includes firms in the semiconductor capital equipment industry, medical, energy, industrial, flat panel, and research equipment industries. It has two segments Products and Services. Its principal markets are North America, Asia, and Europe. Its largest end markets by revenue are the United States and the International market.

Ultra Clean Holdings (LTS:0LID) Headlines

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