Ultra Clean Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Ultra Clean Holdings has a total shareholder equity of $922.4M and total debt of $492.2M, which brings its debt-to-equity ratio to 53.4%. Its total assets and total liabilities are $1.9B and $1.0B respectively. Ultra Clean Holdings's EBIT is $75.5M making its interest coverage ratio 1.7. It has cash and short-term investments of $318.2M.
Key information
53.4%
Debt to equity ratio
US$492.20m
Debt
| Interest coverage ratio | 1.7x |
| Cash | US$318.20m |
| Equity | US$922.40m |
| Total liabilities | US$1.03b |
| Total assets | US$1.95b |
Recent financial health updates
Is Ultra Clean Holdings (NASDAQ:UCTT) Using Too Much Debt?
Aug 26
Does Ultra Clean Holdings (NASDAQ:UCTT) Have A Healthy Balance Sheet?
Jan 25We Think Ultra Clean Holdings (NASDAQ:UCTT) Is Taking Some Risk With Its Debt
Jul 21Is Ultra Clean Holdings (NASDAQ:UCTT) Using Too Much Debt?
Apr 19Recent updates
Ultra Clean Holdings: Time To Buy The Cyclical Trough On AI Strength
Nov 12Ultra Clean Holdings: Margins Remains The Issue
Oct 27Is Ultra Clean Holdings (NASDAQ:UCTT) Using Too Much Debt?
Aug 26Ultra Clean Holdings: Why The Market Looked Past Strong Results
Aug 03Benign Growth For Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Underpins Stock's 30% Plummet
Aug 03Ultra Clean Holdings (NASDAQ:UCTT) May Have Issues Allocating Its Capital
Aug 01Improved Revenues Required Before Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Find Their Feet
May 27Ultra Clean Holdings: Recovery For Real, Margins Look Sluggish
May 20Ultra Clean Holdings: The Rally May Be Getting Long In The Tooth
Mar 02Ultra Clean Holdings (NASDAQ:UCTT) Will Want To Turn Around Its Return Trends
Feb 27Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Held Back By Insufficient Growth Even After Shares Climb 29%
Feb 03Does Ultra Clean Holdings (NASDAQ:UCTT) Have A Healthy Balance Sheet?
Jan 25We Think Ultra Clean Holdings (NASDAQ:UCTT) Is Taking Some Risk With Its Debt
Jul 21Is Ultra Clean Holdings (NASDAQ:UCTT) Using Too Much Debt?
Apr 19Is Now An Opportune Moment To Examine Ultra Clean Holdings, Inc. (NASDAQ:UCTT)?
Mar 11Here's Why Ultra Clean Holdings (NASDAQ:UCTT) Can Manage Its Debt Responsibly
Jan 11When Should You Buy Ultra Clean Holdings, Inc. (NASDAQ:UCTT)?
Nov 22Here's Why Ultra Clean Holdings (NASDAQ:UCTT) Can Manage Its Debt Responsibly
Oct 08Is Now The Time To Look At Buying Ultra Clean Holdings, Inc. (NASDAQ:UCTT)?
Aug 06Ultra Clean Holdings Is Sitting On The Fence
Aug 03Ultra Clean Holdings beats top and bottom line; guides Q3 earnings below consensus
Jul 28Is Ultra Clean Holdings (NASDAQ:UCTT) A Risky Investment?
Jul 02Financial Position Analysis
Short Term Liabilities: UCTT's short term assets ($985.8M) exceed its short term liabilities ($358.8M).
Long Term Liabilities: UCTT's short term assets ($985.8M) exceed its long term liabilities ($666.3M).
Debt to Equity History and Analysis
Debt Level: UCTT's net debt to equity ratio (18.9%) is considered satisfactory.
Reducing Debt: UCTT's debt to equity ratio has reduced from 68.6% to 53.4% over the past 5 years.
Debt Coverage: UCTT's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: UCTT's interest payments on its debt are not well covered by EBIT (1.7x coverage).