Debt to Equity
since 2010
Calculation
NXP Semiconductors N.V., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 1.62 | = | 10,572) | ÷ | 6,528) |
| Dec 31, 2020 | 0.85 | = | 7,609) | ÷ | 8,944) |
| Dec 31, 2019 | 0.78 | = | 7,365) | ÷ | 9,441) |
| Dec 31, 2018 | 0.70 | = | 7,354) | ÷ | 10,505) |
| Dec 31, 2017 | 0.49 | = | 6,565) | ÷ | 13,527) |
| Dec 31, 2016 | 0.84 | = | 9,187) | ÷ | 10,935) |
| Dec 31, 2015 | 0.80 | = | 9,212) | ÷ | 11,515) |
| Dec 31, 2014 | 7.43 | = | 3,999) | ÷ | 538) |
| Dec 31, 2013 | 2.55 | = | 3,321) | ÷ | 1,301) |
| Dec 31, 2012 | 3.33 | = | 3,492) | ÷ | 1,049) |
| Dec 31, 2011 | 3.32 | = | 3,799) | ÷ | 1,145) |
| Dec 31, 2010 | 4.62 | = | 4,551) | ÷ | 986) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31), 20-F (reporting date: 2016-12-31), 20-F (reporting date: 2015-12-31), 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
1 US$ in millions
The financial data reveals a significant evolution in the capital structure of the entity between 2010 and 2021, characterized by three distinct phases of leverage: a period of high volatility and extreme leverage, a prolonged period of stability and deleveraging, and a recent return to increased debt reliance.
- High Leverage and Volatility (2010–2014)
- During this initial period, the debt to equity ratio remained elevated, beginning at 4.62 in 2010. While a downward trend was observed through 2013, reaching 2.55, a sharp spike occurred in 2014. This peak ratio of 7.43 was driven by a substantial contraction in stockholders' equity, which fell to its lowest point in the analyzed period at 538 million US dollars, while total debt simultaneously increased.
- Capital Stabilization and Deleveraging (2015–2020)
- A fundamental shift in the balance sheet occurred in 2015, marked by a massive increase in stockholders' equity to 11,515 million US dollars. This capitalization effort resulted in the debt to equity ratio dropping precipitously to 0.80. For the following six years, the ratio remained consistently below 1.0, fluctuating within a narrow range between 0.49 and 0.85. This indicates a period of conservative financial management where equity exceeded total debt.
- Recent Leverage Expansion (2021)
- The trend reversed in 2021, with the debt to equity ratio climbing to 1.62. This increase is the result of a dual pressure on the balance sheet: total debt rose to its highest recorded level of 10,572 million US dollars, while stockholders' equity continued a multi-year decline, falling to 6,528 million US dollars. This suggests a strategic shift back toward higher leverage to fund operations or investments.
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Comparison to Competitors
NXP Semiconductors N.V., debt to equity, long-term trends, comparison to competitors
| NXP Semiconductors N.V. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Marvell Technology Inc. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 1.62 | 0.04 | 0.18 | 0.45 | 1.59 | 0.40 | 1.02 | 0.83 | 0.14 | 0.15 | 0.41 | 1.58 | 0.58 |
| Dec 31, 2020 | 0.85 | 0.06 | 0.43 | 0.52 | 1.72 | 0.45 | 1.30 | 1.12 | 0.17 | 0.17 | 0.16 | 2.59 | 0.74 |
| Dec 31, 2019 | 0.78 | 0.17 | 0.47 | 0.65 | 1.32 | 0.37 | 1.29 | 0.96 | 0.24 | 0.16 | 0.21 | 3.25 | 0.65 |
| Dec 31, 2018 | 0.70 | 0.99 | 0.58 | 0.78 | 0.66 | 0.35 | 1.38 | 0.37 | 0.00 | 0.14 | 0.27 | 17.64 | 0.56 |
| Dec 31, 2017 | 0.49 | 2.28 | 0.77 | 0.57 | 0.87 | 0.39 | 2.21 | 0.40 | 0.00 | 0.60 | 0.48 | 0.71 | 0.39 |
| Dec 31, 2016 | 0.84 | 3.45 | 0.34 | 0.46 | 0.72 | 0.38 | 4.44 | 0.74 | 0.00 | 0.82 | 0.32 | 0.37 | 0.34 |
| Dec 31, 2015 | 0.80 | — | 0.17 | 0.60 | 0.84 | 0.37 | 7.57 | 0.46 | 0.00 | 0.60 | 0.32 | 0.35 | 0.41 |
| Dec 31, 2014 | 7.43 | 11.83 | 0.18 | 0.25 | 1.70 | 0.25 | 0.20 | 0.27 | 0.00 | 0.61 | 0.31 | 0.00 | 0.45 |
| Dec 31, 2013 | 2.55 | 3.78 | 0.18 | 0.27 | 0.00 | 0.23 | 0.21 | 0.29 | 0.00 | 0.66 | 0.00 | 0.00 | 0.48 |
| Dec 31, 2012 | 3.33 | 3.80 | 0.20 | 0.27 | 0.00 | 0.26 | 0.23 | 0.25 | 0.00 | 0.42 | 0.01 | 0.00 | 0.52 |
| Dec 31, 2011 | 3.32 | 1.27 | 0.23 | 0.22 | 0.00 | 0.16 | 0.26 | 0.30 | 0.00 | 0.24 | 0.01 | 0.04 | 0.51 |
| Dec 31, 2010 | 4.62 | 2.39 | 0.13 | 0.03 | 0.15 | 0.04 | 0.33 | 0.01 | 0.00 | 0.29 | 0.01 | 0.05 | 0.00 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31), 20-F (reporting date: 2016-12-31), 20-F (reporting date: 2015-12-31), 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
NXP Semiconductors N.V., debt to equity, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| NXP Semiconductors N.V. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Dec 31, 2021 | 1.62 | 0.49 |
| Dec 31, 2020 | 0.85 | 0.60 |
| Dec 31, 2019 | 0.78 | 0.56 |
| Dec 31, 2018 | 0.70 | 0.49 |
| Dec 31, 2017 | 0.49 | 0.56 |
| Dec 31, 2016 | 0.84 | 0.47 |
| Dec 31, 2015 | 0.80 | 0.43 |
| Dec 31, 2014 | 7.43 | 0.26 |
| Dec 31, 2013 | 2.55 | 0.22 |
| Dec 31, 2012 | 3.33 | 0.22 |
| Dec 31, 2011 | 3.32 | 0.18 |
| Dec 31, 2010 | 4.62 | 0.09 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31), 20-F (reporting date: 2016-12-31), 20-F (reporting date: 2015-12-31), 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
Comparison to Industry (Information Technology)
NXP Semiconductors N.V., debt to equity, long-term trends, comparison to industry (information technology)
| NXP Semiconductors N.V. | Information Technology | |
|---|---|---|
| Dec 31, 2021 | 1.62 | 0.82 |
| Dec 31, 2020 | 0.85 | 0.95 |
| Dec 31, 2019 | 0.78 | 0.97 |
| Dec 31, 2018 | 0.70 | 0.82 |
| Dec 31, 2017 | 0.49 | 0.80 |
| Dec 31, 2016 | 0.84 | 0.65 |
| Dec 31, 2015 | 0.80 | 0.56 |
| Dec 31, 2014 | 7.43 | 0.38 |
| Dec 31, 2013 | 2.55 | 0.28 |
| Dec 31, 2012 | 3.33 | 0.24 |
| Dec 31, 2011 | 3.32 | 0.27 |
| Dec 31, 2010 | 4.62 | 0.24 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31), 20-F (reporting date: 2016-12-31), 20-F (reporting date: 2015-12-31), 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).