Axcelis Technologies Inc (ACLS)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,348,780 | 1,281,970 | 1,013,640 | 753,240 | 624,624 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,348,780K
= 0.00
The debt-to-assets ratio for Axcelis Technologies Inc has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity, which may be viewed positively by investors and creditors as it suggests a lower financial risk and potential financial stability. However, it is essential to note that a low debt-to-assets ratio may also indicate that the company is not leveraging debt to potentially optimize its capital structure or take advantage of tax benefits associated with debt financing. Overall, Axcelis Technologies Inc's consistent 0.00 debt-to-assets ratio reflects its conservative approach to capital structure and financial management.
Peer comparison
Dec 31, 2024