Axcelis Technologies Inc (ACLS)
Debt-to-assets 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,281,970 | 1,201,690 | 1,121,720 | 1,079,830 | 1,013,640 | 906,261 | 811,736 | 782,196 | 753,240 | 710,978 | 660,640 | 629,292 | 624,624 | 590,656 | 588,564 | 562,573 | 548,094 | 530,477 | 517,082 | 543,455 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,281,970K
= 0.00
The debt-to-assets ratio of Axcelis Technologies Inc has remained relatively stable over the past eight quarters, ranging from 0.04 to 0.06. This ratio indicates that Axcelis Technologies Inc has maintained a conservative level of debt relative to its total assets during this period. A lower debt-to-assets ratio suggests a lower financial risk for the company, as it indicates that a smaller proportion of the company's assets are financed through debt. The consistent low ratio of Axcelis Technologies Inc over the past eight quarters reflects a prudent capital structure and a relatively low level of financial leverage, which may be perceived positively by investors and creditors.
Peer comparison
Dec 31, 2023