Axcelis Technologies Inc (ACLS)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,012,790 | 864,882 | 667,256 | 538,959 | 481,602 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,012,790K)
= 0.00
The debt-to-capital ratio for Axcelis Technologies Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not relied on debt to finance its operations and growth, as its total debt makes up none of its total capital. A low or zero debt-to-capital ratio can be viewed positively by investors and creditors as it suggests a lower financial risk and potentially greater financial stability. However, it's also important to consider that a very low debt level may limit the company's ability to leverage opportunities or benefit from tax advantages associated with debt financing. Overall, a consistent 0.00 debt-to-capital ratio for a company like Axcelis Technologies Inc may reflect a conservative financial strategy and a strong balance sheet position.
Peer comparison
Dec 31, 2024