Axcelis Technologies Inc (ACLS)

Debt-to-capital 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 stockholders’ equity US$ in thousands 864,882 800,971 744,037 701,821 667,256 614,890 586,927 559,273 538,959 511,679 494,102 487,660 481,602 460,663 445,024 427,172 419,427 407,847 405,466 417,153
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $864,882K)
= 0.00

Axcelis Technologies Inc's debt-to-capital ratio has been relatively stable over the past eight quarters, hovering around the range of 0.05 to 0.08. A lower debt-to-capital ratio indicates that the company relies less on debt financing and has a lower financial risk. The gradual increase in the ratio from 0.05 in Q4 2022 to 0.08 in Q1 2022 may suggest a slight increase in debt relative to the total capital employed in the business. However, the overall consistency and relatively low levels of the debt-to-capital ratio indicate that Axcelis Technologies Inc has a conservative debt structure, which could be viewed positively by investors and creditors in terms of the company's financial health and stability.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-capital ratio
Axcelis Technologies Inc
ACLS
0.00
Azenta Inc
AZTA
0.00
Lam Research Corp
LRCX
0.34
Veeco Instruments Inc
VECO
0.29