Axcelis Technologies Inc (ACLS)
Debt-to-capital ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,012,790 | 975,594 | 934,948 | 901,743 | 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 |
| 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, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,012,790K)
= 0.00
Axcelis Technologies Inc has consistently maintained a debt-to-capital ratio of 0.00 over the past several years, based on the provided data spanning from March 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has no debt in its capital structure during the periods examined. This suggests that the company finances its operations and investments primarily through equity rather than debt financing. A low or zero debt-to-capital ratio can be seen as a positive sign as it signifies lower financial risk and greater financial stability, as the company is not reliant on external debt for its operations. However, it's important to note that a zero debt-to-capital ratio may also indicate missed opportunities for leveraging financial leverage to potentially enhance returns. Overall, Axcelis Technologies Inc's consistent 0.00 debt-to-capital ratio reflects a conservative approach to financial management and a strong position in terms of solvency and financial health.
Peer comparison
Dec 31, 2024