Axcelis Technologies Inc (ACLS)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 864,882 | 667,256 | 538,959 | 481,602 | 419,427 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $864,882K
= 0.00
The debt-to-equity ratio of Axcelis Technologies Inc has shown a decreasing trend over the past five years, indicating a favorable financial position in terms of leverage. The ratio has decreased from 0.12 in 2019 to 0.05 in 2023, demonstrating a significant reduction in the company's reliance on debt to finance its operations compared to its equity. This downward trend suggests that the company has been gradually reducing its debt levels relative to its equity, which can be viewed positively by investors and creditors. A lower debt-to-equity ratio signifies less financial risk and potential stability in the company's capital structure. Overall, the declining trend in the debt-to-equity ratio reflects a prudent financial strategy by Axcelis Technologies Inc to manage its debt levels effectively.
Peer comparison
Dec 31, 2023