Axcelis Technologies Inc (ACLS)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,012,790K
= 0.00
The debt-to-equity ratio for Axcelis Technologies Inc has been consistently reported as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt relative to its equity during this period. A debt-to-equity ratio of 0.00 typically signifies that the company is financing its operations primarily through equity rather than debt. This can be viewed positively by investors and creditors as it suggests lower financial risk and potentially greater financial stability for the company. It also reflects a strong financial position and ability to fund its operations without relying heavily on borrowing. However, it is essential to consider other financial metrics and factors in conjunction with the debt-to-equity ratio to have a comprehensive understanding of the company's overall financial health.
Peer comparison
Dec 31, 2024