Axcelis Technologies Inc (ACLS)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $864,882K
= 0.00
The debt-to-equity ratio for Axcelis Technologies Inc has been relatively stable over the past eight quarters, ranging from 0.05 to 0.08. A lower debt-to-equity ratio indicates that the company is relying less on debt financing compared to equity, which can be viewed positively as it signifies a lower financial risk.
The slight fluctuations observed in the ratio suggest that the company has been managing its debt levels effectively. A ratio below 1 generally indicates that the company has more equity than debt, which can be advantageous in terms of financial stability and solvency.
Overall, based on the trend shown in the data, Axcelis Technologies Inc appears to have a conservative approach to debt financing, which may be viewed favorably by investors and creditors due to the lower risk associated with the company's capital structure.
Peer comparison
Dec 31, 2023