Axcelis Technologies Inc (ACLS)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,348,780 | 1,281,970 | 1,013,640 | 753,240 | 624,624 |
| Total stockholders’ equity | US$ in thousands | 1,012,790 | 864,882 | 667,256 | 538,959 | 481,602 |
| Financial leverage ratio | 1.33 | 1.48 | 1.52 | 1.40 | 1.30 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,348,780K ÷ $1,012,790K
= 1.33
The financial leverage ratio of Axcelis Technologies Inc has shown some fluctuations over the years. As of December 31, 2020, the ratio was 1.30, indicating that the company had a relatively conservative level of financial leverage.
However, by December 31, 2022, the ratio had increased to 1.52, suggesting a higher degree of financial leverage compared to the previous year. This could imply that the company took on more debt to finance its operations or expansion activities.
Subsequently, by December 31, 2024, the financial leverage ratio decreased to 1.33, indicating a reduction in the company's financial leverage compared to the peak in 2022. Overall, despite some fluctuations, Axcelis Technologies Inc has maintained a moderate level of financial leverage over the years, with the ratio hovering around 1.40 on average.
Peer comparison
Dec 31, 2024