Axcelis Technologies Inc (ACLS)

Financial leverage 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
Total assets	US$ in thousands	1,281,970	1,201,690	1,121,720	1,079,830	1,013,640	906,261	811,736	782,196	753,240	710,978	660,640	629,292	624,624	590,656	588,564	562,573	548,094	530,477	517,082	543,455
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
Financial leverage ratio		1.48	1.50	1.51	1.54	1.52	1.47	1.38	1.40	1.40	1.39	1.34	1.29	1.30	1.28	1.32	1.32	1.31	1.30	1.28	1.30

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,281,970K ÷ $864,882K
= 1.48

The financial leverage ratio of Axcelis Technologies Inc has been fluctuating over the past eight quarters. The ratio ranged from 1.38 to 1.54 during this period. It peaked at 1.54 in Q1 2023 and hit its lowest point at 1.38 in Q2 2022. Overall, the company's financial leverage ratio has shown some variability, indicating changes in the proportion of debt financing used in the company's capital structure. Further analysis and comparison with industry benchmarks may provide additional insights into the company's capital structure and financial risk management strategies.

Peer comparison

Dec 31, 2023

Company name

Symbol

Financial leverage ratio

Axcelis Technologies Inc

ACLS

1.48

Veeco Instruments Inc

VECO

1.83