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