Axcelis Technologies Inc (ACLS)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,348,780 | 1,338,120 | 1,288,400 | 1,306,620 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,012,790 | 975,594 | 934,948 | 901,743 | 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 |
| Financial leverage ratio | 1.33 | 1.37 | 1.38 | 1.45 | 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 |
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 demonstrated fluctuations over the past years. The ratio stood at 1.32 as of March 31, 2020, and remained relatively stable at around the same level for the next few quarters. However, there was a slight decrease to 1.28 as of September 30, 2020, indicating a potential decrease in leverage. The ratio then gradually increased to 1.40 by December 31, 2021, suggesting an increase in financial leverage.
From March 31, 2022, to June 30, 2023, the financial leverage ratio continued to rise, reaching a peak of 1.54. This significant increase could imply higher reliance on debt financing during this period. Subsequently, the ratio declined to 1.33 as of December 31, 2024, reflecting a potential reduction in financial leverage.
Overall, the trend in Axcelis Technologies Inc's financial leverage ratio shows fluctuations with periods of both increase and decrease. This variability indicates shifts in the company's capital structure and its use of debt to finance operations, investments, or growth initiatives.
Peer comparison
Dec 31, 2024