Axcelis Technologies Inc (ACLS)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| Debt-to-capital 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 |
| 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 |
| 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 |
The solvency ratios of Axcelis Technologies Inc reflect a stable and relatively healthy financial position over the past few quarters.
The debt-to-assets ratio has remained consistently low at around 0.04, indicating that only a small portion of the company's assets are financed by debt. This suggests a low level of financial risk and good asset coverage.
Similarly, the debt-to-capital ratio has also been relatively stable, hovering around 0.05 to 0.06. This ratio indicates the proportion of the company's capital that is financed by debt, with lower values generally perceived as favorable for solvency.
The debt-to-equity ratio has shown a slight increase from 0.05 to 0.07 over the quarters, but it has remained relatively low overall. This ratio signifies the extent to which the company relies on debt versus equity financing, and the current levels indicate a conservative use of debt to fund operations and investments.
The financial leverage ratio has fluctuated slightly but has generally stayed within a narrow range of 1.38 to 1.54. This ratio measures the extent to which the company is using debt to support its operations and growth, with higher values potentially indicating higher financial risk. Axcelis Technologies Inc's ratios suggest a moderate degree of leverage, reflecting a balanced approach to capital structure.
Overall, the solvency ratios of Axcelis Technologies Inc demonstrate a prudent and sustainable financial strategy, with low debt levels and a conservative approach to financing, contributing to the company's financial stability and resilience.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 49.71 | 44.14 | 40.72 | 39.70 | 38.08 | 37.82 | 35.10 | 29.28 | 26.33 | 19.41 | 14.72 | 13.10 | 11.14 | 10.99 | 8.66 | 5.89 | 4.70 | 4.35 | 6.03 | 9.70 |
The interest coverage ratio for Axcelis Technologies Inc for the most recent quarters of 2023 (Q1, Q2, Q3, Q4) is not available in the provided data. However, in the previous quarters of 2022, the interest coverage ratio showed a significant improvement. In Q4 2022, the interest coverage ratio was 207.18, indicating a substantial increase from the ratios in earlier quarters of 2022 (Q3: 54.52, Q2: 39.44, Q1: 30.85).
This improvement in the interest coverage ratio suggests that Axcelis Technologies Inc has been more than capable of meeting its interest expenses from its operating profits. A higher interest coverage ratio is generally viewed positively by investors and creditors as it indicates the company's ability to service its debt obligations comfortably. It is important to note that the absence of data for the current quarters of 2023 makes it challenging to assess the company's recent performance in meeting its interest payments.