Axcelis Technologies Inc (ACLS)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.33 | 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 |
Axcelis Technologies Inc shows consistently strong solvency ratios based on the provided data. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been reported as 0.00 across various quarters, indicating the company has no significant debt relative to its assets, capital, or equity during the period under review.
The Financial leverage ratio has been relatively stable over the years, with a slight increase from 1.32 in March 2020 to 1.33 in December 2024. This ratio measures the level of debt a company uses in its capital structure, and a lower ratio is generally considered favorable as it indicates lower financial risk.
Overall, based on the solvency ratios analyzed, Axcelis Technologies Inc appears to maintain a strong financial position with very low levels of debt in their capital structure throughout the analyzed period.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 38.89 | 45.16 | 50.61 | 52.56 | 51.52 | 46.17 | 42.75 | 41.76 | 40.09 | 37.81 | 35.09 | 29.27 | 26.32 | 19.76 | 15.07 | 13.45 | 11.44 | 11.11 | 8.78 | 6.14 |
The interest coverage ratio is a measure of a company's ability to meet its interest obligations with its operating income. Looking at the data provided for Axcelis Technologies Inc, we observe a consistent improvement in the interest coverage ratio over the past few years.
As of December 31, 2024, the interest coverage ratio stands at 38.89, indicating that the company's operating income is 38.89 times higher than its interest expenses. This reflects a strong ability to meet its interest payments from its earnings.
Furthermore, the trend of the interest coverage ratio has been increasing steadily from 6.14 on March 31, 2020, to 38.89 on December 31, 2024. This steady improvement over the years showcases the company's strengthening financial position and ability to cover its interest expenses comfortably.
Overall, the upward trend in Axcelis Technologies Inc's interest coverage ratio indicates a positive sign of financial health and suggests that the company has a good ability to service its debt obligations with its operating income.