Azenta Inc (AZTA)
Debt-to-equity ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 49,677 | 49,588 | 50,315 |
| Total stockholders’ equity | US$ in thousands | 2,534,500 | 3,363,390 | 1,325,330 | 1,213,610 | 1,138,950 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.04 | 0.04 | 0.04 |
September 30, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,534,500K
= 0.00
The debt-to-equity ratio of Azenta Inc has remained at 0.00 for the years 2022 and 2023, indicating that the company has not utilized any debt to finance its operations during this period. However, in 2021, 2020, and 2019, the ratio was consistent at 0.04, suggesting that the company maintained a relatively low level of debt in relation to its equity. This stability in the debt-to-equity ratio implies that Azenta Inc has been conservative in its use of debt to fund its operations and has maintained a healthy balance between debt and equity financing over the years.
Peer comparison
Sep 30, 2023
Company name
Symbol
Debt-to-equity ratio
Azenta Inc
AZTA
0.00
Axcelis Technologies Inc
ACLS
0.00
Lam Research Corp
LRCX
0.52
Veeco Instruments Inc
VECO
0.41