Azenta Inc (AZTA)
Debt-to-equity ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | 49,702 | 49,677 | 49,651 | 49,653 | 49,629 | 49,588 | 49,563 | 49,951 | 49,918 |
| Total stockholders’ equity | US$ in thousands | 1,768,970 | 1,990,400 | 2,222,870 | 2,443,660 | 2,534,500 | 2,723,500 | 2,895,230 | 2,871,390 | 3,363,390 | 3,427,790 | 3,464,980 | 1,367,420 | 1,325,330 | 1,307,830 | 1,266,030 | 1,252,150 | 1,213,610 | 1,174,850 | 1,161,130 | 1,158,700 |
| 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 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,768,970K
= 0.00
The debt-to-equity ratio of Azenta Inc has remained constant at 0.00 for the past several quarters, indicating that the company has not taken on any debt relative to its equity during this period. However, there was a slight increase in the ratio to 0.04 in the most recent quarters of 2021, suggesting that the company may have started utilizing some debt to finance its operations or investments. It is essential for stakeholders to monitor this trend closely to understand the company's changing capital structure and its potential impact on financial risk and performance.
Peer comparison
Sep 30, 2024
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