KLA-Tencor Corporation (KLAC)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 3,469,670 |
| Total assets | US$ in thousands | 15,433,600 | 14,072,400 | 12,597,100 | 10,271,100 | 9,279,960 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.37 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $15,433,600K
= 0.00
The debt-to-assets ratio of KLA-Tencor Corporation has consistently been at 0.00 for the past four years, indicating that the company has not had any debt in relation to its assets during this period. However, it is worth noting that in the fiscal year ending June 30, 2020, the company's debt-to-assets ratio was notably higher at 0.37, suggesting that the company had a higher proportion of debt relative to its assets at that time. The significant decrease in the debt-to-assets ratio over the subsequent years indicates a significant reduction in the company's reliance on debt financing, potentially improving its financial stability and reducing financial risk.
Peer comparison
Jun 30, 2024