KLA-Tencor Corporation (KLAC)
Debt-to-assets ratio
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 3,422,100 | 3,441,460 | 3,420,400 | 3,469,670 | 3,443,940 | 3,399,880 | 3,174,130 |
| Total assets | US$ in thousands | 15,433,600 | 14,957,300 | 14,280,500 | 14,136,800 | 14,072,400 | 13,683,500 | 13,729,100 | 13,123,700 | 12,597,100 | 12,017,800 | 11,680,200 | 11,146,500 | 10,271,100 | 9,939,240 | 9,814,640 | 9,320,100 | 9,279,960 | 8,845,950 | 9,250,720 | 9,229,400 |
| 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 | 0.34 | 0.35 | 0.37 | 0.37 | 0.39 | 0.37 | 0.34 |
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 been consistently low over the past few quarters, remaining at 0.00% for most of the periods. However, starting from the quarter ended March 31, 2021, there was a significant increase in the ratio, with values of 0.34%, 0.35%, 0.37%, 0.37%, 0.39%, and 0.37% over the subsequent quarters.
This increase indicates that the company has taken on more debt relative to its total assets, which could imply a shift in the company's financing strategy or investing in projects that require additional debt financing. It is important to note that the ratio is still relatively low, suggesting that the company has a conservative approach to debt management and may have sufficient assets to cover its debt obligations.
Overall, monitoring the trend of the debt-to-assets ratio will be crucial to assess the company's leverage and financial risk profile in the future.
Peer comparison
Jun 30, 2024