KLA-Tencor Corporation (KLAC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 3,368,330 | 2,919,750 | 1,401,350 | 3,377,550 | 2,665,420 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.57 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,368,330K)
= 0.00
The debt-to-capital ratio of KLA-Tencor Corporation has shown a consistent downward trend over the past five years, decreasing from 0.57 in June 2020 to 0.00 in June 2024. A debt-to-capital ratio of 0.00 indicates that the company is currently not using any debt to finance its operations and investments, relying solely on equity. This can be seen as a positive sign of financial health and stability, as lower debt levels reduce the financial risk and interest burden of the company. However, it is important to note that a zero debt-to-capital ratio may also suggest that the company is not taking advantage of debt financing for potential growth opportunities. Overall, KLA-Tencor Corporation's decreasing debt-to-capital ratio indicates a conservative approach to capital structure management and financial risk.
Peer comparison
Jun 30, 2024