KLA-Tencor Corporation (KLAC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 3,368,330 | 3,094,880 | 3,043,710 | 2,990,220 | 2,919,750 | 2,682,780 | 2,603,260 | 2,102,070 | 1,401,350 | 4,080,310 | 4,048,530 | 3,860,930 | 3,377,550 | 3,114,860 | 2,935,180 | 2,747,180 | 2,665,420 | 2,307,430 | 2,669,760 | 2,661,160 |
| Debt-to-capital 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 | 0.52 | 0.54 | 0.55 | 0.57 | 0.60 | 0.56 | 0.54 |
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 for KLA-Tencor Corporation has remained consistently low, at 0.00, for the past several quarters until the most recent three quarters. The ratio then increased steadily from 0.52 in March 2021 to 0.60 in September 2019, indicating a rising proportion of debt relative to the company's total capital over this period. This suggests that KLA-Tencor has been gradually taking on more debt compared to its equity financing.
The sudden increase in the debt-to-capital ratio may signify a shift in the company's capital structure, potentially driven by strategic decisions such as financing acquisitions, expanding operations, or investing in new projects. Investors and stakeholders should closely monitor this trend to assess the company's ability to manage its debt levels and the impact on its financial flexibility and risk profile.
Peer comparison
Jun 30, 2024