KLA-Tencor Corporation (KLAC)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 1.30 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,368,330K
= 0.00
The debt-to-equity ratio of KLA-Tencor Corporation has been consistently 0.00 in the years 2024, 2023, 2022, and 2021, indicating that the company has not utilized any debt to finance its operations during these years. This suggests that the company has been predominantly relying on equity financing for its capital structure.
However, in the year 2020, the debt-to-equity ratio was 1.30, indicating that the company had a higher level of debt relative to equity in that year. This shift could signal a strategic decision to take on debt for various purposes such as expansion, investment in new projects, or other capital-intensive activities.
Overall, the trend of having a consistently low debt-to-equity ratio in recent years suggests a conservative approach to managing the company's capital structure, potentially reducing financial risk and enhancing financial stability.
Peer comparison
Jun 30, 2024