KLA-Tencor Corporation (KLAC)
Debt-to-equity 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-equity 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 | 1.10 | 1.17 | 1.25 | 1.30 | 1.49 | 1.27 | 1.19 |
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 low or zero in the recent quarters, indicating that the company has a stronger reliance on equity financing than debt financing. However, there was a notable increase in the ratio from the fourth quarter of 2020 to the second quarter of 2021, where it ranged from 1.10 to 1.49. This increase suggests that the company took on more debt relative to equity during that period.
From the third quarter of 2021 onwards, the debt-to-equity ratio gradually decreased, indicating a reduction in the company's debt levels relative to equity. The ratio remained below 1.5, signaling a balanced capital structure with a lower proportion of debt compared to equity.
Overall, the trend in the debt-to-equity ratio for KLA-Tencor Corporation suggests a conservative approach to capital structure management, with a recent focus on reducing debt levels in relation to equity. This could potentially enhance the company's financial stability and resilience to economic uncertainties.
Peer comparison
Jun 30, 2024