KLA-Tencor Corporation (KLAC)
Financial leverage ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 16,067,900 | 15,188,300 | 15,001,700 | 15,681,700 | 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 |
| Total stockholders’ equity | US$ in thousands | 4,692,450 | 4,004,740 | 3,584,550 | 3,559,710 | 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 |
| Financial leverage ratio | 3.42 | 3.79 | 4.19 | 4.41 | 4.58 | 4.83 | 4.69 | 4.73 | 4.82 | 5.10 | 5.27 | 6.24 | 8.99 | 2.95 | 2.89 | 2.89 | 3.04 | 3.19 | 3.34 | 3.39 |
June 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $16,067,900K ÷ $4,692,450K
= 3.42
The financial leverage ratio of KLA-Tencor Corporation exhibits notable fluctuations over the analyzed period. Starting from a high of 3.39 as of September 30, 2020, the ratio generally shows a declining trend through late 2021, reaching a low of 2.89 by September 30, 2021. This decline suggests a reduction in the company's reliance on debt relative to equity during that interval.
Between late 2021 and mid-2022, the leverage ratio remains relatively stable, hovering close to approximately 3.00, indicating a period of financial stability. However, a significant upward spike occurs in June 2022, where the ratio dramatically increases to 8.99, associated with a substantial rise in leverage. This peak likely reflects a change in capital structure, such as increased borrowing or a restructuring event.
Subsequently, the ratio declines markedly over the following quarters, moving to 6.24 by September 2022, and gradually decreasing further to about 4.69 by December 2023. The downtrend indicates a reduction in leveraging, with the company seemingly deleveraging or paying down debt relative to equity.
From March 2024 through June 2025, the ratio continues to decline, reaching 3.42 by June 2025, which suggests an ongoing effort to reduce financial risk and maintain more conservative leverage levels. Overall, the data reflects a pattern of initial moderate leverage reduction, a pronounced temporary increase in 2022, followed by a sustained decrease in leverage, indicating prudent financial management aimed at reducing reliance on debt over the period.
Peer comparison
Jun 30, 2025