MKS Instruments Inc (MKSI)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	4,953,000	5,122,000	825,000	—	—
Total assets	US$ in thousands	9,118,000	11,495,000	4,540,000	3,903,800	3,416,300
Debt-to-assets ratio		0.54	0.45	0.18	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,953,000K ÷ $9,118,000K
= 0.54

The debt-to-assets ratio of MKS Instruments Inc has been increasing over the past five years, from 0.00 in 2019 and 2020 to 0.18 in 2021, further rising to 0.45 in 2022, and reaching 0.54 in 2023. This indicates a growing reliance on debt to finance its assets. A higher debt-to-assets ratio suggests that a larger portion of the company's assets are financed by debt, which could increase financial risk and interest expenses. It is crucial for investors and creditors to closely monitor this trend to assess the company's ability to manage its debt levels and financial stability.