MKS Instruments Inc (MKSI)

Debt-to-assets ratio

		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	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	4,953,000	5,052,000	5,073,000	5,076,000	5,122,000	—	—	—	825,000	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	9,118,000	9,140,000	9,230,000	11,366,000	11,495,000	11,372,000	4,749,000	4,649,000	4,540,000	4,365,900	4,208,900	4,017,900	3,903,800	3,750,900	3,631,100	3,474,900	3,416,300	3,354,540	3,381,950	3,412,740
Debt-to-assets ratio		0.54	0.55	0.55	0.45	0.45	0.00	0.00	0.00	0.18	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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 exhibited fluctuations over the period from December 2019 to December 2023. The ratio increased from 0.00 in September 2022 to 0.54 in December 2023, indicating a significant rise in the company's reliance on debt to finance its assets. This trend continued as the ratio further increased to 0.55 in September 2023 and June 2023.

It is worth noting that the debt-to-assets ratio was relatively low in the period from December 2020 to March 2022, hovering around 0.00. This suggests that during this time frame, the company had little to no debt in relation to its assets.

However, caution should be exercised in solely relying on the debt-to-assets ratio as an indicator of financial health, as the context and industry norms should also be taken into consideration. Overall, the recent increase in the debt-to-assets ratio of MKS Instruments Inc warrants further examination of its debt management strategies and financial stability.