MKS Instruments Inc (MKSI)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	2,472,000	2,476,000	2,495,000	4,451,000	4,483,000	4,149,000	3,129,000	3,027,000	2,887,000	2,728,000	2,614,000	2,469,000	2,360,000	2,226,800	2,126,600	2,052,500	2,022,000	1,973,500	1,945,500	1,920,900
Debt-to-equity ratio		2.00	2.04	2.03	1.14	1.14	0.00	0.00	0.00	0.29	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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $4,953,000K ÷ $2,472,000K
= 2.00

The debt-to-equity ratio for MKS Instruments Inc has shown fluctuations over the periods presented. As of December 31, 2023, the debt-to-equity ratio stood at 2.00, indicating that the company had twice as much debt as equity in its capital structure. This ratio increased slightly from the previous quarter, where it was 2.04 as of September 30, 2023. In the earlier quarters of 2023, the ratio remained relatively stable around 2.03 in June 30, 2023, but decreased significantly to 1.14 in March 31, 2023.

Notably, in the last three quarters of 2022, the company had significantly lower debt-to-equity ratios, with figures of 1.14 as of March 31, 2022, and zero debt recorded in September and June 2022. This indicates a shift in the company's capital structure towards an equity-heavy composition during that period.

Prior to 2022, the debt-to-equity ratio was relatively low, with the company maintaining a ratio of 0.29 as of December 31, 2021, and recording zero debt in the quarters leading up to that period.

Overall, the trend in the debt-to-equity ratio for MKS Instruments Inc shows variability, reflecting fluctuations in the company's leverage and financial structure over the analyzed periods.