Onto Innovation Inc (ONTO)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,117,090 | 1,909,710 | 1,794,860 | 1,649,810 | 1,468,170 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,117,090K
= 0.00
Onto Innovation Inc's debt-to-assets ratio has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt significantly to finance its operations or acquisitions, and its assets are predominantly funded through equity. A debt-to-assets ratio of 0.00 signifies a low financial risk, as the company's assets are predominantly financed by equity capital, implying a strong financial position and stability. It suggests that Onto Innovation Inc may be relying on internal funds or alternative sources of financing to support its asset base rather than taking on debt, which can be favorable for long-term financial health and sustainability.
Peer comparison
Dec 31, 2024