Onto Innovation Inc (ONTO)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,925,880 | 1,736,540 | 1,596,430 | 1,426,060 | 1,264,750 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,925,880K)
= 0.00
The debt-to-capital ratio for Onto Innovation Inc has consistently remained at 0.00% from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant source of financing relative to its total capital structure during this period. A debt-to-capital ratio of 0.00% suggests that the company's capital structure is predominantly composed of equity rather than debt, reflecting a potentially low financial risk and a conservative approach to leverage. It also implies that the company may rely more on internally generated funds or equity financing for its operations and growth initiatives.
Peer comparison
Dec 31, 2024