Onto Innovation Inc (ONTO)

Debt-to-capital 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
Total stockholders’ equity US$ in thousands 1,736,540 1,696,140 1,656,710 1,624,620 1,596,430 1,569,370 1,527,940 1,472,320 1,426,060 1,373,550 1,329,560 1,292,310 1,264,750 1,237,680 1,221,210 1,225,800 1,264,030 385,473 377,500 369,862
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,736,540K)
= 0.00

The debt-to-capital ratio for Onto Innovation Inc has consistently been calculated as 0.00 over the past five years, indicating that the company has not utilized debt in its capital structure. A debt-to-capital ratio of 0.00 implies that the company has not taken on any debt to finance its operations relative to its total capital. This could suggest that Onto Innovation Inc relies primarily on equity financing, which may indicate financial stability and a lower risk of financial distress associated with debt repayment obligations. It is crucial to monitor this ratio over time to understand any potential changes in the company's capital structure and financial strategy.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-capital ratio
Onto Innovation Inc
ONTO
0.00
Rockwell Automation Inc
ROK
0.42
Thermo Fisher Scientific Inc
TMO
0.00
Trimble Inc
TRMB
0.36