Onto Innovation Inc (ONTO)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,925,880K
= 0.00
The debt-to-equity ratio of Onto Innovation Inc has remained at 0.00 consistently from December 31, 2020, to December 31, 2024. This indicates that the company has not relied on debt to finance its operations during this period and has mainly used equity to fund its activities. A debt-to-equity ratio of 0.00 suggests that the company's financial structure is skewed towards equity financing, which may be viewed positively by investors and creditors as it signifies lower financial risk and potential for greater stability. However, it is important to consider other financial metrics and factors in conjunction with the debt-to-equity ratio to gain a comprehensive understanding of Onto Innovation Inc's overall financial health and performance.
Peer comparison
Dec 31, 2024