Onto Innovation Inc (ONTO)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,117,090 | 1,909,710 | 1,794,860 | 1,649,810 | 1,468,170 |
| Total stockholders’ equity | US$ in thousands | 1,925,880 | 1,736,540 | 1,596,430 | 1,426,060 | 1,264,750 |
| Financial leverage ratio | 1.10 | 1.10 | 1.12 | 1.16 | 1.16 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,117,090K ÷ $1,925,880K
= 1.10
The financial leverage ratio of Onto Innovation Inc has been relatively stable over the past five years, ranging from 1.10 to 1.16. This ratio indicates that the company's level of financial leverage has remained fairly consistent during the period under review. A financial leverage ratio of 1.10 to 1.16 suggests that the company relies more on equity financing rather than debt financing to support its operations and investments. Overall, Onto Innovation Inc's financial leverage ratio indicates a balanced and conservative approach to capital structure management, with a tendency towards lower financial risk.
Peer comparison
Dec 31, 2024