Photronics Inc (PLAB)

Debt-to-capital ratio

		Oct 31, 2024	Jul 28, 2024	Apr 28, 2024	Jan 28, 2024	Oct 31, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 31, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Oct 31, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020
Long-term debt	US$ in thousands	—	—	—	—	—	20,121	21,322	27,323	32,310	46,589	70,138	78,540	89,446	92,740	88,444	79,984	54,980	38,183	35,783	36,449
Total stockholders’ equity	US$ in thousands	1,120,860	1,067,990	1,034,860	1,022,960	975,008	961,212	928,047	920,765	831,527	850,318	834,399	838,425	823,692	817,892	821,392	815,502	804,962	790,242	769,191	770,676
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.02	0.02	0.03	0.04	0.05	0.08	0.09	0.10	0.10	0.10	0.09	0.06	0.05	0.04	0.05

October 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,120,860K)
= 0.00

The debt-to-capital ratio of Photronics Inc has remained relatively stable over the periods analyzed. It fluctuated between 0.00% and 0.10% during the past two years, indicating that the company has been managing its debt levels effectively relative to its total capital. The slight increase in the ratio from 0.00% to 0.10% may suggest a moderate increase in the company's debt relative to its overall capital structure. However, it is important to note that the debt-to-capital ratio remains low throughout the periods, which may indicate conservative financial management and a lower financial risk profile for the company. Further analysis of the company's financial statements and industry benchmarks would provide more insights into the implications of this ratio for Photronics Inc's financial health and performance.