Photronics Inc (PLAB)

Debt-to-equity 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-equity 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	0.11	0.11	0.11	0.10	0.07	0.05	0.05	0.05

October 31, 2024 calculation

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

The debt-to-equity ratio of Photronics Inc has shown a relatively low and stable trend over the past several quarters. From October 2020 to July 2023, the ratio consistently ranged between 0.02 and 0.05, indicating that the company has been using a conservative amount of debt to finance its operations compared to equity.

However, there was a slight increase in the ratio in January 2023 to 0.09, followed by a further increase to 0.11 in April 2023 and maintained at the same level in August 2021. These increases suggest that Photronics Inc may have taken on more debt during these periods relative to its equity levels.

In the most recent quarters, the debt-to-equity ratio has decreased significantly to 0.00 in October 2024, signaling a significant reduction in the company's debt relative to its equity. It is worth noting that a debt-to-equity ratio of 0.00 indicates that the company has no debt on its balance sheet, which can be a positive sign of financial stability and lower risk.

Overall, the trend in Photronics Inc's debt-to-equity ratio indicates a historically conservative approach to financial leverage, with recent quarters showing a significant reduction in debt levels, potentially improving the company's financial health and risk profile.