Veeco Instruments Inc (VECO)
Debt-to-assets 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 | 274,941 | 274,646 | 274,335 | 254,713 | 254,491 | 254,272 | 254,055 | 253,840 | 229,438 | 331,877 | 328,215 | 324,629 | 321,115 | 320,818 | 317,314 | 303,388 | 300,068 | 296,810 | 293,611 | 290,473 |
| Total assets | US$ in thousands | 1,229,040 | 1,246,230 | 1,228,450 | 1,167,250 | 1,128,180 | 996,617 | 916,652 | 920,364 | 898,976 | 997,808 | 975,509 | 945,242 | 898,064 | 889,625 | 865,070 | 832,886 | 818,088 | 862,276 | 875,863 | 885,594 |
| Debt-to-assets ratio | 0.22 | 0.22 | 0.22 | 0.22 | 0.23 | 0.26 | 0.28 | 0.28 | 0.26 | 0.33 | 0.34 | 0.34 | 0.36 | 0.36 | 0.37 | 0.36 | 0.37 | 0.34 | 0.34 | 0.33 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $274,941K ÷ $1,229,040K
= 0.22
Veeco Instruments Inc's debt-to-assets ratio has been relatively stable at around 0.22 for the past four quarters, starting in Q1 2023. This indicates that the company finances about 22% of its total assets through debt. Comparing to the ratios of 0.24 in Q4 2022, 0.28 in Q3 2022, and 0.30 in Q2 2022 and Q1 2022, we can see that the company has effectively managed its debt levels and is maintaining a healthy balance between debt and assets. The consistent low ratio suggests that Veeco Instruments Inc has a conservative approach to leverage and is not overly reliant on debt to fund its operations. Overall, the stable debt-to-assets ratio over the recent quarters reflects prudent financial management by the company.
Peer comparison
Dec 31, 2023