Veeco Instruments Inc (VECO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 672,442 | 644,480 | 612,600 | 585,559 | 577,824 | 441,115 | 420,737 | 403,570 | 437,628 | 435,313 | 423,735 | 412,461 | 408,374 | 398,093 | 395,331 | 377,064 | 374,512 | 402,470 | 411,026 | 421,798 |
| Debt-to-capital ratio | 0.29 | 0.30 | 0.31 | 0.30 | 0.31 | 0.37 | 0.38 | 0.39 | 0.34 | 0.43 | 0.44 | 0.44 | 0.44 | 0.45 | 0.45 | 0.45 | 0.44 | 0.42 | 0.42 | 0.41 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $274,941K ÷ ($274,941K + $672,442K)
= 0.29
The debt-to-capital ratio of Veeco Instruments Inc has shown a downward trend over the past two years, indicating a decreasing reliance on debt relative to total capital. The ratio has decreased from 0.32 in Q4 2022 to 0.29 in Q4 2023. This improvement suggests that the company has been able to reduce its debt levels or increase its equity capital base during this period.
Additionally, the debt-to-capital ratio has fluctuated within a relatively narrow range between 0.29 and 0.40 over the past eight quarters. While the ratio has generally trended downwards, there have been slight increases in certain quarters, such as in Q2 and Q3 2022.
Overall, the decreasing trend in the debt-to-capital ratio of Veeco Instruments Inc indicates a positive financial position with a lower reliance on debt financing, which may improve the company's financial stability and flexibility in managing its capital structure.
Peer comparison
Dec 31, 2023