Veeco Instruments Inc (VECO)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 274,941 | 254,491 | 229,438 | 321,115 | 300,068 |
| Total stockholders’ equity | US$ in thousands | 672,442 | 577,824 | 437,628 | 408,374 | 374,512 |
| Debt-to-equity ratio | 0.41 | 0.44 | 0.52 | 0.79 | 0.80 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $274,941K ÷ $672,442K
= 0.41
The debt-to-equity ratio of Veeco Instruments Inc has been trending downwards over the past five years, declining from 0.80 in 2019 to 0.41 in 2023. This indicates that the company has been reducing its reliance on debt and increasing its equity financing over the period. A lower debt-to-equity ratio generally signifies a lower level of financial risk and greater financial stability, as the company is less leveraged and has a stronger equity base to support its operations. Veeco's decreasing debt-to-equity ratio may reflect a strategic shift towards a healthier capital structure and improved financial health. Overall, the declining trend in the debt-to-equity ratio suggests that Veeco Instruments Inc has been effectively managing its debt levels in recent years.
Peer comparison
Dec 31, 2023