Veeco Instruments Inc (VECO)
Debt-to-equity 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-equity ratio | 0.41 | 0.43 | 0.45 | 0.43 | 0.44 | 0.58 | 0.60 | 0.63 | 0.52 | 0.76 | 0.77 | 0.79 | 0.79 | 0.81 | 0.80 | 0.80 | 0.80 | 0.74 | 0.71 | 0.69 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $274,941K ÷ $672,442K
= 0.41
Veeco Instruments Inc's debt-to-equity ratio has shown a gradual decrease over the past eight quarters, indicating an improvement in the company's overall financial leverage and solvency position. The ratio has fluctuated between 0.41 and 0.68 during this period.
In particular, the ratio has decreased from 0.68 in Q1 2022 to 0.41 in Q4 2023, suggesting that Veeco has been reducing its debt levels relative to its equity base over time. A lower debt-to-equity ratio generally indicates a lower financial risk for the company, as it signifies less dependence on borrowed funds to finance its operations.
Overall, the trend of declining debt-to-equity ratio reflects positively on Veeco Instruments Inc's financial health and ability to manage its debt obligations effectively. Continued monitoring of this ratio is essential to ensure the company maintains a balanced capital structure and sustainable growth trajectory.
Peer comparison
Dec 31, 2023