Veeco Instruments Inc (VECO)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,251,580 | 1,229,040 | 1,128,180 | 898,976 | 898,064 |
| Total stockholders’ equity | US$ in thousands | 770,770 | 672,442 | 577,824 | 437,628 | 408,374 |
| Financial leverage ratio | 1.62 | 1.83 | 1.95 | 2.05 | 2.20 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,251,580K ÷ $770,770K
= 1.62
The financial leverage ratio of Veeco Instruments Inc has shown a declining trend over the past five years, starting at 2.20 in December 31, 2020, and decreasing to 1.62 by December 31, 2024. This indicates that the company has been gradually reducing its reliance on debt to finance its operations and investments compared to its equity. A lower financial leverage ratio suggests a stronger financial position and less risk of financial distress, as the company has a higher proportion of equity relative to debt in its capital structure. Veeco's decreasing leverage ratio may signify a conservative approach to managing its financial obligations and improving its overall stability and solvency.
Peer comparison
Dec 31, 2024