Veeco Instruments Inc (VECO)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.83 | 1.93 | 2.01 | 1.99 | 1.95 | 2.26 | 2.18 | 2.28 | 2.05 | 2.29 | 2.30 | 2.29 | 2.20 | 2.23 | 2.19 | 2.21 | 2.18 | 2.14 | 2.13 | 2.10 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,229,040K ÷ $672,442K
= 1.83
Veeco Instruments Inc's financial leverage ratio has been fluctuating over the past quarters. In Q1 2022, the ratio was relatively high at 2.28, indicating a higher level of financial leverage. Over the subsequent quarters, the ratio decreased to 1.83 in Q4 2023. This suggests that the company has reduced its reliance on debt to finance its operations compared to the beginning of 2022.
However, it is important to note that the ratio increased again in Q3 2022 to 2.26, before declining in the following quarters. This pattern indicates some volatility in Veeco's financial leverage, which could potentially expose the company to risks associated with high levels of debt.
Overall, while the recent trend shows a moderation in financial leverage, investors and stakeholders should continue to monitor Veeco Instruments Inc's leverage levels to ensure the company maintains a healthy balance between debt and equity financing.
Peer comparison
Dec 31, 2023