Veeco Instruments Inc (VECO)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,251,580 | 1,272,870 | 1,235,120 | 1,233,690 | 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 |
| Total stockholders’ equity | US$ in thousands | 770,770 | 746,519 | 715,013 | 687,910 | 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 |
| Financial leverage ratio | 1.62 | 1.71 | 1.73 | 1.79 | 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 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,251,580K ÷ $770,770K
= 1.62
Veeco Instruments Inc's financial leverage ratio demonstrates the company's level of debt relative to its equity over time. From March 31, 2020, to December 31, 2022, the financial leverage ratio fluctuated within a range between 1.95 and 2.30. This indicates that the company relied on a moderate level of debt to finance its operations and investment activities during this period.
However, starting from March 31, 2023, the financial leverage ratio began to decline steadily, reaching as low as 1.62 by December 31, 2024. This decreasing trend suggests that Veeco Instruments Inc gradually reduced its reliance on debt financing in favor of equity, which could indicate a more conservative approach to capital structure and financial risk management.
Overall, the downward trend in the financial leverage ratio reflects a potential strengthening of the company's financial position and reduced financial risk associated with high levels of debt. This may improve Veeco Instruments Inc's ability to weather economic downturns and pursue growth opportunities in a more sustainable manner.
Peer comparison
Dec 31, 2024