Veeco Instruments Inc (VECO)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
Veeco Instruments Inc has consistently maintained a strong solvency position, as indicated by its low debt ratios over the years. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all remained at 0.00, reflecting the company's ability to finance its operations mainly through equity and retained earnings rather than taking on debt.
The Financial leverage ratio shows a decreasing trend from 2.21 in March 2020 to 1.62 in December 2024. This indicates that the company has been gradually reducing its reliance on debt financing relative to equity, which could be seen as a positive sign of financial stability and decreasing financial risk.
In conclusion, Veeco Instruments Inc's solvency ratios demonstrate a solid financial position with minimal debt burden and a decreasing reliance on debt financing over time, which could contribute to the company's long-term financial health and sustainability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 7.23 | 8.82 | 8.71 | -0.27 | -1.41 | -2.51 | -3.10 | 5.03 | 5.43 | 4.32 | 3.25 | 2.70 | 2.04 | 1.84 | 1.53 | 0.97 | 0.83 | -0.71 | -1.32 | -1.69 |
Veeco Instruments Inc's interest coverage ratio shows a fluctuating trend over the periods provided. The company experienced challenges in meeting its interest obligations in the past, as indicated by negative ratios in early 2020 and mid-2023.
However, the interest coverage has shown improvement since then, with positive ratios indicating the ability to cover interest expenses from operating profits. Veeco's interest coverage ratio significantly increased from mid-2023 to mid-2024, surpassing a ratio of 8. This substantial improvement suggests a stronger ability to meet interest payments and indicates a positive trend in the company's financial health.
It is important for investors and lenders to monitor Veeco's interest coverage ratio closely to ensure the sustainability of the company's ability to cover its interest expenses from its operating earnings.