AXT (AXTI) Debt-to-Equity : 0.27 (As of Dec. 2023)

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What is AXT Debt-to-Equity?

AXT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $53.38 Mil. AXT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.35 Mil. AXT's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $203.99 Mil. AXT's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for AXT's Debt-to-Equity or its related term are showing as below:

AXTI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.08 Max: 0.27
Current: 0.26

During the past 13 years, the highest Debt-to-Equity Ratio of AXT was 0.27. The lowest was 0.05. And the median was 0.08.

AXTI's Debt-to-Equity is ranked better than
51.54% of 879 companies
in the Semiconductors industry
Industry Median: 0.27 vs AXTI: 0.26

AXT Debt-to-Equity Historical Data

The historical data trend for AXT's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AXT Debt-to-Equity Chart

AXT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.05

0.07

0.08

0.22

0.27

AXT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.25	0.23	0.24	0.27	0.26

Competitive Comparison of AXT's Debt-to-Equity

For the Semiconductor Equipment & Materials subindustry, AXT's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

AXT's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, AXT's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where AXT's Debt-to-Equity falls into.

AXT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AXT's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(53.379	+	2.351)	/	203.989
	=	0.27

AXT's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(53.379	+	2.351)	/	203.989
	=	0.27

AXT (NAS:AXTI) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

AXT Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of AXT's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

AXT (AXTI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » AXT Inc (NAS:AXTI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AHV:Germany

Address

4281 Technology Drive, Fremont, CA, USA, 94538

Website

http://www.axt.com

AXT Inc is a developer and producer of compound and single-element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It is engaged in the design, development, manufacture, and distribution of high-performance compound semiconductor substrates and the sale of materials. The company provides alternative or specialty materials in the form of substrates or wafers, including compound and single-element substrates. Its compound substrates combine indium with phosphorous or gallium with arsenic. Geographically firm has its business presence across the region of Europe, Japan, Taiwan, China, North America, and the Asia Pacific from which China derives its maximum revenue to the company.

Executives

Russell Christine	director	17165 PINE STREET, LOS GATOS CA 95032
Gary L Fischer	officer: Vice President, CFO & Corp Sec	4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Morris S Young	director, officer: Chief Executive Officer	4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Jesse Chen	director	18975 MONTE VISTA DR, SARATOGA CA 95070
David C Chang	director	C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 16TH FLOOR, NEW YORK NY 10023
Ni-pixel	director	4699 OLD IRONSIDE DRIVE, SUITE 300, SANTA CLARA CA 95054
Robert G Ochrym	officer: VP Business Development	4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Wilson Weicheng Lin	officer: Chief Operating Officer	4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Leonard J Leblanc	director
Davis Zhang	officer: President, JV Operations	AXT, INC 4281, TECHNOLOGY DRIVE, FREMONT CA 94538
Hong Q Hou	officer: Chief Operating Officer
Nai-yu Pai	director	2065 ACADIA CT, CUPERTINO CA 94014
Raymond Anthony Low	officer: Chief Financial Officer	25 SHADOW TREE CT, DANVILLE CA 94506
John J Cerilli	officer: VP Global Sales & Marketing	4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Yin Philip C S	officer: Chief Executive Officer	4281 TECHNOLOGY DRIVE, FREMONT CA 94538