Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
KLA Corp., solvency ratios
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | KLA Corp. debt to equity ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | KLA Corp. debt to equity ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | KLA Corp. debt to capital ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | KLA Corp. debt to capital ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | KLA Corp. debt to assets ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | KLA Corp. debt to assets ratio (including operating lease liability) improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | KLA Corp. financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | KLA Corp. interest coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | KLA Corp. fixed charge coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Debt to Equity
KLA Corp., debt to equity calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Short-term debt | —) | —) | —) | 20,000) | —) | —) | |
| Current portion of long-term debt | 749,936) | —) | —) | —) | —) | 249,999) | |
| Long-term debt, excluding current portion | 5,880,199) | 5,890,736) | 6,660,718) | 3,422,767) | 3,469,670) | 3,173,383) | |
| Total debt | 6,630,135) | 5,890,736) | 6,660,718) | 3,442,767) | 3,469,670) | 3,423,382) | |
| Total KLA stockholders’ equity | 3,368,328) | 2,919,753) | 1,401,351) | 3,377,554) | 2,665,424) | 2,659,108) | |
| Solvency Ratio | |||||||
| Debt to equity1 | 1.97 | 2.02 | 4.75 | 1.02 | 1.30 | 1.29 | |
| Benchmarks | |||||||
| Debt to Equity, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.04 | 0.05 | 0.04 | 0.06 | 0.17 | |
| Analog Devices Inc. | — | 0.20 | 0.18 | 0.18 | 0.43 | 0.47 | |
| Applied Materials Inc. | — | 0.35 | 0.45 | 0.45 | 0.52 | 0.65 | |
| Broadcom Inc. | — | 1.64 | 1.74 | 1.59 | 1.72 | 1.32 | |
| First Solar Inc. | — | 0.09 | 0.03 | 0.04 | 0.05 | 0.09 | |
| Intel Corp. | — | 0.47 | 0.41 | 0.40 | 0.45 | 0.37 | |
| Lam Research Corp. | 0.58 | 0.61 | 0.80 | 0.83 | 1.12 | 0.96 | |
| Micron Technology Inc. | 0.30 | 0.30 | 0.14 | 0.15 | 0.17 | 0.16 | |
| NVIDIA Corp. | 0.23 | 0.50 | 0.41 | 0.41 | 0.16 | 0.21 | |
| Qualcomm Inc. | 0.56 | 0.71 | 0.86 | 1.58 | 2.59 | 3.25 | |
| Texas Instruments Inc. | — | 0.66 | 0.60 | 0.58 | 0.74 | 0.65 | |
| Debt to Equity, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.46 | 0.43 | 0.49 | 0.61 | 0.56 | |
| Debt to Equity, Industry | |||||||
| Information Technology | — | 0.62 | 0.67 | 0.76 | 0.87 | 0.87 | |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).
1 2024 Calculation
Debt to equity = Total debt ÷ Total KLA stockholders’ equity
= 6,630,135 ÷ 3,368,328 = 1.97
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | KLA Corp. debt to equity ratio improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Equity (including Operating Lease Liability)
KLA Corp., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Short-term debt | —) | —) | —) | 20,000) | —) | —) | |
| Current portion of long-term debt | 749,936) | —) | —) | —) | —) | 249,999) | |
| Long-term debt, excluding current portion | 5,880,199) | 5,890,736) | 6,660,718) | 3,422,767) | 3,469,670) | 3,173,383) | |
| Total debt | 6,630,135) | 5,890,736) | 6,660,718) | 3,442,767) | 3,469,670) | 3,423,382) | |
| Current operating lease liabilities | 36,391) | 34,042) | 32,218) | 32,322) | 28,994) | —) | |
| Non-current operating lease liabilities | 153,117) | 138,354) | 81,369) | 70,739) | 70,885) | —) | |
| Total debt (including operating lease liability) | 6,819,643) | 6,063,132) | 6,774,305) | 3,545,828) | 3,569,549) | 3,423,382) | |
| Total KLA stockholders’ equity | 3,368,328) | 2,919,753) | 1,401,351) | 3,377,554) | 2,665,424) | 2,659,108) | |
| Solvency Ratio | |||||||
| Debt to equity (including operating lease liability)1 | 2.02 | 2.08 | 4.83 | 1.05 | 1.34 | 1.29 | |
| Benchmarks | |||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.06 | 0.05 | 0.10 | 0.10 | 0.26 | |
| Analog Devices Inc. | — | 0.21 | 0.19 | 0.19 | 0.46 | 0.47 | |
| Applied Materials Inc. | — | 0.37 | 0.48 | 0.47 | 0.54 | 0.65 | |
| Broadcom Inc. | — | 1.65 | 1.76 | 1.61 | 1.75 | 1.32 | |
| First Solar Inc. | — | 0.09 | 0.04 | 0.07 | 0.09 | 0.12 | |
| Intel Corp. | — | 0.47 | 0.42 | 0.40 | 0.46 | 0.38 | |
| Lam Research Corp. | 0.62 | 0.64 | 0.83 | 0.86 | 1.16 | 0.96 | |
| Micron Technology Inc. | 0.31 | 0.32 | 0.15 | 0.17 | 0.19 | 0.16 | |
| NVIDIA Corp. | 0.26 | 0.54 | 0.44 | 0.46 | 0.22 | 0.21 | |
| Qualcomm Inc. | 0.59 | 0.74 | 0.90 | 1.64 | 2.67 | 3.25 | |
| Texas Instruments Inc. | — | 0.70 | 0.63 | 0.62 | 0.77 | 0.69 | |
| Debt to Equity (including Operating Lease Liability), Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.48 | 0.44 | 0.51 | 0.63 | 0.57 | |
| Debt to Equity (including Operating Lease Liability), Industry | |||||||
| Information Technology | — | 0.68 | 0.73 | 0.83 | 0.94 | 0.90 | |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).
1 2024 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total KLA stockholders’ equity
= 6,819,643 ÷ 3,368,328 = 2.02
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | KLA Corp. debt to equity ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Capital
KLA Corp., debt to capital calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Short-term debt | —) | —) | —) | 20,000) | —) | —) | |
| Current portion of long-term debt | 749,936) | —) | —) | —) | —) | 249,999) | |
| Long-term debt, excluding current portion | 5,880,199) | 5,890,736) | 6,660,718) | 3,422,767) | 3,469,670) | 3,173,383) | |
| Total debt | 6,630,135) | 5,890,736) | 6,660,718) | 3,442,767) | 3,469,670) | 3,423,382) | |
| Total KLA stockholders’ equity | 3,368,328) | 2,919,753) | 1,401,351) | 3,377,554) | 2,665,424) | 2,659,108) | |
| Total capital | 9,998,463) | 8,810,489) | 8,062,069) | 6,820,321) | 6,135,094) | 6,082,490) | |
| Solvency Ratio | |||||||
| Debt to capital1 | 0.66 | 0.67 | 0.83 | 0.50 | 0.57 | 0.56 | |
| Benchmarks | |||||||
| Debt to Capital, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.04 | 0.04 | 0.04 | 0.05 | 0.15 | |
| Analog Devices Inc. | — | 0.16 | 0.15 | 0.15 | 0.30 | 0.32 | |
| Applied Materials Inc. | — | 0.26 | 0.31 | 0.31 | 0.34 | 0.39 | |
| Broadcom Inc. | — | 0.62 | 0.64 | 0.61 | 0.63 | 0.57 | |
| First Solar Inc. | — | 0.08 | 0.03 | 0.04 | 0.05 | 0.08 | |
| Intel Corp. | — | 0.32 | 0.29 | 0.29 | 0.31 | 0.27 | |
| Lam Research Corp. | 0.37 | 0.38 | 0.44 | 0.45 | 0.53 | 0.49 | |
| Micron Technology Inc. | 0.23 | 0.23 | 0.12 | 0.13 | 0.15 | 0.14 | |
| NVIDIA Corp. | 0.18 | 0.33 | 0.29 | 0.29 | 0.14 | 0.18 | |
| Qualcomm Inc. | 0.36 | 0.42 | 0.46 | 0.61 | 0.72 | 0.76 | |
| Texas Instruments Inc. | — | 0.40 | 0.37 | 0.37 | 0.43 | 0.39 | |
| Debt to Capital, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.32 | 0.30 | 0.33 | 0.38 | 0.36 | |
| Debt to Capital, Industry | |||||||
| Information Technology | — | 0.38 | 0.40 | 0.43 | 0.47 | 0.46 | |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).
1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 6,630,135 ÷ 9,998,463 = 0.66
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | KLA Corp. debt to capital ratio improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Capital (including Operating Lease Liability)
KLA Corp., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Short-term debt | —) | —) | —) | 20,000) | —) | —) | |
| Current portion of long-term debt | 749,936) | —) | —) | —) | —) | 249,999) | |
| Long-term debt, excluding current portion | 5,880,199) | 5,890,736) | 6,660,718) | 3,422,767) | 3,469,670) | 3,173,383) | |
| Total debt | 6,630,135) | 5,890,736) | 6,660,718) | 3,442,767) | 3,469,670) | 3,423,382) | |
| Current operating lease liabilities | 36,391) | 34,042) | 32,218) | 32,322) | 28,994) | —) | |
| Non-current operating lease liabilities | 153,117) | 138,354) | 81,369) | 70,739) | 70,885) | —) | |
| Total debt (including operating lease liability) | 6,819,643) | 6,063,132) | 6,774,305) | 3,545,828) | 3,569,549) | 3,423,382) | |
| Total KLA stockholders’ equity | 3,368,328) | 2,919,753) | 1,401,351) | 3,377,554) | 2,665,424) | 2,659,108) | |
| Total capital (including operating lease liability) | 10,187,971) | 8,982,885) | 8,175,656) | 6,923,382) | 6,234,973) | 6,082,490) | |
| Solvency Ratio | |||||||
| Debt to capital (including operating lease liability)1 | 0.67 | 0.67 | 0.83 | 0.51 | 0.57 | 0.56 | |
| Benchmarks | |||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.05 | 0.05 | 0.09 | 0.09 | 0.20 | |
| Analog Devices Inc. | — | 0.17 | 0.16 | 0.16 | 0.31 | 0.32 | |
| Applied Materials Inc. | — | 0.27 | 0.32 | 0.32 | 0.35 | 0.39 | |
| Broadcom Inc. | — | 0.62 | 0.64 | 0.62 | 0.64 | 0.57 | |
| First Solar Inc. | — | 0.09 | 0.04 | 0.06 | 0.08 | 0.10 | |
| Intel Corp. | — | 0.32 | 0.30 | 0.29 | 0.31 | 0.28 | |
| Lam Research Corp. | 0.38 | 0.39 | 0.45 | 0.46 | 0.54 | 0.49 | |
| Micron Technology Inc. | 0.24 | 0.24 | 0.13 | 0.14 | 0.16 | 0.14 | |
| NVIDIA Corp. | 0.20 | 0.35 | 0.31 | 0.31 | 0.18 | 0.18 | |
| Qualcomm Inc. | 0.37 | 0.43 | 0.47 | 0.62 | 0.73 | 0.76 | |
| Texas Instruments Inc. | — | 0.41 | 0.39 | 0.38 | 0.44 | 0.41 | |
| Debt to Capital (including Operating Lease Liability), Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.32 | 0.31 | 0.34 | 0.39 | 0.36 | |
| Debt to Capital (including Operating Lease Liability), Industry | |||||||
| Information Technology | — | 0.41 | 0.42 | 0.45 | 0.49 | 0.47 | |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).
1 2024 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 6,819,643 ÷ 10,187,971 = 0.67
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | KLA Corp. debt to capital ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Assets
KLA Corp., debt to assets calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Short-term debt | —) | —) | —) | 20,000) | —) | —) | |
| Current portion of long-term debt | 749,936) | —) | —) | —) | —) | 249,999) | |
| Long-term debt, excluding current portion | 5,880,199) | 5,890,736) | 6,660,718) | 3,422,767) | 3,469,670) | 3,173,383) | |
| Total debt | 6,630,135) | 5,890,736) | 6,660,718) | 3,442,767) | 3,469,670) | 3,423,382) | |
| Total assets | 15,433,566) | 14,072,357) | 12,597,088) | 10,271,124) | 9,279,960) | 9,008,516) | |
| Solvency Ratio | |||||||
| Debt to assets1 | 0.43 | 0.42 | 0.53 | 0.34 | 0.37 | 0.38 | |
| Benchmarks | |||||||
| Debt to Assets, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.04 | 0.04 | 0.03 | 0.04 | 0.08 | |
| Analog Devices Inc. | — | 0.14 | 0.13 | 0.13 | 0.24 | 0.26 | |
| Applied Materials Inc. | — | 0.18 | 0.20 | 0.21 | 0.24 | 0.28 | |
| Broadcom Inc. | — | 0.54 | 0.54 | 0.53 | 0.54 | 0.49 | |
| First Solar Inc. | — | 0.06 | 0.02 | 0.03 | 0.04 | 0.06 | |
| Intel Corp. | — | 0.26 | 0.23 | 0.23 | 0.24 | 0.21 | |
| Lam Research Corp. | 0.27 | 0.27 | 0.29 | 0.31 | 0.40 | 0.37 | |
| Micron Technology Inc. | 0.19 | 0.21 | 0.10 | 0.12 | 0.12 | 0.12 | |
| NVIDIA Corp. | 0.15 | 0.27 | 0.25 | 0.24 | 0.11 | 0.15 | |
| Qualcomm Inc. | 0.27 | 0.30 | 0.32 | 0.38 | 0.44 | 0.48 | |
| Texas Instruments Inc. | — | 0.35 | 0.32 | 0.31 | 0.35 | 0.32 | |
| Debt to Assets, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.26 | 0.24 | 0.26 | 0.29 | 0.28 | |
| Debt to Assets, Industry | |||||||
| Information Technology | — | 0.26 | 0.26 | 0.28 | 0.30 | 0.30 | |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).
1 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 6,630,135 ÷ 15,433,566 = 0.43
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | KLA Corp. debt to assets ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Debt to Assets (including Operating Lease Liability)
KLA Corp., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Short-term debt | —) | —) | —) | 20,000) | —) | —) | |
| Current portion of long-term debt | 749,936) | —) | —) | —) | —) | 249,999) | |
| Long-term debt, excluding current portion | 5,880,199) | 5,890,736) | 6,660,718) | 3,422,767) | 3,469,670) | 3,173,383) | |
| Total debt | 6,630,135) | 5,890,736) | 6,660,718) | 3,442,767) | 3,469,670) | 3,423,382) | |
| Current operating lease liabilities | 36,391) | 34,042) | 32,218) | 32,322) | 28,994) | —) | |
| Non-current operating lease liabilities | 153,117) | 138,354) | 81,369) | 70,739) | 70,885) | —) | |
| Total debt (including operating lease liability) | 6,819,643) | 6,063,132) | 6,774,305) | 3,545,828) | 3,569,549) | 3,423,382) | |
| Total assets | 15,433,566) | 14,072,357) | 12,597,088) | 10,271,124) | 9,279,960) | 9,008,516) | |
| Solvency Ratio | |||||||
| Debt to assets (including operating lease liability)1 | 0.44 | 0.43 | 0.54 | 0.35 | 0.38 | 0.38 | |
| Benchmarks | |||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.05 | 0.04 | 0.06 | 0.06 | 0.12 | |
| Analog Devices Inc. | — | 0.15 | 0.14 | 0.14 | 0.25 | 0.26 | |
| Applied Materials Inc. | — | 0.20 | 0.22 | 0.22 | 0.26 | 0.28 | |
| Broadcom Inc. | — | 0.54 | 0.55 | 0.53 | 0.55 | 0.49 | |
| First Solar Inc. | — | 0.06 | 0.03 | 0.05 | 0.07 | 0.08 | |
| Intel Corp. | — | 0.26 | 0.23 | 0.23 | 0.24 | 0.22 | |
| Lam Research Corp. | 0.28 | 0.28 | 0.30 | 0.33 | 0.41 | 0.37 | |
| Micron Technology Inc. | 0.20 | 0.22 | 0.11 | 0.12 | 0.13 | 0.12 | |
| NVIDIA Corp. | 0.17 | 0.29 | 0.27 | 0.27 | 0.15 | 0.15 | |
| Qualcomm Inc. | 0.28 | 0.31 | 0.33 | 0.40 | 0.46 | 0.48 | |
| Texas Instruments Inc. | — | 0.36 | 0.34 | 0.33 | 0.37 | 0.34 | |
| Debt to Assets (including Operating Lease Liability), Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 0.27 | 0.25 | 0.27 | 0.30 | 0.29 | |
| Debt to Assets (including Operating Lease Liability), Industry | |||||||
| Information Technology | — | 0.28 | 0.29 | 0.31 | 0.33 | 0.31 | |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).
1 2024 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 6,819,643 ÷ 15,433,566 = 0.44
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | KLA Corp. debt to assets ratio (including operating lease liability) improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Financial Leverage
KLA Corp., financial leverage calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Total assets | 15,433,566) | 14,072,357) | 12,597,088) | 10,271,124) | 9,279,960) | 9,008,516) | |
| Total KLA stockholders’ equity | 3,368,328) | 2,919,753) | 1,401,351) | 3,377,554) | 2,665,424) | 2,659,108) | |
| Solvency Ratio | |||||||
| Financial leverage1 | 4.58 | 4.82 | 8.99 | 3.04 | 3.48 | 3.39 | |
| Benchmarks | |||||||
| Financial Leverage, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 1.21 | 1.23 | 1.66 | 1.54 | 2.13 | |
| Analog Devices Inc. | — | 1.37 | 1.38 | 1.38 | 1.79 | 1.83 | |
| Applied Materials Inc. | — | 1.88 | 2.19 | 2.11 | 2.11 | 2.32 | |
| Broadcom Inc. | — | 3.04 | 3.23 | 3.03 | 3.18 | 2.71 | |
| First Solar Inc. | — | 1.55 | 1.41 | 1.24 | 1.29 | 1.47 | |
| Intel Corp. | — | 1.81 | 1.80 | 1.77 | 1.89 | 1.76 | |
| Lam Research Corp. | 2.20 | 2.29 | 2.74 | 2.64 | 2.81 | 2.57 | |
| Micron Technology Inc. | 1.54 | 1.46 | 1.33 | 1.34 | 1.38 | 1.36 | |
| NVIDIA Corp. | 1.53 | 1.86 | 1.66 | 1.70 | 1.42 | 1.42 | |
| Qualcomm Inc. | 2.10 | 2.37 | 2.72 | 4.14 | 5.86 | 6.71 | |
| Texas Instruments Inc. | — | 1.91 | 1.87 | 1.85 | 2.11 | 2.02 | |
| Financial Leverage, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 1.79 | 1.78 | 1.88 | 2.06 | 1.99 | |
| Financial Leverage, Industry | |||||||
| Information Technology | — | 2.44 | 2.56 | 2.71 | 2.90 | 2.86 | |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).
1 2024 Calculation
Financial leverage = Total assets ÷ Total KLA stockholders’ equity
= 15,433,566 ÷ 3,368,328 = 4.58
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | KLA Corp. financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024. |
Interest Coverage
KLA Corp., interest coverage calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income attributable to KLA | 2,761,896) | 3,387,277) | 3,321,807) | 2,078,292) | 1,216,785) | 1,175,617) | |
| Add: Net income attributable to noncontrolling interest | —) | 74) | 253) | (939) | (1,760) | (600) | |
| Add: Income tax expense | 428,136) | 401,839) | 167,177) | 283,101) | 101,686) | 121,214) | |
| Add: Interest expense | 311,253) | 296,940) | 160,339) | 157,328) | 160,274) | 124,604) | |
| Earnings before interest and tax (EBIT) | 3,501,285) | 4,086,130) | 3,649,576) | 2,517,782) | 1,476,985) | 1,420,835) | |
| Solvency Ratio | |||||||
| Interest coverage1 | 11.25 | 13.76 | 22.76 | 16.00 | 9.22 | 11.40 | |
| Benchmarks | |||||||
| Interest Coverage, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 5.79 | 14.61 | 109.09 | 28.23 | 4.96 | |
| Analog Devices Inc. | — | 14.63 | 16.46 | 8.19 | 7.79 | 7.49 | |
| Applied Materials Inc. | — | 33.42 | 34.33 | 29.69 | 18.36 | 14.79 | |
| Broadcom Inc. | — | 10.31 | 8.16 | 4.59 | 2.37 | 2.54 | |
| First Solar Inc. | — | 69.75 | 1.70 | 44.65 | 13.11 | -3.45 | |
| Intel Corp. | — | 1.87 | 16.66 | 37.35 | 40.87 | 50.20 | |
| Lam Research Corp. | 24.54 | 28.40 | 29.11 | 21.95 | 15.51 | 21.86 | |
| Micron Technology Inc. | 3.19 | -13.58 | 51.66 | 35.18 | 16.41 | 56.09 | |
| NVIDIA Corp. | 132.59 | 16.96 | 43.12 | 24.96 | 58.12 | 68.17 | |
| Qualcomm Inc. | 15.83 | 11.72 | 31.61 | 19.38 | 10.50 | 12.93 | |
| Texas Instruments Inc. | — | 22.01 | 47.88 | 49.47 | 32.67 | 34.69 | |
| Interest Coverage, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 10.59 | 21.15 | 18.49 | 14.10 | 16.80 | |
| Interest Coverage, Industry | |||||||
| Information Technology | — | 18.86 | 24.65 | 23.05 | 16.83 | 15.85 | |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).
1 2024 Calculation
Interest coverage = EBIT ÷ Interest expense
= 3,501,285 ÷ 311,253 = 11.25
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | KLA Corp. interest coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Fixed Charge Coverage
KLA Corp., fixed charge coverage calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income attributable to KLA | 2,761,896) | 3,387,277) | 3,321,807) | 2,078,292) | 1,216,785) | 1,175,617) | |
| Add: Net income attributable to noncontrolling interest | —) | 74) | 253) | (939) | (1,760) | (600) | |
| Add: Income tax expense | 428,136) | 401,839) | 167,177) | 283,101) | 101,686) | 121,214) | |
| Add: Interest expense | 311,253) | 296,940) | 160,339) | 157,328) | 160,274) | 124,604) | |
| Earnings before interest and tax (EBIT) | 3,501,285) | 4,086,130) | 3,649,576) | 2,517,782) | 1,476,985) | 1,420,835) | |
| Add: Operating lease expense | 54,600) | 41,800) | 36,600) | 38,900) | 35,100) | 13,500) | |
| Earnings before fixed charges and tax | 3,555,885) | 4,127,930) | 3,686,176) | 2,556,682) | 1,512,085) | 1,434,335) | |
| Interest expense | 311,253) | 296,940) | 160,339) | 157,328) | 160,274) | 124,604) | |
| Operating lease expense | 54,600) | 41,800) | 36,600) | 38,900) | 35,100) | 13,500) | |
| Fixed charges | 365,853) | 338,740) | 196,939) | 196,228) | 195,374) | 138,104) | |
| Solvency Ratio | |||||||
| Fixed charge coverage1 | 9.72 | 12.19 | 18.72 | 13.03 | 7.74 | 10.39 | |
| Benchmarks | |||||||
| Fixed Charge Coverage, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 3.18 | 6.82 | 36.00 | 13.08 | 3.48 | |
| Analog Devices Inc. | — | 11.89 | 12.87 | 6.64 | 6.48 | 5.62 | |
| Applied Materials Inc. | — | 23.69 | 24.67 | 22.50 | 14.48 | 12.35 | |
| Broadcom Inc. | — | 9.81 | 6.55 | 3.70 | 1.92 | 2.27 | |
| First Solar Inc. | — | 36.57 | 1.32 | 19.58 | 7.80 | -1.46 | |
| Intel Corp. | — | 1.59 | 7.34 | 16.56 | 25.00 | 36.69 | |
| Lam Research Corp. | 17.23 | 20.49 | 21.44 | 17.80 | 12.52 | 17.83 | |
| Micron Technology Inc. | 2.75 | -9.77 | 31.49 | 22.49 | 11.10 | 32.90 | |
| NVIDIA Corp. | 65.29 | 10.19 | 25.61 | 14.40 | 18.89 | 29.23 | |
| Qualcomm Inc. | 12.73 | 9.29 | 22.52 | 14.48 | 8.30 | 10.68 | |
| Texas Instruments Inc. | — | 18.41 | 36.70 | 36.25 | 24.14 | 25.27 | |
| Fixed Charge Coverage, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 8.44 | 14.35 | 12.78 | 10.41 | 13.18 | |
| Fixed Charge Coverage, Industry | |||||||
| Information Technology | — | 11.88 | 14.17 | 13.49 | 10.22 | 10.45 | |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).
1 2024 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 3,555,885 ÷ 365,853 = 9.72
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | KLA Corp. fixed charge coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |