Onto Innovation Balance Sheet Health
Financial Health criteria checks 6/6
Onto Innovation has a total shareholder equity of $1.8B and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $2.0B and $171.8M respectively. Onto Innovation's EBIT is $126.5M making its interest coverage ratio -5.2. It has cash and short-term investments of $740.9M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | -5.2x |
Cash | US$740.93m |
Equity | US$1.78b |
Total liabilities | US$171.82m |
Total assets | US$1.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ONTO *'s short term assets ($1.3B) exceed its short term liabilities ($147.1M).
Long Term Liabilities: ONTO *'s short term assets ($1.3B) exceed its long term liabilities ($24.8M).
Debt to Equity History and Analysis
Debt Level: ONTO * is debt free.
Reducing Debt: ONTO * has no debt compared to 5 years ago when its debt to equity ratio was 4.1%.
Debt Coverage: ONTO * has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ONTO * has no debt, therefore coverage of interest payments is not a concern.