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VECO (Veeco Instruments) Financial Strength : 7 (As of Mar. 2025)


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What is Veeco Instruments Financial Strength?

Veeco Instruments has the Financial Strength Rank of 7.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Veeco Instruments's Interest Coverage for the quarter that ended in Mar. 2025 was 5.65. Veeco Instruments's debt to revenue ratio for the quarter that ended in Mar. 2025 was 0.43. As of today, Veeco Instruments's Altman Z-Score is 2.42.


Competitive Comparison of Veeco Instruments's Financial Strength

For the Semiconductor Equipment & Materials subindustry, Veeco Instruments's Financial Strength, along with its competitors' market caps and Financial Strength 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.


Veeco Instruments's Financial Strength Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Veeco Instruments's Financial Strength distribution charts can be found below:

* The bar in red indicates where Veeco Instruments's Financial Strength falls into.


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Veeco Instruments Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Veeco Instruments's Interest Expense for the months ended in Mar. 2025 was $-2.5 Mil. Its Operating Income for the months ended in Mar. 2025 was $14.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was $283.6 Mil.

Veeco Instruments's Interest Coverage for the quarter that ended in Mar. 2025 is

Interest Coverage=-1*Operating Income (Q: Mar. 2025 )/Interest Expense (Q: Mar. 2025 )
=-1*14.148/-2.506
=5.65

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Veeco Instruments's Debt to Revenue Ratio for the quarter that ended in Mar. 2025 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2025 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(3.814 + 283.649) / 669.168
=0.43

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Veeco Instruments has a Z-score of 2.42, indicating it is in Grey Zones. This implies that Veeco Instruments is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.

Warning Sign:

Altman Z-score of 2.42 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

* 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.


Veeco Instruments  (NAS:VECO) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Veeco Instruments has the Financial Strength Rank of 7.


Veeco Instruments Financial Strength Related Terms

Thank you for viewing the detailed overview of Veeco Instruments's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Veeco Instruments Business Description

Traded in Other Exchanges
Address
Terminal Drive, Plainview, NY, USA, 11803
Veeco Instruments Inc is a United States-based company engaged in designing, developing, and manufacturing thin-film process equipment, mainly used for producing electronic devices. The company focuses on semiconductor process equipment that addresses a range of challenging materials engineering problems for our customers. Its products include Laser Processing Systems, Lithography Systems, Ion Beam Systems, SiC CVD Systems, MOCVD Systems, Wet Processing Systems, MBE Technologies, Atomic Layer Deposition Systems, Physical Vapor Deposition Systems, Dicing and Lapping Systems, as well as Gas & Vapor Delivery Systems. The majority of the company's revenue is generated from sales to the Semiconductor Industry and within China.
Executives
John P Kiernan officer: VP Finance & Corp. Controller C/O VEECO INSTRUMENTS INC, TERMINAL DRIVE, PLAINVIEW NY 11803
Dennis Thomas St director C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
William John Miller director, officer: CEO C/O VEECO INSTRUMENTS INC., 1 TERMINAL DRIVE, PLAINVIEW NY 11803
Adrian Devasahayam officer: SVP - Product Line Development C/O VEECO INSTRUMENTS, 1 TERMINAL DRIVE, PLAINVIEW NY 11803
Susan Wilkerson officer: SVP, Global Sales & Service C/O VEECO INSTRUMENTS INC., PLAINVIEW NY 11803
Mary Jane Raymond director C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Lena Nicolaides director 1250 RELIANCE WAY, FREMONT CA 94539
Peter J Simone director 17075 THORNMINT COURT, SANDIGO CA 92127
Sujeet Chand director ROCKWELL AUTOMATION, INC., 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204
Peter Porshnev officer: SVP, Unified Engineering C/O VEECO INSTRUMENTS INC., 1 TERMINAL DRIVE, PLAINVIEW NY 11803
Shubham Maheshwari officer: EVP, CFO & COO C/O VEECO INSTRUMENTS INC., 1 TERMINAL DRIVE, PLAINVIEW NY 11803
John R Peeler officer: CEO DYNATECH CORP, 3 NEW ENGLAND EXECUTIVE PARK, BURLINGTON MA 01803
Kathleen A Bayless director 1251 MCKAY DRIVE, SAN JOSE CA 95131
Roger D Mcdaniel director C/O ENTEGRIS INC, 3500 LYMAN BOULEVARD, CHASKA MN 55318
Susan Wang director 40919 ENCYCLOPEDIA CIRCLE, FREMONT CA 94538