ASML Holding N.V. (NASDAQ:ASML) closed at $1,867.31 on October 2, up 3.25% on the day and 78.98% over twelve months. ASML makes the machines that print circuits onto silicon. At the leading edge, it is the only company that makes them. A monopoly is easy to assert and hard to prove. Two figures do it. READ ALSO: NVIDIA (NVDA) vs. Broadcom (AVGO): Which AI Chip Stock Has the Stronger Moat?What is ASML's (ASML) Economic Moat, and is it Widening or Narrowing? The Moat Is Visible in Two Numbers: ASML earns 53.94% on equity while carrying debt-to-equity of 9.09%. Those two readings do not normally appear together. A high return on equity is usually manufactured with borrowing, because leverage shrinks the denominator.
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