Agilent Technologies Inc (A)
Solvency ratios
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.25 | 0.24 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.34 | 0.32 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.51 | 0.47 |
| Financial leverage ratio | 2.01 | 1.84 | 1.99 | 1.99 | 1.98 |
Agilent Technologies Inc has consistently shown very low debt levels in recent years, as indicated by its debt-to-assets, debt-to-capital, and debt-to-equity ratios all being at 0.00. This demonstrates that the company primarily funds its operations through equity rather than debt.
The financial leverage ratio, which measures the proportion of a company's assets that are financed with debt versus equity, has remained relatively stable over the years, ranging from 1.84 to 2.01. This indicates that Agilent Technologies has maintained a conservative financial structure with a moderate level of financial leverage.
Overall, Agilent Technologies Inc's solvency ratios suggest a strong financial position with low debt levels and a conservative approach to capital structure, which may provide the company with financial stability and resilience in uncertain economic conditions.
Coverage ratios
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 16.84 | 15.09 | 18.90 | 17.79 | 11.79 |
Interest coverage is a key financial ratio that reflects a company's ability to meet its interest obligations on outstanding debt. Agilent Technologies Inc has maintained a strong interest coverage ratio over the past five years, indicating a healthy ability to cover its interest payments with operating income.
The trend in Agilent's interest coverage ratio shows a consistent level of coverage, with the ratio fluctuating between 11.79 and 18.90. This stability suggests that Agilent has been able to generate sufficient earnings to comfortably cover its interest expenses over the years.
In particular, the interest coverage ratio for the most recent year ending October 31, 2024, stands at 16.84, which indicates that Agilent's operating income is significantly higher than its interest expenses, providing a comfortable buffer for the company.
Overall, Agilent Technologies Inc's interest coverage ratio reflects a strong financial position and indicates the company's ability to manage its debt servicing obligations effectively.