Agilent Technologies Inc (A)
Debt-to-assets ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 2,729,000 | 2,284,000 |
| Total assets | US$ in thousands | 11,846,000 | 10,763,000 | 10,532,000 | 10,705,000 | 9,627,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.25 | 0.24 |
October 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $11,846,000K
= 0.00
Agilent Technologies Inc's debt-to-assets ratio has remained at 0.00 for the past three years (2022, 2023, 2024), indicating that the company has no debt in relation to its total assets during this period. In comparison, the ratios for 2020 and 2021 were 0.25 and 0.24, respectively, suggesting that the company had a moderate level of debt relative to its assets in those years. The decreasing trend in the debt-to-assets ratio over the years may indicate that Agilent Technologies Inc has been reducing its debt levels or increasing its asset base, reflecting a stronger financial position and potentially lower financial risk. A lower debt-to-assets ratio generally indicates a lower risk of insolvency and greater financial stability.
Peer comparison
Oct 31, 2024