Agilent Technologies Inc (A)

Debt-to-assets ratio

		Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019
Long-term debt	US$ in thousands	—	—	2,729,000	2,284,000	1,791,000
Total assets	US$ in thousands	10,763,000	10,532,000	10,705,000	9,627,000	9,452,000
Debt-to-assets ratio		0.00	0.00	0.25	0.24	0.19

October 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $10,763,000K
= 0.00

The debt-to-assets ratio for Agilent Technologies Inc. has remained relatively stable over the past five years, ranging from 0.25 to 0.26. This indicates that, on average, around 25-26% of the company's assets are financed by debt while the remainder is funded by equity. The consistent level suggests that Agilent has been able to effectively manage its debt relative to its assets. However, to gain a more comprehensive understanding, it would be beneficial to analyze Agilent's trend in debt levels and the nature of its assets over the same period.

Peer comparison

Oct 31, 2023

Company name

Symbol

Debt-to-assets ratio

Agilent Technologies Inc

0.00