Agilent Technologies Inc (A)
Debt-to-assets ratio
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | 2,730,000 | 2,730,000 | 2,729,000 | 2,728,000 | 2,727,000 | 2,185,000 | 2,284,000 | 2,283,000 | 1,788,000 | 1,787,000 | 1,791,000 | 1,294,000 | 1,798,000 |
| Total assets | US$ in thousands | 10,948,000 | 10,763,000 | 10,675,000 | 10,792,000 | 10,919,000 | 10,532,000 | 10,484,000 | 10,455,000 | 10,327,000 | 10,705,000 | 10,491,000 | 10,398,000 | 9,674,000 | 9,627,000 | 9,546,000 | 9,455,000 | 9,501,000 | 9,452,000 | 8,625,000 | 9,022,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.26 | 0.26 | 0.25 | 0.26 | 0.26 | 0.23 | 0.24 | 0.24 | 0.19 | 0.19 | 0.19 | 0.15 | 0.20 |
January 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $10,948,000K
= 0.00
The debt-to-assets ratio of Agilent Technologies Inc. has exhibited a relatively stable trend over the past 8 quarters. The ratio has ranged between 0.23 and 0.28 during this period, indicating that Agilent Technologies Inc. has maintained a prudent level of debt relative to its total assets.
The slight fluctuations in the ratio from quarter to quarter suggest that the company's level of debt has remained relatively consistent in relation to its asset base. The ratio peaked at 0.28 in Q3 2022 and Q2 2022, indicating a higher proportion of debt relative to assets during those periods. Conversely, the ratio reached its lowest point of 0.23 in Q1 2024, which suggests a lower level of debt relative to assets at that time.
Overall, Agilent Technologies Inc. appears to have managed its debt levels effectively, maintaining a balance between debt and assets that indicates financial stability and sound capital structure management.
Peer comparison
Jan 31, 2024