Agilent Technologies Inc (A)
Debt-to-assets ratio
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total assets | US$ in thousands | 11,846,000 | 10,996,000 | 10,856,000 | 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 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 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 |
October 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $11,846,000K
= 0.00
The debt-to-assets ratio for Agilent Technologies Inc has shown a consistent trend of 0.00 for the fiscal year 2024 until July, indicating that the company has not taken on any debt relative to its total assets in that period. However, a significant increase in the ratio to 0.26 was observed in the April 2022 quarter, which has been maintained throughout the following quarters until January 2023. This suggests that Agilent Technologies Inc started using debt to finance its operations or investments during that period.
The ratio decreased slightly to around 0.23 to 0.24 between January 2023 and January 2024, indicating a slight reduction in debt relative to assets. For the latest available data, the ratio stood at 0.19 as of October 2020 and has remained relatively stable at that level for the last four quarters. This indicates that Agilent Technologies Inc has maintained a conservative approach towards debt utilization and has a strong asset base to support its operations.
Peer comparison
Oct 31, 2024