Agilent Technologies Inc (A)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 5,898,000 | 5,845,000 | 5,305,000 | 5,389,000 | 4,873,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.34 | 0.32 |
October 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $5,898,000K)
= 0.00
Over the past five years, Agilent Technologies Inc has maintained a consistently low debt-to-capital ratio, indicating a conservative approach to financing its operations. The ratio has been at 0.00 for the past three years, suggesting that the company has not been relying heavily on debt to fund its capital structure during this period.
In 2021, there was a noticeable increase in the debt-to-capital ratio to 0.34, indicating a higher proportion of debt relative to total capital. However, this was still relatively moderate and well within manageable levels.
Overall, Agilent Technologies Inc's debt-to-capital ratio trend shows a stable and well-managed financial position with a prudent use of debt financing, which may reduce financial risk and provide the company with more flexibility in managing its capital structure.
Peer comparison
Oct 31, 2024