Agilent Technologies Inc (A)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 6,188,000 | 5,845,000 | 5,558,000 | 5,781,000 | 5,609,000 | 5,305,000 | 5,091,000 | 5,122,000 | 5,154,000 | 5,389,000 | 4,946,000 | 4,810,000 | 4,804,000 | 4,873,000 | 4,981,000 | 4,768,000 | 4,848,000 | 4,748,000 | 4,747,000 | 5,125,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.35 | 0.35 | 0.34 | 0.36 | 0.36 | 0.31 | 0.32 | 0.31 | 0.27 | 0.27 | 0.27 | 0.21 | 0.26 |
January 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $6,188,000K)
= 0.00
The debt-to-capital ratio for Agilent Technologies Inc. has exhibited a slight decline in the most recent quarter ended Q1 2024 compared to the previous quarter. The ratio decreased from 0.32 in Q4 2023 to 0.29 in Q1 2024, indicating a lower level of debt relative to the company's total capital structure.
Looking at the trend over the past eight quarters, the debt-to-capital ratio has shown some variability but generally remained within a relatively narrow range between 0.29 and 0.36. This suggests that Agilent has maintained a stable debt-to-capital structure over this period.
A debt-to-capital ratio below 0.50 typically indicates that a company has a lower level of debt in relation to its total capital, which can be viewed positively as it signals a lower financial risk. Agilent's consistent ratios within this range indicate a prudent approach to managing its capital structure and debt levels.
Overall, based on the data provided, Agilent Technologies Inc. appears to have a relatively healthy debt-to-capital ratio, suggesting a balanced mix of debt and equity financing in its capital structure.
Peer comparison
Jan 31, 2024