Agilent Technologies Inc (A)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.53 | 0.53 | 0.51 | 0.55 | 0.57 | 0.45 | 0.47 | 0.46 | 0.38 | 0.37 | 0.38 | 0.27 | 0.35 |
January 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,188,000K
= 0.00
The debt-to-equity ratio of Agilent Technologies Inc. has shown a decreasing trend over the past few quarters, indicating a decreasing reliance on debt to finance its operations compared to equity. In Q1 2024, the ratio stood at 0.41, which is lower than the ratios reported in the previous quarters. This suggests that the company has been gradually reducing its debt levels relative to its equity position, which can be a positive indicator of financial stability and risk management.
Despite the slight fluctuations, the overall trend is favorable, showing a consistent effort by Agilent Technologies Inc. to manage its debt levels responsibly. A lower debt-to-equity ratio generally signals a lower financial risk and a healthier balance sheet, as the company is less dependent on borrowing to fund its operations. Investors and creditors often view a decreasing trend in this ratio positively, as it indicates a more conservative financial structure and better capacity to weather economic uncertainties.
It is important for Agilent Technologies Inc. to maintain a balanced debt-to-equity ratio that aligns with its business strategy and financial objectives. By keeping debt levels in check and optimizing the capital structure, the company can enhance its financial flexibility and sustainability in the long run. Analyzing this ratio over multiple quarters provides valuable insights into the company's financial management practices and its ability to adapt to changing market conditions.
Peer comparison
Jan 31, 2024