Agilent Technologies Inc (A)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 5,898,000 | 5,903,000 | 6,214,000 | 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 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 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 |
October 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $5,898,000K
= 0.00
The debt-to-equity ratio for Agilent Technologies Inc has shown a consistent downward trend over the past few quarters, indicating that the company has been reducing its reliance on debt to finance its operations in favor of using more equity. This trend is generally viewed positively by investors as it suggests a stronger financial position and lower financial risk.
Between January 2020 and April 2022, the debt-to-equity ratio hovered around 0.50, indicating a relatively balanced mix of debt and equity in the company's capital structure. Since then, there has been a notable decline in the ratio, with it reaching 0.00 in the most recent quarter ending in October 2024.
This sharp decline in the debt-to-equity ratio could potentially signal that Agilent Technologies Inc has significantly reduced its debt levels or increased its equity base. Investors may view this as a positive development as a lower debt-to-equity ratio generally indicates a lower risk of financial distress and a healthier balance sheet.
Overall, based on the trend in the debt-to-equity ratio, it appears that Agilent Technologies Inc has made efforts to strengthen its financial position by reducing its debt levels relative to equity, which may bode well for the company's long-term financial stability and growth prospects.
Peer comparison
Oct 31, 2024