Agilent Technologies Inc (A)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 9,452,000 | 8,625,000 | 9,022,000 |
| 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 |
| Financial leverage ratio | 1.77 | 1.84 | 1.92 | 1.87 | 1.95 | 1.99 | 2.06 | 2.04 | 2.00 | 1.99 | 2.12 | 2.16 | 2.01 | 1.98 | 1.92 | 1.98 | 1.96 | 1.99 | 1.82 | 1.76 |
January 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $10,948,000K ÷ $6,188,000K
= 1.77
The financial leverage ratio of Agilent Technologies Inc. has been fluctuating over the past eight quarters. The ratio decreased from 1.95 in Q1 2023 to 1.77 in Q1 2024, indicating a decrease in the company's reliance on debt to finance its operations. However, the ratio had been steadily increasing prior to this decline, reaching its highest point of 2.06 in Q3 2022.
A financial leverage ratio above 1 indicates that the company has more debt than equity in its capital structure. The downward trend in the ratio from Q1 2023 to Q1 2024 suggests that Agilent Technologies Inc. may have been reducing its debt levels relative to its equity over this period. This could potentially be a positive sign for the company's financial health and risk management, as lower leverage ratios generally indicate lower financial risk.
It is important to monitor Agilent Technologies Inc.'s financial leverage ratio in future periods to assess the company's ongoing debt management and capital structure decisions. The downward trend observed in the latter quarters may signal a strategic shift towards a more conservative approach to debt utilization.
Peer comparison
Jan 31, 2024