Agilent Technologies Inc (A)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 11,846,000 | 10,996,000 | 10,856,000 | 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 |
| 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 |
| Financial leverage ratio | 2.01 | 1.86 | 1.75 | 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 |
October 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $11,846,000K ÷ $5,898,000K
= 2.01
The financial leverage ratio of Agilent Technologies Inc has exhibited some fluctuations over the past several quarters, ranging from a low of 1.75 to a high of 2.16. This ratio, which measures the extent of the company's reliance on debt financing versus equity financing, indicates that Agilent has maintained a moderate to high level of leverage during this period.
The trend shows that the financial leverage ratio increased from the beginning of 2020 to mid-2021, reaching a peak of 2.16 in the third quarter of 2021. Subsequently, the ratio declined gradually but remained above 2 until the second quarter of 2022. It then fluctuated around the 2.00 level until the most recent quarter, where it stood at 2.01.
Overall, the financial leverage ratio of Agilent suggests that the company has been effectively managing its capital structure by utilizing a combination of debt and equity to fund its operations and growth strategies. However, investors and analysts may want to closely monitor any further changes in this ratio to assess the company's financial risk and stability.
Peer comparison
Oct 31, 2024