Agilent Technologies Inc (A)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.26 | 0.26 | 0.25 | 0.26 | 0.26 | 0.23 | 0.24 | 0.24 | 0.19 | 0.19 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 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 |
| 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 |
| 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 |
Agilent Technologies Inc has shown a consistently low level of debt relative to its assets, capital, and equity over the past several quarters, as evident from the debt-to-assets, debt-to-capital, and debt-to-equity ratios all being at 0.00. This indicates that the company has not relied heavily on borrowed funds to finance its operations and investment activities.
However, the financial leverage ratio has fluctuated over the period analyzed, ranging from 1.75 to 2.16. This suggests that the company's reliance on debt to finance its assets has varied, with a peak in financial leverage in some quarters. It is important to note that a higher financial leverage ratio indicates a higher proportion of debt in the company's capital structure, which may pose higher risks during economic downturns.
Overall, Agilent Technologies Inc's solvency ratios demonstrate a strong financial position and a conservative approach to leverage, which may provide stability and resilience in challenging economic environments.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 16.84 | 18.91 | 16.10 | 15.48 | 15.09 | 15.31 | 19.01 | 19.12 | 18.90 | 19.26 | 17.99 | 17.47 | 17.79 | 16.13 | 15.12 | 13.14 | 11.79 | 10.85 | 11.01 | 12.68 |
Agilent Technologies Inc has demonstrated solid interest coverage ratios over the past few years, indicating the company's ability to comfortably meet its interest obligations. The interest coverage ratio has consistently remained above 10, reflecting a healthy financial position. The company's interest coverage ratio peaked at around 19 in several periods, suggesting a strong ability to generate earnings relative to its interest expenses. Despite some fluctuations, the trend shows a generally stable and robust interest coverage performance, providing a positive indication of Agilent's financial health and capacity to manage its debt obligations.