Analog Devices Inc (ADI)
Debt-to-assets ratio
| Nov 2, 2024 | Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,634,310 | 5,902,460 | 6,548,620 | 6,253,210 | 5,145,100 |
| Total assets | US$ in thousands | 48,228,300 | 48,794,500 | 50,302,400 | 52,322,100 | 21,468,600 |
| Debt-to-assets ratio | 0.14 | 0.12 | 0.13 | 0.12 | 0.24 |
November 2, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,634,310K ÷ $48,228,300K
= 0.14
Analog Devices Inc's debt-to-assets ratio has fluctuated over the past five years, ranging from 0.12 to 0.24. The ratio indicates the proportion of the company's assets that are financed by debt.
In 2020, the ratio peaked at 0.24, suggesting that a higher proportion of Analog Devices' assets were funded by debt that year. However, in the following years, the ratio decreased and stabilized around 0.12 to 0.14.
A lower debt-to-assets ratio indicates a lower dependency on debt financing, which can be seen as a positive sign of financial stability and less risk. Analog Devices Inc's trend of decreasing the ratio over the past few years indicates a conservative approach to managing its debt levels and maintaining a healthy balance between debt and assets.
Overall, the company's debt-to-assets ratio demonstrates a relatively conservative financial position, with a decreasing trend indicating prudent debt management strategies.
Peer comparison
Nov 2, 2024