Analog Devices Inc (ADI)

Debt-to-assets ratio

		Nov 2, 2024	Aug 3, 2024	May 4, 2024	Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020
Long-term debt	US$ in thousands	6,634,310	6,655,720	6,611,680	5,946,670	5,902,460	6,437,650	6,475,650	6,543,250	6,548,620	6,252,840	6,253,220	6,253,580	6,253,210	3,824,820	—	4,747,350	5,145,100	—	—	—
Total assets	US$ in thousands	48,228,300	48,618,400	48,861,900	48,388,500	48,794,500	49,346,700	49,544,700	50,234,500	50,302,400	50,346,200	50,800,700	51,215,600	52,322,100	21,641,200	21,588,200	21,440,100	21,468,600	21,599,600	21,350,900	21,376,800
Debt-to-assets ratio		0.14	0.14	0.14	0.12	0.12	0.13	0.13	0.13	0.13	0.12	0.12	0.12	0.12	0.18	0.00	0.22	0.24	0.00	0.00	0.00

November 2, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,634,310K ÷ $48,228,300K
= 0.14

The debt-to-assets ratio for Analog Devices Inc has been relatively stable over the past few quarters, averaging around 0.13 to 0.14. This indicates that the company has been maintaining a healthy balance between debt and assets on its balance sheet. However, there was a slight increase in the ratio in the most recent quarter to 0.14, which may suggest a slightly higher level of debt relative to assets.

It is worth noting that there were some outliers in the data, such as the ratios of 0.18, 0.22, and 0.24 in previous quarters. These higher ratios could indicate periods where the company had taken on more debt compared to its assets, possibly for strategic reasons like funding expansion or acquisitions.

Overall, the debt-to-assets ratio analysis suggests that Analog Devices Inc has been managing its debt levels prudently, but investors and stakeholders should continue to monitor any significant changes in this ratio to assess the company's financial health and risk profile.