Analog Devices Inc (ADI)

Debt-to-assets ratio

		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	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Long-term debt	US$ in thousands	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	—	—	—	5,192,250	—	—
Total assets	US$ in thousands	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	21,392,600	21,566,600	21,776,300
Debt-to-assets ratio		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	0.24	0.00	0.00

February 3, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,946,670K ÷ $48,388,500K
= 0.12

Analog Devices Inc.'s debt-to-assets ratio has been consistently stable over the past eight quarters, ranging from 0.12 to 0.14. This indicates that the company has maintained a prudent balance between debt and assets in its capital structure. A debt-to-assets ratio of around 0.14 suggests that 14% of the company's assets are financed by debt, while the remaining 86% are funded by equity. This level of debt is relatively low, indicating a lower financial risk and a healthier financial position for the company. The steady ratio over the quarters reflects a conservative approach to managing debt and leveraging assets effectively to generate value for shareholders.