Analog Devices Inc (ADI)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	35,176,300	35,565,100	36,465,300	37,992,500	11,997,900
Debt-to-capital ratio		0.16	0.14	0.15	0.14	0.30

November 2, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $6,634,310K ÷ ($6,634,310K + $35,176,300K)
= 0.16

Analog Devices Inc's debt-to-capital ratio has fluctuated over the past five years, ranging from 0.14 to 0.30. The ratio represents the proportion of total debt to total capital, indicating the company's reliance on debt financing. In 2024, the debt-to-capital ratio stood at 0.16, showing an increase compared to the previous year. This suggests that Analog Devices Inc has slightly higher debt relative to its total capital structure, which could indicate increased leverage and financial risk. However, it is important to note that the ratio is still relatively moderate, indicating a balanced mix of debt and equity in the company's capital structure. The historical trend of the debt-to-capital ratio should be monitored to assess the company's overall financial health and risk management strategies.