Analog Devices Inc (ADI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 35,548,100 | 35,565,100 | 35,903,700 | 36,013,200 | 36,531,500 | 36,465,300 | 36,638,600 | 37,099,800 | 37,427,300 | 37,992,500 | 12,264,000 | 12,167,100 | 12,087,700 | 11,997,900 | 11,777,600 | 11,590,900 | 11,689,500 | 11,709,200 | 11,790,200 | 11,742,300 |
| Debt-to-capital ratio | 0.14 | 0.14 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.14 | 0.14 | 0.14 | 0.24 | 0.00 | 0.28 | 0.30 | 0.00 | 0.00 | 0.00 | 0.31 | 0.00 | 0.00 |
February 3, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $5,946,670K ÷ ($5,946,670K + $35,548,100K)
= 0.14
Analog Devices Inc.'s debt-to-capital ratio has remained relatively stable over the past eight quarters, ranging from 0.14 to 0.16. This indicates that the company's reliance on debt to finance its operations and growth initiatives is moderate, with a significant portion of its capital structure being funded by equity. The consistent level of the debt-to-capital ratio suggests that Analog Devices has maintained a balanced approach to managing its capital structure.
A ratio of around 0.15 to 0.16 signifies that Analog Devices has a conservative level of debt relative to its overall capital, which may be viewed positively by investors and creditors. It indicates that the company is not overly leveraged and has a lower risk of financial distress due to excessive debt obligations.
Overall, the stability of Analog Devices Inc.'s debt-to-capital ratio over the analyzed period suggests prudent financial management and a sustainable capital structure that supports the company's operations and growth objectives.
Peer comparison
Feb 3, 2024