Analog Devices Inc (ADI)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	35,176,300	35,190,100	35,248,800	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
Debt-to-capital ratio		0.16	0.16	0.16	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

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

The debt-to-capital ratio of Analog Devices Inc has remained relatively stable around 0.14 to 0.16 for most of the recent quarters, indicating that the company maintains a conservative level of debt in relation to its total capital. However, there are a few outliers such as in May 2021 where the ratio spiked to 0.24, suggesting a temporary increase in debt compared to total capital. The ratios of 0.00 recorded in a few quarters could be due to variations in the financial structure or specific events that impacted the company's debt levels. Overall, the trend indicates prudent management of debt by Analog Devices Inc with a focus on maintaining a healthy balance between debt and equity in its capital structure.