Analog Devices Inc (ADI)

Debt-to-equity 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-equity ratio		0.19	0.17	0.18	0.16	0.43

November 2, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,634,310K ÷ $35,176,300K
= 0.19

Analog Devices Inc's debt-to-equity ratio has shown a decreasing trend over the past five years, indicating a favorable financial position in terms of leverage. The ratio decreased from 0.43 in October 2020 to 0.19 in November 2024. This decline suggests that the company has been relying less on debt financing and more on equity financing, which can reduce financial risk. Additionally, a lower debt-to-equity ratio implies that the company may have more financial stability and flexibility to weather economic downturns or invest in growth opportunities. Overall, the decreasing trend in Analog Devices Inc's debt-to-equity ratio reflects a positive financial position in terms of its capital structure and financial health.