Analog Devices Inc (ADI)
Debt-to-equity 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-equity ratio | 0.19 | 0.19 | 0.19 | 0.17 | 0.17 | 0.18 | 0.18 | 0.18 | 0.18 | 0.17 | 0.17 | 0.17 | 0.16 | 0.31 | 0.00 | 0.39 | 0.43 | 0.00 | 0.00 | 0.00 |
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 remained relatively stable around 0.17 to 0.19 over the past two years. This suggests that the company has maintained a conservative capital structure with a moderate level of debt compared to its equity. The lower the debt-to-equity ratio, the lower the financial risk for the company as it indicates that the company is relying more on equity financing rather than debt to finance its operations. However, the ratio showed a slight increase to 0.31 in July 2021 and then a sharp increase to 0.43 in January 2021, which may indicate a temporary increase in debt levels during those periods. It is notable that there were periods, such as May 2021, where the debt-to-equity ratio was at 0.00, which could be due to particular events like debt repayment or fluctuations in equity. Overall, the trend of the debt-to-equity ratio for Analog Devices Inc indicates a generally prudent approach to capital structure management with a focus on maintaining a balance between debt and equity financing.
Peer comparison
Nov 2, 2024