Analog Devices Inc (ADI)

Financial leverage 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
Total assets	US$ in thousands	48,228,300	48,618,400	48,861,900	48,388,500	48,794,500	49,346,700	49,544,700	50,234,500	50,302,400	50,346,200	50,800,700	51,215,600	52,322,100	21,641,200	21,588,200	21,440,100	21,468,600	21,599,600	21,350,900	21,376,800
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
Financial leverage ratio		1.37	1.38	1.39	1.36	1.37	1.37	1.38	1.38	1.38	1.37	1.37	1.37	1.38	1.76	1.77	1.77	1.79	1.83	1.84	1.83

November 2, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $48,228,300K ÷ $35,176,300K
= 1.37

The financial leverage ratio of Analog Devices Inc has remained relatively stable around the range of 1.37 to 1.39 in the recent quarters, indicating that the company has been utilizing a moderate level of leverage to finance its operations and growth. However, there was a notable increase in the financial leverage ratio from 1.37 in January 2021 to 1.77 in May 2021, suggesting a significant increase in the company's reliance on debt during that period. Subsequently, the ratio fluctuated around 1.38 to 1.39 in the following quarters, implying a somewhat consistent level of leverage. The higher financial leverage ratios seen in 2021 and 2020 (ranging from 1.76 to 1.84) may indicate increased financial risk and potential vulnerability to economic downturns or adverse business conditions. Further monitoring of the company's leverage management and debt levels would be advisable to ensure financial stability.