Analog Devices Inc (ADI)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.14 | 0.14 | 0.14 | 0.12 | 0.12 | 0.13 | 0.13 | 0.13 | 0.13 | 0.12 | 0.12 | 0.12 | 0.12 | 0.18 | 0.00 | 0.22 | 0.24 | 0.00 | 0.00 | 0.00 |
| 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 |
| 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 |
| 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 |
Analog Devices Inc's solvency ratios demonstrate a consistent and relatively healthy financial position over the recent periods. The debt-to-assets ratio has remained relatively stable around 0.12 to 0.14, indicating that the company is utilizing a moderate level of debt to finance its assets. The debt-to-capital ratio and debt-to-equity ratio also show a similar trend, staying within the range of 0.14 to 0.16 and 0.17 to 0.19, respectively. These ratios suggest that Analog Devices has a conservative capital structure with a moderate level of leverage.
The financial leverage ratio, which measures the company's total debt relative to its equity, has also been relatively consistent between 1.36 to 1.39. While there has been a slight increase in the financial leverage ratio over the periods, it remains at a reasonable level, indicating that Analog Devices is effectively utilizing debt to support its operations without overly relying on leverage.
Overall, based on the solvency ratios, Analog Devices Inc appears to have a sound financial position with a conservative level of debt and a stable capital structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 6.37 | 6.84 | 8.74 | 11.83 | 14.63 | 17.96 | 19.23 | 19.42 | 16.46 | 10.14 | 9.06 | 7.26 | 8.19 | 11.64 | 10.46 | 9.14 | 7.79 | 7.05 | 6.72 | 6.99 |
Analog Devices Inc's interest coverage ratio has shown a fluctuating trend over the past years, ranging from a low of 6.37 to a high of 19.42. The interest coverage ratio, which measures the company's ability to pay interest expenses on its outstanding debt, has generally been at healthy levels above 1. A higher ratio indicates a stronger ability to cover interest payments using operating income.
The interest coverage ratio improved significantly from early 2020 to mid-2021, reaching its peak at 19.42 in April 2023. This suggests that Analog Devices Inc's earnings were more than sufficient to cover its interest expenses during that period. However, the ratio declined slightly in the most recent data points, which may warrant further monitoring to ensure the company's ability to meet its interest obligations remains stable.
Overall, the trend in Analog Devices Inc's interest coverage ratio indicates a generally healthy financial condition in terms of its ability to service its debt obligations with its operating income.