Autodesk Inc (ADSK)

Debt-to-assets ratio

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Long-term debt	US$ in thousands	2,284,000	2,281,000	2,277,900	1,637,200	1,635,100
Total assets	US$ in thousands	9,912,000	9,438,000	8,607,000	7,279,800	6,179,300
Debt-to-assets ratio		0.23	0.24	0.26	0.22	0.26

January 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,284,000K ÷ $9,912,000K
= 0.23

Autodesk Inc's debt-to-assets ratio has ranged from 0.22 to 0.26 over the past five years. The ratio indicates that, on average, approximately 23% to 26% of the company's assets have been financed by debt during this period. The decreasing trend from 0.26 in 2020 to 0.23 in 2024 suggests that the company has been progressively relying less on debt to finance its operations and investments. This may be seen as a positive sign of financial stability and a reduced risk of financial distress, as a lower debt-to-assets ratio indicates a lower level of financial leverage. However, it's important to consider the reasoning behind the changes in the ratio and the overall financial health of Autodesk Inc in conjunction with other financial metrics for a more comprehensive analysis.