Autodesk Inc (ADSK)

Debt-to-assets ratio

		Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019
Long-term debt	US$ in thousands	2,285,000	2,284,000	2,283,000	2,282,000	2,282,000	2,281,000	2,280,000	2,279,000	2,279,000	2,277,900	2,626,800	1,638,400	1,637,900	1,637,200	1,636,600	1,636,100	1,635,600	1,635,100	1,290,300	1,389,800
Total assets	US$ in thousands	9,830,000	9,912,000	9,226,000	9,107,000	9,069,000	9,438,000	8,635,000	8,227,000	8,261,000	8,607,000	8,531,000	7,420,600	7,298,300	7,279,800	5,944,500	5,747,300	5,543,900	6,179,300	5,036,600	4,872,700
Debt-to-assets ratio		0.23	0.23	0.25	0.25	0.25	0.24	0.26	0.28	0.28	0.26	0.31	0.22	0.22	0.22	0.28	0.28	0.30	0.26	0.26	0.29

April 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,285,000K ÷ $9,830,000K
= 0.23

Autodesk Inc's debt-to-assets ratio has shown some fluctuations over the past several quarters. The ratio ranged between 0.22 to 0.31 during the period from October 2019 to April 2024. It appeared to peak at 0.31 in October 2021 and reached its lowest point at 0.22 in January 2021, January 2022, and April 2021. This indicates that the company has been able to maintain a relatively stable level of debt relative to its total assets, with the ratio hovering around 0.25 in recent quarters. However, a slight upward trend can be observed in the most recent quarters, as the ratio increased from 0.23 in January 2024 to 0.25 in April 2024. This suggests that the company may have taken on slightly more debt relative to its assets in the latest period. It is essential for investors and analysts to monitor this ratio closely to assess the company's financial leverage and risk levels effectively.