Autodesk Inc (ADSK)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,855,000 | 1,145,000 | 849,000 | 965,000 | -139,000 |
| Debt-to-capital ratio | 0.55 | 0.67 | 0.73 | 0.63 | 1.09 |
January 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,284,000K ÷ ($2,284,000K + $1,855,000K)
= 0.55
The debt-to-capital ratio of Autodesk Inc has decreased from 1.09 in January 2020 to 0.55 in January 2024. This indicates a positive trend towards lower reliance on debt to finance the company's operations and investments. The decrease in the debt-to-capital ratio suggests that Autodesk Inc has been effectively managing its debt levels and improving its overall capital structure over the years. This trend may be seen as a favorable sign by investors and creditors, as it indicates a healthier balance between debt and equity in the company's capital structure.
Peer comparison
Jan 31, 2024