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.