Autodesk Inc (ADSK)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	2,161,000	1,855,000	1,482,000	1,206,000	897,000	1,145,000	906,000	740,000	681,000	849,000	1,280,000	1,328,000	1,128,000	965,000	69,300	67,300	-139,100	-139,000	-171,500	-194,300
Debt-to-capital ratio		0.51	0.55	0.61	0.65	0.72	0.67	0.72	0.75	0.77	0.73	0.67	0.55	0.59	0.63	0.96	0.96	1.09	1.09	1.15	1.16

April 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,285,000K ÷ ($2,285,000K + $2,161,000K)
= 0.51

The debt-to-capital ratio of Autodesk Inc has fluctuated over the past few years, indicating changes in the company's capital structure and leverage position. The ratio was relatively stable around the 0.5 to 0.7 range from October 2019 to October 2022. However, there was a noticeable increase in the ratio from July 2022 to July 2023, reaching as high as 0.77. This suggests a higher proportion of debt relative to total capital during that period.

Subsequently, there was a slight decrease in the debt-to-capital ratio from July 2023 to April 2024, indicating some reduction in leverage. Overall, the trend in the ratio shows fluctuations within a certain range, with some periods of higher leverage and others with lower leverage.

Analyzing the debt-to-capital ratio can provide insights into Autodesk Inc's financial risk, capital structure decisions, and potential impacts on profitability and solvency. Further analysis and comparison with industry benchmarks or peer companies may provide additional context for a more comprehensive evaluation.