Autodesk Inc (ADSK)
Debt-to-equity 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-equity ratio | 1.23 | 1.99 | 2.68 | 1.70 | — |
January 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,284,000K ÷ $1,855,000K
= 1.23
Autodesk Inc's debt-to-equity ratio has shown a decreasing trend over the past five years, indicating a significant improvement in its financial leverage. The ratio decreased from 2.68 in January 2022 to 1.23 in January 2024, signaling a reduction in the company's reliance on debt financing relative to equity. This improvement suggests that Autodesk has been effectively managing its debt levels or increasing its equity base, which can enhance the company's financial stability and reduce its financial risk. The declining trend in the debt-to-equity ratio reflects positively on Autodesk's financial health and its ability to meet its financial obligations with a more conservative capital structure.
Peer comparison
Jan 31, 2024