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.