Applied Materials Inc (AMAT)
Debt-to-assets ratio
| Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 5,460,000 | — | 5,461,000 | — |
| Total assets | US$ in thousands | 34,409,000 | 34,409,000 | 30,729,000 | 30,729,000 | 26,726,000 |
| Debt-to-assets ratio | 0.00 | 0.16 | 0.00 | 0.18 | 0.00 |
October 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $34,409,000K
= 0.00
Based on the provided data, the debt-to-assets ratio of Applied Materials Inc has shown fluctuations over the past few years. The ratio was 0.00 as of October 31, 2022, indicating that the company had no debt relative to its total assets at that time. However, this changed in the following years, with the ratio increasing to 0.18 as of October 29, 2023, before dropping back to 0.00 on October 31, 2023.
Subsequently, there was another increase, with the ratio reaching 0.16 on October 27, 2024, followed by a decrease to 0.00 on October 31, 2024. Overall, the company's debt-to-assets ratio seems to be relatively low, with periods of no debt or minimal debt compared to its total assets. This indicates that Applied Materials Inc has been managing its debt levels effectively and may have a stable financial position in terms of leverage.
Peer comparison
Oct 31, 2024