Applied Materials Inc (AMAT)

Debt-to-assets ratio

		Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Oct 25, 2020	Jul 26, 2020	Apr 26, 2020	Jan 26, 2020	Oct 27, 2019	Jul 28, 2019	Apr 28, 2019
Long-term debt	US$ in thousands	5,462,000	5,461,000	5,460,000	5,459,000	5,458,000	5,457,000	5,456,000	5,455,000	5,454,000	5,452,000	5,451,000	5,450,000	5,449,000	5,448,000	5,447,000	6,215,000	4,714,000	4,713,000	5,312,000	5,311,000
Total assets	US$ in thousands	31,540,000	30,729,000	30,410,000	29,092,000	27,959,000	26,726,000	26,161,000	25,459,000	25,428,000	25,825,000	24,479,000	24,085,000	23,305,000	22,353,000	21,171,000	21,815,000	19,767,000	19,024,000	18,805,000	18,775,000
Debt-to-assets ratio		0.17	0.18	0.18	0.19	0.20	0.20	0.21	0.21	0.21	0.21	0.22	0.23	0.23	0.24	0.26	0.28	0.24	0.25	0.28	0.28

January 28, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,462,000K ÷ $31,540,000K
= 0.17

The debt-to-assets ratio of Applied Materials Inc. has been relatively stable over the past eight quarters, ranging from 0.18 to 0.21. This ratio indicates the proportion of the company's assets financed by debt, with lower values suggesting lower financial risk and less dependence on borrowing to fund its operations. Applied Materials Inc.'s consistent debt-to-assets ratio around 0.20 reflects a prudent balance between debt and assets, indicating a healthy financial position with a moderate level of leverage. The slight fluctuations within this range are normal and may be influenced by various factors such as changes in borrowing levels, asset values, or overall business performance. Overall, the company's stable debt-to-assets ratio suggests a sound capital structure and effective management of its financial obligations.