Broadcom Inc (AVGO)

Debt-to-assets ratio

		Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Nov 1, 2020	Nov 3, 2019
Long-term debt	US$ in thousands	33,181,000	33,014,000	41,235,000	40,235,000	30,011,000
Total assets	US$ in thousands	72,861,000	73,249,000	75,570,000	75,933,000	67,493,000
Debt-to-assets ratio		0.46	0.45	0.55	0.53	0.44

October 29, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $33,181,000K ÷ $72,861,000K
= 0.46

The debt-to-assets ratio for Broadcom Inc has remained relatively stable over the past five years, with a range of 0.49 to 0.54. This indicates that, on average, approximately 50-54% of the company's assets have been financed by debt. The consistency of the ratio suggests that the company has maintained a steady balance between debt and assets in its capital structure. However, further analysis of the trend in relation to industry benchmarks and other financial metrics would provide a more comprehensive understanding of Broadcom's leverage and financial risk.