Broadcom Inc (AVGO)
Debt-to-assets ratio
| Feb 4, 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 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 73,590,000 | 33,181,000 | 35,072,000 | 35,573,000 | 35,565,000 | 33,014,000 | 40,958,000 | 40,958,000 | 39,205,000 | 41,235,000 | 40,178,000 | 40,160,000 | 41,068,000 | 40,235,000 | 43,201,000 | 45,044,000 | 42,407,000 | 30,011,000 | 34,028,000 | 34,011,000 |
| Total assets | US$ in thousands | 177,870,000 | 72,861,000 | 71,595,000 | 71,667,000 | 72,976,000 | 73,249,000 | 71,326,000 | 71,719,000 | 73,224,000 | 75,570,000 | 75,880,000 | 75,524,000 | 76,972,000 | 75,933,000 | 79,298,000 | 81,548,000 | 81,006,000 | 67,493,000 | 69,767,000 | 70,916,000 |
| Debt-to-assets ratio | 0.41 | 0.46 | 0.49 | 0.50 | 0.49 | 0.45 | 0.57 | 0.57 | 0.54 | 0.55 | 0.53 | 0.53 | 0.53 | 0.53 | 0.54 | 0.55 | 0.52 | 0.44 | 0.49 | 0.48 |
February 4, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $73,590,000K ÷ $177,870,000K
= 0.41
The debt-to-assets ratio of Broadcom Inc has shown some fluctuations over the past 2 years, ranging from 0.41 to 0.57. A higher ratio indicates a higher proportion of the company's assets are financed by debt.
In the most recent period, Feb 4, 2024, the debt-to-assets ratio stands at 0.41, indicating that 41% of the company's total assets are financed by debt. This suggests that Broadcom Inc relies more on equity financing compared to debt financing for its operations.
Looking at the trend, the ratio has generally decreased from a high of 0.57 in Jul 31, 2022, to the current 0.41. This downward trend indicates that the company may have been actively paying down debt or increasing its asset base during this period.
Overall, a lower debt-to-assets ratio can indicate a lower financial risk as the company has less reliance on debt to fund its operations. However, it's essential to assess other factors such as cash flow, profitability, and overall financial health to get a complete picture of Broadcom Inc's financial position.
Peer comparison
Feb 4, 2024