Dell Technologies Inc (DELL)
Debt-to-assets ratio
| Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 17,811,000 | 19,382,000 | 19,012,000 | 20,119,000 | 20,177,000 | 22,962,000 | 23,015,000 | 20,562,000 | 20,287,000 | 21,197,000 | 21,131,000 | 31,699,000 | 37,167,000 | 37,935,000 | 32,865,000 | 43,325,000 | 43,608,000 | 48,353,000 | 44,319,000 | 44,727,000 |
| Total assets | US$ in thousands | 82,687,000 | 80,190,000 | 82,089,000 | 83,264,000 | 85,658,000 | 84,094,000 | 89,611,000 | 85,172,000 | 88,775,000 | 88,406,000 | 92,735,000 | 135,677,000 | 122,678,000 | 121,752,000 | 123,415,000 | 118,948,000 | 121,276,000 | 120,236,000 | 118,861,000 | 116,814,000 |
| Debt-to-assets ratio | 0.22 | 0.24 | 0.23 | 0.24 | 0.24 | 0.27 | 0.26 | 0.24 | 0.23 | 0.24 | 0.23 | 0.23 | 0.30 | 0.31 | 0.27 | 0.36 | 0.36 | 0.40 | 0.37 | 0.38 |
August 2, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $17,811,000K ÷ $82,687,000K
= 0.22
The debt-to-assets ratio of Dell Technologies Inc has shown some fluctuations over the latest available periods. The ratio ranges from 0.22 to 0.40, indicating that Dell has maintained a relatively conservative level of debt compared to its total assets.
The lower ratios (0.22 to 0.23) suggest that Dell has a smaller proportion of debt relative to its total assets during those periods. This could imply a stronger financial position with lower financial risk, as the company relies less on debt financing.
Conversely, the higher ratios (0.30 to 0.40) indicate that Dell has increased its proportion of debt relative to assets during those periods. This could suggest that Dell may be leveraging more debt to fund its operations or expansion, which could potentially increase its financial risk.
Overall, Dell's debt-to-assets ratio indicates a prudent approach to managing its debt levels, balancing the benefits of debt financing with the associated risks. Further analysis would be needed to understand the reasons behind the fluctuations in the ratios and their implications for Dell's financial health and future performance.
Peer comparison
Aug 2, 2024