Dell Technologies Inc (DELL)
Solvency ratios
| Jan 31, 2025 | Oct 31, 2024 | Aug 2, 2024 | Jul 31, 2024 | May 3, 2024 | Apr 30, 2024 | Feb 2, 2024 | Jan 31, 2024 | Nov 3, 2023 | Oct 31, 2023 | Aug 4, 2023 | Jul 31, 2023 | May 5, 2023 | Apr 30, 2023 | Feb 3, 2023 | Jan 31, 2023 | Oct 31, 2022 | Oct 28, 2022 | Jul 31, 2022 | Jul 29, 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.22 | 0.00 | 0.24 | 0.00 | 0.23 | 0.00 | 0.24 | 0.00 | 0.24 | 0.00 | 0.27 | 0.00 | 0.26 | 0.00 | 0.00 | 0.24 | 0.00 | 0.23 |
| Debt-to-capital ratio | — | — | 1.19 | — | 1.17 | — | 1.14 | — | 1.15 | — | 1.16 | — | 1.15 | — | 1.16 | — | — | 1.20 | — | 1.16 |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Dell Technologies Inc's solvency ratios indicate its ability to meet its financial obligations in the long term. The debt-to-assets ratio shows the proportion of the company's assets financed by debt. Dell's debt-to-assets ratio fluctuated over the analyzed period but generally remained low, indicating a conservative approach to debt management.
The debt-to-capital ratio reflects the company's capital structure and its reliance on debt financing. Dell's debt-to-capital ratio also exhibited variation but tended to be moderate, suggesting a balanced mix of debt and equity in its funding sources. However, there are missing values in the data which may limit a comprehensive assessment.
The debt-to-equity ratio, which compares a company's total debt to its shareholders' equity, was not provided in the data, making it difficult to evaluate Dell's leverage in relation to its equity base.
Overall, Dell Technologies Inc's solvency ratios indicate a prudent approach to managing debt and capital structure, with a focus on maintaining a healthy balance between debt and equity.
Coverage ratios
| Jan 31, 2025 | Oct 31, 2024 | Aug 2, 2024 | Jul 31, 2024 | May 3, 2024 | Apr 30, 2024 | Feb 2, 2024 | Jan 31, 2024 | Nov 3, 2023 | Oct 31, 2023 | Aug 4, 2023 | Jul 31, 2023 | May 5, 2023 | Apr 30, 2023 | Feb 3, 2023 | Jan 31, 2023 | Oct 31, 2022 | Oct 28, 2022 | Jul 31, 2022 | Jul 29, 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 1.97 | 2.29 | 3.13 | 3.38 | 3.61 | 3.99 | 4.23 | 3.89 | 3.68 | 3.31 | 3.05 | 3.14 | 3.07 | 3.72 | 3.80 | 3.70 | 3.66 | 3.48 | 4.14 | 3.40 |
The interest coverage ratio for Dell Technologies Inc has been fluctuating over the analyzed periods. The ratio indicates the company's ability to meet its interest payments on outstanding debt from its operating profits.
From July 29, 2022, to August 2, 2024, the interest coverage ratio ranged between 1.97 and 4.23. Overall, the ratio trended downward, starting at 3.40 in July 2022 and decreasing to 1.97 by January 31, 2025.
A higher interest coverage ratio is generally favorable as it suggests the company is more capable of meeting its interest obligations. A declining ratio over time may indicate increasing financial risk, as a lower ratio implies the company may struggle to cover interest payments with its operating income.
Therefore, Dell Technologies Inc may need to closely monitor its interest coverage ratio and take appropriate measures to ensure it remains at a healthy level to avoid potential financial difficulties related to servicing its debt.