Keysight Technologies Inc (KEYS)
Debt-to-assets ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,790,000 | 1,195,000 | 1,793,000 | 1,791,000 | 1,789,000 |
| Total assets | US$ in thousands | 9,269,000 | 8,683,000 | 8,098,000 | 7,781,000 | 7,218,000 |
| Debt-to-assets ratio | 0.19 | 0.14 | 0.22 | 0.23 | 0.25 |
October 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,790,000K ÷ $9,269,000K
= 0.19
The debt-to-assets ratio of Keysight Technologies Inc has fluctuated over the past five years. The ratio indicates the proportion of the company's assets that are financed through debt. In 2024, the debt-to-assets ratio was 0.19, which indicates that 19% of the company's assets were financed by debt. This ratio has increased from the previous year's ratio of 0.14, where only 14% of assets were debt financed.
Looking back further, in 2022 and 2023, the debt-to-assets ratio was 0.22 and 0.23, respectively, suggesting a higher reliance on debt to finance assets during those periods. In 2021 and 2020, the ratio stood at 0.25, indicating a higher level of debt relative to assets compared to the most recent years.
Overall, the trend in the debt-to-assets ratio for Keysight Technologies Inc shows some variability, with a slight increase in 2024 compared to the previous year but lower levels of debt financing relative to assets compared to earlier years. It is important to monitor this ratio over time to assess the company's financial leverage and risk exposure.
Peer comparison
Oct 31, 2024