Keysight Technologies Inc (KEYS)
Debt-to-assets ratio
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,790,000 | 1,196,000 | 1,195,000 | 1,208,000 | 1,195,000 | 1,794,000 | 1,793,000 | 1,793,000 | 1,793,000 | 1,792,000 | 1,792,000 | 1,791,000 | 1,791,000 | 1,791,000 | 1,790,000 | 1,790,000 | 1,789,000 | 1,789,000 | 1,788,000 | 1,788,000 |
| Total assets | US$ in thousands | 9,269,000 | 9,323,000 | 8,988,000 | 9,060,000 | 8,683,000 | 8,826,000 | 8,708,000 | 8,448,000 | 8,098,000 | 7,852,000 | 7,764,000 | 7,728,000 | 7,781,000 | 7,804,000 | 7,686,000 | 7,494,000 | 7,218,000 | 7,161,000 | 6,757,000 | 6,841,000 |
| Debt-to-assets ratio | 0.19 | 0.13 | 0.13 | 0.13 | 0.14 | 0.20 | 0.21 | 0.21 | 0.22 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.23 | 0.24 | 0.25 | 0.25 | 0.26 | 0.26 |
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 displayed some fluctuations over the past several quarters. As of October 31, 2024, the ratio stands at 0.19, indicating that 19% of the company's total assets are financed by debt. This ratio has decreased from the previous quarter's ratio of 0.13.
Looking at the trend over the past few quarters, the debt-to-assets ratio has generally been within the range of 0.13 to 0.26, with slight variations. The company's debt level relative to its assets has been relatively stable, albeit with some minor fluctuations.
A lower debt-to-assets ratio suggests lower financial risk, as the company relies less on debt to finance its operations and investments. However, it is essential to consider the industry norms and the company's specific circumstances when evaluating the significance of this ratio.
Overall, based on the historical trend of the debt-to-assets ratio, Keysight Technologies Inc appears to maintain a reasonable balance between debt and assets, indicating a prudent approach to its capital structure.
Peer comparison
Oct 31, 2024