Keysight Technologies Inc (KEYS)

Debt-to-capital ratio

		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	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Long-term debt	US$ in thousands	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	1,788,000	1,292,000	1,292,000
Total stockholders’ equity	US$ in thousands	4,817,000	4,654,000	4,897,000	4,705,000	4,404,000	4,161,000	3,920,000	3,779,000	3,810,000	3,784,000	3,750,000	3,545,000	3,536,000	3,297,000	3,354,000	3,085,000	3,127,000	3,004,000	2,938,000	2,798,000
Debt-to-capital ratio		0.20	0.20	0.27	0.28	0.29	0.30	0.31	0.32	0.32	0.32	0.32	0.34	0.34	0.35	0.35	0.37	0.36	0.37	0.31	0.32

January 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,208,000K ÷ ($1,208,000K + $4,817,000K)
= 0.20

The debt-to-capital ratio of Keysight Technologies Inc has displayed a decreasing trend over the past few quarters, indicating a relative decrease in the proportion of debt as a component of the company's capital structure. The ratio decreased from 0.32 in Q2 2022 to 0.27 in Q1 2024, suggesting a positive trend in the company's capital management and financial leverage.

This decline in the debt-to-capital ratio could be a sign of stronger financial health and reduced financial risk for Keysight Technologies Inc. It indicates that the company is relying less on debt financing in relation to its total capital, which could be viewed positively by investors and creditors.

Overall, the decreasing trend in the debt-to-capital ratio for Keysight Technologies Inc signifies a potentially improved balance between debt and equity in its capital structure, which may contribute to enhanced financial stability and flexibility for the company.