Keysight Technologies Inc (KEYS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 5,105,000 | 5,230,000 | 4,903,000 | 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 |
| Debt-to-capital ratio | 0.26 | 0.19 | 0.20 | 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 |
October 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,790,000K ÷ ($1,790,000K + $5,105,000K)
= 0.26
The debt-to-capital ratio of Keysight Technologies Inc has shown some fluctuations over the past several quarters. The ratio provides insight into the company's capital structure by comparing its total debt to its total capital (which includes both debt and equity).
In the most recent quarter of Oct 31, 2024, the debt-to-capital ratio was 0.26, indicating that debt accounted for 26% of the company's total capital. This ratio has increased from the previous quarter but is lower than the levels seen in the preceding four quarters.
Over the past several quarters, the company has maintained a relatively stable debt-to-capital ratio in the range of 0.19 to 0.37, with some slight fluctuations. The ratio has slightly increased over the quarters from a low of 0.19 to a high of 0.37, indicating a gradual increase in the proportion of debt in the company's capital structure.
It is important to note that a higher debt-to-capital ratio may imply higher financial risk and leverage for the company, as a greater proportion of its capital is funded by debt. Conversely, a lower ratio indicates a stronger financial position with a larger proportion of capital funded by equity.
Overall, KeySight Technologies Inc's debt-to-capital ratio has fluctuated within a moderate range over the past few quarters, suggesting a balanced approach to capital structure management. Monitoring this ratio alongside other financial metrics can provide a comprehensive assessment of the company's financial health and risk profile.
Peer comparison
Oct 31, 2024