Keysight Technologies Inc (KEYS)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 5,105,000 | 4,654,000 | 4,161,000 | 3,784,000 | 3,297,000 |
| Debt-to-equity ratio | 0.35 | 0.26 | 0.43 | 0.47 | 0.54 |
October 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,790,000K ÷ $5,105,000K
= 0.35
The debt-to-equity ratio of Keysight Technologies Inc has demonstrated a fluctuating trend over the past five years. In October 2020, the ratio stood at 0.54, indicating that the company had higher levels of debt in comparison to equity. However, this ratio has been decreasing in subsequent years, reaching 0.26 in October 2023, suggesting a significant improvement in the company's debt management.
In October 2024, the debt-to-equity ratio rose slightly to 0.35 but still remained lower than the 2020 and 2021 levels. This indicates that while the company has taken on more debt relative to equity compared to the previous year, it has maintained a favorable balance between debt and equity financing.
Overall, the decreasing trend in the debt-to-equity ratio over the past few years reflects improvements in Keysight Technologies Inc's financial leverage and debt management strategies. It suggests that the company has been gradually reducing its reliance on debt to finance its operations, which could enhance its financial stability and resilience in the long term.
Peer comparison
Oct 31, 2024