Keysight Technologies Inc (KEYS)

Debt-to-equity 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-equity ratio		0.25	0.26	0.37	0.38	0.41	0.43	0.46	0.47	0.47	0.47	0.48	0.50	0.51	0.54	0.53	0.58	0.57	0.60	0.44	0.46

January 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,208,000K ÷ $4,817,000K
= 0.25

The debt-to-equity ratio of Keysight Technologies Inc has been relatively stable over the past few quarters, ranging between 0.37 to 0.47. This indicates that the company has been maintaining a moderate level of debt in relation to its equity. A decreasing trend from Q4 2022 to Q3 2023 suggests that the company may be working towards reducing its reliance on debt financing. The ratio has hovered around the 0.4 level for the most recent quarters, indicating a balanced capital structure with a reasonable amount of debt compared to equity. It is important to continue monitoring this ratio in future periods to assess the company's financial leverage position.