Keysight Technologies Inc (KEYS)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.82 | 1.78 | 1.83 | 1.88 | 1.87 | 1.80 | 1.85 | 1.92 | 1.95 | 2.00 | 2.05 | 2.03 | 2.06 | 2.08 | 2.17 | 2.12 | 2.19 | 2.14 | 2.19 | 2.19 |
October 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,269,000K ÷ $5,105,000K
= 1.82
The financial leverage ratio of Keysight Technologies Inc has shown some fluctuation over the past few years, ranging from a low of 1.78 to a high of 2.19. The ratio peaked at 2.19 in October 2020 and remained relatively stable at that level for several periods before slightly decreasing to 2.12 in January 2021. Subsequently, there was an increase in the ratio, reaching a high of 2.17 in April 2021, then fluctuating between 2.00 and 2.08 until July 2022.
From July 2022 onwards, the financial leverage ratio started to increase steadily, surpassing 2.00 and reaching a peak of 2.19 as of Oct 2022. The ratio remained at this elevated level for several subsequent periods.
Overall, the financial leverage ratio of Keysight Technologies Inc indicates an increasing trend in leverage over the past few years. A higher financial leverage ratio suggests a greater reliance on debt financing to fund operations and investments, potentially indicating increased financial risk and interest expense for the company. Investors and analysts may monitor this trend closely to assess the company's ability to manage its debt levels effectively.
Peer comparison
Oct 31, 2024