Keysight Technologies Inc (KEYS)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 6,623,000 | 6,348,000 | 6,190,000 |
| 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 |
| Financial leverage ratio | 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 | 2.20 | 2.16 | 2.21 |
January 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,060,000K ÷ $4,817,000K
= 1.88
Keysight Technologies Inc's financial leverage ratio has been fluctuating over the past eight quarters. The ratio has ranged from a low of 1.80 in Q3 2023 to a high of 2.05 in Q2 2022. Overall, the trend shows a slight increase in leverage from Q2 2022 to Q1 2023, followed by a decrease in Q3 2023 and then relatively stable levels in the subsequent quarters.
A financial leverage ratio above 1 indicates that the company relies more on debt financing than equity financing. The decreasing trend from Q1 2023 to Q3 2023 suggests a potential deleveraging or a shift towards a more conservative capital structure during that period. However, the ratio's fluctuations in the remaining quarters indicate ongoing changes in the company's capital structure and financial risk.
It is essential for investors and stakeholders to monitor changes in the financial leverage ratio to assess the company's ability to meet its debt obligations and manage financial risk effectively. Further analysis of the company's debt levels, profitability, and overall financial health would provide a more comprehensive understanding of Keysight Technologies Inc's financial leverage position.
Peer comparison
Jan 31, 2024