Nordson Corporation (NDSN)
Debt-to-assets ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,101,200 | 1,621,390 | 345,320 | 781,709 | 1,067,950 |
| Total assets | US$ in thousands | 6,000,970 | 5,251,770 | 3,820,380 | 3,790,960 | 3,674,660 |
| Debt-to-assets ratio | 0.35 | 0.31 | 0.09 | 0.21 | 0.29 |
October 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,101,200K ÷ $6,000,970K
= 0.35
The debt-to-assets ratio of Nordson Corporation has fluctuated over the past five years, ranging from 0.09 to 0.35. In 2024, the ratio stands at 0.35, indicating that for every dollar of assets, the company has approximately $0.35 in debt. This suggests that Nordson Corporation relies significantly on debt financing to support its operations and investments compared to previous years. The increase in the ratio from 2023 to 2024 may signify an increase in debt levels relative to asset size, potentially indicating higher financial leverage and associated risks. It would be advisable for stakeholders to closely monitor Nordson Corporation's debt management strategies and financial health in light of this shift in the debt-to-assets ratio.
Peer comparison
Oct 31, 2024