Nordson Corporation (NDSN)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,101,200 | 1,398,160 | 1,414,360 | 1,513,870 | 1,621,390 | 727,455 | 345,899 | 595,166 | 345,320 | 401,698 | 479,703 | 773,191 | 781,709 | 789,731 | 829,044 | 981,284 | 1,067,950 | 1,221,080 | 1,237,220 | 1,074,310 |
| Total assets | US$ in thousands | 6,000,970 | 5,204,370 | 5,171,870 | 5,247,080 | 5,251,770 | 4,197,030 | 4,193,120 | 4,237,420 | 3,820,380 | 3,823,820 | 3,796,340 | 3,834,990 | 3,790,960 | 3,670,080 | 3,594,910 | 3,683,400 | 3,674,660 | 3,819,960 | 3,742,900 | 3,550,870 |
| Debt-to-assets ratio | 0.35 | 0.27 | 0.27 | 0.29 | 0.31 | 0.17 | 0.08 | 0.14 | 0.09 | 0.11 | 0.13 | 0.20 | 0.21 | 0.22 | 0.23 | 0.27 | 0.29 | 0.32 | 0.33 | 0.30 |
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 shown some fluctuation over the past few years. In the most recent period, as of October 31, 2024, the ratio stands at 0.35, indicating that 35% of the company's assets are financed through debt. This represents an increase from the previous quarter and is relatively higher compared to the ratios observed in the prior quarters.
Looking back over the past few years, the company's debt-to-assets ratio has generally trended upwards, with some fluctuations quarter to quarter. The ratio was at its lowest in April 2023 at 0.08 and has shown an increasing trend since then. It peaked in October 2021 at 0.33 before declining slightly and then rising again.
Overall, Nordson Corporation's increasing debt-to-assets ratio could suggest a higher reliance on debt financing to support its operations and growth initiatives. However, it is important to assess this ratio in conjunction with other financial metrics and factors to gain a more comprehensive understanding of the company's financial health and risk profile.
Peer comparison
Oct 31, 2024