Nordson Corporation (NDSN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,932,190 | 2,853,760 | 2,788,270 | 2,723,970 | 2,598,060 | 2,579,810 | 2,497,000 | 2,446,680 | 2,294,380 | 2,199,040 | 2,190,620 | 2,218,630 | 2,159,130 | 2,063,180 | 1,950,360 | 1,857,180 | 1,758,990 | 1,769,910 | 1,652,490 | 1,634,270 |
| Debt-to-capital ratio | 0.42 | 0.33 | 0.34 | 0.36 | 0.38 | 0.22 | 0.12 | 0.20 | 0.13 | 0.15 | 0.18 | 0.26 | 0.27 | 0.28 | 0.30 | 0.35 | 0.38 | 0.41 | 0.43 | 0.40 |
October 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,101,200K ÷ ($2,101,200K + $2,932,190K)
= 0.42
The debt-to-capital ratio of Nordson Corporation has shown fluctuations over the past few years. The ratio has generally been within the range of 0.12 to 0.43, indicating that Nordson utilizes a mix of debt and equity in its capital structure.
In recent periods, the debt-to-capital ratio has been relatively stable, with values ranging from 0.33 to 0.42. This suggests that Nordson has maintained a moderate level of debt compared to its total capital. It is important to note that a lower debt-to-capital ratio indicates a lower financial risk for the company, as it relies less on debt for funding its operations.
Overall, Nordson's debt-to-capital ratio trend indicates a prudent approach to managing its capital structure by balancing debt and equity components. Further analysis of the company's debt levels, interest coverage ratios, and overall financial health would provide a more comprehensive view of its capital structure and risk profile.
Peer comparison
Oct 31, 2024