Nordson Corporation (NDSN)
Debt-to-capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 1,075,400 | 1,179,870 | 1,220,390 |
| Total stockholders’ equity | US$ in thousands | 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 | 1,581,040 | 1,546,890 | 1,471,260 |
| Debt-to-capital ratio | 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 | 0.40 | 0.43 | 0.45 |
January 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,513,870K ÷ ($1,513,870K + $2,723,970K)
= 0.36
The debt-to-capital ratio for Nordson Corp. has shown some fluctuations over the past eight quarters. In Q1 2024, the ratio was 0.38, indicating that 38% of the company's capital structure was financed by debt. This was a slight decrease compared to Q4 2023 when the ratio was 0.40.
Overall, the trend in the debt-to-capital ratio has been relatively stable, with occasional fluctuations. The ratio remained within the range of 0.25 to 0.40 over the past eight quarters, indicating a moderate level of debt utilization in Nordson Corp.'s capital structure.
It's essential to consider the industry norms and benchmarks when evaluating the debt-to-capital ratio to assess Nordson Corp.'s leverage position accurately. This ratio provides insight into the company's financial risk and its ability to meet its debt obligations.
Peer comparison
Jan 31, 2024