Nordson Corporation (NDSN)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 2,932,190 | 2,598,060 | 2,294,380 | 2,159,130 | 1,758,990 |
| Debt-to-equity ratio | 0.72 | 0.62 | 0.15 | 0.36 | 0.61 |
October 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,101,200K ÷ $2,932,190K
= 0.72
The debt-to-equity ratio for Nordson Corporation has shown fluctuations over the past five years. In 2024, the ratio increased to 0.72 from 0.62 in 2023. This indicates that the company's reliance on debt has grown compared to its equity levels. The ratio had significantly increased from the low of 0.15 in 2022, suggesting a substantial shift towards using more debt financing. However, the ratio in 2024 is still lower than the 2020 level of 0.61, indicating that the company has moderated its debt levels compared to the earlier year. Overall, Nordson Corporation's current debt-to-equity ratio of 0.72 demonstrates a moderate level of debt financing in its capital structure.
Peer comparison
Oct 31, 2024