Nordson Corporation (NDSN)
Debt-to-equity 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-equity ratio | 0.56 | 0.62 | 0.28 | 0.14 | 0.24 | 0.15 | 0.18 | 0.22 | 0.35 | 0.36 | 0.38 | 0.43 | 0.53 | 0.61 | 0.69 | 0.75 | 0.66 | 0.68 | 0.76 | 0.83 |
January 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,513,870K ÷ $2,723,970K
= 0.56
The debt-to-equity ratio of Nordson Corp varies across different quarters, indicating fluctuations in the company's capital structure.
In Q1 2024, the debt-to-equity ratio was at 0.60, indicating that the company had $0.60 of debt for every $1 of equity. This suggests a moderate level of debt relative to equity.
Compared to Q1 2024, the ratio was higher in the previous quarter (Q4 2023) at 0.67, implying increased reliance on debt financing.
However, in Q3 2023, the debt-to-equity ratio was notably lower at 0.33, reflecting a stronger equity position relative to debt.
The trend continues with slight increases in Q2 2023 and Q1 2023, showing a moderate level of debt compared to equity.
Looking back to Q4 2022 and Q3 2022, the company maintained a consistent debt-to-equity ratio of 0.33 and 0.37 respectively, indicating a stable capital structure during those periods.
Overall, the debt-to-equity ratio of Nordson Corp demonstrates variability over time, which suggests changes in the company's financing decisions and risk profile.
Peer comparison
Jan 31, 2024