TE Connectivity Ltd (TEL)
Debt-to-assets ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,529,000 | 3,292,000 | 3,589,000 | 3,452,000 | 3,395,000 |
| Total assets | US$ in thousands | 21,712,000 | 20,782,000 | 21,462,000 | 19,242,000 | 19,694,000 |
| Debt-to-assets ratio | 0.16 | 0.16 | 0.17 | 0.18 | 0.17 |
September 30, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,529,000K ÷ $21,712,000K
= 0.16
TE Connectivity Ltd's debt-to-assets ratio has been relatively stable over the past five years, ranging from 0.16 to 0.18. The ratio indicates that the company finances a relatively low proportion of its assets through debt compared to its own equity. This suggests that TE Connectivity Ltd has a conservative financial structure with a lower reliance on borrowing to fund its operations and investments. The consistent ratio over the years indicates that the company has been maintaining a prudent approach to managing its debt levels in relation to its total assets.
Peer comparison
Sep 30, 2023
Company name
Symbol
Debt-to-assets ratio
TE Connectivity Ltd
TEL
0.16
Arrow Electronics Inc
ARW
0.10
Avnet Inc
AVT
0.20