Stock Analysis on Net

Analog Devices Inc. (NASDAQ:ADI)

$24.99

Debt to Equity
since 2005

Microsoft Excel

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Calculation

Analog Devices Inc., debt to equity, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-11-01), 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03), 10-K (reporting date: 2017-10-28), 10-K (reporting date: 2016-10-29), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-11-01), 10-K (reporting date: 2013-11-02), 10-K (reporting date: 2012-11-03), 10-K (reporting date: 2011-10-29), 10-K (reporting date: 2010-10-30), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-11-01), 10-K (reporting date: 2007-11-03), 10-K (reporting date: 2006-10-28), 10-K (reporting date: 2005-10-29).

1 US$ in thousands


Total Debt
Over the periods presented, total debt shows a fluctuating but generally increasing trend. The earliest available debt figure starts at 400,635 thousand US dollars and climbs sharply to a peak of 7,851,084 thousand US dollars. Following this peak, there is a notable decline in debt levels stretching over several years, before once again rising steadily in the later years. The most recent figure, although lower than the peak, still represents a significant increase compared to the initial values. This pattern indicates periods of aggressive leveraging followed by phases of debt reduction, suggesting strategic shifts in capital structure management.
Shareholders’ Equity
Shareholders’ equity exhibits an overall growth trajectory across the time frame. Starting from approximately 3,691,501 thousand US dollars, there is a downtrend in the early years which bottoms out around 2,338,141 thousand US dollars. Afterward, equity balances rise consistently, reaching a substantial peak close to 37,992,542 thousand US dollars before slightly declining in the final years. This upward trend reflects an accumulation of retained earnings or capital injections over time, strengthening the financial base of the company despite some recent reductions.
Debt to Equity Ratio
The debt to equity ratio exhibits notable volatility, reflective of the changes in both debt and equity balances. The ratio increases from relatively low values, peaking around 0.77 during the mid-period, which corresponds with the highest levels of debt relative to equity. Subsequently, it declines steadily to approximately 0.18, indicating a reduction in leverage, before trending upward again modestly to 0.25 in the most recent period. These fluctuations denote changing risk profiles and capital strategies, where the company alternates between more conservative and more leveraged financial positions.
Overall Financial Position Insights
The combined analysis of debt, equity, and leverage ratios suggests a dynamic approach to financing and growth. The company appears to have employed increased borrowing to fuel expansion or other initiatives during the mid-term, supported by a robust rise in equity capital. The recent moderation in leverage ratios implies a cautious stance toward managing financial risk, possibly aimed at maintaining stability or responding to external financial conditions. The substantial equity base sustained over time underlines a solid foundation for future financial resilience.

Comparison to Competitors

Analog Devices Inc., debt to equity, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2025-11-01), 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03), 10-K (reporting date: 2017-10-28), 10-K (reporting date: 2016-10-29), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-11-01), 10-K (reporting date: 2013-11-02), 10-K (reporting date: 2012-11-03), 10-K (reporting date: 2011-10-29), 10-K (reporting date: 2010-10-30), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-11-01), 10-K (reporting date: 2007-11-03), 10-K (reporting date: 2006-10-28), 10-K (reporting date: 2005-10-29).


Comparison to Sector (Semiconductors & Semiconductor Equipment)

Analog Devices Inc., debt to equity, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel

Based on: 10-K (reporting date: 2025-11-01), 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03), 10-K (reporting date: 2017-10-28), 10-K (reporting date: 2016-10-29), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-11-01), 10-K (reporting date: 2013-11-02), 10-K (reporting date: 2012-11-03), 10-K (reporting date: 2011-10-29), 10-K (reporting date: 2010-10-30), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-11-01), 10-K (reporting date: 2007-11-03), 10-K (reporting date: 2006-10-28), 10-K (reporting date: 2005-10-29).


Comparison to Industry (Information Technology)