Debt to Equity
since 2005
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Analog Devices Inc. pages available for free this week:
- Income Statement
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Capital Asset Pricing Model (CAPM)
- Aggregate Accruals
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Calculation
Analog Devices Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Shareholders’ equity1 | |
|---|---|---|---|---|---|
| Nov 2, 2024 | = | ÷ | |||
| Oct 28, 2023 | = | ÷ | |||
| Oct 29, 2022 | = | ÷ | |||
| Oct 30, 2021 | = | ÷ | |||
| Oct 31, 2020 | = | ÷ | |||
| Nov 2, 2019 | = | ÷ | |||
| Nov 3, 2018 | = | ÷ | |||
| Oct 28, 2017 | = | ÷ | |||
| Oct 29, 2016 | = | ÷ | |||
| Oct 31, 2015 | = | ÷ | |||
| Nov 1, 2014 | = | ÷ | |||
| Nov 2, 2013 | = | ÷ | |||
| Nov 3, 2012 | = | ÷ | |||
| Oct 29, 2011 | = | ÷ | |||
| Oct 30, 2010 | = | ÷ | |||
| Oct 31, 2009 | = | ÷ | |||
| Nov 1, 2008 | = | ÷ | |||
| Nov 3, 2007 | = | ÷ | |||
| Oct 28, 2006 | = | ÷ | |||
| Oct 29, 2005 | = | ÷ |
Based on: 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
The financial data reveals several notable trends across the examined periods. Total debt exhibits a marked increase beginning in the early 2010s, with a sharp rise from 1,732,177 thousand US dollars in 2011 to a peak of 7,851,084 thousand US dollars in 2012. Following this peak, total debt decreases steadily until 2017, reaching approximately 5,149,102 thousand US dollars. Subsequently, total debt trends upwards again, fluctuating around 6,500,000 to 7,500,000 thousand US dollars through 2024.
Shareholders' equity shows a somewhat different pattern. Starting at 3,691,501 thousand US dollars in 2005, equity declines notably until circa 2007, falling to approximately 2,338,141 thousand US dollars. From 2008 onwards, equity gradually increases with significant acceleration after 2016, reaching a striking peak of 37,992,542 thousand US dollars in 2021. Following this peak, shareholders’ equity slightly decreases but remains substantially elevated relative to early years, stabilizing around mid-30 millions into 2024.
The debt to equity ratio data largely correlates with the movements in total debt and shareholders' equity but indicates relatively low leverage values throughout the periods measured. Initially, the ratio is below 0.2 until 2010, followed by an increase peaking at 0.77 in 2012 — coinciding with the spike in total debt and before the significant growth in equity. After this peak, the ratio declines steadily, reflecting the recovery of equity and the decrease in total debt, and stabilizes in a range between 0.18 and 0.22 through 2024.
- Total Debt
- Shows considerable volatility, with a dramatic increase in the early 2010s. The debt peaked in 2012 followed by a substantial reduction and a moderate resurgence later.
- Shareholders’ Equity
- Displays an initial decline, then progressively rose with exceptional growth after 2016, peaking in 2021 before a slight reduction but overall maintaining high levels relative to earlier years.
- Debt to Equity Ratio
- Reflects relatively conservative leverage with a temporary marked increase around 2012. Post-2012, the ratio decreases and stabilizes, suggesting improved capital structure management.
Overall, the data suggests a strategic management of the balance between debt and equity, with initial increases in debt potentially driving growth and subsequent efforts focusing on increasing equity and maintaining manageable leverage ratios. The substantial rise in equity from 2016 onward highlights strong capitalization and possibly retained earnings accumulation or capital infusions, contributing to the company’s financial stability in more recent years.
Comparison to Competitors
Analog Devices Inc., debt to equity, long-term trends, comparison to competitors
| Analog Devices Inc. | Advanced Micro Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2, 2024 | |||||||||||
| Oct 28, 2023 | |||||||||||
| Oct 29, 2022 | |||||||||||
| Oct 30, 2021 | |||||||||||
| Oct 31, 2020 | |||||||||||
| Nov 2, 2019 | |||||||||||
| Nov 3, 2018 | |||||||||||
| Oct 28, 2017 | |||||||||||
| Oct 29, 2016 | |||||||||||
| Oct 31, 2015 | |||||||||||
| Nov 1, 2014 | |||||||||||
| Nov 2, 2013 | |||||||||||
| Nov 3, 2012 | |||||||||||
| Oct 29, 2011 | |||||||||||
| Oct 30, 2010 | |||||||||||
| Oct 31, 2009 | |||||||||||
| Nov 1, 2008 | |||||||||||
| Nov 3, 2007 | |||||||||||
| Oct 28, 2006 | |||||||||||
| Oct 29, 2005 |
Based on: 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)
| Analog Devices Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Nov 2, 2024 | ||
| Oct 28, 2023 | ||
| Oct 29, 2022 | ||
| Oct 30, 2021 | ||
| Oct 31, 2020 | ||
| Nov 2, 2019 | ||
| Nov 3, 2018 | ||
| Oct 28, 2017 | ||
| Oct 29, 2016 | ||
| Oct 31, 2015 | ||
| Nov 1, 2014 | ||
| Nov 2, 2013 | ||
| Nov 3, 2012 | ||
| Oct 29, 2011 | ||
| Oct 30, 2010 | ||
| Oct 31, 2009 | ||
| Nov 1, 2008 | ||
| Nov 3, 2007 | ||
| Oct 28, 2006 | ||
| Oct 29, 2005 |
Based on: 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)
Analog Devices Inc., debt to equity, long-term trends, comparison to industry (information technology)
| Analog Devices Inc. | Information Technology | |
|---|---|---|
| Nov 2, 2024 | ||
| Oct 28, 2023 | ||
| Oct 29, 2022 | ||
| Oct 30, 2021 | ||
| Oct 31, 2020 | ||
| Nov 2, 2019 | ||
| Nov 3, 2018 | ||
| Oct 28, 2017 | ||
| Oct 29, 2016 | ||
| Oct 31, 2015 | ||
| Nov 1, 2014 | ||
| Nov 2, 2013 | ||
| Nov 3, 2012 | ||
| Oct 29, 2011 | ||
| Oct 30, 2010 | ||
| Oct 31, 2009 | ||
| Nov 1, 2008 | ||
| Nov 3, 2007 | ||
| Oct 28, 2006 | ||
| Oct 29, 2005 |
Based on: 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).