Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Analog Devices Inc., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2024-02-03), 10-K (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-K (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-K (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-30), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-Q (reporting date: 2020-02-01), 10-K (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-02), 10-K (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-Q (reporting date: 2018-02-03).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Analog Devices Inc. debt to equity ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Analog Devices Inc. debt to capital ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Analog Devices Inc. debt to assets ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Analog Devices Inc. financial leverage ratio decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Analog Devices Inc. interest coverage ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Debt to Equity
Analog Devices Inc., debt to equity calculation (quarterly data)
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||
| Debt, current | 499,322) | 499,052) | —) | —) | —) | —) | —) | —) | —) | 516,663) | 1,324,677) | 1,324,451) | 399,220) | —) | 449,324) | 448,945) | 748,460) | 299,667) | 411,434) | 374,165) | —) | 67,000) | 22,500) | 56,000) | 50,000) | ||||||||
| Commercial paper notes | 544,444) | 547,224) | 544,710) | 253,635) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Long-term debt, excluding current | 5,946,673) | 5,902,457) | 6,437,650) | 6,475,646) | 6,543,250) | 6,548,625) | 6,252,839) | 6,253,215) | 6,253,575) | 6,253,212) | 3,824,819) | 3,823,595) | 4,747,347) | 5,145,102) | 5,143,653) | 5,142,223) | 4,745,302) | 5,192,252) | 5,278,643) | 5,612,365) | 6,234,517) | 6,265,674) | 6,532,746) | 6,926,441) | 7,384,856) | ||||||||
| Total debt | 6,990,439) | 6,948,733) | 6,982,360) | 6,729,281) | 6,543,250) | 6,548,625) | 6,252,839) | 6,253,215) | 6,253,575) | 6,769,875) | 5,149,496) | 5,148,046) | 5,146,567) | 5,145,102) | 5,592,977) | 5,591,168) | 5,493,762) | 5,491,919) | 5,690,077) | 5,986,530) | 6,234,517) | 6,332,674) | 6,555,246) | 6,982,441) | 7,434,856) | ||||||||
| Shareholders’ equity | 35,548,073) | 35,565,122) | 35,903,746) | 36,013,224) | 36,531,485) | 36,465,323) | 36,638,591) | 37,099,782) | 37,427,312) | 37,992,542) | 12,263,963) | 12,167,104) | 12,087,746) | 11,997,945) | 11,777,560) | 11,590,858) | 11,689,517) | 11,709,188) | 11,790,237) | 11,742,258) | 11,585,437) | 10,988,540) | 10,856,217) | 10,585,355) | 10,347,779) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Debt to equity1 | 0.20 | 0.20 | 0.19 | 0.19 | 0.18 | 0.18 | 0.17 | 0.17 | 0.17 | 0.18 | 0.42 | 0.42 | 0.43 | 0.43 | 0.47 | 0.48 | 0.47 | 0.47 | 0.48 | 0.51 | 0.54 | 0.58 | 0.60 | 0.66 | 0.72 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.06 | 0.10 | 0.21 | 0.16 | 0.17 | 0.40 | 0.54 | 0.61 | — | — | — | — | ||||||||
| Applied Materials Inc. | 0.32 | 0.34 | 0.37 | 0.40 | 0.42 | 0.45 | 0.45 | 0.47 | 0.46 | 0.45 | 0.45 | 0.45 | 0.47 | 0.52 | 0.57 | 0.76 | 0.61 | 0.65 | 0.65 | 0.65 | 0.65 | 0.78 | 0.78 | 0.75 | 0.62 | ||||||||
| Broadcom Inc. | 1.08 | 1.64 | 1.78 | 1.79 | 1.69 | 1.74 | 1.89 | 1.88 | 1.72 | 1.59 | 1.66 | 1.69 | 1.75 | 1.72 | 1.87 | 1.92 | 1.84 | 1.32 | 1.75 | 1.69 | 1.62 | 0.66 | 0.64 | 0.55 | 0.68 | ||||||||
| Intel Corp. | — | 0.47 | 0.48 | 0.49 | 0.51 | 0.41 | 0.40 | 0.35 | 0.36 | 0.40 | 0.45 | 0.42 | 0.45 | 0.45 | 0.49 | 0.47 | 0.52 | 0.37 | 0.39 | 0.38 | 0.39 | — | — | — | — | ||||||||
| KLA Corp. | 1.97 | 2.02 | 2.20 | 2.35 | 3.00 | 4.75 | 0.91 | 0.85 | 0.89 | 1.02 | 1.11 | 1.18 | 1.25 | 1.30 | 1.49 | 1.27 | 1.29 | 1.29 | 1.20 | 1.40 | 1.43 | 1.38 | 1.80 | 2.03 | 1.90 | ||||||||
| Lam Research Corp. | 0.62 | 0.61 | 0.60 | 0.60 | 0.67 | 0.80 | 0.83 | 0.77 | 0.86 | 0.83 | 1.08 | 1.06 | 1.08 | 1.12 | 1.12 | 1.01 | 0.90 | 0.96 | 0.90 | 0.35 | 0.44 | 0.37 | 0.47 | 0.52 | 0.33 | ||||||||
| Micron Technology Inc. | 0.31 | 0.30 | 0.29 | 0.26 | 0.21 | 0.14 | 0.14 | 0.15 | 0.15 | 0.15 | 0.16 | 0.16 | 0.17 | 0.17 | 0.18 | 0.15 | 0.15 | 0.16 | 0.14 | 0.18 | 0.12 | 0.14 | 0.26 | 0.36 | 0.40 | ||||||||
| NVIDIA Corp. | 0.45 | 0.50 | 0.51 | 0.46 | 0.42 | 0.41 | 0.46 | 0.56 | 0.37 | 0.41 | 0.45 | 0.50 | 0.53 | 0.16 | 0.18 | 0.19 | 0.20 | 0.21 | 0.21 | 0.23 | 0.26 | — | — | — | — | ||||||||
| ON Semiconductor Corp. | — | 0.43 | 0.47 | 0.50 | 0.54 | 0.52 | 0.57 | 0.60 | 0.64 | 0.67 | 0.76 | 0.82 | 0.92 | 0.99 | 1.24 | 1.46 | 1.47 | 1.09 | 1.12 | 1.12 | 0.87 | — | — | — | — | ||||||||
| Qualcomm Inc. | 0.67 | 0.71 | 0.75 | 0.81 | 0.90 | 0.86 | 0.97 | 1.18 | 1.39 | 1.58 | 1.92 | 2.12 | 2.13 | 2.59 | 4.82 | 5.24 | 3.53 | 3.25 | 3.01 | 4.24 | 4.53 | 17.64 | 0.97 | 0.97 | 0.95 | ||||||||
| Texas Instruments Inc. | 0.84 | 0.66 | 0.67 | 0.70 | 0.66 | 0.60 | 0.55 | 0.51 | 0.55 | 0.58 | 0.64 | 0.56 | 0.61 | 0.74 | 0.82 | 0.89 | 0.85 | 0.65 | 0.65 | 0.68 | 0.68 | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-02-03), 10-K (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-K (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-K (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-30), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-Q (reporting date: 2020-02-01), 10-K (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-02), 10-K (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-Q (reporting date: 2018-02-03).
1 Q1 2024 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity
= 6,990,439 ÷ 35,548,073 = 0.20
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Analog Devices Inc. debt to equity ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Debt to Capital
Analog Devices Inc., debt to capital calculation (quarterly data)
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||
| Debt, current | 499,322) | 499,052) | —) | —) | —) | —) | —) | —) | —) | 516,663) | 1,324,677) | 1,324,451) | 399,220) | —) | 449,324) | 448,945) | 748,460) | 299,667) | 411,434) | 374,165) | —) | 67,000) | 22,500) | 56,000) | 50,000) | ||||||||
| Commercial paper notes | 544,444) | 547,224) | 544,710) | 253,635) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Long-term debt, excluding current | 5,946,673) | 5,902,457) | 6,437,650) | 6,475,646) | 6,543,250) | 6,548,625) | 6,252,839) | 6,253,215) | 6,253,575) | 6,253,212) | 3,824,819) | 3,823,595) | 4,747,347) | 5,145,102) | 5,143,653) | 5,142,223) | 4,745,302) | 5,192,252) | 5,278,643) | 5,612,365) | 6,234,517) | 6,265,674) | 6,532,746) | 6,926,441) | 7,384,856) | ||||||||
| Total debt | 6,990,439) | 6,948,733) | 6,982,360) | 6,729,281) | 6,543,250) | 6,548,625) | 6,252,839) | 6,253,215) | 6,253,575) | 6,769,875) | 5,149,496) | 5,148,046) | 5,146,567) | 5,145,102) | 5,592,977) | 5,591,168) | 5,493,762) | 5,491,919) | 5,690,077) | 5,986,530) | 6,234,517) | 6,332,674) | 6,555,246) | 6,982,441) | 7,434,856) | ||||||||
| Shareholders’ equity | 35,548,073) | 35,565,122) | 35,903,746) | 36,013,224) | 36,531,485) | 36,465,323) | 36,638,591) | 37,099,782) | 37,427,312) | 37,992,542) | 12,263,963) | 12,167,104) | 12,087,746) | 11,997,945) | 11,777,560) | 11,590,858) | 11,689,517) | 11,709,188) | 11,790,237) | 11,742,258) | 11,585,437) | 10,988,540) | 10,856,217) | 10,585,355) | 10,347,779) | ||||||||
| Total capital | 42,538,512) | 42,513,855) | 42,886,106) | 42,742,505) | 43,074,735) | 43,013,948) | 42,891,430) | 43,352,997) | 43,680,887) | 44,762,417) | 17,413,459) | 17,315,150) | 17,234,313) | 17,143,047) | 17,370,537) | 17,182,026) | 17,183,279) | 17,201,107) | 17,480,314) | 17,728,788) | 17,819,954) | 17,321,214) | 17,411,463) | 17,567,796) | 17,782,635) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Debt to capital1 | 0.16 | 0.16 | 0.16 | 0.16 | 0.15 | 0.15 | 0.15 | 0.14 | 0.14 | 0.15 | 0.30 | 0.30 | 0.30 | 0.30 | 0.32 | 0.33 | 0.32 | 0.32 | 0.33 | 0.34 | 0.35 | 0.37 | 0.38 | 0.40 | 0.42 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.09 | 0.17 | 0.14 | 0.15 | 0.29 | 0.35 | 0.38 | — | — | — | — | ||||||||
| Applied Materials Inc. | 0.24 | 0.25 | 0.27 | 0.29 | 0.30 | 0.31 | 0.31 | 0.32 | 0.31 | 0.31 | 0.31 | 0.31 | 0.32 | 0.34 | 0.36 | 0.43 | 0.38 | 0.39 | 0.40 | 0.39 | 0.39 | 0.44 | 0.44 | 0.43 | 0.38 | ||||||||
| Broadcom Inc. | 0.52 | 0.62 | 0.64 | 0.64 | 0.63 | 0.64 | 0.65 | 0.65 | 0.63 | 0.61 | 0.62 | 0.63 | 0.64 | 0.63 | 0.65 | 0.66 | 0.65 | 0.57 | 0.64 | 0.63 | 0.62 | 0.40 | 0.39 | 0.35 | 0.40 | ||||||||
| Intel Corp. | — | 0.32 | 0.32 | 0.33 | 0.34 | 0.29 | 0.28 | 0.26 | 0.27 | 0.29 | 0.31 | 0.29 | 0.31 | 0.31 | 0.33 | 0.32 | 0.34 | 0.27 | 0.28 | 0.28 | 0.28 | — | — | — | — | ||||||||
| KLA Corp. | 0.66 | 0.67 | 0.69 | 0.70 | 0.75 | 0.83 | 0.48 | 0.46 | 0.47 | 0.50 | 0.52 | 0.54 | 0.55 | 0.57 | 0.60 | 0.56 | 0.56 | 0.56 | 0.55 | 0.58 | 0.59 | 0.58 | 0.64 | 0.67 | 0.65 | ||||||||
| Lam Research Corp. | 0.38 | 0.38 | 0.37 | 0.38 | 0.40 | 0.44 | 0.45 | 0.44 | 0.46 | 0.45 | 0.52 | 0.51 | 0.52 | 0.53 | 0.53 | 0.50 | 0.47 | 0.49 | 0.47 | 0.26 | 0.31 | 0.27 | 0.32 | 0.34 | 0.25 | ||||||||
| Micron Technology Inc. | 0.24 | 0.23 | 0.23 | 0.21 | 0.17 | 0.12 | 0.12 | 0.13 | 0.13 | 0.13 | 0.14 | 0.14 | 0.14 | 0.15 | 0.15 | 0.13 | 0.13 | 0.14 | 0.12 | 0.15 | 0.11 | 0.13 | 0.20 | 0.27 | 0.29 | ||||||||
| NVIDIA Corp. | 0.31 | 0.33 | 0.34 | 0.31 | 0.29 | 0.29 | 0.32 | 0.36 | 0.27 | 0.29 | 0.31 | 0.33 | 0.35 | 0.14 | 0.15 | 0.16 | 0.17 | 0.18 | 0.17 | 0.19 | 0.21 | — | — | — | — | ||||||||
| ON Semiconductor Corp. | — | 0.30 | 0.32 | 0.33 | 0.35 | 0.34 | 0.36 | 0.37 | 0.39 | 0.40 | 0.43 | 0.45 | 0.48 | 0.50 | 0.55 | 0.59 | 0.60 | 0.52 | 0.53 | 0.53 | 0.46 | — | — | — | — | ||||||||
| Qualcomm Inc. | 0.40 | 0.42 | 0.43 | 0.45 | 0.47 | 0.46 | 0.49 | 0.54 | 0.58 | 0.61 | 0.66 | 0.68 | 0.68 | 0.72 | 0.83 | 0.84 | 0.78 | 0.76 | 0.75 | 0.81 | 0.82 | 0.95 | 0.49 | 0.49 | 0.49 | ||||||||
| Texas Instruments Inc. | 0.46 | 0.40 | 0.40 | 0.41 | 0.40 | 0.37 | 0.35 | 0.34 | 0.36 | 0.37 | 0.39 | 0.36 | 0.38 | 0.43 | 0.45 | 0.47 | 0.46 | 0.39 | 0.39 | 0.41 | 0.41 | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-02-03), 10-K (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-K (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-K (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-30), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-Q (reporting date: 2020-02-01), 10-K (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-02), 10-K (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-Q (reporting date: 2018-02-03).
1 Q1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 6,990,439 ÷ 42,538,512 = 0.16
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Analog Devices Inc. debt to capital ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Debt to Assets
Analog Devices Inc., debt to assets calculation (quarterly data)
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||
| Debt, current | 499,322) | 499,052) | —) | —) | —) | —) | —) | —) | —) | 516,663) | 1,324,677) | 1,324,451) | 399,220) | —) | 449,324) | 448,945) | 748,460) | 299,667) | 411,434) | 374,165) | —) | 67,000) | 22,500) | 56,000) | 50,000) | ||||||||
| Commercial paper notes | 544,444) | 547,224) | 544,710) | 253,635) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | ||||||||
| Long-term debt, excluding current | 5,946,673) | 5,902,457) | 6,437,650) | 6,475,646) | 6,543,250) | 6,548,625) | 6,252,839) | 6,253,215) | 6,253,575) | 6,253,212) | 3,824,819) | 3,823,595) | 4,747,347) | 5,145,102) | 5,143,653) | 5,142,223) | 4,745,302) | 5,192,252) | 5,278,643) | 5,612,365) | 6,234,517) | 6,265,674) | 6,532,746) | 6,926,441) | 7,384,856) | ||||||||
| Total debt | 6,990,439) | 6,948,733) | 6,982,360) | 6,729,281) | 6,543,250) | 6,548,625) | 6,252,839) | 6,253,215) | 6,253,575) | 6,769,875) | 5,149,496) | 5,148,046) | 5,146,567) | 5,145,102) | 5,592,977) | 5,591,168) | 5,493,762) | 5,491,919) | 5,690,077) | 5,986,530) | 6,234,517) | 6,332,674) | 6,555,246) | 6,982,441) | 7,434,856) | ||||||||
| Total assets | 48,388,464) | 48,794,478) | 49,346,739) | 49,544,739) | 50,234,520) | 50,302,350) | 50,346,170) | 50,800,652) | 51,215,614) | 52,322,071) | 21,641,190) | 21,588,217) | 21,440,110) | 21,468,603) | 21,599,568) | 21,350,938) | 21,376,827) | 21,392,641) | 21,566,650) | 21,776,325) | 21,828,278) | 20,449,779) | 20,548,616) | 20,776,454) | 20,853,315) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Debt to assets1 | 0.14 | 0.14 | 0.14 | 0.14 | 0.13 | 0.13 | 0.12 | 0.12 | 0.12 | 0.13 | 0.24 | 0.24 | 0.24 | 0.24 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.27 | 0.29 | 0.31 | 0.32 | 0.34 | 0.36 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.05 | 0.10 | 0.08 | 0.08 | 0.17 | 0.20 | 0.22 | — | — | — | — | ||||||||
| Applied Materials Inc. | 0.18 | 0.18 | 0.19 | 0.19 | 0.20 | 0.20 | 0.21 | 0.21 | 0.21 | 0.21 | 0.22 | 0.23 | 0.23 | 0.24 | 0.26 | 0.31 | 0.27 | 0.28 | 0.28 | 0.28 | 0.28 | 0.30 | 0.30 | 0.29 | 0.27 | ||||||||
| Broadcom Inc. | 0.43 | 0.54 | 0.55 | 0.55 | 0.54 | 0.54 | 0.55 | 0.55 | 0.54 | 0.53 | 0.53 | 0.54 | 0.54 | 0.54 | 0.56 | 0.56 | 0.55 | 0.49 | 0.54 | 0.53 | 0.52 | 0.35 | 0.35 | 0.32 | 0.32 | ||||||||
| Intel Corp. | — | 0.26 | 0.26 | 0.26 | 0.27 | 0.23 | 0.23 | 0.21 | 0.21 | 0.23 | 0.24 | 0.23 | 0.24 | 0.24 | 0.25 | 0.25 | 0.27 | 0.21 | 0.22 | 0.22 | 0.22 | — | — | — | — | ||||||||
| KLA Corp. | 0.42 | 0.42 | 0.43 | 0.45 | 0.48 | 0.53 | 0.31 | 0.29 | 0.31 | 0.34 | 0.35 | 0.35 | 0.37 | 0.37 | 0.39 | 0.37 | 0.37 | 0.38 | 0.37 | 0.40 | 0.40 | 0.40 | 0.44 | 0.46 | 0.49 | ||||||||
| Lam Research Corp. | 0.27 | 0.27 | 0.26 | 0.26 | 0.27 | 0.29 | 0.30 | 0.30 | 0.32 | 0.31 | 0.38 | 0.38 | 0.39 | 0.40 | 0.39 | 0.37 | 0.36 | 0.37 | 0.37 | 0.19 | 0.21 | 0.19 | 0.23 | 0.25 | 0.20 | ||||||||
| Micron Technology Inc. | 0.21 | 0.21 | 0.20 | 0.18 | 0.15 | 0.10 | 0.11 | 0.11 | 0.11 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.13 | 0.11 | 0.11 | 0.12 | 0.11 | 0.13 | 0.09 | 0.11 | 0.18 | 0.23 | 0.24 | ||||||||
| NVIDIA Corp. | 0.25 | 0.27 | 0.27 | 0.25 | 0.24 | 0.25 | 0.27 | 0.31 | 0.23 | 0.24 | 0.26 | 0.28 | 0.30 | 0.11 | 0.13 | 0.13 | 0.14 | 0.15 | 0.15 | 0.16 | 0.17 | — | — | — | — | ||||||||
| ON Semiconductor Corp. | — | 0.25 | 0.26 | 0.27 | 0.29 | 0.27 | 0.29 | 0.30 | 0.31 | 0.32 | 0.35 | 0.36 | 0.39 | 0.40 | 0.46 | 0.50 | 0.50 | 0.43 | 0.42 | 0.43 | 0.37 | — | — | — | — | ||||||||
| Qualcomm Inc. | 0.30 | 0.30 | 0.32 | 0.33 | 0.34 | 0.32 | 0.33 | 0.35 | 0.37 | 0.38 | 0.41 | 0.42 | 0.42 | 0.44 | 0.49 | 0.50 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.50 | 0.36 | 0.36 | 0.36 | ||||||||
| Texas Instruments Inc. | 0.41 | 0.35 | 0.35 | 0.36 | 0.35 | 0.32 | 0.30 | 0.29 | 0.31 | 0.31 | 0.33 | 0.30 | 0.32 | 0.35 | 0.37 | 0.39 | 0.38 | 0.32 | 0.32 | 0.33 | 0.33 | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-02-03), 10-K (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-K (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-K (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-30), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-Q (reporting date: 2020-02-01), 10-K (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-02), 10-K (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-Q (reporting date: 2018-02-03).
1 Q1 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 6,990,439 ÷ 48,388,464 = 0.14
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Analog Devices Inc. debt to assets ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Financial Leverage
Analog Devices Inc., financial leverage calculation (quarterly data)
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||
| Total assets | 48,388,464) | 48,794,478) | 49,346,739) | 49,544,739) | 50,234,520) | 50,302,350) | 50,346,170) | 50,800,652) | 51,215,614) | 52,322,071) | 21,641,190) | 21,588,217) | 21,440,110) | 21,468,603) | 21,599,568) | 21,350,938) | 21,376,827) | 21,392,641) | 21,566,650) | 21,776,325) | 21,828,278) | 20,449,779) | 20,548,616) | 20,776,454) | 20,853,315) | ||||||||
| Shareholders’ equity | 35,548,073) | 35,565,122) | 35,903,746) | 36,013,224) | 36,531,485) | 36,465,323) | 36,638,591) | 37,099,782) | 37,427,312) | 37,992,542) | 12,263,963) | 12,167,104) | 12,087,746) | 11,997,945) | 11,777,560) | 11,590,858) | 11,689,517) | 11,709,188) | 11,790,237) | 11,742,258) | 11,585,437) | 10,988,540) | 10,856,217) | 10,585,355) | 10,347,779) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Financial leverage1 | 1.36 | 1.37 | 1.37 | 1.38 | 1.38 | 1.38 | 1.37 | 1.37 | 1.37 | 1.38 | 1.76 | 1.77 | 1.77 | 1.79 | 1.83 | 1.84 | 1.83 | 1.83 | 1.83 | 1.85 | 1.88 | 1.86 | 1.89 | 1.96 | 2.02 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 1.21 | 1.23 | 1.23 | 1.24 | 1.23 | 1.24 | 1.22 | 1.21 | 1.66 | 1.56 | 1.51 | 1.55 | 1.54 | 1.82 | 1.99 | 1.93 | 2.13 | 2.41 | 2.68 | 2.76 | — | — | — | — | ||||||||
| Applied Materials Inc. | 1.81 | 1.88 | 2.01 | 2.06 | 2.08 | 2.19 | 2.17 | 2.20 | 2.14 | 2.11 | 2.03 | 2.01 | 2.03 | 2.11 | 2.21 | 2.42 | 2.28 | 2.32 | 2.32 | 2.29 | 2.31 | 2.60 | 2.62 | 2.63 | 2.31 | ||||||||
| Broadcom Inc. | 2.53 | 3.04 | 3.24 | 3.26 | 3.13 | 3.23 | 3.42 | 3.42 | 3.19 | 3.03 | 3.12 | 3.15 | 3.21 | 3.18 | 3.37 | 3.41 | 3.32 | 2.71 | 3.24 | 3.20 | 3.10 | 1.88 | 1.83 | 1.71 | 2.11 | ||||||||
| Intel Corp. | — | 1.81 | 1.85 | 1.84 | 1.89 | 1.80 | 1.75 | 1.68 | 1.71 | 1.77 | 1.86 | 1.81 | 1.89 | 1.89 | 1.95 | 1.86 | 1.93 | 1.76 | 1.80 | 1.74 | 1.76 | — | — | — | — | ||||||||
| KLA Corp. | 4.73 | 4.82 | 5.10 | 5.27 | 6.24 | 8.99 | 2.95 | 2.89 | 2.89 | 3.04 | 3.19 | 3.34 | 3.39 | 3.48 | 3.83 | 3.46 | 3.47 | 3.39 | 3.22 | 3.51 | 3.60 | 3.47 | 4.09 | 4.41 | 3.89 | ||||||||
| Lam Research Corp. | 2.30 | 2.29 | 2.29 | 2.31 | 2.53 | 2.74 | 2.75 | 2.58 | 2.67 | 2.64 | 2.85 | 2.79 | 2.78 | 2.81 | 2.85 | 2.72 | 2.50 | 2.57 | 2.44 | 1.86 | 2.06 | 1.92 | 2.01 | 2.10 | 1.71 | ||||||||
| Micron Technology Inc. | 1.49 | 1.46 | 1.45 | 1.41 | 1.38 | 1.33 | 1.32 | 1.33 | 1.33 | 1.34 | 1.32 | 1.33 | 1.35 | 1.38 | 1.38 | 1.34 | 1.36 | 1.36 | 1.31 | 1.37 | 1.32 | 1.34 | 1.46 | 1.61 | 1.65 | ||||||||
| NVIDIA Corp. | 1.81 | 1.86 | 1.90 | 1.82 | 1.72 | 1.66 | 1.71 | 1.83 | 1.64 | 1.70 | 1.75 | 1.81 | 1.78 | 1.42 | 1.41 | 1.43 | 1.44 | 1.42 | 1.44 | 1.46 | 1.49 | — | — | — | — | ||||||||
| ON Semiconductor Corp. | — | 1.70 | 1.77 | 1.83 | 1.90 | 1.94 | 1.96 | 2.00 | 2.04 | 2.10 | 2.17 | 2.27 | 2.38 | 2.45 | 2.70 | 2.94 | 2.93 | 2.55 | 2.65 | 2.60 | 2.37 | — | — | — | — | ||||||||
| Qualcomm Inc. | 2.26 | 2.37 | 2.37 | 2.46 | 2.66 | 2.72 | 2.93 | 3.32 | 3.78 | 4.14 | 4.74 | 5.01 | 5.08 | 5.86 | 9.78 | 10.49 | 7.34 | 6.71 | 6.25 | 8.80 | 9.47 | 35.22 | 2.69 | 2.69 | 2.69 | ||||||||
| Texas Instruments Inc. | 2.05 | 1.91 | 1.90 | 1.94 | 1.92 | 1.87 | 1.80 | 1.75 | 1.80 | 1.85 | 1.92 | 1.85 | 1.93 | 2.11 | 2.19 | 2.28 | 2.23 | 2.02 | 2.00 | 2.05 | 2.05 | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-02-03), 10-K (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-K (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-K (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-30), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-Q (reporting date: 2020-02-01), 10-K (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-02), 10-K (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-Q (reporting date: 2018-02-03).
1 Q1 2024 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity
= 48,388,464 ÷ 35,548,073 = 1.36
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Analog Devices Inc. financial leverage ratio decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Interest Coverage
Analog Devices Inc., interest coverage calculation (quarterly data)
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | Feb 2, 2019 | Nov 3, 2018 | Aug 4, 2018 | May 5, 2018 | Feb 3, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||||||||||
| Net income | 462,727) | 498,430) | 877,019) | 977,656) | 961,474) | 936,226) | 748,985) | 783,273) | 280,077) | 75,687) | 503,311) | 422,905) | 388,519) | 386,526) | 362,665) | 267,696) | 203,874) | 277,694) | 362,374) | 367,937) | 355,006) | 432,965) | 414,464) | 379,831) | 268,172) | ||||||||
| Add: Income tax expense | 50,691) | 73,356) | (2,198) | 110,267) | 111,999) | 111,786) | 98,952) | 95,972) | 43,478) | (231,854) | 68,967) | 53,080) | 48,099) | 30,784) | 10,364) | 27,365) | 22,343) | 10,133) | 27,184) | 40,460) | 44,940) | 24,557) | 26,130) | 21,716) | 70,682) | ||||||||
| Add: Interest expense | 77,141) | 71,590) | 69,346) | 63,252) | 60,453) | 47,707) | 51,189) | 49,548) | 51,964) | 54,621) | 44,659) | 43,066) | 42,479) | 48,593) | 45,914) | 49,985) | 48,813) | 50,775) | 59,871) | 59,701) | 58,728) | 59,102) | 61,665) | 64,792) | 68,030) | ||||||||
| Earnings before interest and tax (EBIT) | 590,559) | 643,376) | 944,167) | 1,151,175) | 1,133,926) | 1,095,719) | 899,126) | 928,793) | 375,519) | (101,546) | 616,937) | 519,051) | 479,097) | 465,903) | 418,943) | 345,046) | 275,030) | 338,602) | 449,429) | 468,098) | 458,674) | 516,624) | 502,259) | 466,339) | 406,884) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Interest coverage1 | 11.83 | 14.63 | 17.96 | 19.23 | 19.42 | 16.46 | 10.14 | 9.06 | 7.26 | 8.19 | 11.64 | 10.46 | 9.14 | 7.79 | 7.05 | 6.72 | 6.99 | 7.49 | 7.97 | 8.13 | 7.96 | 7.46 | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | |||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 5.79 | 1.05 | -2.15 | 2.73 | 14.61 | 33.91 | 69.08 | 104.42 | 109.09 | 87.31 | 63.00 | 41.84 | 28.23 | 17.71 | 10.58 | 7.71 | 4.96 | — | — | — | — | — | — | — | ||||||||
| Applied Materials Inc. | 34.86 | 33.42 | 32.62 | 33.39 | 34.20 | 34.33 | 34.58 | 34.95 | 33.14 | 29.69 | 26.24 | 21.94 | 19.19 | 18.36 | 16.68 | 15.79 | 15.35 | 14.79 | 15.40 | 17.25 | 19.81 | 21.06 | — | — | — | ||||||||
| Broadcom Inc. | 6.88 | 10.31 | 10.09 | 9.94 | 8.83 | 8.16 | 7.22 | 6.28 | 5.69 | 4.59 | 4.06 | 3.40 | 2.82 | 2.37 | 2.19 | 2.24 | 2.50 | 2.54 | 3.36 | 4.52 | 6.10 | 8.24 | — | — | — | ||||||||
| KLA Corp. | 13.03 | 13.76 | 15.81 | 18.22 | 20.31 | 22.76 | 21.81 | 20.60 | 17.91 | 16.00 | 14.05 | 10.71 | 9.97 | 9.22 | 8.12 | 9.19 | 9.95 | 11.40 | 14.09 | 15.78 | 15.05 | 13.73 | — | — | — | ||||||||
| Micron Technology Inc. | -13.14 | -13.58 | -7.73 | 10.11 | 36.19 | 51.66 | 58.47 | 51.74 | 45.03 | 35.18 | 24.82 | 19.35 | 17.83 | 16.41 | 14.78 | 15.68 | 28.05 | 56.09 | 78.27 | 73.31 | 61.90 | 42.83 | — | — | — | ||||||||
| NVIDIA Corp. | 18.63 | 16.96 | 23.23 | 31.40 | 39.65 | 43.12 | 38.65 | 34.29 | 26.81 | 24.96 | 28.27 | 34.95 | 56.66 | 58.12 | 43.98 | 44.64 | 54.11 | 68.17 | — | — | — | — | — | — | — | ||||||||
| ON Semiconductor Corp. | — | 34.90 | 32.08 | 26.51 | 23.87 | 25.89 | 21.78 | 19.87 | 15.24 | 9.88 | 6.79 | 4.44 | 2.86 | 2.05 | 1.82 | 0.86 | 1.64 | 2.87 | — | — | — | — | — | — | — | ||||||||
| Qualcomm Inc. | 12.44 | 11.72 | 15.28 | 22.27 | 26.92 | 31.61 | 31.54 | 24.20 | 21.71 | 19.38 | 18.60 | 16.10 | 13.40 | 10.50 | 6.17 | 13.70 | 13.71 | 12.93 | 9.89 | 3.10 | 2.46 | 1.67 | — | — | — | ||||||||
| Texas Instruments Inc. | 17.87 | 22.01 | 26.51 | 33.49 | 42.10 | 47.88 | 51.88 | 52.00 | 51.03 | 49.47 | 46.81 | 42.15 | 36.25 | 32.67 | 29.59 | 30.50 | 32.50 | 34.69 | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-02-03), 10-K (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-K (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-K (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-30), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-Q (reporting date: 2020-02-01), 10-K (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-02), 10-K (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-Q (reporting date: 2018-02-03).
1 Q1 2024 Calculation
Interest coverage
= (EBITQ1 2024
+ EBITQ4 2023
+ EBITQ3 2023
+ EBITQ2 2023)
÷ (Interest expenseQ1 2024
+ Interest expenseQ4 2023
+ Interest expenseQ3 2023
+ Interest expenseQ2 2023)
= (590,559 + 643,376 + 944,167 + 1,151,175)
÷ (77,141 + 71,590 + 69,346 + 63,252)
= 11.83
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Analog Devices Inc. interest coverage ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |