Debt to Equity
since 2005
Calculation
Autodesk Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Long-term notes payable, net, including current portion1 | ÷ | Stockholders’ equity (deficit)1 | |
|---|---|---|---|---|---|
| Jan 31, 2024 | 1.23 | = | 2,284) | ÷ | 1,855) |
| Jan 31, 2023 | 1.99 | = | 2,281) | ÷ | 1,145) |
| Jan 31, 2022 | 3.09 | = | 2,628) | ÷ | 849) |
| Jan 31, 2021 | 1.70 | = | 1,637) | ÷ | 966) |
| Jan 31, 2020 | — | = | 2,085) | ÷ | (139) |
| Jan 31, 2019 | — | = | 2,088) | ÷ | (211) |
| Jan 31, 2018 | — | = | 1,586) | ÷ | (256) |
| Jan 31, 2017 | 2.03 | = | 1,491) | ÷ | 734) |
| Jan 31, 2016 | 0.92 | = | 1,488) | ÷ | 1,620) |
| Jan 31, 2015 | 0.34 | = | 747) | ÷ | 2,219) |
| Jan 31, 2014 | 0.33 | = | 746) | ÷ | 2,262) |
| Jan 31, 2013 | 0.36 | = | 746) | ÷ | 2,043) |
| Jan 31, 2012 | 0.00 | = | —) | ÷ | 1,883) |
| Jan 31, 2011 | 0.00 | = | —) | ÷ | 1,609) |
| Jan 31, 2010 | 0.00 | = | —) | ÷ | 1,474) |
| Jan 31, 2009 | 0.04 | = | 52) | ÷ | 1,311) |
| Jan 31, 2008 | 0.00 | = | —) | ÷ | 1,231) |
| Jan 31, 2007 | 0.00 | = | —) | ÷ | 1,115) |
| Jan 31, 2006 | 0.00 | = | —) | ÷ | 791) |
| Jan 31, 2005 | 0.00 | = | —) | ÷ | 648) |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).
1 US$ in millions
The analysis of the financial data reveals several notable trends related to long-term notes payable, stockholders' equity, and the debt-to-equity ratio over the period from 2005 to 2024.
- Long-term notes payable, net, including current portion (US$ in millions)
- This liability item shows data starting in 2009, with a value of 52 million USD. From that point, there is a marked and consistent increase with some fluctuations. Significant growth occurred between 2010 and 2017, where the long-term notes payable rose from 746 million USD to a peak of 2,088 million USD in 2020. Although some decreases are observed in 2021 and 2022, the values generally remain high in comparison to the early figures, indicating increasing reliance on long-term debt financing over the analyzed period.
- Stockholders’ equity (deficit) (US$ in millions)
- The equity position shows an upward trend from 648 million USD in 2005, reaching a maximum of 2,262 million USD by 2014. However, after 2014, equity deteriorates sharply, turning negative between 2017 (-256 million USD) and 2019 (-139 million USD), signaling periods of potential financial distress or significant write-downs. From 2020 onwards, stockholders’ equity recovers substantially, increasing to 1,855 million USD by 2024, albeit with some volatility. This trajectory encapsulates a cycle of growth, decline, and recovery within the equity base.
- Debt to equity ratio
- Data for this ratio is sporadic but indicative of evolving leverage. Initial readings from 2009 show a low ratio of 0.04, suggesting minimal debt relative to equity at that time. The ratio escalates steadily, peaking around 2018 at 3.09, which corresponds with the period when equity was negative, implying very high leverage or indebtedness relative to the equity base. After 2018, the ratio decreases, falling to 1.23 by 2024, signaling a reduction in leverage or an improvement in equity levels. Overall, the firm experienced a phase of rising financial risk, followed by a deleveraging trend in recent years.
Comparison to Competitors
Autodesk Inc., debt to equity, long-term trends, comparison to competitors
| Autodesk Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 31, 2024 | 1.23 | 0.04 | 0.40 | 0.53 | 0.32 | — | 2.01 | 0.33 | 0.29 | 9.98 | 0.00 | 0.19 | 0.17 | 0.15 | 0.00 | 0.37 |
| Jan 31, 2023 | 1.99 | 0.01 | 0.22 | 0.19 | 0.51 | — | 2.51 | 0.35 | 0.31 | 84.33 | 0.00 | 1.14 | 0.20 | 0.20 | 0.00 | 0.53 |
| Jan 31, 2022 | 3.09 | 0.00 | 0.29 | 0.27 | 0.72 | — | 2.32 | 0.42 | 0.39 | — | 0.00 | 17.51 | 0.19 | 0.30 | 0.00 | 0.41 |
| Jan 31, 2021 | 1.70 | 0.00 | 0.28 | 0.13 | 0.85 | — | 2.74 | 0.21 | 0.50 | 16.08 | 0.00 | 5.08 | 0.07 | 0.43 | 0.02 | 0.55 |
| Jan 31, 2020 | — | 0.00 | 0.31 | 0.14 | 0.00 | 2.52 | 2.99 | 0.66 | 0.62 | 5.93 | 0.13 | 2.80 | 0.09 | 0.58 | 0.03 | 0.51 |
| Jan 31, 2019 | — | 0.00 | 0.39 | 0.16 | — | 2.85 | 3.02 | 0.12 | 0.77 | 2.58 | — | 0.90 | 0.22 | 0.33 | 0.03 | 0.62 |
| Jan 31, 2018 | — | 0.00 | 0.44 | 0.35 | — | 2.90 | 2.73 | 0.19 | 0.97 | 1.33 | — | 1.99 | 0.21 | 0.60 | 0.13 | 0.94 |
| Jan 31, 2017 | 2.03 | 0.00 | 0.22 | 0.74 | — | 1.42 | 2.66 | 0.36 | 1.23 | 1.08 | — | 0.69 | 0.32 | 2.01 | 0.04 | 0.46 |
| Jan 31, 2016 | 0.92 | 0.00 | 0.26 | 0.93 | — | 1.28 | 2.31 | 0.86 | 0.76 | 0.93 | — | 0.64 | 0.36 | 1.31 | 0.06 | 0.45 |
| Jan 31, 2015 | 0.34 | 0.00 | 0.27 | 0.25 | — | 1.39 | 2.80 | 0.21 | 0.44 | 0.86 | — | 1.00 | 0.49 | 0.84 | 0.07 | 0.44 |
| Jan 31, 2014 | 0.33 | 0.00 | 0.22 | 0.52 | — | 1.20 | 3.44 | 0.16 | 0.25 | 0.52 | — | 1.00 | 0.79 | 1.04 | 0.02 | 0.41 |
| Jan 31, 2013 | 0.36 | 0.01 | 0.23 | 0.28 | — | 0.89 | 1.74 | 0.14 | 0.20 | 0.41 | — | 0.00 | 0.25 | 1.05 | 0.04 | 0.04 |
| Jan 31, 2012 | 0.00 | 0.00 | 0.23 | 0.49 | — | 1.06 | 1.76 | 0.18 | 0.18 | 0.38 | — | 0.00 | 0.35 | 0.00 | 0.05 | — |
| Jan 31, 2011 | 0.00 | 0.00 | 0.26 | 1.04 | — | 1.10 | 1.56 | 0.38 | 0.21 | 0.40 | — | — | 0.38 | — | 0.00 | — |
| Jan 31, 2010 | 0.00 | 0.00 | 0.29 | 1.99 | — | 1.09 | 1.24 | 0.35 | 0.13 | 0.48 | — | — | 0.45 | — | 0.00 | — |
| Jan 31, 2009 | 0.04 | 0.00 | 0.20 | 4.02 | — | 0.95 | 1.15 | 0.39 | 0.15 | 0.41 | — | — | 0.01 | — | 0.00 | — |
| Jan 31, 2008 | 0.00 | 0.00 | 0.08 | 4.91 | — | 1.01 | 2.52 | 0.48 | 0.00 | 0.49 | — | — | 0.00 | — | 0.00 | — |
| Jan 31, 2007 | 0.00 | 0.01 | 0.00 | 0.35 | — | 0.99 | 1.24 | 0.49 | 0.00 | 0.45 | — | — | 0.00 | — | 0.00 | — |
| Jan 31, 2006 | 0.00 | 0.03 | 0.00 | 0.45 | — | 0.52 | 0.80 | 0.00 | 0.00 | 0.39 | — | — | 0.00 | — | 0.00 | — |
| Jan 31, 2005 | 0.00 | 0.04 | 0.00 | 0.31 | — | 0.50 | 0.68 | 0.00 | 0.00 | 0.26 | — | — | 0.01 | — | 0.00 | — |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).
Comparison to Sector (Software & Services)
Autodesk Inc., debt to equity, long-term trends, comparison to sector (software & services)
| Autodesk Inc. | Software & Services | |
|---|---|---|
| Jan 31, 2024 | 1.23 | 0.54 |
| Jan 31, 2023 | 1.99 | 0.64 |
| Jan 31, 2022 | 3.09 | 0.71 |
| Jan 31, 2021 | 1.70 | 0.83 |
| Jan 31, 2020 | — | 0.95 |
| Jan 31, 2019 | — | 1.04 |
| Jan 31, 2018 | — | 1.08 |
| Jan 31, 2017 | 2.03 | 1.14 |
| Jan 31, 2016 | 0.92 | 0.90 |
| Jan 31, 2015 | 0.34 | 0.73 |
| Jan 31, 2014 | 0.33 | 0.54 |
| Jan 31, 2013 | 0.36 | 0.46 |
| Jan 31, 2012 | 0.00 | 0.44 |
| Jan 31, 2011 | 0.00 | 0.47 |
| Jan 31, 2010 | 0.00 | 0.46 |
| Jan 31, 2009 | 0.04 | 0.45 |
| Jan 31, 2008 | 0.00 | 0.56 |
| Jan 31, 2007 | 0.00 | 0.50 |
| Jan 31, 2006 | 0.00 | 0.31 |
| Jan 31, 2005 | 0.00 | 0.26 |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).
Comparison to Industry (Information Technology)
Autodesk Inc., debt to equity, long-term trends, comparison to industry (information technology)
| Autodesk Inc. | Information Technology | |
|---|---|---|
| Jan 31, 2024 | 1.23 | 0.61 |
| Jan 31, 2023 | 1.99 | 0.66 |
| Jan 31, 2022 | 3.09 | 0.70 |
| Jan 31, 2021 | 1.70 | 0.83 |
| Jan 31, 2020 | — | 0.97 |
| Jan 31, 2019 | — | 0.98 |
| Jan 31, 2018 | — | 0.83 |
| Jan 31, 2017 | 2.03 | 0.81 |
| Jan 31, 2016 | 0.92 | 0.66 |
| Jan 31, 2015 | 0.34 | 0.56 |
| Jan 31, 2014 | 0.33 | 0.39 |
| Jan 31, 2013 | 0.36 | 0.29 |
| Jan 31, 2012 | 0.00 | 0.25 |
| Jan 31, 2011 | 0.00 | 0.27 |
| Jan 31, 2010 | 0.00 | 0.25 |
| Jan 31, 2009 | 0.04 | 0.26 |
| Jan 31, 2008 | 0.00 | 0.29 |
| Jan 31, 2007 | 0.00 | 0.27 |
| Jan 31, 2006 | 0.00 | 0.20 |
| Jan 31, 2005 | 0.00 | 0.15 |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).