Analog Devices debt and dilution80

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$9,121.583M

Cash & equivalents

USD millions

$2,165.87M

Net debt

USD millions

$6,955.713M

Debt / equity

0.27×

Debt / assets

18.84%

Net debt / EBITDA

× · TTM

1.01×

Debt / FCF

× · TTM

1.85×

Interest coverage

× · TTM

14.07×

Current ratio

1.25×

Diluted shares

Million shares

488.84M shares

Basic shares

Million shares

486.02M shares

Share count growth

-1.69%

Share repurchases

USD millions

$1,157.008M

Quarterly data

Analog Devices capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q3	Aug 1, 2026	9,121.58	2,165.87	6,955.71	0.27×	18.84%	1.01×	1.85×	14.07×	1.25×	488.84	486.02	-1.69%	1,157.01
FY 2026 Q2	May 2, 2026	8,684.85	2,436.92	6,247.93	0.26×	18.11%	1.02×	1.9×	12.12×	1.75×	490.46	487.61	-1.73%	772.9
FY 2026 Q1	Jan 31, 2026	8,682.22	2,905.86	5,776.36	0.26×	18.09%	1.07×	1.9×	10.46×	1.76×	491.66	488.87	-1.46%	516.5
FY 2025 Q4	Nov 1, 2025	8,591.71	2,499.41	6,092.3	0.25×	17.9%	1.24×	2.01×	9.23×	2.19×	493.24	490.84	-1.13%	680.47
FY 2025 Q3	Aug 2, 2025	8,688.6	2,321.19	6,367.41	0.25×	18.03%	1.39×	2.36×	8.18×	2.32×	496.73	494.39	-0.39%	1,075.15
FY 2025 Q2	May 3, 2025	7,197.14	2,376.24	4,820.9	0.21×	15.2%	1.12×	2.19×	7.01×	2.08×	498.2	496.17	0.01%	248.65
FY 2025 Q1	Feb 1, 2025	7,566.81	2,349.99	5,216.82	0.22×	15.77%	1.29×	2.38×	6.05×	1.93×	498.67	496.12	0.07%	160.37
FY 2024 Q4	Nov 2, 2024	7,981.69	1,991.34	5,990.35	0.23×	16.55%	1.45×	2.56×	6.31×	1.84×	498.72	496.44	-0.13%	94.88
FY 2024 Q3	Aug 3, 2024	8,102.42	2,106.03	5,996.39	0.23×	16.67%	1.42×	2.75×	6.75×	1.69×	498.79	496.34	-0.74%	117.98
FY 2024 Q2	May 4, 2024	8,058.69	1,939.7	6,119	0.23×	16.49%	1.3×	2.63×	8.59×	1.58×	498.53	496.13	-1.7%	222.38
FY 2024 Q1	Feb 3, 2024	6,990.44	1,303.56	5,686.88	0.2×	14.45%	1.03×	2.16×	11.65×	1.51×	498.74	495.77	-2.24%	180.35
FY 2023 Q4	Oct 28, 2023	6,948.73	958.06	5,990.67	0.2×	14.24%	0.98×	1.95×	14.45×	1.37×	500.42	497.08	-2.96%	469.94
FY 2023 Q3	Jul 29, 2023	7,061.79	1,149.25	5,912.54	0.2×	14.31%	0.89×	1.91×	17.82×	1.71×	503.5	500.02	-3.29%	686.51
FY 2023 Q2	Apr 29, 2023	6,770.71	1,177.61	5,593.1	0.19×	13.67%	0.85×	1.71×	19.11×	1.79×	508.73	504.72	-3.38%	1,152.95
FY 2023 Q1	Jan 28, 2023	6,576.87	1,670.46	4,906.4	0.18×	13.09%	0.77×	1.54×	19.36×	2.12×	511.18	507.12	-3.46%	654.56
FY 2022 Q4	Oct 29, 2022	6,548.63	1,470.57	5,078.05	0.18×	13.02%	0.91×	1.73×	16.36×	2.02×	515.76	512.23	5.98%	818.18
FY 2022 Q3	Jul 30, 2022	6,276.87	1,524.96	4,751.91	0.17×	12.47%	1.06×	1.68×	10.97×	1.92×	520.55	517.01	40.31%	905.97
FY 2022 Q2	Apr 30, 2022	6,276.87	1,737.73	4,539.13	0.17×	12.36%	1.19×	1.96×	9.92×	1.99×	526.26	522.37	41.63%	776.84
FY 2022 Q1	Jan 29, 2022	6,276.87	1,790.4	4,486.47	0.17×	12.26%	1.48×	2.26×	8.2×	2.09×	530.14	525.29	42.28%	76.02
FY 2021 Q4	Oct 30, 2021	6,776.87	1,977.96	4,798.9	0.18×	12.95%	1.73×	2.83×	9.16×	1.94×	487.78	483.35	30.89%	2,095.99
FY 2021 Q3	Jul 31, 2021	—	1,480.7	—	—	—	—	—	11.49×	1.11×	371.85	368.48	-0.09%	163.28
FY 2021 Q2	May 1, 2021	—	1,305.22	—	—	—	—	—	10.35×	1.05×	372.42	368.82	0.16%	188.81
FY 2021 Q1	Jan 30, 2021	—	1,048.06	—	—	—	—	—	9.03×	1.57×	373.11	369.2	0.26%	157.06
FY 2020 Q4	Oct 31, 2020	—	1,055.86	—	—	—	—	—	7.75×	1.84×	372.32	369.28	0.06%	7.22
FY 2020 Q3	Aug 1, 2020	—	1,090.26	—	—	—	—	—	7.03×	1.47×	372	368.79	-0.2%	17.65
FY 2020 Q2	May 2, 2020	—	784.94	—	—	—	—	—	6.7×	1.3×	371.31	368.22	-0.28%	113.58
FY 2020 Q1	Feb 1, 2020	—	654.41	—	—	—	—	—	6.97×	1.08×	372.26	368.24	-0.13%	106.03
FY 2019 Q4	Nov 2, 2019	—	648.32	—	—	—	—	—	7.47×	1.32×	372.58	369.05	-0.55%	172.39
FY 2019 Q3	Aug 3, 2019	—	612.16	—	—	—	—	—	7.94×	1.35×	373.08	369.53	-0.48%	112
FY 2019 Q2	May 4, 2019	—	713.6	—	—	—	—	—	8.1×	1.52×	373.34	369.25	-0.31%	101.52
FY 2019 Q1	Feb 2, 2019	—	605.86	—	—	—	—	—	7.91×	2.34×	372.51	368.7	-0.11%	227.09
FY 2018 Q4	Nov 3, 2018	—	816.59	—	—	—	—	—	7.42×	1.5×	375.12	371.07	0.82%	184.12
FY 2018 Q3	Aug 4, 2018	—	772.58	—	—	—	—	—	7.04×	1.58×	375.82	371.32	1.09%	11.95
FY 2018 Q2	May 5, 2018	—	806.52	—	—	—	—	—	5.61×	1.53×	374.78	370.38	8.52%	21.98
FY 2018 Q1	Feb 3, 2018	—	827.55	—	—	—	—	—	4.32×	1.76×	374.19	369.09	19.53%	7.93
FY 2017 Q4	Oct 28, 2017	—	1,047.84	—	—	—	—	—	4.21×	1.47×	372.05	368.04	19.55%	10.6
FY 2017 Q3	Jul 29, 2017	—	908.57	—	—	—	—	—	4.26×	1.99×	371.16	367.32	19.59%	8.96
FY 2017 Q2	Apr 29, 2017	—	5,697.74	—	—	—	—	—	6.05×	1.38×	345.65	341.32	10.53%	23.87
FY 2017 Q1	Jan 28, 2017	—	4,987.26	—	—	—	—	—	9.29×	8.91×	313.08	308.79	-0.76%	3.11
FY 2016 Q4	Oct 29, 2016	—	921.13	—	—	—	—	—	11.58×	6.35×	311.63	307.85	-1.59%	1.41
FY 2016 Q3	Jul 30, 2016	—	1,103.67	—	—	—	—	—	13.74×	6.97×	310.56	307.14	-2.15%	23.02
FY 2016 Q2	Apr 30, 2016	—	1,119.66	—	—	—	—	—	17.25×	6.76×	312.25	308.79	-1.24%	213.65
FY 2016 Q1	Jan 30, 2016	—	1,470.44	—	—	—	—	—	24.46×	7.82×	314.79	311.17	-0.03%	131.98
FY 2015 Q4	Oct 31, 2015	—	884.35	—	—	—	—	—	30.74×	3.66×	316.57	312.83	0%	111.7
FY 2015 Q3	Aug 1, 2015	—	557.5	—	—	—	—	—	26.07×	3.92×	318.19	313.88	-0.1%	31.34
FY 2015 Q2	May 2, 2015	—	636.22	—	—	—	—	—	23.21×	3.79×	317.05	312.66	-0.26%	24.28
FY 2015 Q1	Jan 31, 2015	—	650.2	—	—	—	—	—	22.39×	6.01×	315.68	311.27	-0.32%	59.64
FY 2014 Q4	Nov 1, 2014	—	569.23	—	—	—	—	—	21.63×	5.38×	316.87	312.82	0.58%	187.38
FY 2014 Q3	Aug 2, 2014	—	2,585.44	—	—	—	—	—	28.37×	2.26×	318.88	314.19	1.64%	57.39
FY 2014 Q2	May 3, 2014	—	402.79	—	—	—	—	—	29.1×	9.87×	318.35	313.49	1.97%	22.61
FY 2014 Q1	Feb 1, 2014	—	417.23	—	—	—	—	—	28.58×	10.53×	318.02	312.29	2.9%	88.96
FY 2013 Q4	Nov 2, 2013	—	392.09	—	—	—	—	—	27.79×	9.59×	317.22	311.01	3.44%	42.81
FY 2013 Q3	Aug 3, 2013	—	460.07	—	—	—	—	—	28.64×	10.66×	315.31	309.12	3.58%	3.8
FY 2013 Q2	May 4, 2013	—	595.63	—	—	—	—	—	30.16×	9.75×	313.37	307.44	3.12%	4.52
FY 2013 Q1	Feb 2, 2013	—	795.8	—	—	—	—	—	30.36×	9.47×	310.28	303.48	1.91%	17
FY 2012 Q4	Nov 3, 2012	—	528.83	—	—	—	—	—	31.19×	8.94×	307.95	300.68	0.59%	20.8
FY 2012 Q3	Aug 4, 2012	—	462.15	—	—	—	—	—	32.33×	8.97×	305.36	298.45	-0.39%	17.34
FY 2012 Q2	May 5, 2012	—	695.07	—	—	—	—	—	35.27×	8.1×	305.92	298.13	-0.6%	44.02
FY 2012 Q1	Feb 4, 2012	—	1,097.44	—	—	—	—	—	43.31×	8.82×	305.53	297.79	-0.48%	78.38
FY 2011 Q4	Oct 29, 2011	—	1,405.1	—	—	—	—	—	55.99×	8.35×	305.73	298.91	0.23%	82.82
FY 2011 Q3	Jul 30, 2011	—	1,357.82	—	—	—	—	—	71.15×	7.8×	308.74	299.62	0.53%	66.28
FY 2011 Q2	Apr 30, 2011	—	1,894.76	—	—	—	—	—	89.51×	7.3×	309.62	299.92	0.7%	67.55
FY 2011 Q1	Jan 29, 2011	—	1,570.32	—	—	—	—	—	94.24×	6.14×	308.85	299.22	1.22%	113.61
FY 2010 Q4	Oct 30, 2010	—	1,070	—	—	—	—	—	86.3×	5.41×	306.71	298.23	2.22%	35.8
FY 2010 Q3	Jul 31, 2010	—	993.43	—	—	—	—	—	71.1×	5.5×	306.17	298.03	2.28%	—
FY 2010 Q2	May 1, 2010	—	1,008.37	—	—	—	—	—	—	5.45×	305.84	297.83	—	—
FY 2010 Q1	Jan 30, 2010	—	914.27	—	—	—	—	—	—	6.29×	304.87	295.61	—	0
FY 2009 Q4	Oct 31, 2009	—	639.73	—	—	—	—	—	69.57×	6.44×	294.02	291.74	—	0
FY 2009 Q3	Aug 1, 2009	—	632.72	—	—	—	—	—	—	6.67×	293.08	291.39	—	0.18

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · ADI, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.

SEC company facts · CIK 6281