Analog Devices

As of August 2, 2025, ADI reported cash and short-term investments of roughly $3.47B versus total debt of about $8.69B (including commercial paper), with a long-dated notes ladder extending to 2054. TTM operating cash flow of ~$4.16B and FCF of ~$3.68B provide strong coverage, with net debt around 1.4x TTM FCF.

The company repaid the 2025 maturity and faces manageable near-term maturities (e.g., 2026 and 2027 notes). Liquidity and cash generation comfortably support dividends, buybacks, and capex through cycles.