Accenture plc (ACN)
Debt-to-assets ratio
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 55,932,400 | 51,245,300 | 47,263,400 | 43,175,800 | 37,078,600 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
August 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $55,932,400K
= 0.00
Based on the provided data for Accenture plc, the debt-to-assets ratio has consistently been reported as 0.00 for the past five years, including the latest data for August 31, 2024. This ratio indicates that Accenture has not used debt financing to acquire its assets during this period.
A debt-to-assets ratio of 0.00 suggests that Accenture has funded its operations and asset acquisitions primarily through equity financing rather than taking on debt obligations. This could imply that the company has a strong financial position, as having no debt can reduce financial risk and interest expenses.
It is important to note that a debt-to-assets ratio of 0.00 may not necessarily be negative, as a healthy balance between debt and equity can vary based on industry norms and business strategies. In the case of Accenture, the consistent 0.00 ratio over the past five years indicates a deliberate financial strategy focused on maintaining a debt-free capital structure.
Peer comparison
Aug 31, 2024