Accenture plc (ACN)

Debt-to-assets ratio

		Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	51,245,300	47,263,400	43,175,800	37,078,600	29,789,900
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

August 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $51,245,300K
= 0.00

The debt-to-assets ratio for Accenture plc has consistently been reported as 0.00 for the past five years. This indicates that the company has not had any reported debt in relation to its assets within the given periods. A debt-to-assets ratio of 0.00 suggests that the company has not utilized debt to finance its operations, and it could be perceived as a positive indicator of financial stability and conservative financial management.

This consistent ratio over the years suggests that Accenture plc has primarily relied on its equity and retained earnings to fund its operations and growth, rather than taking on debt. Additionally, a low or zero debt-to-assets ratio is generally considered favorable by investors and creditors, as it signifies lower financial risk and potential for greater financial flexibility.

However, it's important to note that a debt-to-assets ratio of 0.00 does not necessarily mean that the company has absolutely no debt. It's possible that the amount of debt is extremely small in relation to the total assets, resulting in a rounded value of 0.00 when reported to two decimal places. As such, it would be prudent to consult the company's complete financial statements and accompanying notes for a comprehensive understanding of its debt obligations and financial structure.

In conclusion, the consistent 0.00 debt-to-assets ratio for Accenture plc suggests a strong financial position with minimal reliance on debt financing. This may reflect a prudent and conservative approach to managing its capital structure and financial risk.