Accenture plc (ACN)
Debt-to-capital ratio
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 28,288,600 | 25,692,800 | 22,106,100 | 19,529,500 | 17,000,500 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
August 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $28,288,600K)
= 0.00
The debt-to-capital ratio of Accenture plc has consistently been at 0.00 for the past five years, including as of August 31, 2024. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 signifies that the company's capital is entirely comprised of equity, which may be viewed positively by investors and creditors as it suggests a lower financial risk due to not having debt obligations to repay. However, it is essential to consider the context of the industry and company's specific financial strategy when interpreting this ratio.
Peer comparison
Aug 31, 2024