Accenture plc (ACN)

Debt-to-capital ratio

		Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	28,288,600	27,744,500	27,122,900	26,676,800	25,692,800	25,332,400	23,762,600	22,974,600	22,106,100	21,389,100	20,560,000	20,353,200	19,529,500	19,342,800	18,308,000	17,906,500	17,000,500	16,014,600	15,474,600	15,167,100
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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

Based on the data provided, Accenture plc has consistently maintained a debt-to-capital ratio of 0.00 across various periods up to Aug 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has not used any debt in its capital structure during these periods. This implies that Accenture's capital is primarily sourced from equity rather than debt financing. It suggests that the company has a strong financial position with low financial risk associated with debt obligations. However, it's worth noting that a zero debt-to-capital ratio may also indicate that the company is missing out on the potential tax advantages and leverage benefits that debt can offer. Overall, Accenture's consistent 0.00 debt-to-capital ratio over time indicates a conservative capital structure focused on equity financing.