Accenture plc (ACN)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
August 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $28,288,600K
= 0.00
The debt-to-equity ratio for Accenture plc has been consistently reported as 0.00 for the past five years, from August 31, 2020, to August 31, 2024. This implies that the company has had no debt in relation to its equity during this period. A debt-to-equity ratio of 0.00 indicates that the company's operations have been primarily financed through equity rather than debt. This low ratio suggests a conservative capital structure, where the company may have a strong financial position with lower financial risk compared to companies with higher levels of debt. It also indicates that Accenture plc may not be heavily reliant on borrowing to fund its operations or growth, which could provide a sense of stability to investors and creditors. Monitoring this ratio over time can provide insight into the company's financial strategy and risk management practices.
Peer comparison
Aug 31, 2024