Arista Networks (ANET)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 9,946,810 | 6,775,410 | 5,734,430 | 4,738,920 | 4,185,290 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,946,810K
= 0.00
Arista Networks Inc has consistently maintained a debt-to-assets ratio of 0.00 over the past five years, including as of December 31, 2023. This indicates that the company has not utilized debt to fund its operations or expansion during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are primarily financed through equity rather than debt, showcasing a strong financial position and potentially lower financial risk. It also indicates that Arista Networks Inc may have sufficient internal resources or access to alternative forms of financing to support its growth and strategic initiatives without relying on borrowing. Overall, the stable and consistently low debt-to-assets ratio reflects a conservative financial approach and strong balance sheet management by Arista Networks Inc.
Peer comparison
Dec 31, 2023