Arista Networks (ANET)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 14,043,900 | 9,956,640 | 6,775,410 | 5,734,430 | 4,738,920 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $14,043,900K
= 0.00
The debt-to-assets ratio of Arista Networks has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt as a source of financing relative to its total assets during this period. A lower debt-to-assets ratio is generally considered favorable as it implies lower financial risk and greater financial stability. Arista Networks' ability to operate with minimal debt suggests a strong financial position and potentially efficient operations that do not rely heavily on borrowed funds. This stable ratio over the years reflects the company's conservative approach towards debt management and its emphasis on maintaining a healthy balance sheet.
Peer comparison
Dec 31, 2024