Arista Networks (ANET)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 9,946,810 | 9,069,040 | 8,186,040 | 7,543,070 | 6,775,410 | 6,162,010 | 5,824,540 | 6,108,190 | 5,734,430 | 5,437,350 | 5,208,280 | 4,893,730 | 4,738,920 | 4,399,370 | 4,335,850 | 4,111,840 | 4,185,290 | 3,619,820 | 3,441,290 | 3,332,440 |
| Debt-to-assets 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 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,946,810K
= 0.00
The debt-to-assets ratio for Arista Networks Inc remained consistently at 0.00 across all quarters provided in the table. A debt-to-assets ratio of 0.00 indicates that the company has no debt in relation to its total assets, suggesting that Arista Networks Inc is financing its operations primarily through equity rather than debt. This strong financial position could signify that the company has a stable capital structure with lower financial risk and may have a better ability to weather economic downturns or invest in growth opportunities without the burden of significant debt obligations. However, it is also essential to consider other financial metrics and factors when evaluating the overall financial health and performance of the company.
Peer comparison
Dec 31, 2023