Arista Networks (ANET)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 9,994,810 | 7,219,060 | 4,885,820 | 3,978,600 | 3,320,290 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $9,994,810K)
= 0.00
The debt-to-capital ratio of Arista Networks has consistently been reported as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its operations in relation to its total capital during this period. A debt-to-capital ratio of 0.00 signifies that Arista Networks relies primarily on equity financing rather than debt obligations, suggesting a strong financial position with low financial leverage. This may be viewed positively by investors and creditors as it indicates a lower level of financial risk and dependable financial stability.
Peer comparison
Dec 31, 2024