Arista Networks (ANET)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 7,219,060 | 4,885,820 | 3,978,600 | 3,320,290 | 2,894,690 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $7,219,060K
= 0.00
The debt-to-equity ratio for Arista Networks Inc has been consistently at 0.00 for the past five years, indicating that the company has not used any debt to finance its operations during this period. A debt-to-equity ratio of 0.00 signifies that the company's liabilities are either nonexistent or significantly lower than its equity, which may suggest a conservative financing strategy. This could be viewed positively by investors and creditors as it implies lower financial risk and the ability to manage operations without relying heavily on debt financing. However, it is essential to consider the company's overall financial health and growth prospects in conjunction with this ratio to gain a comprehensive understanding of its financial position.
Peer comparison
Dec 31, 2023