Arista Networks (ANET)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 7,219,060 | 6,505,560 | 5,857,580 | 5,329,170 | 4,885,820 | 4,385,220 | 4,005,790 | 4,153,180 | 3,978,600 | 3,865,260 | 3,697,840 | 3,451,340 | 3,320,290 | 3,083,880 | 3,036,480 | 2,848,830 | 2,894,690 | 2,656,000 | 2,525,560 | 2,400,370 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $7,219,060K
= 0.00
Based on the data provided for Arista Networks Inc, the debt-to-equity ratio has consistently been recorded as 0.00 across all quarters in the given period. This indicates that the company has not used any debt to finance its operations and has relied solely on equity for funding. A debt-to-equity ratio of 0.00 typically signifies a conservative financial strategy, with a lower financial risk associated with debt repayment obligations. However, it's worth noting that a debt-to-equity ratio of 0.00 may also indicate a lack of leverage that could potentially limit the company's ability to take advantage of growth opportunities or optimize its capital structure for efficiency. Further analysis into the business strategy and financing decisions of Arista Networks Inc would be necessary to fully understand the implications of this consistent ratio.
Peer comparison
Dec 31, 2023