A10 Network (ATEN)
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 | 231,829 | 207,876 | 181,012 | 208,888 | 115,974 |
| 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 + $231,829K)
= 0.00
A10 Network has consistently maintained a debt-to-capital ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt as a significant portion of its capital structure during this period. A debt-to-capital ratio of 0.00 signifies that the company's total debt is either minimal or non-existent in relation to its total capital, which includes both debt and equity. This could imply that A10 Network has been relying more on equity financing rather than debt financing to fund its operations and investments. A low or zero debt-to-capital ratio is generally considered favorable as it indicates lower financial risk and potentially lower interest expenses. However, it's important to consider the overall financial health and growth strategies of the company in conjunction with this ratio to get a more comprehensive understanding of its financial management and risk exposure.
Peer comparison
Dec 31, 2024