A10 Network (ATEN)
Debt-to-capital 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 | 207,876 | 181,012 | 208,888 | 115,974 | 108,787 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $207,876K)
= 0.00
The debt-to-capital ratio of A10 Networks Inc has consistently been at 0.00 over the last five years, from December 31, 2019, to December 31, 2023. This indicates that the company has not had any debt in its capital structure during these periods. A debt-to-capital ratio of 0.00 means that the company's total debt is zero relative to its total capital, which typically includes both debt and equity. This suggests that A10 Networks Inc has been maintaining a capital structure primarily funded by equity rather than debt. It also indicates a low financial risk associated with debt obligations. It is important to note that a 0.00 debt-to-capital ratio may not necessarily be ideal for all companies, as some level of debt can be beneficial for leveraging growth opportunities or tax benefits. However, in the case of A10 Networks Inc, their consistent 0.00 debt-to-capital ratio reflects a conservative approach to financing its operations.
Peer comparison
Dec 31, 2023