A10 Network (ATEN)

Debt-to-capital ratio

Dec 31, 2024 Sep 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 231,829 217,270 214,309 207,876 196,922 192,938 185,501 181,012 160,734 194,759 185,977 208,888 203,595 124,505 124,659 115,974 121,701 110,860 113,252 108,787
Debt-to-capital 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, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $231,829K)
= 0.00

The debt-to-capital ratio of A10 Network has consistently been at 0.00 for all the periods provided starting from December 31, 2019, up to December 31, 2024. This indicates that the company has not been utilizing debt in its capital structure during these periods. A debt-to-capital ratio of 0.00 implies that the company's capital is entirely funded by equity rather than debt. This could be seen as a positive sign as it signifies a lower financial risk due to the absence of debt obligations. However, it is important to consider the potential implications of not utilizing debt, such as missed opportunities for leveraging financial leverage and tax advantages that debt can offer.