A10 Network (ATEN)
Debt-to-capital 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 | 207,876 | 196,922 | 192,939 | 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 | 102,168 | 98,326 | 101,664 |
| 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, 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 recorded as 0.00 across all quarters from Q1 2022 to Q4 2023. This indicates that the company has not used any debt to finance its operations or capital expenditures during this period. A debt-to-capital ratio of 0.00 signifies that the firm's capital structure is entirely equity-funded, without any reliance on debt financing. While a debt-free approach can offer financial stability and lower interest expenses, it may also signal a missed opportunity to leverage debt for potential growth or tax advantages. A low or zero debt-to-capital ratio may be viewed positively by investors and creditors as it suggests lower financial risk and a strong financial position. However, it is essential to consider the optimal capital structure that balances risk and return to support the company's long-term growth and profitability.
Peer comparison
Dec 31, 2023