A10 Network (ATEN)

Debt-to-equity 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-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, 2024 calculation

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

Based on the data provided, A10 Network has consistently maintained a debt-to-equity ratio of 0.00 across all reported periods from December 31, 2019, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt or minimal debt relative to its equity. This suggests that A10 Network has been funding its operations primarily through equity financing rather than relying on borrowed funds. A low debt-to-equity ratio is generally viewed positively as it signifies lower financial risk and indicates that the company may be better positioned to weather economic downturns or financial challenges. However, it is important to note that a very low debt-to-equity ratio may also indicate underutilization of debt as a potential source of cheaper financing.