Bill Com Holdings Inc (BILL)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 914,000 | 1,704,780 | 1,697,980 | 989,381 | — |
| Total assets | US$ in thousands | 9,178,810 | 9,636,020 | 9,256,030 | 5,969,170 | 2,404,020 |
| Debt-to-assets ratio | 0.10 | 0.18 | 0.18 | 0.17 | 0.00 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $914,000K ÷ $9,178,810K
= 0.10
The debt-to-assets ratio of Bill Com Holdings Inc has gradually increased over the years, from 0.00 as of June 30, 2020, to 0.18 as of June 30, 2022 and June 30, 2023. This suggests that the company's proportion of debt to assets has been on the rise, indicating a higher reliance on debt financing to support its operations and investments. However, there was a slight decrease to 0.10 as of June 30, 2024, which could indicate a potential reduction in debt levels relative to the company's assets, possibly reflecting improved financial stability. Further monitoring of this ratio will be important to assess the company's overall financial health and leverage position.
Peer comparison
Jun 30, 2024