Bill Com Holdings Inc (BILL)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	Jun 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
Long-term debt	US$ in thousands	1,678,500	914,822	914,000	1,146,250	1,708,210	1,706,490	1,704,780	1,838,140	1,813,970	1,774,770	1,697,980	609,528	639,501	639,127	989,381	897,871	886,052	—
Total assets	US$ in thousands	9,674,210	9,045,060	9,178,810	9,122,260	9,872,410	9,620,380	9,636,020	9,380,880	9,738,270	9,253,100	9,256,030	9,183,840	9,510,960	8,564,200	5,969,170	3,800,160	4,082,420	2,479,210
Debt-to-assets ratio		0.17	0.10	0.10	0.13	0.17	0.18	0.18	0.20	0.19	0.19	0.18	0.07	0.07	0.07	0.17	0.24	0.22	0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,678,500K ÷ $9,674,210K
= 0.17

The debt-to-assets ratio of Bill Com Holdings Inc has exhibited fluctuations over the analyzed period from 2020 to 2024. The ratio was at 0.00 as of September 30, 2020, indicating that the company had no debt relative to its total assets at that time. Subsequently, the ratio increased to 0.22 by December 31, 2020, signifying that 22% of the company's assets were financed by debt.

The ratio continued to rise to 0.24 by March 31, 2021, before experiencing fluctuations in the following quarters. Notably, there was a significant decrease in the debt-to-assets ratio to 0.07 by September 30, 2021, where only 7% of the company's assets were funded by debt. This lower ratio was maintained until December 31, 2021.

From March 31, 2022, to June 30, 2022, the ratio increased to 0.20, indicating a moderate increase in debt financing relative to assets. The ratio remained relatively stable around 0.18 to 0.19 from June 30, 2022, to September 30, 2022.

There was a slight increase in the ratio to 0.20 by March 31, 2023, before decreasing again to 0.18 by June 30, 2023, and remaining at this level until December 31, 2024. This suggests that the company maintained a conservative level of debt relative to its total assets during the latter part of the analyzed period.

Overall, the debt-to-assets ratio of Bill Com Holdings Inc ranged between 0.07 and 0.24 over the period, indicating varying levels of debt financing in relation to the company's total assets.