Bill Com Holdings Inc (BILL)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,134,200 | 4,085,970 | 4,043,690 | 2,529,590 | 710,719 |
| Debt-to-capital ratio | 0.18 | 0.29 | 0.30 | 0.28 | 0.00 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $914,000K ÷ ($914,000K + $4,134,200K)
= 0.18
The debt-to-capital ratio for Bill Com Holdings Inc has shown a consistent increase over the past five years, growing from 0.00 in June 30, 2020 to 0.18 in June 30, 2024. This indicates that the company has been relying more on debt to finance its operations and investments compared to its capital over this period. However, the ratio remains relatively low, suggesting that the company's debt levels are still manageable in relation to its total capital. Overall, the gradual increase in the debt-to-capital ratio may signify a shift in the company's financial structure and strategy towards leveraging more debt to support its growth and expansion plans.
Peer comparison
Jun 30, 2024