Box Inc (BOX)

Debt-to-assets ratio

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Long-term debt	US$ in thousands	370,822	370,322	369,823	369,825	369,351	368,878	368,406	367,934	367,463	366,993	366,530	366,061	297,614	50,000	70,000	70,000	40,000	40,000	40,000	40,000
Total assets	US$ in thousands	1,241,160	1,033,820	1,068,140	1,108,670	1,207,160	1,056,450	1,066,310	1,171,590	1,392,010	1,405,080	1,525,610	1,310,130	1,351,680	941,561	960,511	948,913	959,991	843,918	827,316	825,721
Debt-to-assets ratio		0.30	0.36	0.35	0.33	0.31	0.35	0.35	0.31	0.26	0.26	0.24	0.28	0.22	0.05	0.07	0.07	0.04	0.05	0.05	0.05

January 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $370,822K ÷ $1,241,160K
= 0.30

The debt-to-assets ratio of Box Inc has shown some fluctuations over the past few quarters, ranging between 0.04 to 0.36. The ratio indicates the proportion of the company's assets financed by debt. A higher ratio suggests a greater reliance on debt for funding operations and growth.

In the latest reported period, Jan 31, 2024, the debt-to-assets ratio was 0.30, indicating that 30% of the company's assets were financed by debt. This ratio has been trending downwards since the peak in Oct 31, 2023, where it stood at 0.36. The decrease from 0.36 to 0.30 suggests a reduction in the company's reliance on debt as a source of financing over this period.

Looking back over the historical data, we observe fluctuations in the debt-to-assets ratio, with peaks in Oct 31, 2023 and Jul 31, 2023, and lower points in Jan 31, 2022 and Apr 30, 2021. The ratio was notably low in Oct 31, 2020, at 0.05, indicating a significant portion of assets were funded through equity rather than debt.

Overall, Box Inc's debt-to-assets ratio has demonstrated variability, suggesting shifts in the company's capital structure and financing decisions. Monitoring this ratio over time can provide insights into the company's financial health, risk profile, and capital allocation strategies.