Box Inc (BOX)

Debt-to-capital ratio

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Long-term debt	US$ in thousands	370,822	369,351	367,463	297,614	40,000
Total stockholders’ equity	US$ in thousands	-431,062	-523,851	-395,087	151,065	22,357
Debt-to-capital ratio		—	—	—	0.66	0.64

January 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $370,822K ÷ ($370,822K + $-431,062K)
= —

The debt-to-capital ratio for Box Inc was not available for the fiscal years ending on January 31, 2024 and January 31, 2023. However, for the prior three years, the company's debt-to-capital ratio was 0.66 as of January 31, 2022 and 0.64 as of January 31, 2021.

A debt-to-capital ratio indicates the proportion of a company's capital that is financed by debt. A higher ratio suggests a higher level of financial risk, as more of the company's operations are funded by debt rather than equity.

In the case of Box Inc, the trend in the debt-to-capital ratio over the past few years shows a slight increase from 0.64 in 2021 to 0.66 in 2022. This increase may indicate that the company has taken on more debt relative to its capital structure, potentially increasing its financial risk.

It is important for investors and analysts to closely monitor changes in the debt-to-capital ratio over time to assess the company's financial health and risk profile.