Box Inc (BOX)

Debt-to-equity 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-equity ratio		—	—	—	1.97	1.79

January 31, 2024 calculation

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

The debt-to-equity ratio for Box Inc has not been provided for the most recent fiscal years, however, historical data shows a trend of increasing leverage over the past five years. In January 2020, the ratio was 1.79, indicating that the company had $1.79 in debt for every $1 of equity. By January 2021, this ratio further increased to 1.97, signaling a higher level of debt relative to equity.

Without the debt-to-equity ratio for the subsequent years, it is unclear whether this trend of increasing leverage has continued. A high debt-to-equity ratio can imply a higher level of financial risk and potential difficulties in meeting debt obligations. It would be important to assess the most recent debt-to-equity ratio, when available, to gain a current understanding of Box Inc's capital structure and financial risk.