Box Inc (BOX)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	-431,062	-540,415	-536,964	-512,085	-523,851	-567,594	-579,504	-483,965	-395,087	-273,150	-152,987	124,813	151,065	87,562	59,592	40,848	22,357	20,775	22,266	30,538
Debt-to-equity ratio		—	—	—	—	—	—	—	—	—	—	—	2.93	1.97	0.57	1.17	1.71	1.79	1.93	1.80	1.31

January 31, 2024 calculation

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

The debt-to-equity ratio of Box Inc has shown fluctuations over the past several quarters. The ratio was 1.31 as of April 30, 2021, indicating a moderate level of debt compared to equity. Subsequently, the ratio increased to 1.80 as of July 31, 2021, and further rose to 1.93 by January 31, 2022, suggesting an increasing reliance on debt financing.

During the following quarters, the debt-to-equity ratio continued to fluctuate, reaching a peak of 2.93 as of April 30, 2023. This significant increase may signal higher debt levels relative to equity, potentially indicating increased financial risk for the company.

Overall, the trend in Box Inc's debt-to-equity ratio indicates a varying capital structure, with periods of higher and lower leverage. Investors and stakeholders may monitor this ratio closely to assess the company's financial risk and leverage levels over time.