Salesforce.com Inc (CRM)

Debt-to-assets ratio

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Long-term debt	US$ in thousands	8,427,000	9,419,000	10,592,000	2,673,000	2,673,000
Total assets	US$ in thousands	99,823,000	98,849,000	95,209,000	66,301,000	55,126,000
Debt-to-assets ratio		0.08	0.10	0.11	0.04	0.05

January 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $8,427,000K ÷ $99,823,000K
= 0.08

The debt-to-assets ratio of Salesforce Inc has fluctuated over the past five years. In January 2024, the ratio stood at 0.09, indicating that only 9% of the company's assets were financed by debt. This marks a decrease from the previous year when the ratio was 0.11. Comparing to earlier years, in January 2022 and January 2023, the ratio was also 0.11, suggesting a relatively stable level of debt financing during that period.

However, it is noteworthy that the debt-to-assets ratio was lower in January 2021 and January 2020, at 0.04 and 0.05 respectively. This indicates that in those years, Salesforce Inc relied less on debt to fund its assets compared to the more recent years.

Overall, the trend in the debt-to-assets ratio suggests that Salesforce Inc has maintained a relatively conservative approach to debt financing in recent years, with a slight increase in debt reliance in the most recent period. Investors and stakeholders may find this information useful in assessing the company's financial risk and leverage position.