Salesforce.com Inc (CRM)

Debt-to-capital ratio

		Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021
Long-term debt	US$ in thousands	8,433,000	8,427,000	9,419,000	10,592,000	2,673,000
Total stockholders’ equity	US$ in thousands	61,173,000	59,646,000	58,359,000	58,131,000	41,493,000
Debt-to-capital ratio		0.12	0.12	0.14	0.15	0.06

January 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $8,433,000K ÷ ($8,433,000K + $61,173,000K)
= 0.12

The debt-to-capital ratio of Salesforce.com Inc has shown a gradual increase over the past few years, from 0.06 as of January 31, 2021, to 0.15 as of January 31, 2022. However, there has been some stabilization in the subsequent years, with the ratio remaining around 0.14 as of January 31, 2023, and January 31, 2024. In the most recent period, as of January 31, 2025, the ratio decreased slightly to 0.12. This indicates that the company's level of debt in relation to its total capital has fluctuated but has generally remained relatively stable over the years.