Salesforce.com Inc (CRM)

Debt-to-capital 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	8,427,000	8,426,000	8,424,000	9,421,000	9,419,000	9,418,000	9,416,000	9,595,000	10,592,000	10,591,000	10,589,000	2,672,000	2,673,000	2,672,000	2,673,000	2,673,000	2,673,000	2,824,000	2,973,000	3,173,000
Total stockholders’ equity	US$ in thousands	59,646,000	58,090,000	58,082,000	57,412,000	58,359,000	59,351,000	60,098,000	58,876,000	58,131,000	57,054,000	55,520,000	42,567,000	41,493,000	40,310,000	38,440,000	34,565,000	33,885,000	33,279,000	17,166,000	16,446,000
Debt-to-capital ratio		0.12	0.13	0.13	0.14	0.14	0.14	0.14	0.14	0.15	0.16	0.16	0.06	0.06	0.06	0.07	0.07	0.07	0.08	0.15	0.16

January 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $8,427,000K ÷ ($8,427,000K + $59,646,000K)
= 0.12

The debt-to-capital ratio of Salesforce Inc has remained relatively stable at around 0.14 to 0.15 over the past eight quarters. This indicates that the company's reliance on debt to finance its operations compared to its total capital has been consistent. A stable debt-to-capital ratio suggests that Salesforce Inc has maintained a balanced capital structure, with a healthy mix of debt and equity financing. Overall, this suggests that the company has been effectively managing its debt levels and maintaining financial stability over the recent quarters. It will be important to continue monitoring this ratio in future periods to ensure the company's financial health and leverage levels remain within a suitable range.