Crowdstrike Holdings Inc (CRWD)

Debt-to-assets ratio

		Apr 30, 2024	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
Long-term debt	US$ in thousands	742,866	742,494	742,122	741,750	741,377	741,005	740,633	740,261	739,889	739,517	739,145	738,772	738,400	738,029	—	—	—	0	—	—
Total assets	US$ in thousands	6,841,980	6,646,520	5,831,060	5,520,460	5,137,860	5,026,540	4,469,440	4,154,240	3,835,840	3,618,380	3,299,620	3,136,040	2,881,170	2,732,530	1,749,510	1,616,950	1,519,400	1,404,910	1,256,050	1,171,590
Debt-to-assets ratio		0.11	0.11	0.13	0.13	0.14	0.15	0.17	0.18	0.19	0.20	0.22	0.24	0.26	0.27	0.00	0.00	0.00	0.00	0.00	0.00

April 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $742,866K ÷ $6,841,980K
= 0.11

The debt-to-assets ratio of Crowdstrike Holdings Inc has shown an increasing trend over the past few periods, indicating a higher level of debt relative to assets. From April 2020 to April 2024, the ratio has steadily risen from 0.00 to 0.11, reflecting a shift towards a more leveraged position. This upward trend suggests that the company has been relying more on debt to finance its operations and investments compared to its asset base.

The ratio hit a peak of 0.27 in January 2021, signaling a significant proportion of debt in relation to assets at that point in time. Subsequently, there has been a slight decrease in the ratio, but it has generally remained elevated, standing at 0.11 as of April 2024. This level indicates that Crowdstrike Holdings Inc still maintains a considerable amount of debt on its balance sheet.

It is essential for investors and stakeholders to monitor the debt-to-assets ratio closely, as a higher ratio could imply increased financial risk and potential challenges in meeting debt obligations. Additionally, a rising trend in the ratio may also indicate a company's limited ability to generate sufficient returns on its assets to cover its debt obligations.