Cisco Systems Inc (CSCO)
Debt-to-assets ratio
| Jul 27, 2024 | Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Jul 25, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 19,621,000 | 6,658,000 | 8,416,000 | 9,018,000 | 11,578,000 |
| Total assets | US$ in thousands | 124,413,000 | 101,852,000 | 94,002,000 | 97,497,000 | 94,853,000 |
| Debt-to-assets ratio | 0.16 | 0.07 | 0.09 | 0.09 | 0.12 |
July 27, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $19,621,000K ÷ $124,413,000K
= 0.16
Cisco Systems Inc's debt-to-assets ratio has fluctuated over the past five years, ranging from 0.07 to 0.16. The ratio indicates the proportion of the company's assets that are financed by debt. In the most recent year, as of July 27, 2024, Cisco had a debt-to-assets ratio of 0.16, suggesting that 16% of its total assets were financed through debt.
Compared to the previous years, Cisco's debt-to-assets ratio appears to be higher in 2024. This could indicate an increase in the company's reliance on debt financing relative to its assets. However, it is essential to consider industry norms and the company's overall financial health when interpreting this ratio in isolation.
Overall, while the fluctuation in Cisco's debt-to-assets ratio may indicate varying levels of leverage over the years, a deeper analysis is necessary to fully understand the implications for the company's financial position and risk management strategies.
Peer comparison
Jul 27, 2024