Cisco Systems Inc (CSCO)
Debt-to-assets ratio
| Jul 31, 2024 | Jul 27, 2024 | Jul 31, 2023 | Jul 29, 2023 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 19,621,000 | — | 6,658,000 | — |
| Total assets | US$ in thousands | 124,413,000 | 124,413,000 | 101,852,000 | 101,852,000 | 94,002,000 |
| Debt-to-assets ratio | 0.00 | 0.16 | 0.00 | 0.07 | 0.00 |
July 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $124,413,000K
= 0.00
The debt-to-assets ratio for Cisco Systems Inc has shown fluctuations over the past few years, according to the provided data. As of July 31, 2022, the company had a debt-to-assets ratio of 0.00, indicating that it had no debt on its balance sheet relative to its total assets. This suggests a strong financial position with minimal reliance on debt for financing.
However, the ratio increased to 0.07 by July 29, 2023, indicating a slight increase in debt relative to assets. By July 27, 2024, the ratio further increased to 0.16, representing a higher proportion of debt in relation to assets compared to the previous year.
Nevertheless, by July 31, 2024, the ratio reverted back to 0.00, signaling a return to a debt-free status. It is essential for investors and stakeholders to closely monitor Cisco Systems Inc's debt levels and the trend in the debt-to-assets ratio to assess the company's financial health and leverage risk.
Peer comparison
Jul 31, 2024