Cisco Systems Inc (CSCO)
Debt-to-assets ratio
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Jul 27, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | 19,621,000 | — | 20,102,000 | — | 6,669,000 | — | 6,660,000 | — | 6,658,000 | — | 6,663,000 | — | 7,637,000 | — | 7,629,000 |
| Total assets | US$ in thousands | 122,564,000 | 119,782,000 | 121,375,000 | 123,333,000 | 124,413,000 | 124,413,000 | 122,998,000 | 122,998,000 | 101,174,000 | 101,174,000 | 98,782,000 | 98,782,000 | 101,852,000 | 101,852,000 | 97,529,000 | 97,529,000 | 95,840,000 | 95,840,000 | 93,054,000 | 93,054,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.16 | 0.00 | 0.16 | 0.00 | 0.07 | 0.00 | 0.07 | 0.00 | 0.07 | 0.00 | 0.07 | 0.00 | 0.08 | 0.00 | 0.08 |
July 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $122,564,000K
= 0.00
The debt-to-assets ratio for Cisco Systems Inc. has historically been very low, primarily hovering around 0.07 to 0.08 from October 2022 through October 2024, indicating a conservative use of debt relative to total assets during this period. Notably, nearly all reported ratios for these periods are recorded as 0.00, suggesting either minimal or no debt in those quarters, or possibly inconsistencies in the reporting of debt relative to total assets.
However, a significant change is observed in the first quarter of 2024, where the ratio rises sharply to 0.16 in April 2024 and July 2024. This increase signifies a restructuring or increase in the company's debt levels relative to its total assets during this period. Despite this rise, the ratio remains relatively low, reflecting a cautious leverage approach.
Subsequently, from late 2024 onwards into 2025, the ratio returns to 0.00, implying that the company has either paid down its debt or restructured its balance sheet to eliminate debt obligations, returning to a debt-free or near-debt-free state.
Overall, Cisco's debt-to-assets ratio has remained predominantly low, indicating a conservative capital structure with limited leverage. The temporary increase in 2024 suggests a strategic or operational shift, but the subsequent decline points to a return to a more conservative financial stance, aligning with prudent financial management practices.
Peer comparison
Jul 31, 2025