Cisco Systems Inc (CSCO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 47,116,000 | 45,935,000 | 45,530,000 | 45,277,000 | 45,457,000 | 45,457,000 | 45,768,000 | 45,768,000 | 46,251,000 | 46,251,000 | 45,210,000 | 45,210,000 | 44,353,000 | 44,353,000 | 42,295,000 | 42,295,000 | 41,474,000 | 41,474,000 | 40,272,000 | 40,272,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.30 | 0.00 | 0.31 | 0.00 | 0.13 | 0.00 | 0.13 | 0.00 | 0.13 | 0.00 | 0.14 | 0.00 | 0.16 | 0.00 | 0.16 |
July 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $47,116,000K)
= 0.00
The debt-to-capital ratio for Cisco Systems Inc. over the period from October 2022 through July 2025 shows a pattern characterized by low levels of leverage, with notable fluctuations at specific points in time. Initially, the ratio was approximately 0.16 at the end of October 2022 and January 2023, indicating that the company's debt constituted around 16% of its capital structure, reflecting a conservative leverage approach. However, during the same periods, the ratio dropped to zero, which likely corresponds to reporting anomalies or adjustments in the company's capital structure reporting.
From April 2023 onward, the ratio generally remained low, around 0.13 to 0.14, maintaining a conservative debt profile with minimal reliance on debt financing. This trend persisted through July 2023 and October 2023, with the ratio oscillating slightly but remaining near these low levels. The pattern indicates that Cisco kept debt levels modest in these periods, emphasizing a stable capital structure with limited leverage.
In April 2024, the ratio notably increased to approximately 0.31, signaling a significant rise in debt relative to capital. This shift could suggest strategic debt issuance or other financial restructuring activities. However, subsequent periods saw the ratio revert to near zero, implying the reduction or repayment of the elevated debt levels, thereby returning to a conservative leverage stance.
Overall, Cisco’s debt-to-capital ratio demonstrates a pattern of predominantly low leverage, predominantly hovering around 0.13 to 0.16, punctuated by brief periods of increased debt in early 2024. The recurring pattern of ratios returning to zero suggests consistent adjustments or reporting practices, but the underlying trend indicates a reliance on minimal debt in maintaining capital stability over the observed periods.
Peer comparison
Jul 31, 2025