Cisco Systems Inc (CSCO)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	45,457,000	45,457,000	44,353,000	44,353,000	39,773,000
Debt-to-equity ratio		0.00	0.43	0.00	0.15	0.00

July 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $45,457,000K
= 0.00

The debt-to-equity ratio of Cisco Systems Inc has varied over the years according to the provided data. As of July 31, 2022, the company had a debt-to-equity ratio of 0.00, indicating that it had no debt and relied solely on equity financing. In the following year, the ratio increased to 0.15, suggesting a moderate level of debt in the company's capital structure. However, by July 31, 2023, the ratio returned to 0.00, signaling a return to a debt-free position.

Subsequently, the debt-to-equity ratio climbed to 0.43 as of July 27, 2024, indicating a significant increase in debt relative to equity. This suggests that the company may have taken on more debt to fund its operations or investments. By July 31, 2024, the ratio once again decreased to 0.00, implying that Cisco Systems Inc had reduced its debt levels or increased its equity.

Overall, the fluctuations in the debt-to-equity ratio of Cisco Systems Inc over the years indicate varying levels of debt and equity financing in the company's capital structure. Investors and stakeholders may need to closely monitor these changes to assess the company's financial health and risk profile.