Cisco Systems Inc (CSCO)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.43 | 0.00 | 0.44 | 0.00 | 0.14 | 0.00 | 0.15 | 0.00 | 0.15 | 0.00 | 0.16 | 0.00 | 0.18 | 0.00 | 0.19 |
July 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $47,116,000K
= 0.00
The debt-to-equity ratio of Cisco Systems Inc. has historically been very low, reflecting a conservative leverage profile for the company. For most of the observed periods, the ratio was either 0.19 or close to zero, indicating minimal reliance on debt financing relative to shareholders' equity. Specifically, the ratio fluctuated marginally between approximately 0.14 and 0.19 during the period from October 2022 through July 2024, reinforcing the notion of a low debt burden and a strong equity position.
However, a noteworthy anomaly appears in the data at the April 2024 and July 2024 reporting dates, where the ratio exhibits a significant spike to approximately 0.44 and 0.43, respectively. This suggests a temporary increase in leverage, possibly due to specific financing activities or changes in balance sheet composition during that period. Despite this spike, subsequent data points revert to a ratio of 0.00, implying that the elevated leverage was short-lived or offset by reductions in debt or increases in equity.
Overall, the long-term trend indicates that Cisco Systems maintains a prudent approach to debt management, with minimal long-term leverage. The brief periods of increased ratio may reflect strategic financial maneuvers or accounting adjustments but do not significantly alter the company’s generally conservative capital structure. This low and stable or transiently elevated debt-to-equity ratio aligns with a risk-averse financial strategy aimed at maintaining liquidity and financial flexibility.
Peer comparison
Jul 31, 2025