Cisco Systems Inc (CSCO)

Financial leverage 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
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
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
Financial leverage ratio		2.60	2.61	2.67	2.72	2.74	2.74	2.69	2.69	2.19	2.19	2.18	2.18	2.30	2.30	2.31	2.31	2.31	2.31	2.31	2.31

July 31, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $122,564,000K ÷ $47,116,000K
= 2.60

The financial leverage ratio of Cisco Systems Inc, as observed from October 2022 through July 2025, exhibits notable fluctuations over the reported periods. Initially, the ratio remained stable at 2.31 from October 2022 through April 2023, indicating a consistent level of leverage during this interval. A slight decrease to 2.30 was noted at the end of July 2023, followed by a more marked decline to 2.18 in October 2023, suggesting a reduction in leverage or a change in the company's capital structure.

From the beginning of 2024, the leverage ratio experienced a modest recovery and gradual upward trend, reaching 2.19 in January 2024. However, a significant increase is observed in April 2024, where the ratio jumps to 2.69. This upward trajectory continues through July 2024, with the ratio reaching 2.74, then slightly declining to 2.72 in October 2024.

Entering 2025, the leverage ratio demonstrates a downward trend again, decreasing to 2.67 in January 2025, followed by further reduction to approximately 2.61 by April 2025. The ratio stabilizes marginally around 2.60 in July 2025.

Throughout the period, the ratio indicates periods of stability interspersed with phases of significant change. The initial stability suggests consistent financial leverage levels, while the subsequent fluctuations reflect shifts in debt levels relative to equity or changes in debt management strategies. The notable rise in 2024 could signal increased borrowing activity or strategic leverage adjustments, whereas the subsequent decline may reflect deleveraging or changes in capital structure aimed at optimizing financial robustness. Overall, the leverage profile illustrates a dynamic balance between debt and equity financing strategies over the analyzed timeframe.