DocuSign Inc (DOCU)

Debt-to-assets ratio

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	0	684,861	720,677	719,616	718,487	718,821	730,272	742,577	693,219	486,149	479,105	472,162
Total assets	US$ in thousands	4,012,700	3,770,210	3,753,940	2,926,690	2,971,290	3,337,630	3,267,400	3,129,900	3,012,720	2,731,580	2,667,350	2,574,130	2,541,260	2,410,500	2,355,690	2,297,120	2,336,510	2,051,120	2,053,310	1,921,490
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.25	0.27	0.28	0.28	0.30	0.31	0.32	0.30	0.24	0.23	0.25

January 31, 2025 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,012,700K
= 0.00

The debt-to-assets ratio is a financial metric that indicates the proportion of a company's assets financed by debt. DocuSign Inc's debt-to-assets ratio has fluctuated over the reported periods.

From April 30, 2020, to July 31, 2022, the ratio ranged between 0.23 and 0.32, indicating that the company financed between 23% and 32% of its assets through debt during this period. The ratio peaked in April 30, 2021, at 0.32, suggesting higher reliance on debt to fund assets.

Starting from January 31, 2022, the debt-to-assets ratio began to decrease, reaching 0.27 on July 31, 2022. This downward trend continued until October 31, 2024, where the ratio steadily decreased to 0.00, indicating that the company no longer had any debt financing its assets.

The significant decline in the debt-to-assets ratio from January 31, 2022, to October 31, 2024, suggests that DocuSign Inc significantly reduced its debt levels or paid off its debt entirely during this period. This reduction in debt could positively impact the company's financial stability, leverage, and risk profile.