F5 Networks Inc (FFIV)

Debt-to-assets ratio

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Long-term debt	US$ in thousands	—	0	349,772	369,047	0
Total assets	US$ in thousands	5,248,330	5,276,190	4,997,280	4,677,920	3,390,280
Debt-to-assets ratio		0.00	0.00	0.07	0.08	0.00

September 30, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,248,330K
= 0.00

The debt-to-assets ratio measures the proportion of a company's assets that are financed by debt. A lower ratio indicates a lower level of debt relative to assets, which is generally considered favorable as it suggests lower financial risk.

Looking at the trend for F5 Inc's debt-to-assets ratio from 2019 to 2023, we can see that there has been a fluctuation. In 2019 and 2023, the ratio was 0.00, indicating that the company had no debt relative to its assets. However, in 2020, the ratio increased to 0.08, signaling a higher proportion of debt financing compared to the company's assets. The ratio then decreased to 0.07 in both 2021 and 2022, suggesting a slight improvement in the company's debt management.

Overall, F5 Inc's debt-to-assets ratio has been relatively low and stable, with the exception of 2020 where there was a temporary increase. This indicates that the company has maintained a conservative approach to debt financing, which may be viewed positively by investors and creditors as it implies lower financial risk and greater financial stability. However, it's important to consider the reasons behind the temporary increase in 2020 and monitor the trend in future years to assess the company's long-term debt management strategy.