F5 Networks Inc (FFIV)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	0	0	0	344,954	349,772	354,591	359,410	364,229	369,047	373,866	378,685	—	0	—	—
Total assets	US$ in thousands	5,348,860	5,248,330	5,119,160	5,223,250	5,085,570	5,276,190	5,021,290	5,077,170	5,086,910	4,997,280	4,785,120	4,519,190	4,899,340	4,677,920	4,573,360	4,440,980	3,875,360	3,390,280	3,177,280	2,990,240
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.07	0.07	0.07	0.08	0.07	0.08	0.08	0.09	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,348,860K
= 0.00

The debt-to-assets ratio for F5 Inc has consistently been at 0.00 for the first four quarters of 2023 and all of 2024, indicating that the company has not incurred any debt relative to its total assets during these periods. There was a slight increase to 0.07 in the fourth quarter of 2022 and remained at this level for the third and second quarters of 2022. This suggests that in the past, F5 Inc had a modest amount of debt relative to its total assets, but the company has since reduced or eliminated this debt based on the recent zero ratios. A debt-to-assets ratio of 0.00 typically indicates a lower financial risk for the company, as it implies that the business is primarily funded by equity rather than debt.