F5 Networks Inc (FFIV)

Debt-to-assets ratio

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
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	—
Total assets	US$ in thousands	5,613,000	5,414,450	5,384,670	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
Debt-to-assets ratio		0.00	0.00	0.00	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

September 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,613,000K
= 0.00

The debt-to-assets ratio for F5 Networks Inc has shown a consistent trend of 0.00 or negligible debt levels throughout the quarters up to March 31, 2022. However, there was a slight increase in the ratio to 0.07 in December 31, 2021, which was maintained at the same level in the following quarters up to March 31, 2022. This suggests that the company had a very small amount of debt relative to its total assets during this period.

Overall, F5 Networks Inc has maintained a strong financial position with minimal debt obligations in recent quarters, indicating a low level of financial risk associated with debt. This could be viewed positively by investors and creditors as it implies a conservative approach to capital structure and financial management.