F5 Networks Inc (FFIV)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	3,129,380	3,010,740	2,933,270	2,860,980	2,800,230	2,657,500	2,725,560	2,582,350	2,468,980	2,322,980	2,397,130	2,405,360	2,360,210	2,192,170	2,007,820	2,401,590	2,232,270	2,153,900	1,998,190	1,929,460
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.13	0.13	0.14	0.15	0.13	0.14	0.15	0.16	0.00

September 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,129,380K)
= 0.00

The debt-to-capital ratio of F5 Networks Inc has been consistently low over the past few quarters, indicating a conservative capital structure. The ratio remained at 0.00 for the majority of the quarters, highlighting that the company has not relied heavily on debt to finance its operations or expansion. However, there was a slight increase in the ratio in the recent quarters, with values of 0.13, 0.14, and 0.15, suggesting a small increase in the proportion of debt relative to the total capital employed.

Overall, the trend in the debt-to-capital ratio for F5 Networks Inc reflects a cautious approach to financial leverage, which can be seen as a positive sign of financial stability and sustainability. It is essential to monitor future changes in the ratio to assess the company's capital structure and its ability to manage debt effectively.