F5 Networks Inc (FFIV)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	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	1,761,500	1,623,780	1,467,410
Debt-to-capital ratio		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	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,860,980K)
= 0.00

The debt-to-capital ratio of F5 Inc has been consistently low at 0.00 in the recent quarters of Q1 2024, Q4 2023, Q3 2023, Q2 2023, and Q1 2023. This indicates that F5 Inc has not used a significant amount of debt to finance its operations relative to its capital structure during this period.

In the previous quarters of Q4 2022, Q3 2022, and Q2 2022, the debt-to-capital ratio was slightly higher at 0.12 and 0.13, indicating a slight increase in the utilization of debt compared to capital. However, these ratios are still relatively low, suggesting that F5 Inc has maintained a conservative approach to debt management.

Overall, the consistently low debt-to-capital ratio of F5 Inc implies that the company has a strong capital structure and is not heavily reliant on debt financing, which can be viewed positively by investors and creditors.