F5 Networks Inc (FFIV)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	2,800,230	2,468,980	2,360,210	2,232,270	1,761,500
Debt-to-equity ratio		0.00	0.00	0.15	0.17	0.00

September 30, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,800,230K
= 0.00

The debt-to-equity ratio is a key financial metric that indicates the proportion of a company's financing that comes from debt compared to equity. A low debt-to-equity ratio generally indicates lower financial risk and a stronger financial position, while a high ratio may suggest that the company is more leveraged and could be at higher risk.

Looking at the historical trend of F5 Inc's debt-to-equity ratio, we can observe the following:

- As of September 30, 2023, F5 Inc reported a debt-to-equity ratio of 0.00, indicating that the company had no debt and its financing was entirely sourced from equity. This could signify a conservative financial approach and minimal financial risk in the given period.

- In the previous year, as of September 30, 2022, the debt-to-equity ratio was 0.14, reflecting a slight increase from the current year. This suggests that F5 Inc may have taken on more debt relative to equity compared to the most recent period.

- Additionally, in the fiscal year ending September 30, 2021, the debt-to-equity ratio was 0.16, indicating a slight increase from the prior year. This suggests a continuation of the trend of slightly higher reliance on debt financing compared to equity.

- Moreover, as of September 30, 2020, the ratio stood at 0.17, which was relatively consistent with the previous year. This indicates that the company's debt-to-equity structure remained relatively stable during this period.

- Notably, as of September 30, 2019, F5 Inc also reported a debt-to-equity ratio of 0.00, which suggests that the company had no debt and was entirely financed by equity, similar to the most recent period.

In summary, the trend in F5 Inc's debt-to-equity ratio demonstrates a period of minimal debt reliance in the current year, with a historical pattern of either low debt or no debt, indicating a conservative and financially stable capital structure. However, the slight increase observed in the previous years might signal a shift towards a slightly more leveraged position, and thus, it would be essential to monitor future financial decisions regarding capital structure to assess any long-term implications.