F5 Networks Inc (FFIV)

Debt-to-equity ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Long-term debt	US$ in thousands	—	—	0	349,772	369,047
Total stockholders’ equity	US$ in thousands	3,129,380	2,800,230	2,468,980	2,360,210	2,232,270
Debt-to-equity ratio		0.00	0.00	0.00	0.15	0.17

September 30, 2024 calculation

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

The debt-to-equity ratio of F5 Networks Inc has been consistently low at 0.00 for the past three fiscal years, indicating that the company has been primarily financed by equity rather than debt. This could suggest a conservative financial approach, minimizing the company's financial risk associated with debt obligations. However, it is worth noting that in the two preceding fiscal years, the debt-to-equity ratio was slightly higher at 0.15 and 0.17, indicating a slight increase in the company's leverage over time. Shareholders may view a low debt-to-equity ratio positively as it implies lower financial risk and a strong equity base. Overall, the trend in F5 Networks Inc's debt-to-equity ratio suggests a balanced approach to capital structure management.