F5 Networks Inc (FFIV)

Debt-to-equity 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-equity ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.14	0.15	0.16	0.18	0.15	0.17	0.17	0.19	0.00	0.00	0.00	0.00

December 31, 2023 calculation

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

The debt-to-equity ratio of F5 Inc has been consistently low at 0.00 for the past five quarters. However, the ratio slightly increased to 0.14 in Q4 2022 and then decreased to 0.15 in Q3 and Q2 2022. This indicates that F5 Inc relies less on debt to finance its operations and is predominantly funded by shareholders' equity. Overall, the company has maintained a strong financial position with a minimal level of debt compared to its equity across the analyzed periods.