F5 Networks Inc (FFIV)

Debt-to-equity 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-equity ratio		0.00	0.00	0.00	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

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 for F5 Networks Inc has shown stability with consistent values of 0.00 for several quarters, indicating that the company has not utilized debt in its capital structure during those periods. This suggests that the company has been predominantly financed by equity, which may be perceived positively by investors as it signifies a lower financial risk and less reliance on external borrowing. However, there was a notable increase in the ratio in the fourth quarter of 2021, reaching 0.14, and gradually rising to 0.19 by the first quarter of 2020. This indicates a shift towards a slightly more leveraged position during that period, potentially signaling an increased use of debt to finance operations or growth initiatives. Overall, the low debt-to-equity ratios indicate a relatively conservative financial management approach by F5 Networks Inc.