Guidewire Software Inc (GWRE)
Debt-to-assets ratio
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 397,171 | — | — | — |
| Total assets | US$ in thousands | 2,226,290 | 2,027,890 | 2,266,900 | 2,321,840 | 2,364,850 |
| Debt-to-assets ratio | 0.00 | 0.20 | 0.00 | 0.00 | 0.00 |
July 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,226,290K
= 0.00
The debt-to-assets ratio of Guidewire Software Inc, as per the data provided, has remained consistently low from July 31, 2020, to July 31, 2024, with a slight increase observed in July 31, 2023, where it reached 0.20. This ratio indicates that the company has been effectively managing its debt relative to its total assets, signaling a lower level of financial risk. However, the increase in the ratio in July 31, 2023, may suggest a potential increase in debt levels or a decrease in asset values during that period. Overall, the company's low debt-to-assets ratio reflects a strong financial position and a conservative approach to debt management.
Peer comparison
Jul 31, 2024