ServiceNow Inc (NOW)
Debt-to-assets ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,489,000 | 1,489,000 | 1,488,000 | 1,488,000 | 1,488,000 | 1,487,000 | 1,487,000 | 1,486,000 | 1,486,000 | 1,485,000 | 1,485,000 | 1,484,000 | 1,484,000 | 1,484,000 | 1,483,000 | 1,611,000 | 1,640,000 | 1,705,530 | 696,123 | 701,288 |
| Total assets | US$ in thousands | 20,383,000 | 18,434,000 | 18,207,000 | 17,544,000 | 17,387,000 | 15,091,000 | 14,923,000 | 13,614,000 | 13,299,000 | 11,106,000 | 11,102,000 | 10,993,000 | 10,798,000 | 9,478,000 | 9,187,000 | 8,822,000 | 8,715,000 | 7,705,460 | 6,521,310 | 6,197,420 |
| Debt-to-assets ratio | 0.07 | 0.08 | 0.08 | 0.08 | 0.09 | 0.10 | 0.10 | 0.11 | 0.11 | 0.13 | 0.13 | 0.13 | 0.14 | 0.16 | 0.16 | 0.18 | 0.19 | 0.22 | 0.11 | 0.11 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,489,000K ÷ $20,383,000K
= 0.07
The debt-to-assets ratio of ServiceNow Inc has been steadily decreasing over the past few years, indicating the company's improving financial health in terms of debt management and asset utilization. As of December 31, 2024, the ratio stands at 0.07, signaling that only 7% of the company's assets are financed by debt. This implies that ServiceNow Inc relies more on equity financing rather than debt to support its operations and investments, which can be viewed positively by investors and creditors. The consistent decline in the debt-to-assets ratio reflects the company's ability to effectively manage its debt levels relative to its asset base, potentially reducing financial risk and enhancing overall stability.
Peer comparison
Dec 31, 2024