NetScout Systems Inc (NTCT)
Debt-to-assets ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 100,000 | 100,000 | 350,000 | 350,000 | 450,000 |
| Total assets | US$ in thousands | 2,595,300 | 2,820,560 | 3,194,710 | 3,085,040 | 3,120,500 |
| Debt-to-assets ratio | 0.04 | 0.04 | 0.11 | 0.11 | 0.14 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $100,000K ÷ $2,595,300K
= 0.04
The debt-to-assets ratio of NetScout Systems Inc has shown a decreasing trend over the past five years, declining from 0.14 in 2020 to 0.04 in 2024. This indicates that the company has been gradually reducing its reliance on debt to finance its assets.
A lower debt-to-assets ratio suggests that NetScout Systems Inc has a lower level of financial leverage, which can be seen as a positive indicator of financial health and stability. By maintaining a low debt-to-assets ratio, the company is better positioned to weather economic downturns and economic uncertainties.
Overall, the downward trend in NetScout Systems Inc's debt-to-assets ratio reflects a cautious approach to financial management and a healthy balance between debt and assets in its capital structure.
Peer comparison
Mar 31, 2024