NetScout Systems Inc (NTCT)

Debt-to-assets ratio

		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	Sep 30, 2019	Jun 30, 2019
Long-term debt	US$ in thousands	100,000	100,000	100,000	100,000	100,000	200,000	200,000	200,000	350,000	350,000	350,000	350,000	350,000	450,000	450,000	450,000	450,000	450,000	450,000	500,000
Total assets	US$ in thousands	2,595,300	2,589,800	2,697,710	2,730,600	2,820,560	2,904,110	2,822,050	2,816,640	3,194,710	3,133,550	3,016,400	3,033,050	3,085,040	3,146,320	3,077,550	3,067,530	3,120,500	3,127,340	3,069,370	3,194,000
Debt-to-assets ratio		0.04	0.04	0.04	0.04	0.04	0.07	0.07	0.07	0.11	0.11	0.12	0.12	0.11	0.14	0.15	0.15	0.14	0.14	0.15	0.16

March 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $100,000K ÷ $2,595,300K
= 0.04

NetScout Systems Inc's debt-to-assets ratio has remained relatively stable at around 4% for the recent quarters. However, the ratio saw a slight increase from 7% in the third quarter of 2022 to 11% in the first quarter of 2022, before peaking at 16% in the fourth quarter of 2019. This suggests that the company has a low level of debt relative to its assets, indicating a conservative capital structure. Overall, the company's debt levels appear manageable, providing a favorable indication of its financial health and risk management practices.