Oracle Corporation (ORCL)

Debt-to-assets ratio

		May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019
Long-term debt	US$ in thousands	76,264,000	82,470,000	82,468,000	84,442,000	86,420,000	86,396,000	81,173,000	75,480,000	72,110,000	72,165,000	73,433,000	75,970,000	75,995,000	63,541,000	63,531,000	67,769,000	69,226,000	49,320,000	50,670,000	50,692,000
Total assets	US$ in thousands	140,976,000	137,082,000	134,324,000	136,662,000	134,384,000	131,620,000	128,469,000	130,309,000	109,297,000	108,644,000	106,897,000	122,924,000	131,107,000	118,109,000	110,014,000	113,546,000	115,438,000	96,704,000	98,443,000	106,229,000
Debt-to-assets ratio		0.54	0.60	0.61	0.62	0.64	0.66	0.63	0.58	0.66	0.66	0.69	0.62	0.58	0.54	0.58	0.60	0.60	0.51	0.51	0.48

May 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $76,264,000K ÷ $140,976,000K
= 0.54

The debt-to-assets ratio of Oracle Corporation has fluctuated over the past few years, ranging from 0.48 to 0.69. This ratio measures the proportion of a company's total assets that are financed through debt. A higher ratio indicates that a larger portion of the company's assets is funded by debt, implying higher financial leverage and potential risk.

Oracle's debt-to-assets ratio peaked at 0.69 in the third quarter of 2021, indicating that a significant portion of its assets were funded through debt at that time. Subsequently, the ratio decreased to 0.54 in the first quarter of 2021 before gradually rising again to 0.60 in the second quarter of 2024.

Overall, Oracle's debt-to-assets ratio has generally been above 0.50, suggesting that the company relies moderately on debt to finance its operations and investments. Investors and analysts may monitor this ratio closely to assess Oracle's financial risk and leverage levels.