Oracle Corporation (ORCL)

Debt-to-capital ratio

		May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	20,969,000	8,704,000	1,556,000	-5,768,000	5,952,000
Debt-to-capital ratio		0.00	0.00	0.00	—	0.00

May 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $20,969,000K)
= 0.00

The debt-to-capital ratio for Oracle Corporation, as reflected in the provided data, indicates a consistent pattern of absence of debt funding over the specified period. Specifically, on May 31, 2021, and May 31, 2023 through May 31, 2025, the ratio is recorded at 0.00, demonstrating that the company's capital structure during these dates was entirely composed of equity, with no debt employed. The data for May 31, 2022, is marked with an em dash ("—"), which suggests a lack of available information or that the ratio was not applicable or measurable at that time. Overall, the consistent presentation of a debt-to-capital ratio of zero highlights Oracle's strategy or financial position during this period, reflecting a substantial reliance on internal funding sources rather than debt issuance for its capital needs. This financial structure points to a low financial leverage profile, potentially reducing the company's interest obligations and financial risk but also possibly limiting leverage-based growth opportunities.