Palo Alto Networks Inc (PANW)

Debt-to-assets ratio

		Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020
Long-term debt	US$ in thousands	—	—	0	1,668,100	3,084,100
Total assets	US$ in thousands	19,990,900	14,501,100	12,253,600	10,241,600	9,065,400
Debt-to-assets ratio		0.00	0.00	0.00	0.16	0.34

July 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $19,990,900K
= 0.00

The debt-to-assets ratio of Palo Alto Networks Inc has shown a declining trend over the five-year period from July 31, 2020, to July 31, 2024. The ratio decreased from 0.34 in 2020 to 0.16 in 2021, and then further decreased to 0.00 in the subsequent three years, indicating a significant improvement in the company's debt management and leverage position. A debt-to-assets ratio of 0.00 means that the company had no debt relative to its total assets in the last three years. This signifies a strong financial position with lower financial risk and a better ability to withstand potential economic downturns or operational challenges.