Palo Alto Networks Inc (PANW)
Debt-to-assets ratio
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 0 | 1,668,100 | 3,190,600 | 1,629,100 | 3,119,200 | 3,084,100 | 1,477,000 | 1,461,200 | 1,445,500 |
| Total assets | US$ in thousands | 19,990,900 | 17,930,800 | 18,292,000 | 14,808,500 | 14,501,100 | 14,170,500 | 13,163,400 | 12,543,800 | 12,253,600 | 11,100,000 | 10,400,500 | 10,426,400 | 10,241,600 | 9,562,100 | 9,488,400 | 8,726,500 | 9,065,400 | 6,501,800 | 7,184,100 | 6,824,800 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.16 | 0.33 | 0.17 | 0.36 | 0.34 | 0.23 | 0.20 | 0.21 |
July 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $19,990,900K
= 0.00
The debt-to-assets ratio for Palo Alto Networks Inc has shown fluctuations over the past few years, ranging from 0.00 to 0.36. In the most recent data, as of July 31, 2024, the company reported a debt-to-assets ratio of 0.00, indicating that there was no debt in relation to its total assets at that point.
Looking back at historical data, the company's debt-to-assets ratio has varied significantly. There was a notable increase in the ratio from January 2021 to January 2023, reaching a peak of 0.36 in October 2020. This indicates that during this period, the company had a higher level of debt compared to its total assets.
However, in the more recent periods since January 2023, the debt-to-assets ratio has been consistently low, hovering around 0.00. This suggests that Palo Alto Networks Inc has been managing its debt levels effectively and maintaining a stronger financial position with minimal reliance on debt to fund its operations or investments.
Overall, the trend in the debt-to-assets ratio reflects the company's changing capital structure and its ability to maintain a healthy balance between debt and assets over time.
Peer comparison
Jul 31, 2024