Palo Alto Networks Inc (PANW)
Debt-to-capital ratio
| Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 7,824,400 | 5,169,700 | 1,748,400 | 210,000 | 763,600 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
July 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $7,824,400K)
= 0.00
The debt-to-capital ratio for Palo Alto Networks Inc. has consistently been reported as zero across all the given periods, from July 31, 2021 through July 31, 2025. This indicates that the company has maintained an entirely equity-financed capital structure during this timeframe, with no reliance on debt to fund its operations or growth initiatives. Such a stable and zero debt-to-capital ratio suggests a conservative financial approach, potentially minimizing financial leverage risk. It also reflects that the company's capital structure has not been levered through debt issuance, which could imply strong cash reserves or retained earnings are sufficient to support its activities without debt. Consequently, the company’s leverage ratio demonstrates a low-risk profile in terms of debt obligations relative to its overall capital.