Palo Alto Networks Inc (PANW)
Debt-to-capital ratio
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 7,824,400 | 7,230,500 | 6,375,300 | 5,911,800 | 5,169,700 | 4,467,800 | 4,357,200 | 2,170,500 | 1,748,400 | 1,232,400 | 729,000 | 508,000 | 210,000 | 337,600 | 117,800 | 518,900 | 763,600 | 997,200 | 1,198,500 | 747,000 |
| Debt-to-capital 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 | 0.00 | 0.00 | 0.00 | 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 data indicates that Palo Alto Networks Inc has maintained a consistent debt-to-capital ratio of zero across multiple reporting periods, from October 2020 through October 2025. This persistent zero value suggests that the company has not utilized long-term or short-term debt as a component of its capital structure during this timeframe. Consequently, the firm appears to operate with a fully equity-funded capital structure, implying an absence of leverage through debt financing. This approach potentially signifies a conservative financial policy, minimizing financial risk associated with debt obligations, or it could reflect a strategic choice to fund operations and growth solely through equity. The continuous zero debt-to-capital ratio over several years indicates stability in the company's financing strategy and suggests that leverage has not been a significant element in its capital management during this period.