Palo Alto Networks Inc (PANW)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
July 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $7,824,400K
= 0.00
The debt-to-equity ratio for Palo Alto Networks Inc. has remained at zero across all observed fiscal years, specifically for the dates July 31 in 2021, 2022, 2023, 2024, and 2025. This consistency indicates that the company has not reported any interest-bearing debt relative to its equity during this period. As a result, Palo Alto Networks appears to have maintained an entirely equity-financed capital structure without reliance on debt financing. This can suggest a conservative approach to leverage, potentially reflecting a strategic choice to operate with minimal or no debt, or it may indicate limited debt issuance or borrowing activities during these years. Such a financial structure could contribute to a lower financial risk profile; however, it might also impact the company's ability to leverage debt for growth opportunities.