Penguin Solutions, Inc. (PENG)
Debt-to-assets ratio
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,474,510 | 1,505,960 | 1,572,060 | 1,344,800 | 786,608 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
August 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,474,510K
= 0.00
The debt-to-assets ratio for Penguin Solutions, Inc. has consistently been reported as zero across all observed fiscal periods from August 31, 2020, through August 31, 2024. This indicates that the company has maintained no recorded debt or liabilities that contribute to its total assets during these years. Consequently, the company's capital structure appears to rely entirely on equity financing, with no reliance on borrowed funds. The sustained absence of debt suggests prudent financial management, a conservative leverage profile, or possibly that the company operates without significant external financing obligations within this timeframe.
Peer comparison
Aug 31, 2024