Pure Storage Inc (PSTG)
Debt-to-assets ratio
| Feb 4, 2024 | Feb 5, 2023 | Feb 6, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 100,000 | 0 | 786,779 | 755,814 | 477,007 |
| Total assets | US$ in thousands | 3,655,760 | 3,543,460 | 3,135,320 | 2,819,440 | 2,364,200 |
| Debt-to-assets ratio | 0.03 | 0.00 | 0.25 | 0.27 | 0.20 |
February 4, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $100,000K ÷ $3,655,760K
= 0.03
The debt-to-assets ratio for Pure Storage Inc has exhibited fluctuations over the past five years. In FY2024, the ratio stood at 0.03, indicating that only 3% of the company's total assets were financed by debt. This represents a slight increase compared to the previous year's ratio of 0.00, suggesting a minimal reliance on debt financing.
Contrastingly, in FY2022, the ratio spiked to 0.25, signaling that 25% of the company's assets were funded through debt. This substantial increase from the previous year's ratio of 0.27 may indicate a strategic shift towards leveraging debt to support asset growth or operational activities.
Comparing FY2021 and FY2020, the debt-to-assets ratio was relatively stable at 0.27 and 0.20, respectively. This implies that Pure Storage maintained a consistent level of debt relative to its total assets during those years.
Overall, Pure Storage Inc's debt-to-assets ratio has displayed variability, suggesting a mix of conservative and aggressive approaches to debt financing over the analyzed period. Further analysis of the company's financial strategy and performance would be necessary to fully understand the implications of these fluctuations.
Peer comparison
Feb 4, 2024