Pure Storage Inc (PSTG)
Debt-to-assets ratio
| Jan 31, 2025 | Feb 4, 2024 | Jan 31, 2024 | Feb 5, 2023 | Jan 31, 2023 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 100,000 | — | 0 | — |
| Total assets | US$ in thousands | 3,963,940 | 3,655,760 | 3,655,760 | 3,543,460 | 3,545,400 |
| Debt-to-assets ratio | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 |
January 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,963,940K
= 0.00
The debt-to-assets ratio of Pure Storage Inc has shown consistent stability, with a ratio of 0.00 as of January 31, 2023, February 5, 2023, and January 31, 2024. However, there was a slight increase to 0.03 as of February 4, 2024, before returning to 0.00 as of January 31, 2025. This indicates that, overall, the company has mostly relied on equity financing rather than debt to fund its assets, which may imply lower financial risk and potential for easier access to credit or capital.
Peer comparison
Jan 31, 2025
Company name
Symbol
Debt-to-assets ratio
Pure Storage Inc
PSTG
0.00
NetApp Inc
NTAP
0.00
Seagate Technology PLC
STX
0.67
Western Digital Corporation
WDC
0.23