Pure Storage Inc (PSTG)
Debt-to-assets ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 4, 2024 | Jan 31, 2024 | Nov 5, 2023 | Oct 31, 2023 | Aug 6, 2023 | Jul 31, 2023 | Apr 30, 2023 | Feb 5, 2023 | Jan 31, 2023 | Nov 6, 2022 | Oct 31, 2022 | Aug 7, 2022 | Jul 31, 2022 | May 8, 2022 | Apr 30, 2022 | Feb 6, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 100,000 | — | 100,000 | — | 100,000 | — | — | 0 | — | 0 | — | 0 | — | 0 | — | 786,779 |
| Total assets | US$ in thousands | 3,963,940 | 3,854,460 | 3,781,270 | 3,623,610 | 3,655,760 | 3,655,760 | 3,355,510 | 3,355,510 | 3,133,920 | 3,133,920 | 2,959,250 | 3,543,460 | 3,545,400 | 3,252,820 | 3,252,370 | 3,049,860 | 3,049,860 | 2,828,350 | 2,828,350 | 3,135,320 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.03 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.25 |
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 provides insight into the company's financial leverage and how much of its assets are financed by debt. Based on the data provided, the debt-to-assets ratio fluctuated over the disclosed periods. It started at 0.25 on February 6, 2022, indicating that 25% of the company's assets were financed by debt. However, from April 30, 2022, onwards, the ratio decreased consistently to 0.00 until August 7, 2022.
Thereafter, the debt-to-assets ratio remained at 0.00 until August 6, 2023, when it increased slightly to 0.03. The ratio fluctuated between 0.00 and 0.03 from August 6, 2023, to February 4, 2024. Subsequently, it stayed at 0.00 until November 5, 2023, when it increased to 0.03. This ratio then returned to 0.00 on January 31, 2024, and continued to remain at that level until the last reported date in January 31, 2025.
Overall, Pure Storage Inc's debt-to-assets ratio remained low or at zero for most of the periods, indicating that the company relies more on equity financing than debt to fund its assets. This could suggest a conservative approach to capital structure and lower financial risk, as less debt implies lower interest expenses and less financial strain in challenging economic conditions.
Peer comparison
Jan 31, 2025