Pure Storage Inc (PSTG)
Debt-to-assets ratio
| Feb 4, 2024 | Nov 5, 2023 | Aug 6, 2023 | Feb 5, 2023 | Nov 6, 2022 | Aug 7, 2022 | May 8, 2022 | Feb 6, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 100,000 | 100,000 | 100,000 | 0 | 0 | 0 | 0 | 786,779 | 778,366 | 770,662 | 763,064 | 755,814 | 748,422 | — | — | 477,007 | 470,014 | 463,118 | 456,318 | 449,828 |
| Total assets | US$ in thousands | 3,655,760 | 3,355,510 | 3,133,920 | 3,543,460 | 3,252,820 | 3,049,860 | 2,828,350 | 3,135,320 | 2,855,760 | 2,783,680 | 2,697,940 | 2,819,440 | 2,653,000 | 2,321,610 | 2,254,860 | 2,364,200 | 2,192,780 | 2,115,970 | 2,069,190 | 1,973,020 |
| Debt-to-assets ratio | 0.03 | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.25 | 0.27 | 0.28 | 0.28 | 0.27 | 0.28 | 0.00 | 0.00 | 0.20 | 0.21 | 0.22 | 0.22 | 0.23 |
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 of Pure Storage Inc has shown some fluctuations over the past periods. In the most recent observation on Feb 4, 2024, the ratio was 0.03, indicating a relatively low level of debt compared to total assets. This ratio remained consistent at 0.03 for the three previous periods. However, in earlier periods such as Feb 6, 2022, and Feb 2, 2020, the company had higher debt-to-assets ratios of 0.25 and 0.20 respectively, suggesting a higher proportion of debt relative to assets during those times.
It is important to note that the company significantly reduced its debt levels from early 2022 to the most recent periods. This improvement in the debt-to-assets ratio may indicate a more conservative approach to managing debt and a stronger financial position. Monitoring the trend of this ratio over time can provide insights into Pure Storage Inc's capital structure and financial health.
Peer comparison
Feb 4, 2024