Pure Storage Inc (PSTG)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,306,480 | 1,270,090 | 1,270,090 | 941,233 | 941,233 |
| Debt-to-equity ratio | 0.00 | 0.08 | 0.00 | 0.00 | 0.00 |
January 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,306,480K
= 0.00
The debt-to-equity ratio of Pure Storage Inc has been consistently low over the past years, standing at 0.00 in January 31, 2023, February 5, 2023, and January 31, 2024. This indicates that the company has been primarily using equity financing rather than debt to fund its operations and growth during these periods. However, there was a slight increase in the ratio to 0.08 as of February 4, 2024, which may suggest a slight shift towards using more debt in the company's capital structure. Nevertheless, the ratio returned to 0.00 by January 31, 2025, reflecting a potential adjustment or reduction in the company's debt levels compared to its equity. Overall, Pure Storage Inc's debt-to-equity ratio suggests a conservative approach to leverage, which may indicate a lower financial risk and a more stable financial position.
Peer comparison
Jan 31, 2025