Pure Storage Inc (PSTG)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,306,480 | 1,410,590 | 1,453,160 | 1,373,970 | 1,270,090 | 1,270,090 | 1,148,460 | 1,148,460 | 986,328 | 986,328 | 905,807 | 941,233 | 941,233 | 840,508 | 840,508 | 761,358 | 761,358 | 727,094 | 727,094 | 754,336 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.00 | 0.09 | 0.00 | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.04 |
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 shown variations over the periods provided in the data. As of February 6, 2022, the ratio was 1.04, indicating that the company had higher debt relative to its equity. However, this ratio decreased significantly in subsequent periods. From April 30, 2022, to January 31, 2025, the debt-to-equity ratio remained consistently low, ranging from 0.00 to 0.10.
A debt-to-equity ratio of 0.00 or close to 0.00 typically suggests that Pure Storage Inc relies less on debt financing and has a stronger equity position. This can be seen as a positive indicator of the company's financial health, as lower debt levels indicate lower financial risk and a potentially stronger ability to weather economic downturns or financial challenges.
The slight increase in the debt-to-equity ratio observed in August 6, 2023, and November 5, 2023, suggests a small uptick in debt compared to equity during those periods. However, these increases were modest and did not significantly impact the company's overall financial leverage.
In conclusion, the debt-to-equity ratio analysis of Pure Storage Inc indicates a favorable trend of decreasing debt relative to equity, potentially reflecting the company's prudent financial management and sustainable capital structure.
Peer comparison
Jan 31, 2025