Pure Storage Inc (PSTG)
Financial leverage ratio
| Jan 31, 2025 | Feb 4, 2024 | Jan 31, 2024 | Feb 5, 2023 | Jan 31, 2023 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,963,940 | 3,655,760 | 3,655,760 | 3,543,460 | 3,545,400 |
| Total stockholders’ equity | US$ in thousands | 1,306,480 | 1,270,090 | 1,270,090 | 941,233 | 941,233 |
| Financial leverage ratio | 3.03 | 2.88 | 2.88 | 3.76 | 3.77 |
January 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,963,940K ÷ $1,306,480K
= 3.03
The financial leverage ratio of Pure Storage Inc has exhibited some fluctuations over the past few years. As of January 31, 2023, the ratio stood at 3.77, indicating that the company relied heavily on debt to finance its operations. This ratio slightly decreased to 3.76 by February 5, 2023.
However, by January 31, 2024, the financial leverage ratio decreased significantly to 2.88, suggesting a reduction in the company's debt relative to its equity. This ratio remained at the same level by February 4, 2024.
Subsequently, by January 31, 2025, the financial leverage ratio slightly increased to 3.03, signifying a moderate rise in the company's debt relative to its equity compared to the previous year. Overall, despite some fluctuations, Pure Storage Inc's financial leverage ratio has shown a mix of reliance on debt and equity financing during the period under review.
Peer comparison
Jan 31, 2025