Pure Storage Inc (PSTG)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 3.03 | 2.73 | 2.60 | 2.64 | 2.88 | 2.88 | 2.92 | 2.92 | 3.18 | 3.18 | 3.27 | 3.76 | 3.77 | 3.87 | 3.87 | 4.01 | 4.01 | 3.89 | 3.89 | 4.16 |
January 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,963,940K ÷ $1,306,480K
= 3.03
Pure Storage Inc's financial leverage ratio, which measures the company's level of debt relative to equity, has shown fluctuations over the period from February 6, 2022, to January 31, 2025. The ratio decreased from 4.16 on February 6, 2022, to 2.60 on July 31, 2024, before slightly increasing to 3.03 on January 31, 2025.
The decreasing trend in the financial leverage ratio indicates that the company has been reducing its reliance on debt financing and improving its equity position over time. This may suggest a positive development in the company's financial stability and solvency. However, it is important to further analyze Pure Storage Inc's overall financial health, including its profitability and cash flow, to obtain a more comprehensive understanding of its financial leverage position.
Peer comparison
Jan 31, 2025