Seagate Technology PLC (STX)

Debt-to-assets ratio

Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020
Long-term debt US$ in thousands
Total assets US$ in thousands 7,564,000 7,959,000 7,972,000 7,739,000 7,096,000 7,149,000 7,196,000 7,556,000 7,967,000 7,867,000 8,611,000 8,944,000 9,145,000 9,375,000 8,613,000 8,675,000 8,604,000 8,986,000 8,862,000 8,930,000
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

March 31, 2025 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $7,564,000K
= 0.00

The debt-to-assets ratio for Seagate Technology PLC remains consistently at 0.00 across all observed periods from June 30, 2020, through March 31, 2025. This indicates that the company has not reported any debt relative to its total assets during this timeframe. The persistent absence of debt suggests that Seagate has financed its operations entirely through equity or other non-debt avenues, reflecting a conservative financial structure with no reliance on borrowed funds. Consequently, the company's leverage is effectively nonexistent, implying a lower financial risk profile, but potentially also indicating limited use of debt to fund growth initiatives.


Peer comparison

Mar 31, 2025

Company name
Symbol
Debt-to-assets ratio
Seagate Technology PLC
STX
0.00
NetApp Inc
NTAP
0.00
Pure Storage Inc
PSTG
0.00
Western Digital Corporation
WDC
0.00