Palo Alto Networks annual debt-to-equity ratio
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2025
Palo Alto Networks Debt-to-Equity Ratio Growth & History (PANW)
Palo Alto Networks's debt-to-equity ratio was 0.05 for fiscal 2025.
View full Palo Alto Networks company overviewPalo Alto Networks annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-07-31 | 0.05 | −0.03 | −38.23% |
| 2024 | 2024-07-31 | 0.09 | −1.25 | −93.52% |
| 2023 | 2023-07-31 | 1.33 | −0.28 | −17.27% |
| 2022 | 2022-07-31 | 1.61 | −1.62 | −50.06% |
| 2021 | 2021-07-31 | 3.23 | 0.07 | +2.20% |
| 2020 | 2020-07-31 | 3.16 | 2.26 | +250.23% |
| 2019 | 2019-07-31 | 0.90 | −0.28 | −23.63% |
| 2018 | 2018-07-31 | 1.18 | 0.49 | +70.89% |
| 2017 | 2017-07-31 | 0.69 | 0.13 | +23.58% |
| 2016 | 2016-07-31 | 0.56 | 0.56 | — |
| 2015 | 2015-07-31 | 0.00 | −1.00 | — |
| 2014 | 2014-07-31 | 1.00 | 1.00 | — |
| 2013 | 2013-07-31 | 0.00 | — | — |
Palo Alto Networks quarterly debt-to-equity ratio
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Q3.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-04-30 | 0.07 | 0.02 | +44.45% |
| Q2 2026 | 2026-01-31 | 0.04 | −0.02 | −30.45% |
| Q1 2026 | 2025-10-31 | 0.04 | −0.02 | −37.81% |
| Q4 2025 | 2025-07-31 | 0.05 | −0.03 | −38.23% |
| Q3 2025 | 2025-04-30 | 0.05 | −0.03 | −42.23% |
| Q2 2025 | 2025-01-31 | 0.06 | −0.03 | −31.60% |
| Q1 2025 | 2024-10-31 | 0.06 | −0.06 | −49.47% |
| Q4 2024 | 2024-07-31 | 0.09 | −1.25 | −93.52% |
| Q3 2024 | 2024-04-30 | 0.08 | −3.12 | −97.42% |
| Q2 2024 | 2024-01-31 | 0.08 | −5.34 | −98.47% |
| Q1 2024 | 2023-10-31 | 0.13 | −7.67 | −98.37% |
| Q4 2023 | 2023-07-31 | 1.33 | −0.28 | −17.27% |
| Q3 2023 | 2023-04-30 | 3.20 | 2.39 | +292.14% |
| Q2 2023 | 2023-01-31 | 5.42 | 3.03 | +126.28% |
| Q1 2023 | 2022-10-31 | 7.80 | 7.22 | +1251.15% |
| Q4 2022 | 2022-07-31 | 1.61 | −1.62 | −50.06% |
| Q3 2022 | 2022-04-30 | 0.82 | −2.70 | −76.79% |
| Q2 2022 | 2022-01-31 | 2.40 | 0.52 | +27.72% |
| Q1 2022 | 2021-10-31 | 0.58 | −4.03 | −87.48% |
| Q4 2021 | 2021-07-31 | 3.23 | 0.07 | +2.20% |
| Q3 2021 | 2021-04-30 | 3.52 | 1.00 | +39.44% |
| Q2 2021 | 2021-01-31 | 1.88 | 0.71 | +61.49% |
| Q1 2021 | 2020-10-31 | 4.61 | 3.37 | +272.00% |
| Q4 2020 | 2020-07-31 | 3.16 | 2.26 | +250.23% |
| Q3 2020 | 2020-04-30 | 2.52 | 1.55 | +159.22% |
| Q2 2020 | 2020-01-31 | 1.16 | −0.14 | −10.99% |
| Q1 2020 | 2019-10-31 | 1.24 | 0.13 | +12.14% |
| Q4 2019 | 2019-07-31 | 0.90 | −0.28 | −23.63% |
| Q3 2019 | 2019-04-30 | 0.97 | 0.97 | — |
| Q2 2019 | 2019-01-31 | 1.31 | 1.31 | — |
| Q1 2019 | 2018-10-31 | 1.10 | 1.10 | — |
| Q4 2018 | 2018-07-31 | 1.18 | 0.49 | +70.89% |
| Q3 2018 | 2018-04-30 | 0.00 | −0.64 | — |
| Q2 2018 | 2018-01-31 | 0.00 | −0.59 | — |
| Q1 2018 | 2017-10-31 | 0.00 | 0.00 | — |
| Q4 2017 | 2017-07-31 | 0.69 | 0.13 | +23.58% |
| Q3 2017 | 2017-04-30 | 0.64 | −0.13 | −16.44% |
| Q2 2017 | 2017-01-31 | 0.59 | −0.25 | −29.88% |
| Q1 2017 | 2016-10-31 | 0.00 | −0.91 | — |
| Q4 2016 | 2016-07-31 | 0.56 | 0.56 | — |
| Q3 2016 | 2016-04-30 | 0.76 | 0.76 | — |
| Q2 2016 | 2016-01-31 | 0.84 | −0.08 | −9.18% |
| Q1 2016 | 2015-10-31 | 0.91 | −0.05 | −5.37% |
| Q4 2015 | 2015-07-31 | 0.00 | −1.00 | — |
| Q3 2015 | 2015-04-30 | 0.00 | 0.00 | — |
| Q2 2015 | 2015-01-31 | 0.92 | 0.92 | — |
| Q1 2015 | 2014-10-31 | 0.96 | 0.96 | — |
| Q4 2014 | 2014-07-31 | 1.00 | 1.00 | — |
| Q3 2014 | 2014-04-30 | 0.00 | — | — |
| Q2 2014 | 2014-01-31 | 0.00 | — | — |
| Q1 2014 | 2013-10-31 | 0.00 | — | — |
| Q4 2013 | 2013-07-31 | 0.00 | — | — |
Palo Alto Networks debt-to-equity ratio trends
Over the last five fiscal years, Palo Alto Networks's debt-to-equity ratio decreased from 3.16 to 0.05, a change of −3.10. The latest reported quarter, Q3 2026, shows 0.07.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Palo Alto Networks source filings ↗