Zscaler annual debt-to-equity ratio
2020
2021
2022
2023
2024
2025
2026
Zscaler Debt-to-Equity Ratio Growth & History (ZS)
Zscaler's debt-to-equity ratio was 0.06 for fiscal 2026.
View full Zscaler company overviewZscaler annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-07-31 | 0.06 | 0.01 | +15.21% |
| 2025 | 2025-07-31 | 0.05 | −0.92 | −94.52% |
| 2024 | 2024-07-31 | 0.97 | −0.70 | −41.80% |
| 2023 | 2023-07-31 | 1.67 | −0.15 | −8.47% |
| 2022 | 2022-07-31 | 1.82 | 0.00 | +0.01% |
| 2021 | 2021-07-31 | 1.82 | −0.04 | −2.32% |
| 2020 | 2020-07-31 | 1.87 | — | — |
Zscaler quarterly debt-to-equity ratio
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
Q4.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-07-31 | 0.06 | 0.01 | +15.21% |
| Q3 2026 | 2026-04-30 | 0.07 | −0.61 | −89.97% |
| Q2 2026 | 2026-01-31 | 0.07 | −0.70 | −90.44% |
| Q1 2026 | 2025-10-31 | 0.07 | −0.80 | −92.19% |
| Q4 2025 | 2025-07-31 | 0.05 | −0.92 | −94.52% |
| Q3 2025 | 2025-04-30 | 0.68 | −0.45 | −39.76% |
| Q2 2025 | 2025-01-31 | 0.77 | −0.52 | −40.12% |
| Q1 2025 | 2024-10-31 | 0.87 | −0.64 | −42.47% |
| Q4 2024 | 2024-07-31 | 0.97 | −0.70 | −41.80% |
| Q3 2024 | 2024-04-30 | 1.13 | −0.89 | −44.06% |
| Q2 2024 | 2024-01-31 | 1.29 | −1.01 | −44.06% |
| Q1 2024 | 2023-10-31 | 1.51 | −1.32 | −46.75% |
| Q4 2023 | 2023-07-31 | 1.67 | −0.15 | −8.47% |
| Q3 2023 | 2023-04-30 | 2.02 | 0.13 | +6.84% |
| Q2 2023 | 2023-01-31 | 2.30 | 0.47 | +25.35% |
| Q1 2023 | 2022-10-31 | 2.83 | 0.98 | +53.26% |
| Q4 2022 | 2022-07-31 | 1.82 | 0.00 | +0.01% |
| Q3 2022 | 2022-04-30 | 1.89 | 0.01 | +0.43% |
| Q2 2022 | 2022-01-31 | 1.83 | −0.04 | −2.00% |
| Q1 2022 | 2021-10-31 | 1.84 | −0.04 | −2.12% |
| Q4 2021 | 2021-07-31 | 1.82 | −0.04 | −2.32% |
| Q3 2021 | 2021-04-30 | 1.88 | 1.76 | +1443.23% |
| Q2 2021 | 2021-01-31 | 1.87 | 1.76 | +1634.92% |
| Q1 2021 | 2020-10-31 | 1.88 | 1.78 | +1628.67% |
| Q4 2020 | 2020-07-31 | 1.87 | — | — |
| Q3 2020 | 2020-04-30 | 0.12 | — | — |
| Q2 2020 | 2020-01-31 | 0.11 | — | — |
| Q1 2020 | 2019-10-31 | 0.11 | — | — |
Zscaler debt-to-equity ratio trends
Over the last five fiscal years, Zscaler's debt-to-equity ratio decreased from 1.82 to 0.06, a change of −1.76. The latest reported quarter, Q4 2026, shows 0.06.
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.
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