Asana (ASAN) Debt Ratio (2020 - 2025)

Asana (ASAN) posted Debt Ratio of 0.04 for Q4 2025, up 1.55% sequentially from 0.04 in Q3 2025, and down 7.27% YoY from 0.05 in Q4 2024.

Asana (ASAN) Debt Ratio (2020 - 2025) Analysis & Trends

Asana has reported Debt Ratio for 6 years, with the latest figure at 0.04 in Q4 2025.

Quarterly Debt Ratio fell 7.27% year-over-year to 0.04 in Q4 2025, while the trailing twelve-month figure through Oct 2025 was 0.04 (down 7.27% YoY) and the FY2025 annual result came in at 0.04, down 2.79% from the prior year.
Debt Ratio improved to 0.04 in Q4 2025 per ASAN's latest filing, from 0.04 in the prior quarter.
Over five years, Debt Ratio peaked at 0.05 in Q3 2021 and troughed at 0.03 in Q4 2022.
A 5-year average of 0.05 and a median of 0.05 in 2023 frame the typical range for Debt Ratio.
The sharpest annual moves came in 2021 and 2022: Debt Ratio surged 166.93% in 2021, then tumbled 35.4% in 2022.
Over 5 years, Debt Ratio stood at 0.05 in 2021, then sank by 35.4% to 0.03 in 2022, then soared by 48.1% to 0.05 in 2023, then declined by 3.56% to 0.05 in 2024, then declined by 7.27% to 0.04 in 2025.
According to Business Quant data, Debt Ratio over the past three periods registered 0.04, 0.04, and 0.04 for Q4 2025, Q3 2025, and Q2 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Debt Ratio (Qtr)
1	Sap Se	255.48 Bn	234.41 Bn	16.51 Bn	0.11
2	Shopify	198.95 Bn	194.00 Bn	1.71 Bn	-
3	Salesforce	160.70 Bn	148.86 Bn	8.56 Bn	0.37
4	Uber Technologies	154.94 Bn	149.73 Bn	6.38 Bn	0.22
5	ServiceNow	128.25 Bn	123.58 Bn	2.82 Bn	0.24
6	Snowflake	114.00 Bn	111.05 Bn	926.45 Mn	-
7	Automatic Data Processing	108.58 Bn	104.35 Bn	2.51 Bn	0.08
8	Adobe	105.34 Bn	99.72 Bn	5.90 Bn	0.22
9	Intuit	94.55 Bn	87.77 Bn	7.24 Bn	0.18
10	Asana	2.14 Bn	1.94 Bn	179.68 Mn	-

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