Palo Alto Networks (PANW) Debt Ratio (2015 - 2025)

Palo Alto Networks' Debt Ratio history runs 10 years deep, the most recent figure standing at 0.02 for Q2 2025.

• In Q2 2025, Debt Ratio fell 73.14% year-over-year to 0.02; the TTM figure through Apr 2025 stood at 0.02 (down 73.14% YoY), while the FY2024 annual figure was 0.05, down 64.89% from the prior year.
• Debt Ratio was 0.02 for Q2 2025 at Palo Alto Networks, down from 0.03 in the prior quarter.
• In the past five years, Debt Ratio ranged from a high of 0.35 in Q1 2022 to a low of 0.02 in Q2 2025.
• Historically, Debt Ratio has averaged 0.18 across 5 years, with a median of 0.15 in 2021.
• The sharpest annual moves came in 2022 and 2024: Debt Ratio jumped 119.7% in 2022, then plunged 75.89% in 2024.
• A 5-year view of Debt Ratio shows it stood at 0.35 in 2021, then retreated by 16.73% to 0.29 in 2022, then tumbled by 55.17% to 0.13 in 2023, then sank by 75.89% to 0.03 in 2024, then plunged by 45.05% to 0.02 in 2025.
• The last three Debt Ratio figures came in at 0.02 (Q2 2025), 0.03 (Q1 2025), and 0.03 (Q4 2024), per Business Quant data.