Palo Alto Networks (PANW) Debt Ratio (2015 - 2026)
Palo Alto Networks' Debt Ratio was 0.00 in fiscal Q3 2026 (quarter ended Apr 30, 2026), down 80.1% from 0.02 a year earlier.
Powered by 
Analysis
Palo Alto Networks (PANW) Debt Ratio (2015 - 2026) Analysis & Trends
For FY2024 (ended Jul 31, 2024), Debt Ratio at Palo Alto Networks came in at 0.05, down 64.9% from FY2023.
- In earlier fiscal years, Debt Ratio was 0.14 in FY2023 (-54.2%), 0.30 in FY2022 (+97.3%) and 0.15 in FY2021.
- The fiscal Q3 2026 figure marks the lowest quarterly Debt Ratio in data going back to fiscal Q3 2015.
- The best year-over-year quarter for Debt Ratio over five years was fiscal Q2 2022 (growth of 119.7%); the worst was fiscal Q3 2026 (a decline of 80.1%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 255.53 Bn | 240.60 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 230.03 Bn | 210.43 Bn | 1.10 Bn | 0.06 |
| 3 | Fortinet | 123.13 Bn | 109.06 Bn | 1.64 Bn | 0.05 |
| 4 | Snowflake | 107.35 Bn | 94.67 Bn | 1.04 Bn | - |
| 5 | Datadog | 87.69 Bn | 69.33 Bn | 881.34 Mn | - |
| 6 | Zscaler | 32.63 Bn | 18.74 Bn | - | - |
| 7 | Okta | 32.61 Bn | 22.70 Bn | 641.00 Mn | - |
| 8 | Axon Enterprise | 32.22 Bn | 26.75 Bn | 546.45 Mn | 0.23 |
| 9 | MongoDB | 26.93 Bn | 17.40 Bn | 569.77 Mn | - |
| 10 | F5 | 24.99 Bn | 19.40 Bn | 711.51 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Apr 30, 2026 | 0.00 |
| Apr 30, 2025 | 0.02 |
| Jan 31, 2025 | 0.03 |
| Oct 31, 2024 | 0.03 |
| Jul 31, 2024 | 0.05 |
| Apr 30, 2024 | 0.06 |
| Jan 31, 2024 | 0.10 |
| Oct 31, 2023 | 0.13 |
| Jul 31, 2023 | 0.14 |
| Apr 30, 2023 | 0.26 |
| Jan 31, 2023 | 0.28 |
| Oct 31, 2022 | 0.29 |
| Jul 31, 2022 | 0.30 |
| Apr 30, 2022 | 0.33 |
| Jan 31, 2022 | 0.35 |
| Oct 31, 2021 | 0.35 |
| Jul 31, 2021 | 0.15 |
| Jan 31, 2021 | 0.16 |
| Apr 30, 2019 | 0.03 |
| Jan 31, 2019 | 0.03 |
API Access
Palo Alto Networks Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "PANW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();