Palo Alto Networks (PANW) Debt Ratio (2015 - 2026)

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 for Q2 2025 stood at 0.02, down from 0.03 in the prior quarter.
• The five-year high for Debt Ratio was 0.35 in Q1 2022, with the low at 0.02 in Q2 2025.
• The 5-year median for Debt Ratio is 0.15 (2021), against an average of 0.18.
• The sharpest annual moves came in 2022 and 2024: Debt Ratio soared 119.7% in 2022, then tumbled 75.89% in 2024.
• Palo Alto Networks' Debt Ratio stood at 0.35 in 2021, then fell by 16.73% to 0.29 in 2022, then slumped by 55.17% to 0.13 in 2023, then plunged by 75.89% to 0.03 in 2024, then tumbled by 45.05% to 0.02 in 2025.
• Business Quant data shows PANW's Debt Ratio at 0.02 in Q2 2025, 0.03 in Q1 2025, and 0.03 in Q4 2024.