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

Palo Alto Networks (PANW) posted quarterly Debt Ratio of 0.02 for Q2 2025, down 73.14% year-over-year from 0.06 in Q2 2024, and down 31.64% quarter-over-quarter from 0.03 in Q1 2025.

Palo Alto Networks (PANW) Debt Ratio (2015 - 2026) Analysis & Trends

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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Microsoft 3,679.34 Bn 3,546.58 Bn 60.48 Bn 0.05
2 Oracle 433.50 Bn 402.15 Bn - 0.47
3 Palantir Technologies 418.20 Bn 408.90 Bn 1.64 Bn -
4 Palo Alto Networks 312.41 Bn 309.30 Bn 2.03 Bn 0.00
5 Fortinet 117.38 Bn 113.31 Bn 1.64 Bn 0.05
6 Cloudflare 101.74 Bn 97.57 Bn 499.52 Mn 0.20
7 Synopsys 80.70 Bn 78.49 Bn 1.77 Bn 0.21
8 CoreWeave 58.00 Bn 52.46 Bn 1.70 Bn 0.05
9 Block 49.79 Bn 43.33 Bn 3.17 Bn 0.16
10 NetApp 40.59 Bn 37.00 Bn 1.37 Bn 0.23

Historic Data

Download Data
DateValue
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