Palo Alto Networks (PANW) Debt Ratio (2015 - 2026)
Palo Alto Networks' (PANW) quarterly Debt Ratio came in at 0.0 in Q2 2026, down 80.14% year-over-year from 0.02 in Q2 2025, and down 80.14% on a QoQ basis from 0.02 in Q2 2025.
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Analysis
Palo Alto Networks (PANW) Debt Ratio (2015 - 2026) Analysis & Trends
Palo Alto Networks (PANW) has 11 years of Debt Ratio data on file, last reported at 0.0 in Q2 2026.
- On a quarterly basis, Debt Ratio fell 80.14% year-over-year to 0.0 in Q2 2026; TTM through Apr 2026 was 0.0, a 80.14% decrease from a year earlier, with the FY2024 full-year figure at 0.05, down 64.89% from the prior year.
- Debt Ratio for Q2 2026 stood at 0.0, down from 0.02 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.35 in Q1 2022 and bottomed at 0.0 in Q2 2026.
- Historically, Debt Ratio has averaged 0.16 across 5 years, with a median of 0.13 in 2023.
- The widest annual swing landed in 2022, when Debt Ratio surged 119.7%; it then plunged 80.14% in 2026.
- Year by year, Debt Ratio stood at 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, then plunged by 80.14% to 0.0 in 2026.
- Per Business Quant data, the three most recent Debt Ratio figures were 0.0 in Q2 2026, 0.02 in Q2 2025, and 0.03 in Q1 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 0.06 |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 0.05 |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | - |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | - |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 0.23 |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | - |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | - |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | 0.11 |
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();