Zscaler (ZS) Debt Ratio (2024 - 2025)

Zscaler's (ZS) quarterly Debt Ratio came in at 0.22 in Q2 2025, down 6.14% quarter-over-quarter from 0.23 in Q1 2025.

Analysis

Zscaler (ZS) Debt Ratio (2024 - 2025) Analysis & Trends

Zscaler (ZS) has reported Debt Ratio for 2 consecutive years, with 0.22 the latest figure, recorded in Q2 2025.

On a quarterly basis, Debt Ratio changed N/A year-over-year to 0.22 in Q2 2025; TTM through Apr 2025 was 0.22, a N/A change from a year earlier, with the FY2024 full-year figure at 0.24, changed N/A from the prior year.
Debt Ratio was 0.22 for Q2 2025 at Zscaler, down from 0.23 in the prior quarter.
Over five years, Debt Ratio peaked at 0.24 in Q4 2024 and troughed at 0.22 in Q2 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

Date	Value
Apr 30, 2025	0.22
Jan 31, 2025	0.23
Oct 31, 2024	0.24
Jul 31, 2024	0.24

API Access

Zscaler 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=ZS&period=max&api_key=YOUR_API_KEY

import requests

url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "ZS", "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=ZS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();

API documentation

Zscaler (ZS) Debt Ratio (2024 - 2025)