Palo Alto Networks, Inc. PANW

374.74 (15.18) (3.89%) as of 25 Sep
Market cap
$316.8B
P/E
706×
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Palo Alto Networks, Inc. (PANW) Debt to equity

Palo Alto Networks, Inc.'s debt to equity at the end of the quarter to 31 July 2026 was 0.1×. Over the past ten years it has ranged from 0.0× (fiscal 2025) to 18.8× (fiscal 2022); the current reading is higher than 17% of that period. That is above the Software Infrastructure industry median of 0.1× and above the Technology sector median of 0.1×.

Debt to equity, annual

Annual

Period Debt to equity Change
FY2026 0.1× —
FY2025 0.0× —
FY2024 0.2× (85.64%)
FY2023 1.3× (93.10%)
FY2022 18.8× 270.22%
FY2021 5.1× 78.28%
FY2020 2.9× 216.34%
FY2019 0.9× (45.52%)
FY2018 1.7× 139.55%
FY2017 0.7× 23.60%

Quarterly

Period Debt to equity Change
Jul 2026 0.1× 31.90%
Apr 2026 0.0× —
Jan 2026 0.0× —
Oct 2025 0.0× —
43 more quarters

Against its own ten years

Low 0.0× High 18.8×
Ten-year median 0.9×
Current reading's percentile 17

Debt to equity against peers

Company Debt to equity
PLTR Palantir Technologies Inc. compare 0.0×
PANW Palo Alto Networks, Inc. 0.1×
CRWD CrowdStrike compare 0.1×
FTNT Fortinet, Inc. compare 0.3×
SNPS Synopsys, Inc. compare 0.3×
NBIS Nebius Group N.V. compare 0.8×
NET Cloudflare, Inc. compare 1.2×
ORCL Oracle Corporation compare 1.8×
CRWV CoreWeave Inc. compare 7.0×
Software Infrastructure industry median 0.1×
Technology sector median 0.1×
Market median 0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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