Debt-to-equity in % of Palo Alto Networks Inc from Q1 2023 to Q3 2025

Taxonomy & unit: ratio: %
Description: Debt-to-equity (D/E) ratio is used to evaluate a company's financial leverage and is calculated by dividing a company's total liabilities by its shareholder equity.
Summary: Palo Alto Networks Inc quarterly Debt-to-equity history and change rate from Q1 2023 to Q3 2025.
Palo Alto Networks Inc Debt-to-equity for the quarter ending 31 Oct 2025 was 199%, a 30% decline year-over-year.

Debt-to-equity, Quarterly (%)

Debt-to-equity, YoY Quarterly Change (%)

Palo Alto Networks Inc Quarterly Debt-to-equity (%)

Period	Value	YoY Chg	Change %	Date
Q3 2025	199%	-85%	-30%	31 Oct 2025
Q2 2025	218%	-122%	-36%	31 Jul 2025
Q1 2025	238%	-177%	-43%	30 Apr 2025
Q4 2024	261%	-288%	-52%	31 Jan 2025
Q3 2024	285%	-579%	-67%	31 Oct 2024
Q2 2024	339%	-850%	-71%	31 Jul 2024
Q1 2024	414%	-1431%	-78%	30 Apr 2024
Q4 2023	550%			31 Jan 2024
Q3 2023	863%			31 Oct 2023
Q2 2023	1189%			31 Jul 2023
Q1 2023	1846%			30 Apr 2023

* An asterisk sign (*) next to the value indicates that the value is likely invalid.