Okta Balance Sheet Health
Financial Health criteria checks 6/6
Okta has a total shareholder equity of $6.0B and total debt of $1.2B, which brings its debt-to-equity ratio to 19.4%. Its total assets and total liabilities are $9.0B and $3.0B respectively.
Key information
19.4%
Debt to equity ratio
US$1.16b
Debt
Interest coverage ratio | n/a |
Cash | US$2.32b |
Equity | US$5.95b |
Total liabilities | US$3.00b |
Total assets | US$8.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OKTA *'s short term assets ($2.9B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: OKTA *'s short term assets ($2.9B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: OKTA * has more cash than its total debt.
Reducing Debt: OKTA *'s debt to equity ratio has reduced from 115.1% to 19.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable OKTA * has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: OKTA * is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 55.4% per year.