Pure Storage Balance Sheet Health
Financial Health criteria checks 6/6
Pure Storage has a total shareholder equity of $1.5B and total debt of $100.0M, which brings its debt-to-equity ratio to 6.9%. Its total assets and total liabilities are $3.8B and $2.3B respectively. Pure Storage's EBIT is $147.4M making its interest coverage ratio -2.6. It has cash and short-term investments of $1.8B.
Key information
6.9%
Debt to equity ratio
US$100.00m
Debt
| Interest coverage ratio | -2.6x |
| Cash | US$1.82b |
| Equity | US$1.45b |
| Total liabilities | US$2.33b |
| Total assets | US$3.78b |
Recent financial health updates
Pure Storage (NYSE:PSTG) Seems To Use Debt Rather Sparingly
Aug 07
These 4 Measures Indicate That Pure Storage (NYSE:PSTG) Is Using Debt Safely
Apr 30Does Pure Storage (NYSE:PSTG) Have A Healthy Balance Sheet?
Jan 26We Think Pure Storage (NYSE:PSTG) Can Stay On Top Of Its Debt
Oct 23Recent updates
Returns Are Gaining Momentum At Pure Storage (NYSE:PSTG)
Nov 01Pure Storage, Inc.'s (NYSE:PSTG) Share Price Matching Investor Opinion
Oct 06Pure Storage Is A Trailblazing Storage Vendor, And Its Stock Valuation Reflects That
Oct 06Pure Storage's Stock: Evaluating The Buy Opportunity's Post-Earnings Dip
Sep 25Pure Storage: The Dip Provides A Better Entry Point
Sep 18Pure Storage (NYSE:PSTG) Seems To Use Debt Rather Sparingly
Aug 07Pure Storage, Inc. (NYSE:PSTG) Shares Could Be 36% Below Their Intrinsic Value Estimate
Jul 25Pure Storage: Market Share Gains And AI Opportunities Make This A Substantial Opportunity
Jul 12Pure Storage: Cash Heavy, But Future Uncertain, I'm Neutral (Downgrade)
Jul 02Is Now The Time To Put Pure Storage (NYSE:PSTG) On Your Watchlist?
Jun 12Pure Storage, Inc. (NYSE:PSTG) Looks Just Right With A 26% Price Jump
May 31Pure Storage: Strike While The Iron Is Hot
May 30Is It Too Late To Consider Buying Pure Storage, Inc. (NYSE:PSTG)?
May 12These 4 Measures Indicate That Pure Storage (NYSE:PSTG) Is Using Debt Safely
Apr 30Pure Storage: Optimistic On The Growth Runway Ahead
Apr 11Are Investors Undervaluing Pure Storage, Inc. (NYSE:PSTG) By 24%?
Apr 03Investors Appear Satisfied With Pure Storage, Inc.'s (NYSE:PSTG) Prospects As Shares Rocket 30%
Mar 22Pure Storage: Finally Getting Its Moment In The Sun
Mar 04Pure Storage (NYSE:PSTG) Is Looking To Continue Growing Its Returns On Capital
Mar 03Is Now An Opportune Moment To Examine Pure Storage, Inc. (NYSE:PSTG)?
Feb 07Does Pure Storage (NYSE:PSTG) Have A Healthy Balance Sheet?
Jan 26Pure Storage's Financial Strength: 10% Net Cash Position
Jan 26Pure Storage, Inc.'s (NYSE:PSTG) P/S Is On The Mark
Jan 04Pure Storage: Subscription Wins Will Drive Further Gains
Dec 17Investors Will Want Pure Storage's (NYSE:PSTG) Growth In ROCE To Persist
Dec 01Pure Storage: Data-Driven Growth With Long Runway
Nov 10We Think Pure Storage (NYSE:PSTG) Can Stay On Top Of Its Debt
Oct 23Pure Storage: Storing Value In Data Innovation, 18x FCF
Oct 02Pure Storage: ARR Gains Will Pave The Way For Further Stock Appreciation
Sep 07Pure Storage: Building Momentum And Partnerships Ahead Of Q2 2024 Financial Results
Aug 29There's Been No Shortage Of Growth Recently For Pure Storage's (NYSE:PSTG) Returns On Capital
Jul 30Is It Time To Consider Buying Pure Storage, Inc. (NYSE:PSTG)?
Jul 09Pure Storage: Flash Innovation Is Driving Momentum
Jun 24Financial Position Analysis
Short Term Liabilities: PSTG's short term assets ($2.6B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: PSTG's short term assets ($2.6B) exceed its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: PSTG has more cash than its total debt.
Reducing Debt: PSTG's debt to equity ratio has reduced from 62.7% to 6.9% over the past 5 years.
Debt Coverage: PSTG's debt is well covered by operating cash flow (851%).
Interest Coverage: PSTG earns more interest than it pays, so coverage of interest payments is not a concern.