Pure Storage Balance Sheet Health
Financial Health criteria checks 6/6
Pure Storage has a total shareholder equity of $1.3B and total debt of $100.0M, which brings its debt-to-equity ratio to 7.9%. Its total assets and total liabilities are $3.7B and $2.4B respectively. Pure Storage's EBIT is $87.2M making its interest coverage ratio -2. It has cash and short-term investments of $1.5B.
Key information
7.9%
Debt to equity ratio
US$100.00m
Debt
| Interest coverage ratio | -2x |
| Cash | US$1.53b |
| Equity | US$1.27b |
| Total liabilities | US$2.39b |
| Total assets | US$3.66b |
Recent financial health updates
These 4 Measures Indicate That Pure Storage (NYSE:PSTG) Is Using Debt Safely
Apr 30
Does Pure Storage (NYSE:PSTG) Have A Healthy Balance Sheet?
Jan 26We Think Pure Storage (NYSE:PSTG) Can Stay On Top Of Its Debt
Oct 23Pure Storage (NYSE:PSTG) Seems To Use Debt Rather Sparingly
Jun 01These 4 Measures Indicate That Pure Storage (NYSE:PSTG) Is Using Debt Safely
Feb 15Recent updates
These 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 24Pure Storage: Product Innovation Driving Growth With Profitability And Market Share Gains
Jun 08Pure Storage (NYSE:PSTG) Seems To Use Debt Rather Sparingly
Jun 01Returns Are Gaining Momentum At Pure Storage (NYSE:PSTG)
Apr 29Is Pure Storage, Inc. (NYSE:PSTG) Trading At A 33% Discount?
Apr 11When Should You Buy Pure Storage, Inc. (NYSE:PSTG)?
Mar 05These 4 Measures Indicate That Pure Storage (NYSE:PSTG) Is Using Debt Safely
Feb 15Pure Storage: Growing Cashflow, Aggressive Buybacks A Perfect Mix For FY 2023
Jan 18The Return Trends At Pure Storage (NYSE:PSTG) Look Promising
Jan 10Are Investors Undervaluing Pure Storage, Inc. (NYSE:PSTG) By 21%?
Dec 20The Outlook For Pure Storage
Nov 13Why Pure Storage, Inc. (NYSE:PSTG) Could Be Worth Watching
Nov 02Pure Storage (NYSE:PSTG) Is Experiencing Growth In Returns On Capital
Oct 02Financial Position Analysis
Short Term Liabilities: PSTG's short term assets ($2.5B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: PSTG's short term assets ($2.5B) 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 61.8% to 7.9% over the past 5 years.
Debt Coverage: PSTG's debt is well covered by operating cash flow (677.7%).
Interest Coverage: PSTG earns more interest than it pays, so coverage of interest payments is not a concern.