CrowdStrike Holdings Inc. (NASDAQ:CRWD)

Debt to Equity Ratio

The debt to equity ratio begins at 0.85 and shows a steady decline over the periods, reaching 0.20 by the final quarter. This indicates a consistent reduction in the company's leverage relative to shareholder equity over time.

Debt to Equity Ratio (Including Operating Lease Liability)

Starting from a low initial point of 0.05 to 0.06 in early periods, the ratio sharply increases to a peak close to 0.92 and then follows a descending trend similar to the standard debt to equity ratio, finishing at 0.22. This pattern reflects the impact of operating lease liabilities on financial leverage, which diminishes over time.

Debt to Capital Ratio

The debt to capital ratio rises initially to about 0.47 and then steadily decreases to 0.17 by the end of the timeline. This suggests that the proportion of debt in the company’s capital structure reduces progressively.

Debt to Capital Ratio (Including Operating Lease Liability)

Values begin near 0.05 and increase past 0.48 before trending downward to 0.18. The inclusion of operating lease liabilities initially raises the debt measure but follows a declining trend similar to the non-inclusive ratio.

Debt to Assets Ratio

This metric starts at roughly 0.27 and shows a consistent decrease to 0.08, indicating diminishing debt compared to total assets and implying improved asset coverage of debt obligations over the periods.

Debt to Assets Ratio (Including Operating Lease Liability)

The pattern mirrors the standard debt to assets ratio but starts lower, increases and then decreases gradually to 0.09. It demonstrates the effect of operating leases on total liabilities relative to assets, which becomes less significant over time.

Financial Leverage

Financial leverage rises from just above 2.0 to a peak around 3.53, before exhibiting a moderate decline to approximately 2.47 by the end of the data set. This indicates that while equity leverage increased significantly in the middle periods, it has moderately decreased recently, hinting at a slight deleveraging trend.

Interest Coverage Ratio

Initially very negative, indicating substantial earnings weakness relative to interest expense, the ratio improves gradually, moving from extreme negative values to positive territory with a peak of 9.33. However, it declines afterward, turning negative in the latest periods. This fluctuation points to challenges in consistently maintaining sufficient earnings to cover interest expenses despite temporary improvements.

Total Debt

The total debt shows a very stable and marginally increasing trend over the periods recorded. From April 30, 2020, through to July 31, 2025, the figure consistently rises in very small increments, starting around 738,029 thousand US dollars and reaching approximately 744,727 thousand US dollars by the end. This suggests that the company has maintained a relatively constant level of debt without substantial increases or decreases during the timeframe.

Total Stockholders' Equity

The total stockholders' equity exhibits a clear and strong upward trend through the periods. Beginning at about 752,153 thousand US dollars in April 2020, the equity value consistently increases each quarter, reaching approximately 3,756,680 thousand US dollars by July 2025. This significant growth indicates an expanding equity base, reflecting either retained earnings growth, equity financing, or asset appreciation, contributing positively to the company's financial strength.

Debt to Equity Ratio

The debt to equity ratio demonstrates a consistent downward trend over the timeframe. Initially, the ratio starts at around 0.85 in the early recorded data points and gradually declines to 0.20 by the most recent period observed. This steady decrease signifies that the company is reducing its reliance on debt financing relative to equity. The declining ratio highlights an improving capital structure with less financial leverage and potentially lower financial risk.

The analysis of the financial metrics reveals significant trends in the company's debt levels, equity position, and leverage ratio over the examined quarters.

Total Debt (including operating lease liability)

The total debt amount experienced a sharp increase from the beginning of the period, rising dramatically between January 2021 and January 2022. Following this spike, the debt level stabilized and then generally maintained a relatively consistent range, fluctuating slightly but showing no strong upward or downward trend for the remainder of the timeline. This indicates a discrete event that increased debt significantly early on, with subsequent quarters reflecting more stable debt management.

Total Stockholders’ Equity

The stockholders’ equity demonstrated a continuous and robust upward trajectory throughout the entire time frame. Starting from lower levels at the beginning, equity increased steadily quarter-over-quarter. This growth accelerated notably after early 2023, with large increments in equity suggesting either strong retained earnings, successful issuance of equity, or both. The sustained increase in equity base reflects a solid strengthening of the company's capital position over the observed period.

Debt to Equity Ratio

The ratio of debt to equity shows a meaningful decline over time. Initially, a low ratio indicates a conservative leverage position. A steep rise took place near the beginning, coinciding with the spike in total debt, which influenced a temporary elevation in leverage nearing 0.9. After this peak, there is a clear and steady reduction in the debt to equity ratio, approaching historically low values by the end of the period. This trend indicates improved financial leverage, with equity growth outpacing debt accumulation, leading to a stronger balance sheet and potentially lower financial risk.

The financial data reveals notable trends in the company's capital structure and leverage over the observed periods. Total debt figures, where available, show a consistent and slight upward trajectory, increasing incrementally from approximately 738 million US dollars to around 745 million US dollars. This steady rise indicates a controlled growth in debt levels.

In parallel, total capital has exhibited significant growth over time, nearly doubling from the initial figures of approximately 752 million US dollars to more than 4.5 billion US dollars by the end of the period. This substantial expansion suggests considerable efforts in equity financing or retained earnings contributing to the overall capitalization.

Analyzing the debt-to-capital ratio presents a clear downward trend, decreasing from about 0.46 to 0.17. This decline reflects a reduction in the proportion of debt relative to the total capital structure, indicating enhanced financial stability and potentially lower leverage risk. The gradual reduction in this ratio is consistent with the growth in total capital outpacing the increases in total debt, highlighting a shift towards a more equity-heavy capital base.

Total Debt

Shows minor incremental increases throughout the periods, maintaining a relatively stable but slightly ascending trend around the 738 to 745 million US dollars range.

Total Capital

Demonstrates substantial growth, increasing nearly sixfold over the timeframe, indicative of aggressive capital accumulation policies or improved profitability and reinvestment.

Debt to Capital Ratio

Exhibits a notable downward trend from 0.46 to 0.17, highlighting a significant decrease in leverage and a movement towards a stronger equity position in the company's financial structure.

Total Debt (Including Operating Lease Liability)

The total debt experienced a significant increase from April 2020 through January 2021, peaking near 779 million USD. From this peak onward, the total debt shows a generally stable to slightly declining trend with values fluctuating between approximately 785 million USD and 810 million USD through July 2025. The initial sharp increase suggests a major debt acquisition or financing event occurred around early 2021. Subsequently, the debt levels stabilized, indicating controlled management of liabilities.

Total Capital (Including Operating Lease Liability)

Total capital demonstrates a continuous upward trajectory over the entire period, growing from about 792 million USD in April 2020 to over 4.5 billion USD by July 2025. This growth appears steady and accelerates, particularly after early 2021, signaling consistent capital accumulation or equity growth. The large increase in capital relative to debt indicates enhancement in the company's financial base and possibly expansions or reinvestments financed less through debt.

Debt to Capital Ratio (Including Operating Lease Liability)

The debt to capital ratio increased substantially from 0.05 in early 2020 to 0.47 by January 2021, corresponding with the jump in total debt. However, from that peak, the ratio steadily declines over time to a level near 0.18 by mid-2025. This downward trend reflects the company's successful efforts to reduce leverage or increase equity faster than debt, improving the capital structure and reducing financial risk. The ratio moving from nearly 50% debt to below 20% indicates a significant deleveraging phase combined with robust capital growth.

Total Debt

The total debt figures commence from April 30, 2021, showing a stable amount of approximately US$738 million to US$744 million over the observed period up to July 31, 2025. The debt demonstrates a very slight and gradual increase but essentially remains constant during this timeframe.

Total Assets

Total assets have displayed a consistent upward trajectory throughout the entire period, starting from approximately US$1.5 billion in April 2020 and increasing steadily to reach over US$9.2 billion by July 31, 2025. This growth suggests strong asset accumulation and a considerable expansion in the company's scale and resources.

Debt to Assets Ratio

The debt to assets ratio appears from April 30, 2021, and shows a continuous and significant decline from 0.27 to 0.08 by July 31, 2025. This indicates a proportionally decreasing reliance on debt financing relative to the company's asset base, reflecting improving financial leverage and a stronger equity position over time.

The financial data reveals several significant trends regarding the company's leverage and asset growth over the analyzed periods.

Total debt (including operating lease liability)

The total debt shows an initial moderate level in early 2020, followed by a sharp increase in early 2021. From April 2020 through October 2020, debt fluctuated slightly but remained under 45 million USD. However, beginning January 2021, there is a dramatic jump to around 779 million USD. Afterwards, the debt level remains relatively stable with minor fluctuations around this elevated value, ending with a slight increase near 810 million USD by mid-2025.

Total assets

Total assets exhibit consistent and substantial growth throughout the analyzed timeframe. Starting from approximately 1.5 billion USD in April 2020, assets steadily increase each quarter, reaching over 9.2 billion USD by mid-2025. This growth spans across multiple years without significant interruptions or declines, indicating ongoing investment and expansion of the company's asset base.

Debt to assets ratio (including operating lease liability)

The ratio of total debt to total assets demonstrates a notable pattern. Initially very low around 0.02 to 0.03 in early 2020, the ratio spikes sharply to 0.29 in January 2021, corresponding with the debt surge observed. After this peak, the ratio shows a clear downward trend, steadily decreasing over the subsequent quarters. By mid-2025, the ratio declines to approximately 0.09, reflecting either stabilization or reduction of leverage relative to the asset base despite the high nominal debt level.

In summary, the company experienced a significant increase in debt at the beginning of 2021, which may reflect major financing or leasing activities. Despite this rise in debt, total assets have grown substantially and consistently, resulting in a notable reduction in the debt-to-assets ratio over time. This indicates an improving balance sheet structure with respect to leverage, as asset growth outpaces debt levels after the initial spike. The steady decline in leverage ratio suggests increased financial stability or more conservative management of liabilities relative to asset growth.

Total Assets

The total assets of the company demonstrated a consistent upward trend over the periods analyzed. Starting at approximately $1.52 billion, assets grew steadily, surpassing $8.7 billion by the most recent date. Notably, there was a pronounced increase between January 31, 2021, and April 30, 2021, where assets jumped significantly, indicating possible substantial asset acquisitions or growth activities during that timeframe. Overall, total assets have increased more than fivefold across the full timeline, reflecting expansive growth and asset accumulation.

Stockholders’ Equity

Stockholders’ equity also exhibited continuous growth throughout the periods, rising from around $752 million initially to nearly $3.76 billion in the latest quarter. This steady increase in equity suggests ongoing retention of earnings, capital infusions, or both, supporting the company’s expanding asset base. The equity growth trend is somewhat smoother compared to assets, indicating controlled leverage and possibly disciplined capitalization strategies.

Financial Leverage

The financial leverage ratio began at approximately 2.02 and increased sharply to a peak of about 3.53 early in the series, reflecting higher reliance on debt or other liabilities relative to equity during that period of rapid asset growth. Following the peak, there is a gradual but steady decline in leverage ratios, descending to roughly 2.47 in the most recent quarter. This downward trend indicates a strategic reduction in leverage, potentially through equity increases or liability management, enhancing financial stability and reducing risk exposure over time.

Overall Insights

The data depict a company undergoing significant expansion with a marked increase in asset size and equity. The initial rise in financial leverage corresponds to aggressive growth phases, possibly funded by debt. However, the subsequent reduction in leverage ratio alongside growing equity suggests a shift toward strengthening the balance sheet quality by balancing growth with financial prudence. The consistent elevation in equity supports sound capitalization, positioning the company well for sustained development and risk mitigation.

Earnings before interest and tax (EBIT)

The EBIT figures demonstrate significant volatility over the observed quarters. Initially, the company experienced notable losses, reaching a peak negative value around mid-2021. Following this, there was a marked improvement from early 2023, with EBIT turning positive and showing a rising trend that peaked in early 2024. However, despite this positive phase, the latter quarters again reflect a sharp decline, reverting to substantial negative EBIT values by mid-2025. This pattern indicates fluctuations in operational performance with periods of both recovery and deterioration.

Interest Expense

Interest expense remained relatively stable throughout the periods, with a gradual increase from approximately $143,000 to around $6,823,000. This consistent incremental rise suggests that borrowing or associated debt costs have been marginally increasing but without significant volatility. The steady increase in interest expenses contrasts with the fluctuating EBIT.

Interest Coverage Ratio

The interest coverage ratio, which measures the ability to cover interest expenses with EBIT, exhibits a pronounced improvement trend from deeply negative values in early periods. Starting from ratios below -200, it progressively increased to positive territory by early 2024, peaking near 9.33, indicating a stronger capacity to service interest obligations. However, this improvement is not sustained; the ratio declines again towards negative values in subsequent quarters, reflecting weakening earnings relative to interest expenses and potential financial stress towards the end of the series.

Overall Financial Insight

The data reveals a company struggling with consistent profitability, as shown by wide EBIT swings from heavy losses to temporary gains and back to losses. While interest expenses rose steadily, their impact on financial health varied notably due to volatile EBIT. The temporary improvement in the interest coverage ratio suggests periods where operations generated sufficient earnings to cover interest, but the eventual return to negative coverage ratios indicates renewed challenges in meeting debt obligations from operating income. This volatile pattern warrants attention to operational efficiency, cost control, and debt management strategies.