Debt to Equity
since 2005
Calculation
Accenture PLC, debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt and bank borrowings1 | ÷ | Total Accenture plc shareholders’ equity1 | |
|---|---|---|---|---|---|
| Aug 31, 2026 | 0.32 | = | 10,111,758) | ÷ | 31,567,256) |
| Aug 31, 2025 | 0.17 | = | 5,148,653) | ÷ | 31,195,446) |
| Aug 31, 2024 | 0.04 | = | 1,024,857) | ÷ | 28,288,646) |
| Aug 31, 2023 | 0.01 | = | 147,903) | ÷ | 25,692,839) |
| Aug 31, 2022 | 0.00 | = | 55,068) | ÷ | 22,106,097) |
| Aug 31, 2021 | 0.00 | = | 65,553) | ÷ | 19,529,454) |
| Aug 31, 2020 | 0.00 | = | 61,872) | ÷ | 17,000,536) |
| Aug 31, 2019 | 0.00 | = | 22,658) | ÷ | 14,409,008) |
| Aug 31, 2018 | 0.00 | = | 25,013) | ÷ | 10,364,753) |
| Aug 31, 2017 | 0.00 | = | 25,070) | ÷ | 8,949,477) |
| Aug 31, 2016 | 0.00 | = | 27,230) | ÷ | 7,555,262) |
| Aug 31, 2015 | 0.00 | = | 27,426) | ÷ | 6,133,725) |
| Aug 31, 2014 | 0.00 | = | 26,733) | ÷ | 5,732,035) |
| Aug 31, 2013 | 0.01 | = | 25,600) | ÷ | 4,960,186) |
| Aug 31, 2012 | 0.00 | = | 33) | ÷ | 4,145,833) |
| Aug 31, 2011 | 0.00 | = | 4,419) | ÷ | 3,878,951) |
| Aug 31, 2010 | 0.00 | = | 1,588) | ÷ | 2,835,746) |
| Aug 31, 2009 | 0.00 | = | 955) | ÷ | 2,886,593) |
| Aug 31, 2008 | 0.00 | = | 8,278) | ÷ | 2,540,506) |
| Aug 31, 2007 | 0.01 | = | 26,360) | ÷ | 2,063,332) |
| Aug 31, 2006 | 0.03 | = | 51,857) | ÷ | 1,894,255) |
| Aug 31, 2005 | 0.04 | = | 75,188) | ÷ | 1,696,914) |
Based on: 10-K (reporting date: 2026-08-31), 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
1 US$ in thousands
The financial trajectory from 2005 to 2026 reveals a long-term commitment to a low-leverage capital structure, followed by a significant and rapid increase in debt levels in the final three years of the period.
- Shareholders' Equity Growth
- Total equity demonstrates a consistent and sustained upward trend, growing from approximately 1.7 billion USD in 2005 to over 31.5 billion USD by 2026. This steady expansion indicates strong internal capital generation and a robust equity base throughout the entire observed period.
- Debt Dynamics and Leverage Shift
- Between 2005 and 2023, total debt and bank borrowings remained minimal relative to equity. Debt levels declined from 75 million USD in 2005 to negligible amounts by 2012, maintaining a very low profile for over a decade. A sharp pivot is observed starting in 2024, where debt surged from 147 million USD in 2023 to over 10.1 billion USD by 2026, marking a departure from previous fiscal conservatism.
- Debt to Equity Ratio Interpretation
- The debt to equity ratio remained effectively at 0.00 or 0.01 for the vast majority of the period, signifying a nearly debt-free balance sheet. This stability persisted until 2024, after which the ratio climbed sharply to 0.17 in 2025 and 0.32 in 2026. This escalation reflects a fundamental change in the financing strategy and an increased reliance on borrowed capital to support operations or growth.
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Comparison to Competitors
Accenture PLC, debt to equity, long-term trends, comparison to competitors
| Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 31, 2026 | 0.32 | — | — | — | — | — | 0.40 | 0.24 | 3.05 | — | 0.06 | 0.25 | — | — | 0.38 |
| Aug 31, 2025 | 0.17 | 0.53 | 1.65 | 0.45 | 0.26 | 1.88 | 0.30 | 0.26 | 4.53 | 0.00 | 0.00 | 0.15 | 0.12 | 0.48 | 0.33 |
| Aug 31, 2024 | 0.04 | 0.40 | 3.22 | 0.53 | 0.59 | 2.01 | 0.33 | 0.29 | 9.98 | 0.00 | 0.19 | 0.17 | 0.15 | 0.00 | 0.37 |
| Aug 31, 2023 | 0.01 | 0.22 | 2.48 | 0.19 | 0.37 | 2.51 | 0.35 | 0.31 | 84.33 | 0.00 | 1.14 | 0.20 | 0.20 | 0.00 | 0.53 |
| Aug 31, 2022 | 0.00 | 0.29 | 1.69 | 0.27 | 0.52 | 2.32 | 0.42 | 0.39 | — | 0.00 | 17.51 | 0.19 | 0.30 | 0.00 | 0.41 |
| Aug 31, 2021 | 0.00 | 0.28 | 1.51 | 0.13 | 0.71 | 2.74 | 0.21 | 0.50 | 16.08 | 0.00 | 5.08 | 0.07 | 0.43 | 0.02 | 0.55 |
| Aug 31, 2020 | 0.00 | 0.31 | — | 0.14 | 0.60 | 2.99 | 0.66 | 0.62 | 5.93 | 0.13 | 2.80 | 0.09 | 0.58 | 0.03 | 0.51 |
| Aug 31, 2019 | 0.00 | 0.39 | — | 0.16 | 0.00 | 3.02 | 0.12 | 0.77 | 2.58 | — | 0.90 | 0.22 | 0.33 | 0.03 | 0.62 |
| Aug 31, 2018 | 0.00 | 0.44 | — | 0.35 | — | 2.73 | 0.19 | 0.97 | 1.33 | — | 1.99 | 0.21 | 0.60 | 0.13 | 0.94 |
| Aug 31, 2017 | 0.00 | 0.22 | — | 0.74 | — | 2.66 | 0.36 | 1.23 | 1.08 | — | 0.69 | 0.32 | 2.01 | 0.04 | 0.46 |
| Aug 31, 2016 | 0.00 | 0.26 | — | 0.93 | — | 2.31 | 0.86 | 0.76 | 0.93 | — | 0.64 | 0.36 | 1.31 | 0.06 | 0.45 |
| Aug 31, 2015 | 0.00 | 0.27 | — | 0.25 | — | 2.80 | 0.21 | 0.44 | 0.86 | — | 1.00 | 0.49 | 0.84 | 0.07 | 0.44 |
| Aug 31, 2014 | 0.00 | 0.22 | — | 0.52 | — | 3.44 | 0.16 | 0.25 | 0.52 | — | 1.00 | 0.79 | 1.04 | 0.02 | 0.41 |
| Aug 31, 2013 | 0.01 | 0.23 | — | 0.28 | — | 1.74 | 0.14 | 0.20 | 0.41 | — | 0.00 | 0.25 | 1.05 | 0.04 | 0.04 |
| Aug 31, 2012 | 0.00 | 0.23 | — | 0.49 | — | 1.76 | 0.18 | 0.18 | 0.38 | — | 0.00 | 0.35 | 0.00 | 0.05 | — |
| Aug 31, 2011 | 0.00 | 0.26 | — | 1.04 | — | 1.56 | 0.38 | 0.21 | 0.40 | — | — | 0.38 | — | 0.00 | — |
| Aug 31, 2010 | 0.00 | 0.29 | — | 1.99 | — | 1.24 | 0.35 | 0.13 | 0.48 | — | — | 0.45 | — | 0.00 | — |
| Aug 31, 2009 | 0.00 | 0.20 | — | 4.02 | — | 1.15 | 0.39 | 0.15 | 0.41 | — | — | 0.01 | — | 0.00 | — |
| Aug 31, 2008 | 0.00 | 0.08 | — | 4.91 | — | 2.52 | 0.48 | 0.00 | 0.49 | — | — | 0.00 | — | 0.00 | — |
| Aug 31, 2007 | 0.01 | 0.00 | — | 0.35 | — | 1.24 | 0.49 | 0.00 | 0.45 | — | — | 0.00 | — | 0.00 | — |
| Aug 31, 2006 | 0.03 | 0.00 | — | 0.45 | — | 0.80 | 0.00 | 0.00 | 0.39 | — | — | 0.00 | — | 0.00 | — |
| Aug 31, 2005 | 0.04 | 0.00 | — | 0.31 | — | 0.68 | 0.00 | 0.00 | 0.26 | — | — | 0.01 | — | 0.00 | — |
Based on: 10-K (reporting date: 2026-08-31), 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
Comparison to Sector (Software & Services)
Accenture PLC, debt to equity, long-term trends, comparison to sector (software & services)
| Accenture PLC | Software & Services | |
|---|---|---|
| Aug 31, 2026 | 0.32 | — |
| Aug 31, 2025 | 0.17 | 0.49 |
| Aug 31, 2024 | 0.04 | 0.55 |
| Aug 31, 2023 | 0.01 | 0.64 |
| Aug 31, 2022 | 0.00 | 0.71 |
| Aug 31, 2021 | 0.00 | 0.83 |
| Aug 31, 2020 | 0.00 | 0.95 |
| Aug 31, 2019 | 0.00 | 1.04 |
| Aug 31, 2018 | 0.00 | 1.07 |
| Aug 31, 2017 | 0.00 | 1.14 |
| Aug 31, 2016 | 0.00 | 0.90 |
| Aug 31, 2015 | 0.00 | 0.73 |
| Aug 31, 2014 | 0.00 | 0.54 |
| Aug 31, 2013 | 0.01 | 0.46 |
| Aug 31, 2012 | 0.00 | 0.44 |
| Aug 31, 2011 | 0.00 | 0.47 |
| Aug 31, 2010 | 0.00 | 0.46 |
| Aug 31, 2009 | 0.00 | 0.44 |
| Aug 31, 2008 | 0.00 | 0.56 |
| Aug 31, 2007 | 0.01 | 0.50 |
| Aug 31, 2006 | 0.03 | 0.31 |
| Aug 31, 2005 | 0.04 | 0.26 |
Based on: 10-K (reporting date: 2026-08-31), 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
Comparison to Industry (Information Technology)
Accenture PLC, debt to equity, long-term trends, comparison to industry (information technology)
| Accenture PLC | Information Technology | |
|---|---|---|
| Aug 31, 2026 | 0.32 | — |
| Aug 31, 2025 | 0.17 | 0.52 |
| Aug 31, 2024 | 0.04 | 0.61 |
| Aug 31, 2023 | 0.01 | 0.65 |
| Aug 31, 2022 | 0.00 | 0.70 |
| Aug 31, 2021 | 0.00 | 0.82 |
| Aug 31, 2020 | 0.00 | 0.95 |
| Aug 31, 2019 | 0.00 | 0.97 |
| Aug 31, 2018 | 0.00 | 0.82 |
| Aug 31, 2017 | 0.00 | 0.80 |
| Aug 31, 2016 | 0.00 | 0.65 |
| Aug 31, 2015 | 0.00 | 0.56 |
| Aug 31, 2014 | 0.00 | 0.38 |
| Aug 31, 2013 | 0.01 | 0.28 |
| Aug 31, 2012 | 0.00 | 0.24 |
| Aug 31, 2011 | 0.00 | 0.27 |
| Aug 31, 2010 | 0.00 | 0.24 |
| Aug 31, 2009 | 0.00 | 0.25 |
| Aug 31, 2008 | 0.00 | 0.28 |
| Aug 31, 2007 | 0.01 | 0.26 |
| Aug 31, 2006 | 0.03 | 0.19 |
| Aug 31, 2005 | 0.04 | 0.15 |
Based on: 10-K (reporting date: 2026-08-31), 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).