Stock Analysis on Net

Salesforce Inc. (NYSE:CRM)

$24.99

Debt to Equity
since 2005

Microsoft Excel

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Calculation

Salesforce Inc., debt to equity, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).

1 US$ in millions


The financial data reveals significant trends regarding debt levels, equity growth, and their relationship reflected through the debt-to-equity ratio over a span of two decades.

Total Debt and Finance Lease Liabilities
Initially minimal from 2005 to 2007, total debt abruptly increased starting in 2009 with a notable peak around 2014. After a decline in the subsequent years, a major spike occurred in 2022 reaching the highest level within the observed period, followed by a reduction in 2023 through 2025. This pattern indicates phases of increased leverage at specific intervals possibly related to strategic financing or investment activities.
Stockholders’ Equity
There is a consistent and substantial upward trend in stockholders' equity over the entire period. Starting from modest levels in 2005, equity grew steadily with occasional acceleration, particularly post-2015. The most pronounced increases appear from 2018 onward, culminating in peak equity values towards 2025. This indicates strong retained earnings or capital infusions supporting the company’s growth and financial strength.
Debt to Equity Ratio
The debt-to-equity ratio remained very low or near zero in the early years, suggesting a conservative financing approach or limited debt usage. This ratio increased notably around 2009 and 2014, corresponding with rises in total debt. After these peaks, the ratio declined significantly, reflecting either debt repayments or faster growth in equity. Although there was an increase again in 2022 aligning with the debt spike, the ratio remained below 0.2 afterward, indicating a manageable debt level relative to equity.

Overall, the data reflects a transition from minimal leverage to periods of increased borrowing aligned with company growth phases. The continuous and robust growth in equity underpins a solid financial foundation, while controlled fluctuations in debt relative to equity suggest prudent financial management. The spikes in debt do not appear to destabilize the equity base, highlighting the company’s capacity to handle increased liabilities during certain fiscal periods.


Comparison to Competitors

Salesforce Inc., debt to equity, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).


Comparison to Sector (Software & Services)


Comparison to Industry (Information Technology)