ASANCAUTIOUS

ASAN Debt-to-Equity Ratio Analysis

1.81x

Higher than 90% of Technology sector peers

Updated 1149h ago·SEC filings & market data

Key Takeaway

Asana’s current Debt-to-Equity ratio of 1.81x means the company has $1.81 of debt for every $1.00 of shareholders’ equity, indicating it relies more on borrowed funds than on investor capital.

Sector Performance

90th percentile

ASAN

1.81x

Sector Median

0.27x

Sector Avg

0.24x

Prior Period

1.53x(Jun 2026)

↓ Declining

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Deep Analysis

Asana’s current Debt-to-Equity ratio of 1.81x means the company has $1.81 of debt for every $1.00 of shareholders’ equity, indicating it relies more on borrowed funds than on investor capital.

This ratio sits far above the sector median of 0.27x and places Asana in the 93rd percentile among its technology peers, meaning it carries substantially more debt than most similar companies. The year-over-year change is N/A, the quarter-over-quarter change is N/A, and there is no available trend data for the last eight quarters, so no directional movement can be assessed. With a high debt level and no trend to suggest improvement, the risk profile for equity holders is elevated because larger debt obligations increase financial strain if earnings fall short. Despite the elevated ratio, the overall NEUTRAL verdict is supported because the metric alone does not signal an outright negative outlook—debt can fund growth, but the lack of trend data prevents a clearer judgment.

Frequently Asked Questions

What does the Debt-to-Equity Ratio tell investors about ASAN?

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.

How is the Debt-to-Equity Ratio calculated?

Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.

How does ASAN's Debt-to-Equity Ratio compare to its sector?

ASAN's Debt-to-Equity Ratio of 1.81x compares to a Technology sector median of 0.27x, placing it in the 90th percentile.

Who are ASAN's closest peers by Debt-to-Equity Ratio?

The closest Technology peers by Debt-to-Equity Ratio include: AAPL (0.80x), MNTV (0.81x), ADSK (0.85x), SMTC (0.86x), BMBL (0.95x).

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Learn More About Debt-to-Equity Ratio

How to Spot a Debt Problem Before It Hits the Stock Price

Learn how to spot a debt problem in stocks using D/E, interest coverage, and net debt/EBITDA ratios. Real examples from META and MSFT, plus danger thresholds you need to know.

Debt/Equity Ratio: How Much Debt Is Too Much?

The debt to equity ratio explained: why context, interest coverage, and sector norms matter far more than the raw number when assessing debt risk.

The Formula

Total Debt / Shareholders' Equity

Why It Matters

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.