Akamai Technologies Inc (AKAM)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Long-term debt US$ in thousands 2,396,700 2,395,440 2,394,190 3,540,120 3,538,230 3,536,340 2,287,480 2,286,370 2,285,260 2,284,150 2,283,040 2,281,930 1,976,170 1,958,560 1,941,110 1,923,830 1,906,710 1,889,740 1,872,940 1,856,290
Total assets US$ in thousands 10,368,800 10,190,500 10,087,500 9,935,610 9,900,040 9,582,090 8,345,960 8,183,330 8,303,400 8,136,480 8,230,750 8,312,390 8,138,670 8,115,480 7,920,940 7,817,920 7,764,130 7,514,390 7,224,800 6,947,960
Debt-to-assets ratio 0.23 0.24 0.24 0.36 0.36 0.37 0.27 0.28 0.28 0.28 0.28 0.27 0.24 0.24 0.25 0.25 0.25 0.25 0.26 0.27

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,396,700K ÷ $10,368,800K
= 0.23

Akamai Technologies Inc's debt-to-assets ratio has shown stability over the past five years, ranging between 0.23 to 0.28. The ratio indicates that, on average, approximately 25% to 28% of the company's total assets are financed by debt. The decreasing trend observed in the latter part of 2024 suggests that the company may have been reducing its reliance on debt to fund its operations or investing activities. However, the sudden increase in the debt-to-assets ratio in September 30, 2023, to 0.37 may signal a potential shift in the company's funding strategy, warranting further investigation into its debt management practices and overall financial health.