Akamai Technologies Inc (AKAM)

Debt-to-capital ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	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	1,839,790	1,823,450	893,191	883,584
Total stockholders’ equity	US$ in thousands	4,597,160	4,324,200	4,289,170	4,171,340	4,360,190	4,281,240	4,312,990	4,314,740	4,530,010	4,582,440	4,476,660	4,321,360	4,251,300	4,107,620	3,904,300	3,672,220	3,657,960	3,501,600	3,394,760	3,283,220
Debt-to-capital ratio		0.43	0.45	0.35	0.35	0.34	0.35	0.35	0.35	0.30	0.30	0.30	0.31	0.31	0.32	0.32	0.34	0.33	0.34	0.21	0.21

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,538,230K ÷ ($3,538,230K + $4,597,160K)
= 0.43

The debt-to-capital ratio for Akamai Technologies Inc has shown some variability over the past few quarters. In Q4 2023, the ratio stood at 0.43, which indicates that 43% of the company's capital structure is in the form of debt. This ratio decreased slightly from the previous quarter (Q3 2023) when it was 0.45, suggesting a modest improvement in the company's debt position.

Comparing the current ratio to the same quarter in the previous year (Q4 2022), we see a slight increase from 0.34 to 0.43, indicating a higher percentage of debt relative to capital. However, the ratio has generally remained within a relatively stable range between 0.34 and 0.45 over the past few quarters.

Overall, the debt-to-capital ratio for Akamai Technologies Inc appears to be at a reasonable level, showing fluctuations within a relatively stable range. It is important for investors and analysts to continue monitoring this ratio to ensure that the company's capital structure remains balanced and sustainable.