Akamai Technologies Inc (AKAM)

Debt-to-equity 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-equity ratio		0.77	0.82	0.53	0.55	0.52	0.53	0.53	0.53	0.44	0.43	0.43	0.45	0.45	0.46	0.48	0.51	0.50	0.52	0.26	0.27

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,538,230K ÷ $4,597,160K
= 0.77

The debt-to-equity ratio for Akamai Technologies Inc has shown some fluctuations over the past eight quarters. In Q4 2023, the ratio was 0.77, indicating that the company had more debt relative to its equity. This was an increase from the previous quarter, where the ratio was 0.82.

Looking back further, in Q2 2023 and Q1 2023, the company had lower debt-to-equity ratios of 0.54 and 0.55 respectively. This suggests that the company had lower levels of debt in relation to its equity during those periods.

Comparing to the same quarter in the previous year, Q4 2022 had a debt-to-equity ratio of 0.52, which was slightly lower than the most recent quarter. Moreover, Q3 2022, Q2 2022, and Q1 2022 all had similar ratios around 0.55, showing a relative stability in the company's capital structure during that period.

Overall, the trend in the debt-to-equity ratio for Akamai Technologies Inc indicates some variations in the company's leverage over the past two years, with some quarters showing higher levels of debt relative to equity compared to others.