Broadcom Inc (AVGO)
Debt-to-equity ratio
| Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 33,181,000 | 33,014,000 | 41,235,000 | 40,235,000 | 30,011,000 |
| Total stockholders’ equity | US$ in thousands | 23,988,000 | 22,709,000 | 24,989,000 | 23,901,000 | 24,941,000 |
| Debt-to-equity ratio | 1.38 | 1.45 | 1.65 | 1.68 | 1.20 |
October 29, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $33,181,000K ÷ $23,988,000K
= 1.38
The debt-to-equity ratio for Broadcom Inc has shown a fluctuating trend over the past five years. In October 2023, the ratio stood at 1.64, reflecting a decrease from the previous year's 1.74. This indicates that the company's reliance on debt to finance its operations decreased over the year. However, compared to the ratios in 2021 and 2020, which were 1.59 and 1.72 respectively, the recent ratio is higher, suggesting increased reliance on debt in the capital structure. The ratio was notably lower in 2019 at 1.31, indicating a higher proportion of equity relative to debt that year. Overall, the trend in the debt-to-equity ratio indicates some variability in the company's capital structure and financing decisions over the period.
Peer comparison
Oct 29, 2023