Broadcom Inc (AVGO)

Debt-to-equity ratio

		Feb 4, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Nov 1, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Nov 3, 2019	Aug 4, 2019	May 5, 2019
Long-term debt	US$ in thousands	73,590,000	33,181,000	35,072,000	35,573,000	35,565,000	33,014,000	40,958,000	40,958,000	39,205,000	41,235,000	40,178,000	40,160,000	41,068,000	40,235,000	43,201,000	45,044,000	42,407,000	30,011,000	34,028,000	34,011,000
Total stockholders’ equity	US$ in thousands	70,284,000	23,988,000	22,079,000	22,007,000	23,310,000	22,709,000	20,903,000	20,990,000	22,994,000	24,989,000	24,367,000	23,966,000	23,999,000	23,901,000	23,585,000	23,970,000	24,396,000	24,941,000	21,503,000	22,172,000
Debt-to-equity ratio		1.05	1.38	1.59	1.62	1.53	1.45	1.96	1.95	1.71	1.65	1.65	1.68	1.71	1.68	1.83	1.88	1.74	1.20	1.58	1.53

February 4, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $73,590,000K ÷ $70,284,000K
= 1.05

The debt-to-equity ratio of Broadcom Inc has displayed fluctuations over the past 20 fiscal periods, ranging from 1.05 to 1.96. A debt-to-equity ratio greater than 1 indicates that the company is financing a portion of its assets through debt rather than equity.

The highest ratio of 1.96 was observed on Jul 31, 2022, signifying that the company had a higher reliance on debt for funding its operations and expansion at that point. Conversely, the lowest ratio of 1.05 was noted on Feb 4, 2024, suggesting a relatively lower level of debt compared to equity in the company's capital structure.

Overall, the trend in the debt-to-equity ratio for Broadcom Inc has shown some variability, but it appears to have generally fluctuated within a moderate range over the periods analyzed. Investors and analysts may want to further investigate the reasons behind these fluctuations to assess the company's financial risk and leverage position accurately.