Dropbox Inc (DBX)
Debt-to-assets 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 | 1,377,800 | 1,376,900 | 1,375,900 | 1,375,000 | 1,374,000 | 1,373,100 | 1,372,200 | 1,371,200 | 1,370,300 | 1,369,300 | 1,368,400 | 1,367,400 | 0 | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 2,983,500 | 3,010,600 | 2,938,600 | 2,993,700 | 3,110,100 | 2,702,800 | 2,758,800 | 2,852,000 | 3,091,300 | 3,339,100 | 3,328,100 | 3,307,300 | 2,387,200 | 2,862,300 | 2,742,300 | 2,717,300 | 2,699,200 | 2,486,600 | 2,364,900 | 2,128,600 |
| Debt-to-assets ratio | 0.46 | 0.46 | 0.47 | 0.46 | 0.44 | 0.51 | 0.50 | 0.48 | 0.44 | 0.41 | 0.41 | 0.41 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,377,800K ÷ $2,983,500K
= 0.46
Dropbox Inc's debt-to-assets ratio has been relatively stable over the past eight quarters, ranging between 0.53 and 0.60. This ratio measures the proportion of the company's total debt compared to its total assets, indicating the level of financial leverage and risk. The gradual increase in the ratio from Q4 2022 to Q2 2023 suggests a slight rise in the company's debt relative to its assets. However, the ratio has since stabilized around 0.55-0.56, indicating a consistent capital structure in recent quarters. While this level of debt may indicate some degree of risk, it is important to consider the industry norms and overall financial health of the company in evaluating the significance of this ratio.
Peer comparison
Dec 31, 2023