Dropbox Inc (DBX)
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 | 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 stockholders’ equity | US$ in thousands | -165,800 | -350,300 | -411,900 | -365,200 | -309,400 | -591,300 | -542,900 | -463,300 | -293,900 | -162,600 | -94,800 | -83,000 | 333,800 | 851,300 | 803,400 | 800,400 | 808,400 | 762,600 | 730,200 | 704,900 |
| Debt-to-capital ratio | 1.14 | 1.34 | 1.43 | 1.36 | 1.29 | 1.76 | 1.65 | 1.51 | 1.27 | 1.13 | 1.07 | 1.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,377,800K ÷ ($1,377,800K + $-165,800K)
= 1.14
Dropbox Inc's debt-to-capital ratio has exhibited fluctuations over the past eight quarters. The ratio stood at 1.11 in Q4 2023 and has seen a downward trend since peaking at 1.58 in Q3 2022. This decrease suggests an improvement in the company's capital structure, reflecting a lower reliance on debt financing compared to total capital. However, the ratio has shown some volatility, indicating potential shifts in the company's debt management strategies. Further analysis of Dropbox Inc's debt levels and overall financial health may provide insights into the factors influencing these variations in the debt-to-capital ratio.
Peer comparison
Dec 31, 2023