Alphabet Inc Class C (GOOG)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 10,300,000 | 9,900,000 | 12,400,000 | 14,000,000 | 3,958,000 |
| Total assets | US$ in thousands | 402,392,000 | 365,264,000 | 359,268,000 | 319,616,000 | 275,909,000 |
| Debt-to-assets ratio | 0.03 | 0.03 | 0.03 | 0.04 | 0.01 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $10,300,000K ÷ $402,392,000K
= 0.03
The debt-to-assets ratio for Alphabet Inc has been relatively stable over the past five years, ranging from 0.02 to 0.04. This ratio indicates the proportion of the company's assets financed by debt. A lower ratio suggests that Alphabet relies less on debt to fund its operations and investments, which is generally viewed positively by investors as it signifies lower financial risk.
Alphabet's debt-to-assets ratio of 0.03 as of December 31, 2023, indicates that only 3% of its assets are funded by debt, implying a strong financial position with a significant portion of assets financed by equity. This suggests that the company has efficient operations and a solid ability to generate profits to support its asset base. Overall, the trend of a stable and relatively low debt-to-assets ratio for Alphabet Inc signals financial stability and responsible debt management.
Peer comparison
Dec 31, 2023