Alphabet Inc Class C (GOOG)

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	10,300,000	9,600,000	10,100,000	10,200,000	9,900,000	9,700,000	10,400,000	11,400,000	12,400,000	12,300,000	12,400,000	13,000,000	14,000,000	13,900,000	2,963,000	3,960,000	3,958,000	3,956,000	3,954,000	3,952,000
Total assets	US$ in thousands	402,392,000	396,711,000	383,044,000	369,491,000	365,264,000	358,255,000	355,185,000	357,096,000	359,268,000	347,403,000	335,387,000	327,095,000	319,616,000	299,243,000	278,492,000	273,403,000	275,909,000	263,044,000	257,101,000	245,349,000
Debt-to-assets ratio		0.03	0.02	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.04	0.04	0.04	0.04	0.05	0.01	0.01	0.01	0.02	0.02	0.02

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 of Alphabet Inc has remained relatively stable over the past eight quarters, with a range of 0.03 to 0.04. This indicates that the company has a low level of debt relative to its total assets. A low debt-to-assets ratio generally suggests that the company is less reliant on borrowing to finance its operations and has a strong ability to cover its debt obligations. However, it's important to consider other factors such as the company's industry, market conditions, and future expansion plans in order to gain a more comprehensive understanding of its financial position.