Alphabet Inc Class C (GOOG)

Debt-to-capital ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	10,883,000	9,500,000	8,900,000	9,000,000	11,870,000	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
Total stockholders’ equity	US$ in thousands	325,084,000	314,119,000	300,753,000	292,844,000	283,379,000	273,202,000	267,141,000	260,894,000	256,144,000	253,626,000	255,419,000	254,004,000	251,635,000	244,567,000	237,565,000	230,013,000	222,544,000	212,920,000	207,322,000	203,659,000
Debt-to-capital ratio		0.03	0.03	0.03	0.03	0.04	0.03	0.04	0.04	0.04	0.04	0.04	0.04	0.05	0.05	0.05	0.05	0.06	0.06	0.01	0.02

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $10,883,000K ÷ ($10,883,000K + $325,084,000K)
= 0.03

The debt-to-capital ratio of Alphabet Inc Class C, based on data from March 2020 to December 2024, has shown consistent stability ranging between 0.01 to 0.06. This ratio indicates the proportion of the company's total debt to its total capital, reflecting Alphabet's utilization of debt in its capital structure. The decreasing trend from 0.06 in September 2020 to 0.03 in December 2024 suggests a prudent management of debt relative to overall capital. This trend implies that Alphabet has been successful in maintaining a healthy balance between debt and equity financing over the analyzed period, demonstrating financial stability and effective capital structure management.