Alphabet Inc Class C (GOOG)

Debt-to-equity ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	10,883,000	11,870,000	9,900,000	12,400,000	14,000,000
Total stockholders’ equity	US$ in thousands	325,084,000	283,379,000	256,144,000	251,635,000	222,544,000
Debt-to-equity ratio		0.03	0.04	0.04	0.05	0.06

December 31, 2024 calculation

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

The debt-to-equity ratio of Alphabet Inc Class C has been showing a decreasing trend over the past five years, declining from 0.06 as of December 31, 2020, to 0.03 as of December 31, 2024. This indicates that the company has been reducing its reliance on debt in comparison to its equity, which could reflect positively on its financial health and risk profile. A lower debt-to-equity ratio suggests that the company is relying more on equity financing rather than debt financing, potentially reducing financial risk and enhancing solvency. Overall, Alphabet Inc Class C's decreasing debt-to-equity ratio trend could signify a prudent financial strategy and effective management of its capital structure.