Alphabet Inc Class C (GOOG)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	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	201,442,000	194,969,000	192,192,000	183,472,000
Debt-to-equity ratio		0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.05	0.05	0.05	0.06	0.06	0.07	0.01	0.02	0.02	0.02	0.02	0.02

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $10,300,000K ÷ $283,379,000K
= 0.04

The debt-to-equity ratio of Alphabet Inc over the past eight quarters has remained relatively consistent, hovering around 0.05 to 0.06. This indicates that the company has maintained a conservative approach to financing its operations, relying more on equity than debt. A low debt-to-equity ratio suggests that Alphabet Inc has relatively lower financial risk and may be seen favorably by lenders and investors. However, it's important to note that while a low ratio is generally considered positive, it may also indicate that the company is not taking full advantage of potential leverage for growth or expansion. Therefore, continued monitoring of this ratio in conjunction with other financial metrics is recommended to assess the overall financial health and strategy of Alphabet Inc.