Alphabet Inc Class C (GOOG)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 450,256,000 | 430,266,000 | 414,770,000 | 407,350,000 | 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 |
| 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 |
| Financial leverage ratio | 1.39 | 1.37 | 1.38 | 1.39 | 1.42 | 1.45 | 1.43 | 1.42 | 1.43 | 1.41 | 1.39 | 1.41 | 1.43 | 1.42 | 1.41 | 1.42 | 1.44 | 1.41 | 1.34 | 1.34 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $450,256,000K ÷ $325,084,000K
= 1.39
The financial leverage ratio of Alphabet Inc Class C has shown a relatively stable trend over the period from March 31, 2020, to December 31, 2024. The ratio started at 1.34 in March 31, 2020, and increased gradually to peak at 1.45 in September 30, 2023, before slightly decreasing to 1.39 in June 30, 2024.
A financial leverage ratio above 1 indicates that the company relies more on debt financing than equity financing, which means that it has a higher level of financial leverage. In the case of Alphabet Inc Class C, the ratio has remained consistently above 1 throughout the period, indicating that the company has been using debt to finance its operations and investments.
Overall, the stable trend of the financial leverage ratio suggests that Alphabet Inc Class C has maintained a relatively balanced mix of debt and equity in its capital structure. However, it is important to closely monitor changes in the ratio in the future to assess the company's ability to manage its debt levels effectively and sustain financial stability.
Peer comparison
Dec 31, 2024