Alphabet Inc Class A (GOOGL)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 10,300,000 | 9,900,000 | 12,400,000 | 14,000,000 | 3,958,000 |
| Total assets | US$ in thousands | 402,392,000 | 365,264,000 | 359,268,000 | 319,616,000 | 275,909,000 |
| Debt-to-assets ratio | 0.03 | 0.03 | 0.03 | 0.04 | 0.01 |
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 five years, ranging from 0.02 to 0.04. This ratio indicates that Alphabet Inc has maintained a conservative approach to financing its assets, as a lower ratio suggests lower financial risk and a higher level of asset coverage by equity. The slight fluctuation in the ratio may be attributed to changes in the company's capital structure or acquisitions. Overall, the consistently low debt-to-assets ratio reflects Alphabet Inc's strong financial position and the ability to fund its operations primarily through equity rather than debt.
Peer comparison
Dec 31, 2023