Alphabet Inc Class A (GOOGL)
Debt-to-assets 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 | ||
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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 assets | US$ in thousands | 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 | 275,909,000 | 263,044,000 | 257,101,000 | 245,349,000 |
Debt-to-assets ratio | 0.03 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 |
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 for Alphabet Inc has remained fairly consistent over the past eight quarters, ranging from 0.03 to 0.04. This indicates that the company has maintained a relatively low level of debt in relation to its total assets. A lower debt-to-assets ratio suggests that the company has a smaller proportion of its assets financed through debt, which can be viewed positively as it implies lower financial risk. However, it’s important to keep in mind that the interpretation of this ratio should be considered alongside other financial metrics and industry benchmarks for a comprehensive assessment of the company’s financial health and risk.
Peer comparison
Dec 31, 2023