Alphabet Inc Class A (GOOGL)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	283,379,000	256,144,000	251,635,000	222,544,000	201,442,000
Debt-to-capital ratio		0.04	0.04	0.05	0.06	0.02

December 31, 2023 calculation

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

The debt-to-capital ratio for Alphabet Inc has fluctuated over the past five years. The ratio decreased from 0.06 in 2021 to 0.04 in 2023, indicating a lower level of financial leverage. This suggests that the company relies less on debt financing in relation to its total capital. Overall, the trend in the debt-to-capital ratio indicates prudent management of the company's capital structure and a conservative approach to debt usage.