International Business Machines (IBM)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 50,121,000 | 48,828,000 | 50,691,000 | 53,826,000 | 46,189,000 | 44,942,000 | 44,328,000 | 46,545,000 | 44,917,000 | 46,926,000 | 48,735,000 | 51,206,000 | 54,217,000 | 55,129,000 | 55,449,000 | 52,685,000 | 54,102,000 | 57,797,000 | 58,445,000 | 39,727,000 |
| Total assets | US$ in thousands | 135,241,000 | 129,321,000 | 132,213,000 | 133,637,000 | 127,243,000 | 125,850,000 | 127,503,000 | 133,275,000 | 132,001,000 | 144,214,000 | 146,814,000 | 148,629,000 | 155,971,000 | 154,128,000 | 154,200,000 | 153,403,000 | 152,186,000 | 149,620,000 | 154,652,000 | 130,926,000 |
| Debt-to-assets ratio | 0.37 | 0.38 | 0.38 | 0.40 | 0.36 | 0.36 | 0.35 | 0.35 | 0.34 | 0.33 | 0.33 | 0.34 | 0.35 | 0.36 | 0.36 | 0.34 | 0.36 | 0.39 | 0.38 | 0.30 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $50,121,000K ÷ $135,241,000K
= 0.37
The debt-to-assets ratio for International Business Machines Corp. has shown some fluctuation over the past eight quarters. It ranged from 0.39 to 0.44 during this period, with the highest ratio recorded in Q1 2023.
Overall, the trend suggests that the company has maintained a moderate level of debt in relation to its total assets. A ratio of around 0.40 to 0.43 indicates that approximately 40% to 43% of IBM's assets are financed by debt, while the remaining percentage is covered by equity.
It is essential to monitor changes in this ratio over time to assess IBM's leverage and financial risk. A higher ratio may indicate increased financial risk, while a lower ratio typically signifies lower risk and better financial stability. Despite some fluctuations, the debt-to-assets ratio of IBM appears to be within a reasonable range, reflecting a balanced approach to financing its operations.
Peer comparison
Dec 31, 2023
See also:
International Business Machines Debt to Assets (Quarterly Data)