International Business Machines (IBM)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 22,533,000 | 23,081,000 | 22,201,000 | 21,604,000 | 21,944,000 | 20,076,000 | 19,409,000 | 19,050,000 | 18,901,000 | 22,228,000 | 21,942,000 | 21,389,000 | 20,597,000 | 21,208,000 | 20,551,000 | 19,999,000 | 20,841,000 | 17,956,000 | 17,645,000 | 16,481,000 |
| Debt-to-capital ratio | 0.69 | 0.68 | 0.70 | 0.71 | 0.68 | 0.69 | 0.70 | 0.71 | 0.70 | 0.68 | 0.69 | 0.71 | 0.72 | 0.72 | 0.73 | 0.72 | 0.72 | 0.76 | 0.77 | 0.71 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $50,121,000K ÷ ($50,121,000K + $22,533,000K)
= 0.69
The debt-to-capital ratio of International Business Machines Corp. has been relatively stable over the past eight quarters, ranging between 0.70 and 0.74. The ratio indicates that, on average, around 70% to 74% of the company's capital structure is comprised of debt. This suggests that IBM relies moderately on debt financing to fund its operations and investments. The consistency in the ratio over time indicates a consistent approach to managing the company's capital structure and debt levels. Investors and analysts may view this stability positively, as it shows a prudent and controlled approach in managing IBM's debt obligations relative to its overall capital base.
Peer comparison
Dec 31, 2023
See also:
International Business Machines Debt to Capital (Quarterly Data)