Meta Platforms Inc. (META)
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 | 18,385,000 | 18,383,000 | 18,382,000 | 9,925,000 | 9,923,000 | 9,922,000 | — | — | 0 | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 229,623,000 | 216,274,000 | 206,688,000 | 184,491,000 | 185,727,000 | 178,894,000 | 169,779,000 | 164,218,000 | 165,987,000 | 169,585,000 | 170,609,000 | 163,523,000 | 159,316,000 | 146,437,000 | 139,691,000 | 138,371,000 | 133,376,000 | 124,418,000 | 117,006,000 | 109,477,000 |
| Debt-to-assets ratio | 0.08 | 0.08 | 0.09 | 0.05 | 0.05 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $18,385,000K ÷ $229,623,000K
= 0.08
Meta Platforms Inc has maintained a relatively stable debt-to-assets ratio over the past eight quarters, ranging from 0.00 to 0.09. This ratio indicates the proportion of the company's total debt to its total assets.
The company's debt-to-assets ratio was at its lowest in the second and first quarters of 2022 at 0.00, suggesting that the company had no debt relative to its assets during these periods. However, there was a slight increase in this ratio in subsequent quarters, reaching a peak of 0.09 in the second quarter of 2023.
Overall, Meta Platforms Inc appears to have a conservative debt structure, with a low debt-to-assets ratio indicating that the company relies less on debt financing to fund its operations and investments. This can be viewed positively by investors and creditors as it indicates a lower financial risk and potentially stronger financial stability.
Peer comparison
Dec 31, 2023