ServiceNow Inc (NOW)
Debt-to-equity ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,489,000 | 1,489,000 | 1,488,000 | 1,488,000 | 1,488,000 | 1,487,000 | 1,487,000 | 1,486,000 | 1,486,000 | 1,485,000 | 1,485,000 | 1,484,000 | 1,484,000 | 1,484,000 | 1,483,000 | 1,611,000 | 1,640,000 | 1,705,530 | 696,123 | 701,288 |
| Total stockholders’ equity | US$ in thousands | 9,609,000 | 9,290,000 | 8,666,000 | 8,107,000 | 7,628,000 | 7,182,000 | 6,926,000 | 5,600,000 | 5,032,000 | 4,523,000 | 4,194,000 | 3,997,000 | 3,695,000 | 3,534,000 | 3,275,000 | 3,037,000 | 2,834,000 | 2,674,000 | 2,479,000 | 2,266,000 |
| Debt-to-equity ratio | 0.15 | 0.16 | 0.17 | 0.18 | 0.20 | 0.21 | 0.21 | 0.27 | 0.30 | 0.33 | 0.35 | 0.37 | 0.40 | 0.42 | 0.45 | 0.53 | 0.58 | 0.64 | 0.28 | 0.31 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,489,000K ÷ $9,609,000K
= 0.15
ServiceNow Inc's debt-to-equity ratio has been on a downward trend over the past few years, indicating a decreasing reliance on debt financing relative to equity. As of December 31, 2024, the debt-to-equity ratio stands at 0.15, suggesting that the company has a lower level of debt in relation to its equity. This trend may signal a strong financial position, as lower debt levels can reduce financial risk and provide more flexibility for the company in managing its capital structure. It is important for investors and stakeholders to monitor this ratio over time to assess the company's leverage and risk profile.
Peer comparison
Dec 31, 2024