Qualcomm Incorporated (QCOM)

Debt-to-assets ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Long-term debt	US$ in thousands	13,270,000	14,484,000	13,537,000	13,701,000	15,226,000
Total assets	US$ in thousands	55,154,000	51,040,000	49,014,000	41,240,000	35,594,000
Debt-to-assets ratio		0.24	0.28	0.28	0.33	0.43

September 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $13,270,000K ÷ $55,154,000K
= 0.24

Qualcomm Incorporated's debt-to-assets ratio has shown a declining trend over the past five years, decreasing from 0.43 in September 2020 to 0.24 in September 2024. This indicates that the company has been able to reduce its reliance on debt to finance its assets, which can be viewed positively as it signifies a lower level of financial risk and potential vulnerability to economic downturns. The downward trend suggests that Qualcomm has been effectively managing its debt levels relative to its assets, potentially improving its financial health and stability. It is important to monitor this ratio in future periods to assess Qualcomm's ongoing ability to maintain a healthy balance between debt and assets.