Qualcomm Incorporated (QCOM)

Debt-to-assets ratio

		Sep 30, 2024	Jun 23, 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	Dec 31, 2019
Long-term debt	US$ in thousands	13,270,000	13,800,000	14,800,000	15,100,000	14,484,000	14,900,000	15,100,000	15,431,000	13,537,000	13,600,000	15,500,000	16,900,000	13,701,000	17,000,000	16,600,000	17,700,000	15,226,000	15,425,000	16,700,000	16,600,000
Total assets	US$ in thousands	55,154,000	52,741,000	53,167,000	52,135,000	51,040,000	49,002,000	48,362,000	50,014,000	49,014,000	47,020,000	44,302,000	42,820,000	41,240,000	38,769,000	37,168,000	37,479,000	35,594,000	32,328,000	31,938,000	33,111,000
Debt-to-assets ratio		0.24	0.26	0.28	0.29	0.28	0.30	0.31	0.31	0.28	0.29	0.35	0.39	0.33	0.44	0.45	0.47	0.43	0.48	0.52	0.50

September 30, 2024 calculation

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

The debt-to-assets ratio of Qualcomm Incorporated has shown some fluctuations over the past few quarters. The ratio measures the proportion of the company's assets financed by debt, with higher ratios indicating higher levels of debt relative to assets.

From December 2019 to March 2020, the debt-to-assets ratio increased steadily from 0.47 to 0.52, suggesting a higher reliance on debt financing during this period. Subsequently, the ratio decreased slightly to 0.50 by June 2020 before increasing again to 0.43 by December 2020.

Throughout 2021, the ratio continued to fluctuate within a range of 0.33 to 0.39, indicating some variability in the company's debt and asset levels during the year.

In 2022, the debt-to-assets ratio saw a slight decrease from 0.31 in March to 0.28 in September before increasing to 0.35 by March 2022. The ratio peaked at 0.45 in March 2023, representing a significant increase in debt relative to assets.

Since March 2023, the ratio has generally trended downwards, with some fluctuations, reaching 0.24 by September 2024. This decline suggests a reduction in debt levels compared to assets in the most recent period.

Overall, Qualcomm's debt-to-assets ratio has shown variability over the past few years, indicating changes in the company's capital structure and debt management strategies. Investors and stakeholders may monitor these trends to assess Qualcomm's financial leverage and risk.