Qualcomm Incorporated (QCOM)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	26,274,000	24,670,000	24,469,000	23,058,000	21,581,000	20,670,000	19,698,000	18,810,000	18,013,000	16,048,000	13,328,000	11,333,000	9,950,000	8,177,000	7,424,000	7,380,000	6,077,000	3,306,000	3,045,000	4,513,000
Debt-to-capital ratio		0.34	0.36	0.38	0.40	0.40	0.42	0.43	0.45	0.43	0.46	0.54	0.60	0.58	0.68	0.69	0.71	0.71	0.82	0.85	0.79

September 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $13,270,000K ÷ ($13,270,000K + $26,274,000K)
= 0.34

The debt-to-capital ratio of Qualcomm Incorporated has been fluctuating over the past few years, ranging from 0.34 to 0.85. A decreasing trend in the debt-to-capital ratio indicates that Qualcomm has been relying less on debt to finance its operations in comparison to its equity. However, a higher ratio suggests a higher proportion of debt in the capital structure.

The decreasing trend seen in recent quarters may indicate Qualcomm's efforts to reduce its reliance on debt financing and strengthen its financial position. It is important to note that a low debt-to-capital ratio can indicate financial stability and lower financial risk, while a high ratio may suggest higher financial leverage and risk.

Overall, it is essential for Qualcomm to maintain a balance between debt and equity financing to ensure sustainable growth and financial stability. Additionally, monitoring changes in the debt-to-capital ratio over time can provide insights into Qualcomm's capital structure and financial health.