Qualcomm Incorporated (QCOM)

Debt-to-equity 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-equity ratio		0.51	0.56	0.60	0.65	0.67	0.72	0.77	0.82	0.75	0.85	1.16	1.49	1.38	2.08	2.24	2.40	2.51	4.67	5.48	3.68

September 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $13,270,000K ÷ $26,274,000K
= 0.51

The debt-to-equity ratio of Qualcomm Incorporated has shown fluctuating trends over the past several quarters. From December 2019 to June 2021, the ratio remained relatively stable, with values ranging between 0.51 and 1.49. However, there was a notable increase in the ratio in March 2022, reaching 1.16, and further escalation by September 2022, where it surged to 2.08.

Subsequently, there was a significant spike in the debt-to-equity ratio by December 2022, hitting 2.51, and continued to rise in the following quarters, peaking at 5.48 in June 2023. This sharp increase indicates a substantial buildup of debt relative to equity during this period.

From June 2023 onwards, there was a gradual decline in the debt-to-equity ratio, suggesting some efforts to reduce debt levels or increase equity. The ratio decreased to 0.75 in September 2023 but started to rise again until March 2024, where it reached 0.60.

The latest available data as of September 2024 shows a debt-to-equity ratio of 0.51, indicating a reduction in the company's reliance on debt financing and a stronger equity position compared to the previous quarter. This downward trend in the ratio may signify improved financial health and better risk management by Qualcomm Incorporated as they strive for a more balanced capital structure.