Qualcomm Incorporated (QCOM)
Debt-to-equity ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 13,437,000 | 13,426,000 | 15,405,000 |
| Total stockholders’ equity | US$ in thousands | 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 | 4,909,000 | 5,463,000 | 3,866,000 |
| Debt-to-equity ratio | 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 | 2.74 | 2.46 | 3.98 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $15,100,000K ÷ $23,058,000K
= 0.65
Qualcomm Incorporated's debt-to-equity ratio has displayed fluctuations over the past several quarters. The ratio indicates the proportion of the company's debt relative to its equity, reflecting its financial leverage.
From December 2023 to June 2020, the debt-to-equity ratio declined steadily from 0.65 to 0.75 before experiencing a sharp increase to 4.67 by March 2020. This significant rise could signify a substantial increase in debt relative to equity over a short period.
Subsequently, there was a further increase to 5.48 by September 2019, which suggests heightened financial risk as the company's debt levels exceeded its equity by a notable margin. The ratio then decreased to 3.68 by December 2019, indicating some improvement in the company's leverage position.
Overall, the trend of Qualcomm's debt-to-equity ratio shows fluctuations, indicating varying levels of financial leverage and potential risks associated with debt financing. Analysts and investors may closely monitor this ratio to assess the company's ability to manage its debt levels and sustain long-term growth prospects.
Peer comparison
Dec 31, 2023