Debt to Equity
since 2005
Calculation
Alphabet Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 0.03 | = | 10,883) | ÷ | 325,084) |
| Dec 31, 2023 | 0.05 | = | 13,253) | ÷ | 283,379) |
| Dec 31, 2022 | 0.06 | = | 14,701) | ÷ | 256,144) |
| Dec 31, 2021 | 0.06 | = | 14,817) | ÷ | 251,635) |
| Dec 31, 2020 | 0.06 | = | 13,932) | ÷ | 222,544) |
| Dec 31, 2019 | 0.02 | = | 4,554) | ÷ | 201,442) |
| Dec 31, 2018 | 0.02 | = | 4,012) | ÷ | 177,628) |
| Dec 31, 2017 | 0.03 | = | 3,969) | ÷ | 152,502) |
| Dec 31, 2016 | 0.03 | = | 3,935) | ÷ | 139,036) |
| Dec 31, 2015 | 0.04 | = | 5,220) | ÷ | 120,331) |
| Dec 31, 2014 | 0.05 | = | 5,237) | ÷ | 104,500) |
| Dec 31, 2013 | 0.06 | = | 5,245) | ÷ | 87,309) |
| Dec 31, 2012 | 0.08 | = | 5,537) | ÷ | 71,715) |
| Dec 31, 2011 | 0.07 | = | 4,204) | ÷ | 58,145) |
| Dec 31, 2010 | 0.07 | = | 3,465) | ÷ | 46,241) |
| Dec 31, 2009 | 0.00 | = | —) | ÷ | 36,004) |
| Dec 31, 2008 | 0.00 | = | —) | ÷ | 28,239) |
| Dec 31, 2007 | 0.00 | = | —) | ÷ | 22,690) |
| Dec 31, 2006 | 0.00 | = | —) | ÷ | 17,040) |
| Dec 31, 2005 | 0.00 | = | —) | ÷ | 9,419) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
- Total Debt
- The total debt of the company shows data beginning from 2011, with an initial figure of 3,465 million US dollars. From 2011 to 2013, total debt exhibited a steady increase, reaching a peak of 5,537 million US dollars in 2013. Subsequently, debt levels remained relatively stable around 5,200 million US dollars until 2016, after which a downward trend is noticeable, declining to 3,935 million in 2016. Following 2016, total debt fluctuates moderately, rising again to 4,554 million by 2020. In the period between 2020 and 2023, total debt increased considerably, peaking at 14,817 million in 2021, then maintained levels slightly below this peak through 2022 and 2023, followed by a decline to 10,883 million in 2024. The overall trend displays volatility, with significant debt increases in the early 2020s contrasting with generally lower levels in the early 2010s.
- Stockholders’ Equity
- Stockholders’ equity demonstrates a consistent and substantial upward trend over the full available period (2005 to 2024). Starting at 9,419 million US dollars in 2005, equity expanded steadily each year without any observed declines, almost tripling to 28,379 million by 2024. The growth rate appears particularly robust from 2010 onwards, with equity values climbing sharply and accelerating in recent years, indicating strong capital retention, profitability, or capital raising activities that contribute to expanding net asset value.
- Debt to Equity Ratio
- The debt to equity ratio, observable from 2011 onwards, remains consistently low throughout the period. Starting around 0.07 in 2011 and 2012, it declines gradually to about 0.02 between 2013 and 2015, denoting a period where equity growth outpaced debt accumulation. From 2016 through 2019, the ratio remains low and stable, fluctuating narrowly between 0.02 and 0.03. However, a noticeable increase occurs in 2020 and 2021, with the ratio reaching around 0.06, coinciding with the marked rise in total debt during this period. By 2024, the ratio declines again to 0.03, signaling a return to relatively conservative leverage levels. Overall, leverage remains modest compared to equity, with periods of temporary elevation corresponding to increased borrowing.
Comparison to Competitors
Alphabet Inc., debt to equity, long-term trends, comparison to competitors
| Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | Take-Two Interactive Software Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|---|
| Dec 31, 2024 | 0.03 | 1.16 | 0.16 | 0.63 | 0.54 | 0.45 |
| Dec 31, 2023 | 0.05 | 1.17 | 0.12 | 0.71 | 0.34 | 0.47 |
| Dec 31, 2022 | 0.06 | 1.17 | 0.08 | 0.69 | 0.00 | 0.51 |
| Dec 31, 2021 | 0.06 | 0.99 | 0.00 | 0.97 | 0.00 | 0.61 |
| Dec 31, 2020 | 0.06 | 1.15 | 0.00 | 1.47 | 0.00 | 0.70 |
| Dec 31, 2019 | 0.02 | 1.24 | 0.00 | 1.95 | 0.00 | 0.53 |
| Dec 31, 2018 | 0.02 | 1.56 | 0.00 | 1.98 | 0.01 | 0.43 |
| Dec 31, 2017 | 0.03 | 0.94 | 0.00 | 1.81 | 0.25 | 0.61 |
| Dec 31, 2016 | 0.03 | 1.13 | 0.00 | 1.26 | 0.86 | 0.47 |
| Dec 31, 2015 | 0.04 | 1.01 | 0.00 | 1.07 | 0.85 | 0.39 |
| Dec 31, 2014 | 0.05 | 0.92 | 0.01 | 0.48 | 0.57 | 0.33 |
| Dec 31, 2013 | 0.06 | 0.94 | 0.03 | 0.37 | 0.57 | 0.31 |
| Dec 31, 2012 | 0.08 | 0.82 | 0.20 | 0.54 | 0.53 | 0.36 |
| Dec 31, 2011 | 0.07 | 0.83 | — | 0.62 | 0.17 | 0.37 |
| Dec 31, 2010 | 0.07 | 0.71 | — | 0.69 | 0.19 | 0.33 |
| Dec 31, 2009 | 0.00 | 0.68 | — | 1.00 | 0.27 | 0.38 |
| Dec 31, 2008 | 0.00 | 0.80 | — | 0.00 | 0.11 | 0.45 |
| Dec 31, 2007 | 0.00 | 0.76 | — | 0.00 | 0.04 | 0.49 |
| Dec 31, 2006 | 0.00 | 0.70 | — | 0.00 | 0.00 | 0.43 |
| Dec 31, 2005 | 0.00 | 0.58 | — | 0.00 | 0.00 | 0.48 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Media & Entertainment)
Alphabet Inc., debt to equity, long-term trends, comparison to sector (media & entertainment)
| Alphabet Inc. | Media & Entertainment | |
|---|---|---|
| Dec 31, 2024 | 0.03 | 0.28 |
| Dec 31, 2023 | 0.05 | 0.30 |
| Dec 31, 2022 | 0.06 | 0.31 |
| Dec 31, 2021 | 0.06 | 0.31 |
| Dec 31, 2020 | 0.06 | 0.36 |
| Dec 31, 2019 | 0.02 | 0.35 |
| Dec 31, 2018 | 0.02 | 0.38 |
| Dec 31, 2017 | 0.03 | 0.29 |
| Dec 31, 2016 | 0.03 | 0.30 |
| Dec 31, 2015 | 0.04 | 0.30 |
| Dec 31, 2014 | 0.05 | 0.29 |
| Dec 31, 2013 | 0.06 | 0.34 |
| Dec 31, 2012 | 0.08 | 0.36 |
| Dec 31, 2011 | 0.07 | 0.40 |
| Dec 31, 2010 | 0.07 | 0.37 |
| Dec 31, 2009 | 0.00 | 0.37 |
| Dec 31, 2008 | 0.00 | 0.46 |
| Dec 31, 2007 | 0.00 | 0.49 |
| Dec 31, 2006 | 0.00 | 0.47 |
| Dec 31, 2005 | 0.00 | 0.47 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Communication Services)
Alphabet Inc., debt to equity, long-term trends, comparison to industry (communication services)
| Alphabet Inc. | Communication Services | |
|---|---|---|
| Dec 31, 2024 | 0.03 | 0.56 |
| Dec 31, 2023 | 0.05 | 0.61 |
| Dec 31, 2022 | 0.06 | 0.65 |
| Dec 31, 2021 | 0.06 | 0.65 |
| Dec 31, 2020 | 0.06 | 0.66 |
| Dec 31, 2019 | 0.02 | 0.62 |
| Dec 31, 2018 | 0.02 | 0.71 |
| Dec 31, 2017 | 0.03 | 0.75 |
| Dec 31, 2016 | 0.03 | 0.75 |
| Dec 31, 2015 | 0.04 | 0.81 |
| Dec 31, 2014 | 0.05 | 0.81 |
| Dec 31, 2013 | 0.06 | 0.75 |
| Dec 31, 2012 | 0.08 | 0.62 |
| Dec 31, 2011 | 0.07 | 0.62 |
| Dec 31, 2010 | 0.07 | 0.60 |
| Dec 31, 2009 | 0.00 | 0.69 |
| Dec 31, 2008 | 0.00 | 0.73 |
| Dec 31, 2007 | 0.00 | 0.54 |
| Dec 31, 2006 | 0.00 | 0.54 |
| Dec 31, 2005 | 0.00 | 0.62 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).