Stock Analysis on Net
Stock Analysis on Net

Alphabet Inc. (NASDAQ:GOOG)

Analysis of Solvency Ratios
Quarterly Data

Beginner level

Solvency Ratios (Summary)

Alphabet Inc., solvency ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Debt Ratios
Debt to equity 0.06 0.07 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.04
Debt to equity (including operating lease liability) 0.11 0.12 0.07 0.08 0.07 0.07 0.07 0.07 0.02 0.02 0.02 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.04
Debt to capital 0.06 0.06 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.02 0.03 0.03 0.03 0.03 0.03 0.04
Debt to capital (including operating lease liability) 0.10 0.10 0.07 0.07 0.07 0.07 0.06 0.06 0.02 0.02 0.02 0.03 0.03 0.02 0.03 0.03 0.03 0.03 0.03 0.04
Debt to assets 0.04 0.05 0.01 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03
Debt to assets (including operating lease liability) 0.08 0.08 0.05 0.06 0.05 0.05 0.05 0.05 0.02 0.02 0.02 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03
Financial leverage 1.44 1.41 1.34 1.34 1.37 1.35 1.34 1.34 1.31 1.30 1.31 1.29 1.29 1.21 1.20 1.19 1.20 1.19 1.21 1.21

Based on: 10-K (filing date: 2021-02-03), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-04), 10-Q (filing date: 2019-10-29), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-02-05), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-24), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-03), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-03).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Alphabet Inc.’s debt to equity ratio deteriorated from Q2 2020 to Q3 2020 but then slightly improved from Q3 2020 to Q4 2020.
Debt to equity (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Alphabet Inc.’s debt to equity ratio (including operating lease liability) deteriorated from Q2 2020 to Q3 2020 but then slightly improved from Q3 2020 to Q4 2020.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Alphabet Inc.’s debt to capital ratio deteriorated from Q2 2020 to Q3 2020 but then slightly improved from Q3 2020 to Q4 2020.
Debt to capital (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Alphabet Inc.’s debt to capital ratio (including operating lease liability) deteriorated from Q2 2020 to Q3 2020 but then slightly improved from Q3 2020 to Q4 2020.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Alphabet Inc.’s debt to assets ratio deteriorated from Q2 2020 to Q3 2020 but then slightly improved from Q3 2020 to Q4 2020.
Debt to assets (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Alphabet Inc.’s debt to assets ratio (including operating lease liability) deteriorated from Q2 2020 to Q3 2020 but then slightly improved from Q3 2020 to Q4 2020.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Alphabet Inc.’s financial leverage ratio increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.

Debt to Equity

Alphabet Inc., debt to equity calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Short-term debt —  —  —  —  —  —  —  —  —  —  —  1,329  —  —  —  —  —  —  2,219  3,221 
Long-term debt, excluding current portion 13,932  13,902  4,018  5,016  4,554  4,082  4,074  4,066  4,012  3,986  3,981  3,973  3,969  3,964  3,955  3,937  3,935  3,938  1,984  1,987 
Total debt 13,932  13,902  4,018  5,016  4,554  4,082  4,074  4,066  4,012  3,986  3,981  5,302  3,969  3,964  3,955  3,937  3,935  3,938  4,203  5,208 
 
Stockholders’ equity 222,544  212,920  207,322  203,659  201,442  194,969  192,192  183,472  177,628  169,840  162,000  160,825  152,502  157,100  148,286  144,949  139,036  134,103  127,879  123,569 
Solvency Ratio
Debt to equity1 0.06 0.07 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.04
Benchmarks
Debt to Equity, Competitors2
Adobe Inc. 0.31 0.35 0.38 0.39 0.39 0.40 0.42 0.42 0.44 0.21 0.22 0.22 0.22 0.23 0.24 0.25 0.26 0.26 0.26 0.27
Autodesk Inc. 14.78 5.02 2.94 2.03 1.40 1.12 1.04 0.92 0.86 0.78 0.34
Facebook Inc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
International Business Machines Corp. 3.08 3.15 3.22 3.02 3.69 4.14 3.03 2.73 2.37 2.46 2.55 2.66 2.32 2.48 2.33 2.31 2.50 2.83 3.05
Intuit Inc. 0.66 0.08 0.11 0.12 0.12 0.11 0.15 0.15 0.19 0.19 0.95 0.73 0.36 0.29 1.46 1.18 0.86 0.80 1.94 0.81
Microsoft Corp. 0.54 0.58 0.63 0.66 0.71 0.77 0.79 0.89 0.92 0.97 1.14 0.95 1.19 1.20 1.23 1.06 0.75 0.62 0.58 0.50
Oracle Corp. 5.93 3.63 3.32 2.95 2.58 2.37 1.90 1.53 1.33 1.27 1.09 0.95 1.08 1.07 1.12 1.14 0.93 0.87 0.91 0.89
salesforce.com inc. 0.08 0.08 0.17 0.19 0.20 0.25 0.27 0.29 0.18 0.21 0.22 0.23 0.27 0.27 0.29 0.23 0.26 0.27 0.28 0.30
ServiceNow Inc. 0.58 0.64 0.28 0.31 0.33 0.48 0.54 0.56 0.60 0.80 0.96 1.33 2.01 2.10 2.36 1.21 1.31 1.38 1.51 1.60

Based on: 10-K (filing date: 2021-02-03), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-04), 10-Q (filing date: 2019-10-29), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-02-05), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-24), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-03), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-03).

1 Q4 2020 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 13,932 ÷ 222,544 = 0.06

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Alphabet Inc.’s debt to equity ratio deteriorated from Q2 2020 to Q3 2020 but then slightly improved from Q3 2020 to Q4 2020.

Debt to Equity (including Operating Lease Liability)

Alphabet Inc., debt to equity (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Short-term debt —  —  —  —  —  —  —  —  —  —  —  1,329  —  —  —  —  —  —  2,219  3,221 
Long-term debt, excluding current portion 13,932  13,902  4,018  5,016  4,554  4,082  4,074  4,066  4,012  3,986  3,981  3,973  3,969  3,964  3,955  3,937  3,935  3,938  1,984  1,987 
Total debt 13,932  13,902  4,018  5,016  4,554  4,082  4,074  4,066  4,012  3,986  3,981  5,302  3,969  3,964  3,955  3,937  3,935  3,938  4,203  5,208 
Long-term operating lease liabilities 11,146  10,984  10,709  10,476  10,214  9,666  9,088  8,206  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 25,078  24,886  14,727  15,492  14,768  13,748  13,162  12,272  4,012  3,986  3,981  5,302  3,969  3,964  3,955  3,937  3,935  3,938  4,203  5,208 
 
Stockholders’ equity 222,544  212,920  207,322  203,659  201,442  194,969  192,192  183,472  177,628  169,840  162,000  160,825  152,502  157,100  148,286  144,949  139,036  134,103  127,879  123,569 
Solvency Ratio
Debt to equity (including operating lease liability)1 0.11 0.12 0.07 0.08 0.07 0.07 0.07 0.07 0.02 0.02 0.02 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.04
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Adobe Inc. 0.35 0.40 0.43 0.45 0.39 0.40 0.42 0.42 0.44 0.21 0.22 0.22 0.22 0.23 0.24 0.25 0.26 0.26 0.26 0.27
Autodesk Inc. 14.78 5.02 2.94 2.03 1.40 1.12 1.04 0.92 0.86 0.78 0.34
Facebook Inc. 0.08 0.09 0.10 0.10 0.10 0.10 0.09 0.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
International Business Machines Corp. 3.32 3.39 3.47 3.27 3.98 4.44 3.33 2.73 2.37 2.46 2.55 2.66 2.32 2.48 2.33 2.31 2.50 2.83 3.05
Intuit Inc. 0.70 0.13 0.19 0.20 0.12 0.11 0.15 0.15 0.19 0.19 0.95 0.73 0.36 0.29 1.46 1.18 0.86 0.80 1.94 0.81
Microsoft Corp. 0.60 0.65 0.70 0.72 0.77 0.83 0.86 0.95 0.99 1.05 1.21 1.02 1.19 1.20 1.23 1.06 0.75 0.62 0.58 0.50
salesforce.com inc. 0.17 0.18 0.35 0.38 0.20 0.25 0.27 0.29 0.18 0.21 0.22 0.23 0.27 0.27 0.29 0.23 0.26 0.27 0.28 0.30
ServiceNow Inc. 0.75 0.82 0.48 0.53 0.53 0.79 0.88 0.91 0.60 0.80 0.96 1.33 2.01 2.10 2.36 1.21 1.31 1.38 1.51 1.60

Based on: 10-K (filing date: 2021-02-03), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-04), 10-Q (filing date: 2019-10-29), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-02-05), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-24), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-03), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-03).

1 Q4 2020 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 25,078 ÷ 222,544 = 0.11

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Alphabet Inc.’s debt to equity ratio (including operating lease liability) deteriorated from Q2 2020 to Q3 2020 but then slightly improved from Q3 2020 to Q4 2020.

Debt to Capital

Alphabet Inc., debt to capital calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Short-term debt —  —  —  —  —  —  —  —  —  —  —  1,329  —  —  —  —  —  —  2,219  3,221 
Long-term debt, excluding current portion 13,932  13,902  4,018  5,016  4,554  4,082  4,074  4,066  4,012  3,986  3,981  3,973  3,969  3,964  3,955  3,937  3,935  3,938  1,984  1,987 
Total debt 13,932  13,902  4,018  5,016  4,554  4,082  4,074  4,066  4,012  3,986  3,981  5,302  3,969  3,964  3,955  3,937  3,935  3,938  4,203  5,208 
Stockholders’ equity 222,544  212,920  207,322  203,659  201,442  194,969  192,192  183,472  177,628  169,840  162,000  160,825  152,502  157,100  148,286  144,949  139,036  134,103  127,879  123,569 
Total capital 236,476  226,822  211,340  208,675  205,996  199,051  196,266  187,538  181,640  173,826  165,981  166,127  156,471  161,064  152,241  148,886  142,971  138,041  132,082  128,777 
Solvency Ratio
Debt to capital1 0.06 0.06 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.02 0.03 0.03 0.03 0.03 0.03 0.04
Benchmarks
Debt to Capital, Competitors2
Adobe Inc. 0.24 0.26 0.27 0.28 0.28 0.29 0.29 0.29 0.31 0.17 0.18 0.18 0.18 0.19 0.19 0.20 0.20 0.21 0.21 0.21
Autodesk Inc. 1.07 1.11 1.12 1.14 1.11 1.27 1.18 1.09 1.19 0.94 0.83 0.75 0.67 0.58 0.53 0.51 0.48 0.46 0.44 0.25
Facebook Inc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
International Business Machines Corp. 0.76 0.76 0.76 0.75 0.79 0.81 0.75 0.73 0.70 0.71 0.72 0.73 0.70 0.71 0.70 0.70 0.71 0.74 0.75
Intuit Inc. 0.40 0.08 0.10 0.10 0.10 0.10 0.13 0.13 0.16 0.16 0.49 0.42 0.26 0.23 0.59 0.54 0.46 0.44 0.66 0.45
Microsoft Corp. 0.35 0.37 0.39 0.40 0.41 0.44 0.44 0.47 0.48 0.49 0.53 0.49 0.54 0.55 0.55 0.51 0.43 0.38 0.37 0.33
Oracle Corp. 0.86 0.78 0.77 0.75 0.72 0.70 0.65 0.60 0.57 0.56 0.52 0.49 0.52 0.52 0.53 0.53 0.48 0.47 0.48 0.47
salesforce.com inc. 0.07 0.08 0.15 0.16 0.17 0.20 0.21 0.22 0.15 0.17 0.18 0.19 0.21 0.21 0.23 0.19 0.21 0.21 0.22 0.23
ServiceNow Inc. 0.37 0.39 0.22 0.24 0.25 0.32 0.35 0.36 0.37 0.44 0.49 0.57 0.67 0.68 0.70 0.55 0.57 0.58 0.60 0.61

Based on: 10-K (filing date: 2021-02-03), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-04), 10-Q (filing date: 2019-10-29), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-02-05), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-24), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-03), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-03).

1 Q4 2020 Calculation
Debt to capital = Total debt ÷ Total capital
= 13,932 ÷ 236,476 = 0.06

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Alphabet Inc.’s debt to capital ratio deteriorated from Q2 2020 to Q3 2020 but then slightly improved from Q3 2020 to Q4 2020.

Debt to Capital (including Operating Lease Liability)

Alphabet Inc., debt to capital (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Short-term debt —  —  —  —  —  —  —  —  —  —  —  1,329  —  —  —  —  —  —  2,219  3,221 
Long-term debt, excluding current portion 13,932  13,902  4,018  5,016  4,554  4,082  4,074  4,066  4,012  3,986  3,981  3,973  3,969  3,964  3,955  3,937  3,935  3,938  1,984  1,987 
Total debt 13,932  13,902  4,018  5,016  4,554  4,082  4,074  4,066  4,012  3,986  3,981  5,302  3,969  3,964  3,955  3,937  3,935  3,938  4,203  5,208 
Long-term operating lease liabilities 11,146  10,984  10,709  10,476  10,214  9,666  9,088  8,206  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 25,078  24,886  14,727  15,492  14,768  13,748  13,162  12,272  4,012  3,986  3,981  5,302  3,969  3,964  3,955  3,937  3,935  3,938  4,203  5,208 
Stockholders’ equity 222,544  212,920  207,322  203,659  201,442  194,969  192,192  183,472  177,628  169,840  162,000  160,825  152,502  157,100  148,286  144,949  139,036  134,103  127,879  123,569 
Total capital (including operating lease liability) 247,622  237,806  222,049  219,151  216,210  208,717  205,354  195,744  181,640  173,826  165,981  166,127  156,471  161,064  152,241  148,886  142,971  138,041  132,082  128,777 
Solvency Ratio
Debt to capital (including operating lease liability)1 0.10 0.10 0.07 0.07 0.07 0.07 0.06 0.06 0.02 0.02 0.02 0.03 0.03 0.02 0.03 0.03 0.03 0.03 0.03 0.04
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Adobe Inc. 0.26 0.29 0.30 0.31 0.28 0.29 0.29 0.29 0.31 0.17 0.18 0.18 0.18 0.19 0.19 0.20 0.20 0.21 0.21 0.21
Autodesk Inc. 1.06 1.09 1.10 1.12 1.11 1.27 1.18 1.09 1.19 0.94 0.83 0.75 0.67 0.58 0.53 0.51 0.48 0.46 0.44 0.25
Facebook Inc. 0.08 0.08 0.09 0.09 0.09 0.09 0.08 0.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
International Business Machines Corp. 0.77 0.77 0.78 0.77 0.80 0.82 0.77 0.73 0.70 0.71 0.72 0.73 0.70 0.71 0.70 0.70 0.71 0.74 0.75
Intuit Inc. 0.41 0.11 0.16 0.17 0.10 0.10 0.13 0.13 0.16 0.16 0.49 0.42 0.26 0.23 0.59 0.54 0.46 0.44 0.66 0.45
Microsoft Corp. 0.38 0.39 0.41 0.42 0.43 0.45 0.46 0.49 0.50 0.51 0.55 0.50 0.54 0.55 0.55 0.51 0.43 0.38 0.37 0.33
salesforce.com inc. 0.15 0.15 0.26 0.27 0.17 0.20 0.21 0.22 0.15 0.17 0.18 0.19 0.21 0.21 0.23 0.19 0.21 0.21 0.22 0.23
ServiceNow Inc. 0.43 0.45 0.33 0.35 0.35 0.44 0.47 0.48 0.37 0.44 0.49 0.57 0.67 0.68 0.70 0.55 0.57 0.58 0.60 0.61

Based on: 10-K (filing date: 2021-02-03), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-04), 10-Q (filing date: 2019-10-29), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-02-05), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-24), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-03), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-03).

1 Q4 2020 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 25,078 ÷ 247,622 = 0.10

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Alphabet Inc.’s debt to capital ratio (including operating lease liability) deteriorated from Q2 2020 to Q3 2020 but then slightly improved from Q3 2020 to Q4 2020.

Debt to Assets

Alphabet Inc., debt to assets calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Short-term debt —  —  —  —  —  —  —  —  —  —  —  1,329  —  —  —  —  —  —  2,219  3,221 
Long-term debt, excluding current portion 13,932  13,902  4,018  5,016  4,554  4,082  4,074  4,066  4,012  3,986  3,981  3,973  3,969  3,964  3,955  3,937  3,935  3,938  1,984  1,987 
Total debt 13,932  13,902  4,018  5,016  4,554  4,082  4,074  4,066  4,012  3,986  3,981  5,302  3,969  3,964  3,955  3,937  3,935  3,938  4,203  5,208 
 
Total assets 319,616  299,243  278,492  273,403  275,909  263,044  257,101  245,349  232,792  221,538  211,610  206,935  197,295  189,536  178,621  172,756  167,497  159,948  154,292  149,747 
Solvency Ratio
Debt to assets1 0.04 0.05 0.01 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03
Benchmarks
Debt to Assets, Competitors2
Adobe Inc. 0.17 0.18 0.19 0.19 0.20 0.21 0.21 0.21 0.22 0.12 0.12 0.13 0.13 0.14 0.14 0.14 0.15 0.15 0.16 0.16
Autodesk Inc. 0.34 0.35 0.38 0.41 0.44 0.42 0.41 0.41 0.39 0.38 0.36 0.34 0.31 0.31 0.30 0.29 0.27 0.28 0.28 0.16
Facebook Inc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
International Business Machines Corp. 0.42 0.42 0.42 0.41 0.44 0.47 0.38 0.37 0.38 0.37 0.37 0.37 0.38 0.38 0.36 0.36 0.37 0.38 0.38
Intuit Inc. 0.31 0.05 0.06 0.07 0.07 0.06 0.08 0.09 0.08 0.08 0.23 0.22 0.12 0.10 0.26 0.28 0.24 0.20 0.29 0.22
Microsoft Corp. 0.21 0.23 0.25 0.25 0.25 0.28 0.28 0.30 0.29 0.31 0.35 0.34 0.36 0.37 0.38 0.35 0.28 0.26 0.25 0.22
Oracle Corp. 0.62 0.53 0.52 0.51 0.52 0.51 0.49 0.45 0.44 0.44 0.44 0.40 0.43 0.43 0.44 0.44 0.39 0.38 0.39 0.38
salesforce.com inc. 0.05 0.06 0.09 0.10 0.10 0.14 0.14 0.14 0.08 0.10 0.10 0.11 0.11 0.13 0.12 0.10 0.10 0.12 0.12 0.12
ServiceNow Inc. 0.19 0.22 0.11 0.11 0.12 0.14 0.15 0.15 0.17 0.23 0.25 0.31 0.35 0.38 0.39 0.24 0.25 0.28 0.29 0.26

Based on: 10-K (filing date: 2021-02-03), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-04), 10-Q (filing date: 2019-10-29), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-02-05), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-24), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-03), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-03).

1 Q4 2020 Calculation
Debt to assets = Total debt ÷ Total assets
= 13,932 ÷ 319,616 = 0.04

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Alphabet Inc.’s debt to assets ratio deteriorated from Q2 2020 to Q3 2020 but then slightly improved from Q3 2020 to Q4 2020.

Debt to Assets (including Operating Lease Liability)

Alphabet Inc., debt to assets (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Short-term debt —  —  —  —  —  —  —  —  —  —  —  1,329  —  —  —  —  —  —  2,219  3,221 
Long-term debt, excluding current portion 13,932  13,902  4,018  5,016  4,554  4,082  4,074  4,066  4,012  3,986  3,981  3,973  3,969  3,964  3,955  3,937  3,935  3,938  1,984  1,987 
Total debt 13,932  13,902  4,018  5,016  4,554  4,082  4,074  4,066  4,012  3,986  3,981  5,302  3,969  3,964  3,955  3,937  3,935  3,938  4,203  5,208 
Long-term operating lease liabilities 11,146  10,984  10,709  10,476  10,214  9,666  9,088  8,206  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 25,078  24,886  14,727  15,492  14,768  13,748  13,162  12,272  4,012  3,986  3,981  5,302  3,969  3,964  3,955  3,937  3,935  3,938  4,203  5,208 
 
Total assets 319,616  299,243  278,492  273,403  275,909  263,044  257,101  245,349  232,792  221,538  211,610  206,935  197,295  189,536  178,621  172,756  167,497  159,948  154,292  149,747 
Solvency Ratio
Debt to assets (including operating lease liability)1 0.08 0.08 0.05 0.06 0.05 0.05 0.05 0.05 0.02 0.02 0.02 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Adobe Inc. 0.19 0.21 0.22 0.22 0.20 0.21 0.21 0.21 0.22 0.12 0.12 0.13 0.13 0.14 0.14 0.14 0.15 0.15 0.16 0.16
Autodesk Inc. 0.41 0.41 0.44 0.48 0.44 0.42 0.41 0.41 0.39 0.38 0.36 0.34 0.31 0.31 0.30 0.29 0.27 0.28 0.28 0.16
Facebook Inc. 0.07 0.07 0.08 0.07 0.08 0.07 0.07 0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
International Business Machines Corp. 0.46 0.45 0.45 0.45 0.48 0.51 0.42 0.37 0.38 0.37 0.37 0.37 0.38 0.38 0.36 0.36 0.37 0.38 0.38
Intuit Inc. 0.33 0.08 0.10 0.12 0.07 0.06 0.08 0.09 0.08 0.08 0.23 0.22 0.12 0.10 0.26 0.28 0.24 0.20 0.29 0.22
Microsoft Corp. 0.24 0.26 0.27 0.27 0.27 0.30 0.30 0.32 0.32 0.34 0.37 0.37 0.36 0.37 0.38 0.35 0.28 0.26 0.25 0.22
salesforce.com inc. 0.11 0.12 0.18 0.19 0.10 0.14 0.14 0.14 0.08 0.10 0.10 0.11 0.11 0.13 0.12 0.10 0.10 0.12 0.12 0.12
ServiceNow Inc. 0.24 0.29 0.18 0.19 0.19 0.24 0.24 0.25 0.17 0.23 0.25 0.31 0.35 0.38 0.39 0.24 0.25 0.28 0.29 0.26

Based on: 10-K (filing date: 2021-02-03), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-04), 10-Q (filing date: 2019-10-29), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-02-05), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-24), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-03), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-03).

1 Q4 2020 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 25,078 ÷ 319,616 = 0.08

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Alphabet Inc.’s debt to assets ratio (including operating lease liability) deteriorated from Q2 2020 to Q3 2020 but then slightly improved from Q3 2020 to Q4 2020.

Financial Leverage

Alphabet Inc., financial leverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Total assets 319,616  299,243  278,492  273,403  275,909  263,044  257,101  245,349  232,792  221,538  211,610  206,935  197,295  189,536  178,621  172,756  167,497  159,948  154,292  149,747 
Stockholders’ equity 222,544  212,920  207,322  203,659  201,442  194,969  192,192  183,472  177,628  169,840  162,000  160,825  152,502  157,100  148,286  144,949  139,036  134,103  127,879  123,569 
Solvency Ratio
Financial leverage1 1.44 1.41 1.34 1.34 1.37 1.35 1.34 1.34 1.31 1.30 1.31 1.29 1.29 1.21 1.20 1.19 1.20 1.19 1.21 1.21
Benchmarks
Financial Leverage, Competitors2
Adobe Inc. 1.83 1.91 1.99 2.03 1.97 1.96 1.98 1.98 2.00 1.74 1.74 1.73 1.72 1.70 1.71 1.72 1.71 1.70 1.69 1.68
Autodesk Inc. 38.70 13.80 8.72 6.54 4.55 3.79 3.63 3.41 3.01 2.81 2.15
Facebook Inc. 1.24 1.24 1.26 1.31 1.32 1.32 1.32 1.27 1.16 1.15 1.14 1.15 1.14 1.11 1.11 1.10 1.10 1.10 1.11 1.10
International Business Machines Corp. 7.27 7.50 7.67 7.30 8.33 8.76 7.94 7.35 6.17 6.57 6.90 7.12 6.20 6.54 6.41 6.44 6.80 7.50 7.96
Intuit Inc. 2.14 1.64 1.80 1.70 1.68 1.70 1.91 1.77 2.20 2.45 4.23 3.38 3.00 2.93 5.57 4.20 3.66 3.96 6.78 3.65
Microsoft Corp. 2.55 2.49 2.57 2.63 2.80 2.78 2.81 3.00 3.13 3.10 3.27 2.78 3.33 3.23 3.26 3.02 2.69 2.43 2.35 2.23
Oracle Corp. 9.56 6.79 6.33 5.76 4.99 4.61 3.87 3.37 3.00 2.89 2.48 2.39 2.51 2.48 2.55 2.60 2.37 2.29 2.32 2.33
salesforce.com inc. 1.63 1.50 1.94 2.02 1.97 1.81 1.91 2.08 2.24 1.98 2.06 2.15 2.34 2.11 2.35 2.30 2.55 2.30 2.38 2.45
ServiceNow Inc. 3.07 2.88 2.63 2.73 2.83 3.33 3.65 3.68 3.49 3.51 3.89 4.28 5.82 5.57 6.06 5.08 5.26 5.00 5.29 6.20

Based on: 10-K (filing date: 2021-02-03), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-04), 10-Q (filing date: 2019-10-29), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-02-05), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-24), 10-Q (filing date: 2018-04-24), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-03), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-04), 10-Q (filing date: 2016-05-03).

1 Q4 2020 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 319,616 ÷ 222,544 = 1.44

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Alphabet Inc.’s financial leverage ratio increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.