Stock Analysis on Net

Broadcom Inc. (NASDAQ:AVGO)

$24.99

Debt to Equity
since 2009

Microsoft Excel

Calculation

Broadcom Inc., debt to equity, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-11-02), 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-11-01), 10-K (reporting date: 2014-11-02), 10-K (reporting date: 2013-11-03), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-11-01).

1 US$ in millions


Long-term debt, including current portion
The long-term debt exhibits a significant increase over the analyzed periods. Initially, the debt was relatively modest, with values below 1,000 million USD. Starting in the mid-2010s, debt levels surged notably, peaking over 67,000 million USD in 2024 before slightly declining to around 65,000 million USD in 2025. This pattern indicates substantial borrowing activity and possibly increased leverage or financing needs in recent years.
Stockholders’ equity
Stockholders’ equity shows a consistent upward trend throughout the years. Beginning at 1,040 million USD in 2009, it grew steadily, reaching over 81,000 million USD by 2025. The growth is especially pronounced after 2015, suggesting enhanced retained earnings, equity financing, or asset appreciation contributing to the strengthening of the equity base.
Debt to equity ratio
The debt to equity ratio demonstrates variability, reflecting fluctuations in debt and equity composition. Early data shows lower ratios around 0.15 to 0.57, indicative of conservative leverage. Ratios rose significantly during the mid to late 2010s, peaking near 1.74, signaling an increase in leverage relative to equity. However, ratios moderate to values around 1.0 and 0.8 by 2024 and 2025, denoting a slight deleveraging or equity growth outpacing debt increases. Overall, the company maintains a balanced leverage position with periodic adjustments.
Summary of trends
The combined data highlights an overall expansion in both debt and equity, with notable increases in borrowing starting around 2015. Equity growth is robust, supporting the increase in long-term debt and maintaining a manageable debt to equity ratio. Recent years show a trend toward stabilization in leverage, indicating possibly improved financial management or strategic capital structuring to balance growth and risk.

Comparison to Competitors

Broadcom Inc., debt to equity, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2025-11-02), 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-11-01), 10-K (reporting date: 2014-11-02), 10-K (reporting date: 2013-11-03), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-11-01).


Comparison to Sector (Semiconductors & Semiconductor Equipment)

Broadcom Inc., debt to equity, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel

Based on: 10-K (reporting date: 2025-11-02), 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-11-01), 10-K (reporting date: 2014-11-02), 10-K (reporting date: 2013-11-03), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-11-01).


Comparison to Industry (Information Technology)

Broadcom Inc., debt to equity, long-term trends, comparison to industry (information technology)

Microsoft Excel

Based on: 10-K (reporting date: 2025-11-02), 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-11-01), 10-K (reporting date: 2014-11-02), 10-K (reporting date: 2013-11-03), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-11-01).