Stock Analysis on Net
Stock Analysis on Net

International Business Machines Corp. (NYSE:IBM)

Debt to Equity 
since 2005

Microsoft Excel

Calculation

International Business Machines Corp., debt to equity, long-term trends, calculation

Microsoft Excel
Debt to equity = Total debt1 ÷ Total IBM stockholders’ equity1
Dec 31, 2021 2.74 = 51,704  ÷ 18,901 
Dec 31, 2020 2.99 = 61,538  ÷ 20,597 
Dec 31, 2019 3.02 = 62,899  ÷ 20,841 
Dec 31, 2018 2.73 = 45,812  ÷ 16,796 
Dec 31, 2017 2.66 = 46,824  ÷ 17,594 
Dec 31, 2016 2.31 = 42,168  ÷ 18,246 
Dec 31, 2015 2.80 = 39,889  ÷ 14,262 
Dec 31, 2014 3.44 = 40,804  ÷ 11,868 
Dec 31, 2013 1.74 = 39,718  ÷ 22,792 
Dec 31, 2012 1.76 = 33,269  ÷ 18,860 
Dec 31, 2011 1.56 = 31,320  ÷ 20,138 
Dec 31, 2010 1.24 = 28,624  ÷ 23,046 
Dec 31, 2009 1.15 = 26,100  ÷ 22,637 
Dec 31, 2008 2.52 = 33,925  ÷ 13,465 
Dec 31, 2007 1.24 = 35,274  ÷ 28,470 
Dec 31, 2006 0.80 = 22,682  ÷ 28,506 
Dec 31, 2005 0.68 = 22,641  ÷ 33,098 

Based on: 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

Comparison to Competitors

International Business Machines Corp., debt to equity, long-term trends, comparison to competitors

Microsoft Excel
International Business Machines Corp. Accenture PLC Adobe Inc. Intuit Inc. Mastercard Inc. Microsoft Corp. Oracle Corp. PayPal Holdings Inc. Salesforce Inc. ServiceNow Inc. Visa Inc.
Dec 31, 2021 2.74 0.00 0.28 0.21 1.90 0.50 16.08 0.42 0.07 0.43 0.56
Dec 31, 2020 2.99 0.00 0.31 0.66 1.98 0.62 5.93 0.45 0.09 0.58 0.66
Dec 31, 2019 3.02 0.00 0.39 0.12 1.45 0.77 2.58 0.29 0.22 0.33 0.48
Dec 31, 2018 2.73 0.00 0.44 0.19 1.17 0.97 1.33 0.13 0.21 0.60 0.49
Dec 31, 2017 2.66 0.00 0.22 0.36 0.99 1.23 1.08 0.06 0.32 2.01 0.56
Dec 31, 2016 2.31 0.00 0.26 0.86 0.92 0.76 0.93 0.00 0.36 1.31 0.48
Dec 31, 2015 2.80 0.00 0.27 0.21 0.55 0.44 0.86 0.00 0.49 0.84 0.00
Dec 31, 2014 3.44 0.00 0.22 0.16 0.22 0.25 0.52 — 0.79 1.04 0.00
Dec 31, 2013 1.74 0.01 0.23 0.14 0.00 0.20 0.41 — 0.25 1.05 0.00
Dec 31, 2012 1.76 0.00 0.23 0.18 0.00 0.18 0.38 — 0.35 0.00 0.00
Dec 31, 2011 1.56 0.00 0.26 0.38 0.00 0.21 0.40 — 0.38 — 0.00
Dec 31, 2010 1.24 0.00 0.29 0.35 0.00 0.13 0.48 — 0.45 — 0.00
Dec 31, 2009 1.15 0.00 0.20 0.39 0.01 0.15 0.41 — 0.01 — 0.00
Dec 31, 2008 2.52 0.00 0.08 0.48 0.09 0.00 0.49 — 0.00 — 0.01
Dec 31, 2007 1.24 0.01 0.00 0.49 0.08 0.00 0.45 — 0.00 — —
Dec 31, 2006 0.80 0.03 0.00 0.00 0.10 0.00 0.39 — 0.00 — —
Dec 31, 2005 0.68 0.04 0.00 0.00 — 0.00 0.26 — 0.01 — —

Based on: 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 (Software & Services)

International Business Machines Corp., debt to equity, long-term trends, comparison to sector (software & services)

Microsoft Excel
International Business Machines Corp. Software & Services
Dec 31, 2021 2.74 0.81
Dec 31, 2020 2.99 0.92
Dec 31, 2019 3.02 0.95
Dec 31, 2018 2.73 0.94
Dec 31, 2017 2.66 1.00
Dec 31, 2016 2.31 0.79
Dec 31, 2015 2.80 0.59
Dec 31, 2014 3.44 0.47
Dec 31, 2013 1.74 0.39
Dec 31, 2012 1.76 0.36
Dec 31, 2011 1.56 0.38
Dec 31, 2010 1.24 0.37
Dec 31, 2009 1.15 0.35
Dec 31, 2008 2.52 0.44
Dec 31, 2007 1.24 0.50
Dec 31, 2006 0.80 0.30
Dec 31, 2005 0.68 0.26

Based on: 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 (Information Technology)

International Business Machines Corp., debt to equity, long-term trends, comparison to industry (information technology)

Microsoft Excel
International Business Machines Corp. Information Technology
Dec 31, 2021 2.74 0.76
Dec 31, 2020 2.99 0.87
Dec 31, 2019 3.02 0.84
Dec 31, 2018 2.73 0.79
Dec 31, 2017 2.66 0.78
Dec 31, 2016 2.31 0.64
Dec 31, 2015 2.80 0.52
Dec 31, 2014 3.44 0.36
Dec 31, 2013 1.74 0.27
Dec 31, 2012 1.76 0.23
Dec 31, 2011 1.56 0.25
Dec 31, 2010 1.24 0.23
Dec 31, 2009 1.15 0.23
Dec 31, 2008 2.52 0.26
Dec 31, 2007 1.24 0.27
Dec 31, 2006 0.80 0.20
Dec 31, 2005 0.68 0.15

Based on: 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).