Debt to Equity
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Calculation
Walt Disney Co., debt to equity, long-term trends, calculation
| Debt to equity | = | Total borrowings1 | ÷ | Total Disney Shareholder’s equity1 | |
|---|---|---|---|---|---|
| Sep 28, 2024 | = | ÷ | |||
| Sep 30, 2023 | = | ÷ | |||
| Oct 1, 2022 | = | ÷ | |||
| Oct 2, 2021 | = | ÷ | |||
| Oct 3, 2020 | = | ÷ | |||
| Sep 28, 2019 | = | ÷ | |||
| Sep 29, 2018 | = | ÷ | |||
| Sep 30, 2017 | = | ÷ | |||
| Oct 1, 2016 | = | ÷ | |||
| Oct 3, 2015 | = | ÷ | |||
| Sep 27, 2014 | = | ÷ | |||
| Sep 28, 2013 | = | ÷ | |||
| Sep 29, 2012 | = | ÷ | |||
| Oct 1, 2011 | = | ÷ | |||
| Oct 2, 2010 | = | ÷ | |||
| Oct 3, 2009 | = | ÷ | |||
| Sep 27, 2008 | = | ÷ | |||
| Sep 29, 2007 | = | ÷ | |||
| Sep 30, 2006 | = | ÷ | |||
| Oct 1, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01), 10-K (reporting date: 2015-10-03), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-10-01), 10-K (reporting date: 2010-10-02), 10-K (reporting date: 2009-10-03), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-10-01).
1 US$ in millions
- Total Borrowings
- The total borrowings exhibit a general upward trend over the examined period. Starting at approximately $12,467 million in 2005, the borrowings increased steadily with some fluctuations, reaching a peak of around $58,628 million in 2021. Following this peak, there is a declining trend observed through 2024, ending near $45,815 million. Notably, the largest spike occurs between 2019 and 2021, indicating a significant rise in debt during those years.
- Total Disney Shareholder’s Equity
- Shareholder’s equity shows a progressive increase from 2005 to 2024, beginning near $26,210 million and growing to over $100,696 million. The increase is relatively steady, with some periods of accelerated growth, particularly between 2017 and 2020 where the equity surged from about $41,315 million to nearly $88,877 million. After a slight dip in 2021 to 2022, shareholder equity continues its upward trajectory, suggesting strengthening financial solidity and retained earnings over time.
- Debt to Equity Ratio
- The debt to equity ratio fluctuates throughout the period but generally remains below 0.7. It starts at 0.48 in 2005, decreases to a low point around 0.31 to 0.33 during 2012-2014, indicating a stronger equity base relative to debt. The ratio rises sharply around 2020, peaking at 0.7, aligning with the spike in borrowings during that period. From 2021 onwards, the ratio declines again, reaching approximately 0.45 by 2024, which reflects a relatively balanced approach to financing with moderate leverage.
- Overall Financial Structure Insights
- The observed data indicates that the company increased its leverage significantly around 2019-2021, likely taking on debt to fund operations, investments, or other strategic ventures. Despite the rise in debt, shareholder equity also grew substantially, which might suggest retained earnings or capital inflows supporting the equity position. The reduction in the debt to equity ratio after 2021 is consistent with deleveraging efforts or growth in equity outpacing debt increases. Overall, the company appears to maintain a moderately leveraged financial structure with a strong equity base throughout the years.
Comparison to Competitors
Walt Disney Co., debt to equity, long-term trends, comparison to competitors
| Walt Disney Co. | Alphabet Inc. | Charter Communications Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | |
|---|---|---|---|---|---|---|
| Sep 28, 2024 | ||||||
| Sep 30, 2023 | ||||||
| Oct 1, 2022 | ||||||
| Oct 2, 2021 | ||||||
| Oct 3, 2020 | ||||||
| Sep 28, 2019 | ||||||
| Sep 29, 2018 | ||||||
| Sep 30, 2017 | ||||||
| Oct 1, 2016 | ||||||
| Oct 3, 2015 | ||||||
| Sep 27, 2014 | ||||||
| Sep 28, 2013 | ||||||
| Sep 29, 2012 | ||||||
| Oct 1, 2011 | ||||||
| Oct 2, 2010 | ||||||
| Oct 3, 2009 | ||||||
| Sep 27, 2008 | ||||||
| Sep 29, 2007 | ||||||
| Sep 30, 2006 | ||||||
| Oct 1, 2005 |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01), 10-K (reporting date: 2015-10-03), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-10-01), 10-K (reporting date: 2010-10-02), 10-K (reporting date: 2009-10-03), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-10-01).
Comparison to Sector (Media & Entertainment)
Walt Disney Co., debt to equity, long-term trends, comparison to sector (media & entertainment)
| Walt Disney Co. | Media & Entertainment | |
|---|---|---|
| Sep 28, 2024 | ||
| Sep 30, 2023 | ||
| Oct 1, 2022 | ||
| Oct 2, 2021 | ||
| Oct 3, 2020 | ||
| Sep 28, 2019 | ||
| Sep 29, 2018 | ||
| Sep 30, 2017 | ||
| Oct 1, 2016 | ||
| Oct 3, 2015 | ||
| Sep 27, 2014 | ||
| Sep 28, 2013 | ||
| Sep 29, 2012 | ||
| Oct 1, 2011 | ||
| Oct 2, 2010 | ||
| Oct 3, 2009 | ||
| Sep 27, 2008 | ||
| Sep 29, 2007 | ||
| Sep 30, 2006 | ||
| Oct 1, 2005 |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01), 10-K (reporting date: 2015-10-03), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-10-01), 10-K (reporting date: 2010-10-02), 10-K (reporting date: 2009-10-03), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-10-01).
Comparison to Industry (Communication Services)
Walt Disney Co., debt to equity, long-term trends, comparison to industry (communication services)
| Walt Disney Co. | Communication Services | |
|---|---|---|
| Sep 28, 2024 | ||
| Sep 30, 2023 | ||
| Oct 1, 2022 | ||
| Oct 2, 2021 | ||
| Oct 3, 2020 | ||
| Sep 28, 2019 | ||
| Sep 29, 2018 | ||
| Sep 30, 2017 | ||
| Oct 1, 2016 | ||
| Oct 3, 2015 | ||
| Sep 27, 2014 | ||
| Sep 28, 2013 | ||
| Sep 29, 2012 | ||
| Oct 1, 2011 | ||
| Oct 2, 2010 | ||
| Oct 3, 2009 | ||
| Sep 27, 2008 | ||
| Sep 29, 2007 | ||
| Sep 30, 2006 | ||
| Oct 1, 2005 |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01), 10-K (reporting date: 2015-10-03), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-10-01), 10-K (reporting date: 2010-10-02), 10-K (reporting date: 2009-10-03), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-10-01).