Stock Analysis on Net

Alphabet Inc. (NASDAQ:GOOG)

Analysis of Solvency Ratios
Quarterly Data

Microsoft Excel

Solvency Ratios (Summary)

Alphabet Inc., solvency ratios (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Debt Ratios
Debt to equity 0.04 0.04 0.05 0.05 0.05 0.05 0.05 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.07 0.02 0.02 0.02 0.02 0.02 0.02
Debt to equity (including operating lease liability) 0.08 0.08 0.09 0.09 0.10 0.10 0.10 0.11 0.11 0.10 0.10 0.10 0.11 0.11 0.11 0.11 0.12 0.07 0.08 0.07 0.07 0.07 0.07
Debt to capital 0.04 0.04 0.04 0.04 0.05 0.05 0.05 0.05 0.05 0.05 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.02 0.02 0.02 0.02 0.02 0.02
Debt to capital (including operating lease liability) 0.07 0.08 0.08 0.08 0.09 0.09 0.09 0.10 0.10 0.09 0.09 0.09 0.10 0.10 0.10 0.10 0.10 0.07 0.07 0.07 0.07 0.06 0.06
Debt to assets 0.03 0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.05 0.01 0.02 0.02 0.02 0.02 0.02
Debt to assets (including operating lease liability) 0.06 0.06 0.06 0.06 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.08 0.08 0.08 0.08 0.05 0.06 0.05 0.05 0.05 0.05
Financial leverage 1.37 1.38 1.39 1.42 1.45 1.43 1.42 1.43 1.41 1.39 1.41 1.43 1.42 1.41 1.42 1.44 1.41 1.34 1.34 1.37 1.35 1.34 1.34

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Alphabet Inc. debt to equity ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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. debt to equity ratio (including operating lease liability) improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Alphabet Inc. debt to capital ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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. debt to capital ratio (including operating lease liability) improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Alphabet Inc. debt to assets ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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. debt to assets ratio (including operating lease liability) improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Alphabet Inc. financial leverage ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Debt to Equity

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

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Long-term debt, excluding current portion 12,297 13,238 13,228 13,253 13,781 13,705 13,697 14,701 14,653 14,734 14,791 14,817 14,288 14,328 13,887 13,932 13,902 4,018 5,016 4,554 4,082 4,074 4,066
Total debt 12,297 13,238 13,228 13,253 13,781 13,705 13,697 14,701 14,653 14,734 14,791 14,817 14,288 14,328 13,887 13,932 13,902 4,018 5,016 4,554 4,082 4,074 4,066
 
Stockholders’ equity 314,119 300,753 292,844 283,379 273,202 267,141 260,894 256,144 253,626 255,419 254,004 251,635 244,567 237,565 230,013 222,544 212,920 207,322 203,659 201,442 194,969 192,192 183,472
Solvency Ratio
Debt to equity1 0.04 0.04 0.05 0.05 0.05 0.05 0.05 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.07 0.02 0.02 0.02 0.02 0.02 0.02
Benchmarks
Debt to Equity, Competitors2
Comcast Corp. 1.18 1.18 1.17 1.17 1.18 1.16 1.16 1.17 1.15 1.02 1.00 0.99 1.01 1.04 1.12 1.15 1.21 1.25 1.27 1.24 1.29 1.40 1.46
Meta Platforms Inc. 0.18 0.12 0.12 0.12 0.13 0.14 0.08 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 0.00 0.00
Netflix Inc. 0.70 0.63 0.66 0.71 0.65 0.63 0.66 0.69 0.68 0.75 0.83 0.97 1.01 1.13 1.21 1.47 1.55 1.69 1.74 1.95 1.81 2.06 1.81
Walt Disney Co. 0.47 0.47 0.47 0.47 0.48 0.50 0.50 0.51 0.56 0.57 0.60 0.61 0.64 0.66 0.69 0.70 0.75 0.61 0.54 0.53 0.64 0.63 0.41

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 12,297 ÷ 314,119 = 0.04

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. debt to equity ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Debt to Equity (including Operating Lease Liability)

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

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Long-term debt, excluding current portion 12,297 13,238 13,228 13,253 13,781 13,705 13,697 14,701 14,653 14,734 14,791 14,817 14,288 14,328 13,887 13,932 13,902 4,018 5,016 4,554 4,082 4,074 4,066
Total debt 12,297 13,238 13,228 13,253 13,781 13,705 13,697 14,701 14,653 14,734 14,791 14,817 14,288 14,328 13,887 13,932 13,902 4,018 5,016 4,554 4,082 4,074 4,066
Long-term operating lease liabilities 11,654 11,708 11,957 12,460 12,550 12,746 12,799 12,501 11,984 11,697 11,363 11,389 11,471 11,619 11,382 11,146 10,984 10,709 10,476 10,214 9,666 9,088 8,206
Total debt (including operating lease liability) 23,951 24,946 25,185 25,713 26,331 26,451 26,496 27,202 26,637 26,431 26,154 26,206 25,759 25,947 25,269 25,078 24,886 14,727 15,492 14,768 13,748 13,162 12,272
 
Stockholders’ equity 314,119 300,753 292,844 283,379 273,202 267,141 260,894 256,144 253,626 255,419 254,004 251,635 244,567 237,565 230,013 222,544 212,920 207,322 203,659 201,442 194,969 192,192 183,472
Solvency Ratio
Debt to equity (including operating lease liability)1 0.08 0.08 0.09 0.09 0.10 0.10 0.10 0.11 0.11 0.10 0.10 0.10 0.11 0.11 0.11 0.11 0.12 0.07 0.08 0.07 0.07 0.07 0.07
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Meta Platforms Inc. 0.30 0.24 0.25 0.24 0.25 0.27 0.22 0.21 0.21 0.13 0.11 0.11 0.09 0.09 0.09 0.08 0.09 0.10 0.10 0.10 0.10 0.09 0.08

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 23,951 ÷ 314,119 = 0.08

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. debt to equity ratio (including operating lease liability) improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Debt to Capital

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

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Long-term debt, excluding current portion 12,297 13,238 13,228 13,253 13,781 13,705 13,697 14,701 14,653 14,734 14,791 14,817 14,288 14,328 13,887 13,932 13,902 4,018 5,016 4,554 4,082 4,074 4,066
Total debt 12,297 13,238 13,228 13,253 13,781 13,705 13,697 14,701 14,653 14,734 14,791 14,817 14,288 14,328 13,887 13,932 13,902 4,018 5,016 4,554 4,082 4,074 4,066
Stockholders’ equity 314,119 300,753 292,844 283,379 273,202 267,141 260,894 256,144 253,626 255,419 254,004 251,635 244,567 237,565 230,013 222,544 212,920 207,322 203,659 201,442 194,969 192,192 183,472
Total capital 326,416 313,991 306,072 296,632 286,983 280,846 274,591 270,845 268,279 270,153 268,795 266,452 258,855 251,893 243,900 236,476 226,822 211,340 208,675 205,996 199,051 196,266 187,538
Solvency Ratio
Debt to capital1 0.04 0.04 0.04 0.04 0.05 0.05 0.05 0.05 0.05 0.05 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.02 0.02 0.02 0.02 0.02 0.02
Benchmarks
Debt to Capital, Competitors2
Comcast Corp. 0.54 0.54 0.54 0.54 0.54 0.54 0.54 0.54 0.54 0.51 0.50 0.50 0.50 0.51 0.53 0.53 0.55 0.56 0.56 0.55 0.56 0.58 0.59
Meta Platforms Inc. 0.15 0.10 0.11 0.11 0.11 0.12 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 0.00 0.00
Netflix Inc. 0.41 0.39 0.40 0.41 0.39 0.39 0.40 0.41 0.40 0.43 0.45 0.49 0.50 0.53 0.55 0.60 0.61 0.63 0.64 0.66 0.64 0.67 0.64
Walt Disney Co. 0.32 0.32 0.32 0.32 0.33 0.33 0.33 0.34 0.36 0.36 0.38 0.38 0.39 0.40 0.41 0.41 0.43 0.38 0.35 0.35 0.39 0.39 0.29

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 12,297 ÷ 326,416 = 0.04

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. debt to capital ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Debt to Capital (including Operating Lease Liability)

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

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Long-term debt, excluding current portion 12,297 13,238 13,228 13,253 13,781 13,705 13,697 14,701 14,653 14,734 14,791 14,817 14,288 14,328 13,887 13,932 13,902 4,018 5,016 4,554 4,082 4,074 4,066
Total debt 12,297 13,238 13,228 13,253 13,781 13,705 13,697 14,701 14,653 14,734 14,791 14,817 14,288 14,328 13,887 13,932 13,902 4,018 5,016 4,554 4,082 4,074 4,066
Long-term operating lease liabilities 11,654 11,708 11,957 12,460 12,550 12,746 12,799 12,501 11,984 11,697 11,363 11,389 11,471 11,619 11,382 11,146 10,984 10,709 10,476 10,214 9,666 9,088 8,206
Total debt (including operating lease liability) 23,951 24,946 25,185 25,713 26,331 26,451 26,496 27,202 26,637 26,431 26,154 26,206 25,759 25,947 25,269 25,078 24,886 14,727 15,492 14,768 13,748 13,162 12,272
Stockholders’ equity 314,119 300,753 292,844 283,379 273,202 267,141 260,894 256,144 253,626 255,419 254,004 251,635 244,567 237,565 230,013 222,544 212,920 207,322 203,659 201,442 194,969 192,192 183,472
Total capital (including operating lease liability) 338,070 325,699 318,029 309,092 299,533 293,592 287,390 283,346 280,263 281,850 280,158 277,841 270,326 263,512 255,282 247,622 237,806 222,049 219,151 216,210 208,717 205,354 195,744
Solvency Ratio
Debt to capital (including operating lease liability)1 0.07 0.08 0.08 0.08 0.09 0.09 0.09 0.10 0.10 0.09 0.09 0.09 0.10 0.10 0.10 0.10 0.10 0.07 0.07 0.07 0.07 0.06 0.06
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Meta Platforms Inc. 0.23 0.20 0.20 0.20 0.20 0.21 0.18 0.17 0.17 0.11 0.10 0.10 0.09 0.08 0.08 0.08 0.08 0.09 0.09 0.09 0.09 0.08 0.08

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 23,951 ÷ 338,070 = 0.07

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. debt to capital ratio (including operating lease liability) improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Debt to Assets

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

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Long-term debt, excluding current portion 12,297 13,238 13,228 13,253 13,781 13,705 13,697 14,701 14,653 14,734 14,791 14,817 14,288 14,328 13,887 13,932 13,902 4,018 5,016 4,554 4,082 4,074 4,066
Total debt 12,297 13,238 13,228 13,253 13,781 13,705 13,697 14,701 14,653 14,734 14,791 14,817 14,288 14,328 13,887 13,932 13,902 4,018 5,016 4,554 4,082 4,074 4,066
 
Total assets 430,266 414,770 407,350 402,392 396,711 383,044 369,491 365,264 358,255 355,185 357,096 359,268 347,403 335,387 327,095 319,616 299,243 278,492 273,403 275,909 263,044 257,101 245,349
Solvency Ratio
Debt to assets1 0.03 0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.05 0.01 0.02 0.02 0.02 0.02 0.02
Benchmarks
Debt to Assets, Competitors2
Comcast Corp. 0.38 0.37 0.37 0.37 0.37 0.37 0.37 0.37 0.36 0.35 0.35 0.34 0.35 0.36 0.37 0.38 0.39 0.39 0.39 0.39 0.39 0.42 0.43
Meta Platforms Inc. 0.11 0.08 0.08 0.08 0.08 0.09 0.05 0.05 0.06 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
Netflix Inc. 0.31 0.28 0.29 0.30 0.29 0.28 0.29 0.30 0.29 0.31 0.32 0.35 0.36 0.38 0.39 0.42 0.42 0.42 0.42 0.43 0.40 0.42 0.38
Walt Disney Co. 0.24 0.24 0.24 0.23 0.23 0.24 0.24 0.24 0.25 0.26 0.27 0.27 0.28 0.28 0.29 0.29 0.31 0.27 0.24 0.24 0.28 0.27 0.21

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 12,297 ÷ 430,266 = 0.03

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. debt to assets ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Debt to Assets (including Operating Lease Liability)

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

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Long-term debt, excluding current portion 12,297 13,238 13,228 13,253 13,781 13,705 13,697 14,701 14,653 14,734 14,791 14,817 14,288 14,328 13,887 13,932 13,902 4,018 5,016 4,554 4,082 4,074 4,066
Total debt 12,297 13,238 13,228 13,253 13,781 13,705 13,697 14,701 14,653 14,734 14,791 14,817 14,288 14,328 13,887 13,932 13,902 4,018 5,016 4,554 4,082 4,074 4,066
Long-term operating lease liabilities 11,654 11,708 11,957 12,460 12,550 12,746 12,799 12,501 11,984 11,697 11,363 11,389 11,471 11,619 11,382 11,146 10,984 10,709 10,476 10,214 9,666 9,088 8,206
Total debt (including operating lease liability) 23,951 24,946 25,185 25,713 26,331 26,451 26,496 27,202 26,637 26,431 26,154 26,206 25,759 25,947 25,269 25,078 24,886 14,727 15,492 14,768 13,748 13,162 12,272
 
Total assets 430,266 414,770 407,350 402,392 396,711 383,044 369,491 365,264 358,255 355,185 357,096 359,268 347,403 335,387 327,095 319,616 299,243 278,492 273,403 275,909 263,044 257,101 245,349
Solvency Ratio
Debt to assets (including operating lease liability)1 0.06 0.06 0.06 0.06 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.08 0.08 0.08 0.08 0.05 0.06 0.05 0.05 0.05 0.05
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Meta Platforms Inc. 0.19 0.17 0.17 0.16 0.17 0.18 0.15 0.14 0.14 0.09 0.09 0.08 0.07 0.07 0.07 0.07 0.07 0.08 0.07 0.08 0.07 0.07 0.07

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 23,951 ÷ 430,266 = 0.06

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. debt to assets ratio (including operating lease liability) improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Financial Leverage

Alphabet Inc., financial leverage calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Total assets 430,266 414,770 407,350 402,392 396,711 383,044 369,491 365,264 358,255 355,185 357,096 359,268 347,403 335,387 327,095 319,616 299,243 278,492 273,403 275,909 263,044 257,101 245,349
Stockholders’ equity 314,119 300,753 292,844 283,379 273,202 267,141 260,894 256,144 253,626 255,419 254,004 251,635 244,567 237,565 230,013 222,544 212,920 207,322 203,659 201,442 194,969 192,192 183,472
Solvency Ratio
Financial leverage1 1.37 1.38 1.39 1.42 1.45 1.43 1.42 1.43 1.41 1.39 1.41 1.43 1.42 1.41 1.42 1.44 1.41 1.34 1.34 1.37 1.35 1.34 1.34
Benchmarks
Financial Leverage, Competitors2
Comcast Corp. 3.15 3.15 3.19 3.20 3.16 3.12 3.15 3.18 3.17 2.92 2.89 2.87 2.89 2.92 3.01 3.03 3.12 3.18 3.22 3.18 3.28 3.34 3.42
Meta Platforms Inc. 1.56 1.47 1.49 1.50 1.51 1.54 1.48 1.48 1.44 1.35 1.33 1.33 1.27 1.23 1.22 1.24 1.24 1.26 1.31 1.32 1.32 1.32 1.27
Netflix Inc. 2.30 2.22 2.29 2.37 2.24 2.23 2.27 2.34 2.32 2.43 2.58 2.81 2.79 2.96 3.11 3.55 3.74 3.98 4.17 4.48 4.51 4.94 4.77
Walt Disney Co. 1.97 1.97 1.96 2.07 2.09 2.09 2.10 2.14 2.21 2.23 2.26 2.30 2.33 2.34 2.40 2.41 2.42 2.28 2.24 2.18 2.32 2.38 1.99

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 430,266 ÷ 314,119 = 1.37

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. financial leverage ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.