Debt to Equity
since 2006
Calculation
Mastercard Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Long-term debt, including current portion1 | ÷ | Total Mastercard Incorporated stockholders’ equity1 | |
|---|---|---|---|---|---|
| Dec 31, 2022 | 2.23 | = | 14,023) | ÷ | 6,298) |
| Dec 31, 2021 | 1.90 | = | 13,901) | ÷ | 7,312) |
| Dec 31, 2020 | 1.98 | = | 12,672) | ÷ | 6,391) |
| Dec 31, 2019 | 1.45 | = | 8,527) | ÷ | 5,893) |
| Dec 31, 2018 | 1.17 | = | 6,334) | ÷ | 5,395) |
| Dec 31, 2017 | 0.99 | = | 5,424) | ÷ | 5,468) |
| Dec 31, 2016 | 0.92 | = | 5,180) | ÷ | 5,656) |
| Dec 31, 2015 | 0.55 | = | 3,287) | ÷ | 6,028) |
| Dec 31, 2014 | 0.22 | = | 1,494) | ÷ | 6,790) |
| Dec 31, 2013 | 0.00 | = | —) | ÷ | 7,484) |
| Dec 31, 2012 | 0.00 | = | —) | ÷ | 6,917) |
| Dec 31, 2011 | 0.00 | = | —) | ÷ | 5,868) |
| Dec 31, 2010 | 0.00 | = | —) | ÷ | 5,205) |
| Dec 31, 2009 | 0.01 | = | 22) | ÷ | 3,504) |
| Dec 31, 2008 | 0.09 | = | 169) | ÷ | 1,927) |
| Dec 31, 2007 | 0.08 | = | 230) | ÷ | 3,027) |
| Dec 31, 2006 | 0.10 | = | 230) | ÷ | 2,364) |
Based on: 10-K (reporting date: 2022-12-31), 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).
1 US$ in millions
Comparison to Competitors
Mastercard Inc., debt to equity, long-term trends, comparison to competitors
| Mastercard Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 2.23 | 0.00 | 0.29 | 0.27 | 0.72 | 2.32 | 0.42 | 0.39 | — | 0.00 | 17.51 | 0.19 | 0.30 | 0.00 |
| Dec 31, 2021 | 1.90 | 0.00 | 0.28 | 0.13 | 0.85 | 2.74 | 0.21 | 0.50 | 16.08 | 0.00 | 5.08 | 0.07 | 0.43 | 0.02 |
| Dec 31, 2020 | 1.98 | 0.00 | 0.31 | 0.14 | 0.00 | 2.99 | 0.66 | 0.62 | 5.93 | 0.13 | 2.80 | 0.09 | 0.58 | 0.03 |
| Dec 31, 2019 | 1.45 | 0.00 | 0.39 | 0.16 | — | 3.02 | 0.12 | 0.77 | 2.58 | — | 0.90 | 0.22 | 0.33 | 0.03 |
| Dec 31, 2018 | 1.17 | 0.00 | 0.44 | 0.35 | — | 2.73 | 0.19 | 0.97 | 1.33 | — | 1.99 | 0.21 | 0.60 | 0.13 |
| Dec 31, 2017 | 0.99 | 0.00 | 0.22 | 0.74 | — | 2.66 | 0.36 | 1.23 | 1.08 | — | 0.69 | 0.32 | 2.01 | 0.04 |
| Dec 31, 2016 | 0.92 | 0.00 | 0.26 | 0.93 | — | 2.31 | 0.86 | 0.76 | 0.93 | — | 0.64 | 0.36 | 1.31 | 0.06 |
| Dec 31, 2015 | 0.55 | 0.00 | 0.27 | 0.25 | — | 2.80 | 0.21 | 0.44 | 0.86 | — | 1.00 | 0.49 | 0.84 | 0.07 |
| Dec 31, 2014 | 0.22 | 0.00 | 0.22 | 0.52 | — | 3.44 | 0.16 | 0.25 | 0.52 | — | 1.00 | 0.79 | 1.04 | 0.02 |
| Dec 31, 2013 | 0.00 | 0.01 | 0.23 | 0.28 | — | 1.74 | 0.14 | 0.20 | 0.41 | — | 0.00 | 0.25 | 1.05 | 0.04 |
| Dec 31, 2012 | 0.00 | 0.00 | 0.23 | 0.49 | — | 1.76 | 0.18 | 0.18 | 0.38 | — | 0.00 | 0.35 | 0.00 | 0.05 |
| Dec 31, 2011 | 0.00 | 0.00 | 0.26 | 1.04 | — | 1.56 | 0.38 | 0.21 | 0.40 | — | — | 0.38 | — | 0.00 |
| Dec 31, 2010 | 0.00 | 0.00 | 0.29 | 1.99 | — | 1.24 | 0.35 | 0.13 | 0.48 | — | — | 0.45 | — | 0.00 |
| Dec 31, 2009 | 0.01 | 0.00 | 0.20 | 4.02 | — | 1.15 | 0.39 | 0.15 | 0.41 | — | — | 0.01 | — | 0.00 |
| Dec 31, 2008 | 0.09 | 0.00 | 0.08 | 4.91 | — | 2.52 | 0.48 | 0.00 | 0.49 | — | — | 0.00 | — | 0.00 |
| Dec 31, 2007 | 0.08 | 0.01 | 0.00 | 0.35 | — | 1.24 | 0.49 | 0.00 | 0.45 | — | — | 0.00 | — | 0.00 |
| Dec 31, 2006 | 0.10 | 0.03 | 0.00 | 0.45 | — | 0.80 | 0.00 | 0.00 | 0.39 | — | — | 0.00 | — | 0.00 |
Based on: 10-K (reporting date: 2022-12-31), 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).
Comparison to Sector (Software & Services)
Mastercard Inc., debt to equity, long-term trends, comparison to sector (software & services)
| Mastercard Inc. | Software & Services | |
|---|---|---|
| Dec 31, 2022 | 2.23 | 0.71 |
| Dec 31, 2021 | 1.90 | 0.83 |
| Dec 31, 2020 | 1.98 | 0.95 |
| Dec 31, 2019 | 1.45 | 1.05 |
| Dec 31, 2018 | 1.17 | 1.07 |
| Dec 31, 2017 | 0.99 | 1.14 |
| Dec 31, 2016 | 0.92 | 0.90 |
| Dec 31, 2015 | 0.55 | 0.73 |
| Dec 31, 2014 | 0.22 | 0.54 |
| Dec 31, 2013 | 0.00 | 0.46 |
| Dec 31, 2012 | 0.00 | 0.44 |
| Dec 31, 2011 | 0.00 | 0.47 |
| Dec 31, 2010 | 0.00 | 0.46 |
| Dec 31, 2009 | 0.01 | 0.44 |
| Dec 31, 2008 | 0.09 | 0.56 |
| Dec 31, 2007 | 0.08 | 0.50 |
| Dec 31, 2006 | 0.10 | 0.31 |
Based on: 10-K (reporting date: 2022-12-31), 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).
Comparison to Industry (Information Technology)
Mastercard Inc., debt to equity, long-term trends, comparison to industry (information technology)
| Mastercard Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2022 | 2.23 | 0.70 |
| Dec 31, 2021 | 1.90 | 0.83 |
| Dec 31, 2020 | 1.98 | 0.97 |
| Dec 31, 2019 | 1.45 | 0.98 |
| Dec 31, 2018 | 1.17 | 0.83 |
| Dec 31, 2017 | 0.99 | 0.81 |
| Dec 31, 2016 | 0.92 | 0.66 |
| Dec 31, 2015 | 0.55 | 0.56 |
| Dec 31, 2014 | 0.22 | 0.39 |
| Dec 31, 2013 | 0.00 | 0.29 |
| Dec 31, 2012 | 0.00 | 0.25 |
| Dec 31, 2011 | 0.00 | 0.27 |
| Dec 31, 2010 | 0.00 | 0.25 |
| Dec 31, 2009 | 0.01 | 0.25 |
| Dec 31, 2008 | 0.09 | 0.28 |
| Dec 31, 2007 | 0.08 | 0.26 |
| Dec 31, 2006 | 0.10 | 0.19 |
Based on: 10-K (reporting date: 2022-12-31), 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).