Alphabet's net debt stood at USD -103,708 mil and accounted for -51.5% of equity at the end of 4Q2019. The ratio is up 7.70 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of -51.5% in 4Q2019 and a low of -74.0% in 2Q2010 between 1Q2010 and 4Q2019. The average for the last five years was -58.3%.
Net debt to EBITDA was calculated at -2.22x at the end of the quarter. That is down from -2.90x seen in 2014-12-31. The ratio reached a high of -2.22x in 4Q2019 and a low of -3.07x in 1Q2012.
The company’s cost of funding amounted to -15.9% in 4Q2019, up which is above the 5-year of -24.7%. Funding costs have “eaten” some 6.52% of the operating profit generated in 2019.
|Net Debt/EBITDA||Unit||Mar 2018||Jun 2018||Sep 2018||Dec 2018||Mar 2019||Jun 2019||Sep 2019||Dec 2019|