Alphabet's net debt stood at USD -103,708 mil and accounted for -0.515% of equity at the end of 2019. The ratio is up 0.077 pp compared to the previous year.
Historically, the firm’s net debt to equity reached a high of -0.515% in 2019 and a low of -0.853% in 2005 between 2002 and 2019. The average for the last five years was -0.581%.
Net debt to EBITDA was calculated at -2.09x at the end of the year. That is down from -2.71x seen in 2014. The ratio reached a high of -0.662x in 2002 and a low of -3.35x in 2005.
The company’s cost of funding amounted to -23.3% in 2019, up which is above the 5-year of -27.8%. Funding costs have “eaten” some 6.48% of the operating profit generated in 2019.