Dropbox (WBO:DBX) Debt-to-Equity : -12.25 (As of Dec. 2023)

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What is Dropbox Debt-to-Equity?

Dropbox's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €159 Mil. Dropbox's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1,703 Mil. Dropbox's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €-152 Mil. Dropbox's debt to equity for the quarter that ended in Dec. 2023 was -12.25.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Dropbox's Debt-to-Equity or its related term are showing as below:

WBO:DBX' s Debt-to-Equity Range Over the Past 10 Years
Min: -12.25 Med: 0.74 Max: 3.35
Current: -12.25

During the past 9 years, the highest Debt-to-Equity Ratio of Dropbox was 3.35. The lowest was -12.25. And the median was 0.74.

WBO:DBX's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs WBO:DBX: -12.25

Dropbox Debt-to-Equity Historical Data

The historical data trend for Dropbox's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Dropbox Debt-to-Equity Chart

Dropbox Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.25

3.35

-8.06

-7.42

-12.25

Dropbox Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-7.42	-6.24	-5.51	-6.45	-12.25

Competitive Comparison of Dropbox's Debt-to-Equity

For the Software - Infrastructure subindustry, Dropbox's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Dropbox's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Dropbox's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Dropbox's Debt-to-Equity falls into.

Dropbox Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dropbox's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(159.191	+	1702.869)	/	-152.039
	=	-12.25

Dropbox's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(159.191	+	1702.869)	/	-152.039
	=	-12.25

Dropbox (WBO:DBX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Dropbox Debt-to-Equity Related Terms

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Dropbox (WBO:DBX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Dropbox Inc (WBO:DBX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

1800 Owens Street, San Francisco, CA, USA, 94158

Website

https://www.dropbox.com

Dropbox is a leading provider of cloud-storage and content collaboration tools with an emphasis on individuals and SMB. The company was founded in 2007 and was a pioneer in cloud storage and cross-platform file syncing. Utilizing inorganic and organic means, the firm has been working on diversifying its product mix and pivoting away from the cloud-storage space.