70/100B248.315
USD
3.79
(1.55%)
Post Trading·248.870USD+0.555(+0.22%)
Last updated: · Delayed 15 min
Fair valueNot reliable
Q4 FY2026 · Earnings report
EPS estimate 4.63Revenue estimate 20.39B
Q4 FY2026 · Earnings report
EPS estimate 4.63Revenue estimate 20.39B
International Business Machines debt to equity ratioWhat is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
International Business Machines's debt to equity ratio is 1.89: total debt of 67.14B USD against shareholders' equity of 35.54B USD.
- Today
- 1.89
- Average, 5 years
- 2.48
- Low, 5 years
- 1.89
- High, 5 years
- 3.02
Debt to equity = total debt ÷ shareholders' equity = 67.14B ÷ 35.54B = 1.89
Debt to equity
Total debt
Shareholders' equity
Total debt over shareholders' equity at each quarter end.
Debt to equity by year and by quarter
| Fiscal year | Period ending | Debt to equity | Total debt | Shareholders' equity |
|---|---|---|---|---|
| Today | 1.89 | 67.14B | 35.54B | |
| FY2025 | 31 Dec 2025 | 2.06 | 67.15B | 32.65B |
| FY2024 | 31 Dec 2024 | 2.14 | 58.40B | 27.31B |
| FY2023 | 31 Dec 2023 | 2.66 | 59.94B | 22.53B |
| FY2022 | 31 Dec 2022 | 2.46 | 54.01B | 21.94B |
| FY2021 | 31 Dec 2021 | 2.92 | 55.14B | 18.90B |
| FY2020 | 31 Dec 2020 | 3.16 | 65.09B | 20.60B |
| FY2019 | 31 Dec 2019 | 3.27 | 68.16B | 20.84B |
| FY2018 | 31 Dec 2018 | 2.73 | 45.81B | 16.80B |
| FY2017 | 31 Dec 2017 | 2.66 | 46.82B | 17.59B |
| FY2016 | 31 Dec 2016 | 2.31 | 42.17B | 18.25B |
| FY2015 | 31 Dec 2015 | 2.80 | 39.89B | 14.26B |
| FY2014 | 31 Dec 2014 | 3.43 | 40.72B | 11.87B |
| FY2013 | 31 Dec 2013 | 1.74 | 39.72B | 22.79B |
| FY2012 | 31 Dec 2012 | 1.76 | 33.27B | 18.86B |
| FY2011 | 31 Dec 2011 | 1.56 | 31.32B | 20.14B |
| FY2010 | 31 Dec 2010 | 1.24 | 28.62B | 23.05B |
| FY2009 | 31 Dec 2009 | 1.15 | 26.10B | 22.64B |
| FY2008 | 31 Dec 2008 | 2.52 | 33.93B | 13.47B |
| FY2007 | 31 Dec 2007 | 1.24 | 35.27B | 28.47B |
| FY2006 | 31 Dec 2006 | 0.80 | 22.68B | 28.51B |
| FY2005 | 31 Dec 2005 | 0.68 | 22.64B | 33.10B |
| FY2004 | 31 Dec 2004 | 0.77 | 22.93B | 29.75B |
| FY2003 | 31 Dec 2003 | 0.85 | 23.63B | 27.86B |
| FY2002 | 31 Dec 2002 | 1.14 | 26.02B | 22.78B |
| FY2001 | 31 Dec 2001 | 1.15 | 27.15B | 23.61B |
| FY2000 | 31 Dec 2000 | 1.39 | 28.58B | 20.62B |
| FY1999 | 31 Dec 1999 | 1.38 | 28.35B | 20.51B |
| FY1998 | 31 Dec 1998 | 1.51 | 29.41B | 19.43B |
| FY1997 | 31 Dec 1997 | 1.36 | 26.93B | 19.82B |
| FY1996 | 31 Dec 1996 | 1.06 | 22.83B | 21.63B |
| FY1995 | 31 Dec 1995 | 0.96 | 21.63B | 22.42B |
| FY1994 | 31 Dec 1994 | 0.94 | 22.12B | 23.41B |
| FY1993 | 31 Dec 1993 | 1.47 | 28.93B | 19.74B |
| FY1992 | 31 Dec 1992 | 1.06 | 29.32B | 27.62B |
| FY1991 | 31 Dec 1991 | 0.73 | 26.95B | 37.01B |
| FY1990 | 31 Dec 1990 | 0.46 | 19.55B | 42.83B |
| FY1989 | 31 Dec 1989 | 0.43 | 16.72B | 38.51B |
| FY1988 | 31 Dec 1988 | 0.34 | 13.38B | 39.51B |
| FY1987 | 31 Dec 1987 | 0.10 | 3.86B | 38.26B |
| FY1986 | 31 Dec 1986 | 0.12 | 4.17B | 34.37B |
| FY1985 | 31 Dec 1985 | 0.12 | 3.96B | 31.99B |
| Quarter | Period ending | Debt to equity | Total debt | Shareholders' equity |
|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 1.89 | 67.14B | 35.54B |
| Q2 FY2026 | 30 Jun 2026 | 1.89 | 65.27B | 34.45B |
| Q1 FY2026 | 31 Mar 2026 | 2.12 | 69.80B | 32.97B |
| Q4 FY2025 | 31 Dec 2025 | 2.06 | 67.15B | 32.65B |
| Q3 FY2025 | 30 Sept 2025 | 2.39 | 66.57B | 27.91B |
| Q2 FY2025 | 30 Jun 2025 | 2.46 | 67.72B | 27.51B |
| Q1 FY2025 | 31 Mar 2025 | 2.49 | 66.84B | 26.88B |
| Q4 FY2024 | 31 Dec 2024 | 2.14 | 58.40B | 27.31B |
| Q3 FY2024 | 30 Sept 2024 | 2.46 | 60.13B | 24.45B |
| Q2 FY2024 | 30 Jun 2024 | 2.49 | 59.84B | 24.03B |
| Q1 FY2024 | 31 Mar 2024 | 2.70 | 62.87B | 23.26B |
| Q4 FY2023 | 31 Dec 2023 | 2.66 | 59.94B | 22.53B |
| Q3 FY2023 | 30 Sept 2023 | 2.54 | 58.53B | 23.08B |
| Q2 FY2023 | 30 Jun 2023 | 2.72 | 60.30B | 22.20B |
| Q1 FY2023 | 31 Mar 2023 | 2.85 | 61.68B | 21.60B |
| Q4 FY2022 | 31 Dec 2022 | 2.46 | 54.01B | 21.94B |
| Q3 FY2022 | 30 Sept 2022 | 2.68 | 53.83B | 20.08B |
| Q2 FY2022 | 30 Jun 2022 | 2.75 | 53.38B | 19.41B |
| Q1 FY2022 | 31 Mar 2022 | 3.02 | 57.55B | 19.05B |
| Q4 FY2021 | 31 Dec 2021 | 2.92 | 55.14B | 18.90B |
| Q3 FY2021 | 30 Sept 2021 | 2.65 | 58.98B | 22.23B |
| Q2 FY2021 | 30 Jun 2021 | 2.72 | 59.79B | 21.94B |
| Q1 FY2021 | 31 Mar 2021 | 2.86 | 61.12B | 21.39B |
| Q4 FY2020 | 31 Dec 2020 | 3.16 | 65.09B | 20.60B |
| Q3 FY2020 | 30 Sept 2020 | 3.32 | 70.39B | 21.21B |
| Q2 FY2020 | 30 Jun 2020 | 3.39 | 69.77B | 20.55B |
| Q1 FY2020 | 31 Mar 2020 | 3.47 | 69.45B | 20.00B |
| Q4 FY2019 | 31 Dec 2019 | 3.27 | 68.16B | 20.84B |
| Q3 FY2019 | 30 Sept 2019 | 3.98 | 71.49B | 17.96B |
| Q2 FY2019 | 30 Jun 2019 | 4.44 | 78.30B | 17.65B |
| Q1 FY2019 | 31 Mar 2019 | 3.33 | 54.88B | 16.48B |
| Q4 FY2018 | 31 Dec 2018 | 2.73 | 45.81B | 16.80B |
| Q3 FY2018 | 30 Sept 2018 | 2.37 | 46.92B | 19.78B |
| Q2 FY2018 | 30 Jun 2018 | 2.46 | 45.50B | 18.52B |
| Q1 FY2018 | 31 Mar 2018 | 2.55 | 46.39B | 18.17B |
| Q4 FY2017 | 31 Dec 2017 | 2.66 | 46.82B | 17.59B |
| Q3 FY2017 | 30 Sept 2017 | 2.32 | 45.63B | 19.63B |
| Q2 FY2017 | 30 Jun 2017 | 2.48 | 45.67B | 18.42B |
| Q1 FY2017 | 31 Mar 2017 | 2.33 | 42.78B | 18.33B |
| Q4 FY2016 | 31 Dec 2016 | 2.31 | 42.17B | 18.25B |
| Q3 FY2016 | 30 Sept 2016 | 2.50 | 42.48B | 17.01B |
| Q2 FY2016 | 30 Jun 2016 | 2.83 | 44.53B | 15.73B |
| Q1 FY2016 | 31 Mar 2016 | 3.05 | 45.56B | 14.93B |
| Q4 FY2015 | 31 Dec 2015 | 2.80 | 39.89B | 14.26B |
| Q3 FY2015 | 30 Sept 2015 | 2.98 | 39.66B | 13.29B |
| Q2 FY2015 | 30 Jun 2015 | 2.83 | 38.67B | 13.68B |
| Q1 FY2015 | 31 Mar 2015 | 3.20 | 38.83B | 12.14B |
| Q4 FY2014 | 31 Dec 2014 | 3.44 | 40.80B | 11.87B |
| Q3 FY2014 | 30 Sept 2014 | 3.21 | 45.70B | 14.26B |
| Q2 FY2014 | 30 Jun 2014 | 2.67 | 46.47B | 17.38B |
| Q1 FY2014 | 31 Mar 2014 | 2.65 | 43.98B | 16.61B |
| Q4 FY2013 | 31 Dec 2013 | 1.74 | 39.72B | 22.79B |
| Q3 FY2013 | 30 Sept 2013 | 1.82 | 36.18B | 19.88B |
| Q2 FY2013 | 30 Jun 2013 | 1.92 | 34.12B | 17.76B |
| Q1 FY2013 | 31 Mar 2013 | 1.75 | 33.40B | 19.09B |
| Q4 FY2012 | 31 Dec 2012 | 1.76 | 33.27B | 18.86B |
| Q3 FY2012 | 30 Sept 2012 | 1.56 | 33.67B | 21.54B |
| Q2 FY2012 | 30 Jun 2012 | 1.58 | 32.44B | 20.47B |
| Q1 FY2012 | 31 Mar 2012 | 1.55 | 32.05B | 20.70B |
| Q4 FY2011 | 31 Dec 2011 | 1.56 | 31.32B | 20.14B |
| Q3 FY2011 | 30 Sept 2011 | 1.35 | 30.16B | 22.29B |
| Q2 FY2011 | 30 Jun 2011 | 1.29 | 29.77B | 23.13B |
| Q1 FY2011 | 31 Mar 2011 | 1.33 | 30.26B | 22.67B |
| Q4 FY2010 | 31 Dec 2010 | 1.24 | 28.62B | 23.05B |
| Q3 FY2010 | 30 Sept 2010 | 1.23 | 27.46B | 22.24B |
| Q2 FY2010 | 30 Jun 2010 | 1.27 | 26.65B | 21.06B |
| Q1 FY2010 | 31 Mar 2010 | 1.19 | 26.32B | 22.03B |
| Q4 FY2009 | 31 Dec 2009 | 1.15 | 26.10B | 22.64B |
| Q3 FY2009 | 30 Sept 2009 | 1.38 | 25.47B | 18.40B |
| Q2 FY2009 | 30 Jun 2009 | 1.91 | 29.37B | 15.38B |
| Q1 FY2009 | 31 Mar 2009 | 2.28 | 30.98B | 13.60B |
| Q4 FY2008 | 31 Dec 2008 | 2.52 | 33.93B | 13.47B |
| Q3 FY2008 | 30 Sept 2008 | 1.25 | 34.41B | 27.52B |
| Q2 FY2008 | 30 Jun 2008 | 1.21 | 34.23B | 28.26B |
| Q1 FY2008 | 31 Mar 2008 | 1.22 | 35.19B | 28.73B |
| Q4 FY2007 | 31 Dec 2007 | 1.24 | 35.27B | 28.47B |
| Q3 FY2007 | 30 Sept 2007 | 1.72 | 35.32B | 20.55B |
| Q2 FY2007 | 30 Jun 2007 | 2.07 | 34.72B | 16.76B |
| Q1 FY2007 | 31 Mar 2007 | 0.86 | 23.95B | 27.81B |
| Q4 FY2006 | 31 Dec 2006 | 0.80 | 22.68B | 28.51B |
| Q3 FY2006 | 30 Sept 2006 | 0.64 | 21.99B | 34.25B |
| Q2 FY2006 | 30 Jun 2006 | 0.65 | 21.78B | 33.55B |
| Q1 FY2006 | 31 Mar 2006 | 0.69 | 22.49B | 32.73B |
| Q4 FY2005 | 31 Dec 2005 | 0.68 | 22.64B | 33.10B |
| Q3 FY2005 | 30 Sept 2005 | 0.71 | 21.42B | 30.24B |
| Q2 FY2005 | 30 Jun 2005 | 0.79 | 23.72B | 30.13B |
| Q1 FY2005 | 31 Mar 2005 | 0.78 | 23.41B | 29.92B |
| Q4 FY2004 | 31 Dec 2004 | 0.77 | 22.93B | 29.75B |
| Q3 FY2004 | 30 Sept 2004 | 0.74 | 21.95B | 29.70B |
| Q2 FY2004 | 30 Jun 2004 | 0.76 | 21.93B | 28.83B |
| Q1 FY2004 | 31 Mar 2004 | 0.84 | 23.67B | 28.19B |
| Q4 FY2003 | 31 Dec 2003 | 0.85 | 23.63B | 27.86B |
| Q3 FY2003 | 30 Sept 2003 | 0.84 | 23.02B | 27.33B |
| Q2 FY2003 | 30 Jun 2003 | 0.90 | 23.85B | 26.57B |
| Q1 FY2003 | 31 Mar 2003 | 1.05 | 25.80B | 24.57B |
| Q4 FY2002 | 31 Dec 2002 | 1.14 | 26.02B | 22.78B |
| Q3 FY2002 | 30 Sept 2002 | 1.17 | 25.74B | 22.09B |
| Q2 FY2002 | 30 Jun 2002 | 1.21 | 25.84B | 21.40B |
| Q1 FY2002 | 31 Mar 2002 | 1.08 | 24.91B | 23.05B |
| Q4 FY2001 | 31 Dec 2001 | 1.15 | 27.15B | 23.61B |
| Q3 FY2001 | 30 Sept 2001 | 1.30 | 28.56B | 21.98B |
| Q2 FY2001 | 30 Jun 2001 | 1.21 | 27.31B | 22.59B |
| Q1 FY2001 | 31 Mar 2001 | 1.34 | 28.83B | 21.47B |
| Q4 FY2000 | 31 Dec 2000 | 1.39 | 28.58B | 20.62B |
| Q3 FY2000 | 30 Sept 2000 | 1.50 | 29.37B | 19.55B |
| Q2 FY2000 | 30 Jun 2000 | 1.52 | 29.17B | 19.17B |
| Q1 FY2000 | 31 Mar 2000 | 1.44 | 28.14B | 19.52B |
| Q4 FY1999 | 31 Dec 1999 | 1.38 | 28.35B | 20.51B |
| Q3 FY1999 | 30 Sept 1999 | 1.39 | 27.90B | 20.07B |
| Q2 FY1999 | 30 Jun 1999 | 1.52 | 29.04B | 19.16B |
| Q1 FY1999 | 31 Mar 1999 | 1.64 | 29.99B | 18.31B |
| Q4 FY1998 | 31 Dec 1998 | 1.51 | 29.41B | 19.43B |
| Q3 FY1998 | 30 Sept 1998 | 1.53 | 28.48B | 18.64B |
| Q2 FY1998 | 30 Jun 1998 | 1.50 | 27.86B | 18.58B |
| Q1 FY1998 | 31 Mar 1998 | 1.47 | 27.70B | 18.87B |
| Q4 FY1997 | 31 Dec 1997 | 1.36 | 26.93B | 19.82B |
| Q3 FY1997 | 30 Sept 1997 | 1.32 | 26.14B | 19.76B |
| Q2 FY1997 | 30 Jun 1997 | 1.28 | 25.70B | 20.11B |
| Q1 FY1997 | 31 Mar 1997 | 1.19 | 23.65B | 19.95B |
| Q4 FY1996 | 31 Dec 1996 | 1.06 | 22.83B | 21.63B |
| Q3 FY1996 | 30 Sept 1996 | 1.08 | 23.13B | 21.37B |
| Q2 FY1996 | 30 Jun 1996 | 1.07 | 23.06B | 21.53B |
| Q1 FY1996 | 31 Mar 1996 | 1.01 | 21.95B | 21.82B |
| Q4 FY1995 | 31 Dec 1995 | 0.96 | 21.63B | 22.42B |
| Q3 FY1995 | 30 Sept 1995 | 0.99 | 21.51B | 21.66B |
| Q2 FY1995 | 30 Jun 1995 | 0.93 | 23.03B | 24.85B |
| Q1 FY1995 | 31 Mar 1995 | 0.94 | 22.63B | 24.09B |
| Q4 FY1994 | 31 Dec 1994 | 0.94 | 22.12B | 23.41B |
| Q3 FY1994 | 30 Sept 1994 | 1.08 | 24.32B | 22.46B |
| Q2 FY1994 | 30 Jun 1994 | 1.17 | 25.25B | 21.57B |
| Q1 FY1994 | 31 Mar 1994 | 1.31 | 26.88B | 20.57B |
| Q4 FY1993 | 31 Dec 1993 | 1.47 | 28.93B | 19.74B |
| Q3 FY1993 | 30 Sept 1993 | 1.57 | 31.54B | 20.10B |
| Q2 FY1993 | 30 Jun 1993 | 1.60 | 31.72B | 19.81B |
| Q1 FY1993 | 31 Mar 1993 | 1.09 | 29.80B | 27.22B |
| Q4 FY1992 | 31 Dec 1992 | 1.06 | 29.32B | 27.62B |
| Q3 FY1992 | 30 Sept 1992 | 0.85 | 30.06B | 35.43B |
| Q2 FY1992 | 30 Jun 1992 | 0.75 | 27.31B | 36.55B |
| Q1 FY1992 | 31 Mar 1992 | 0.76 | 26.87B | 35.57B |
| Q4 FY1991 | 31 Dec 1991 | 0.73 | 26.95B | 37.01B |
| Q3 FY1991 | 30 Sept 1991 | 0.69 | 26.32B | 38.19B |
| Q2 FY1991 | 30 Jun 1991 | 0.55 | 20.76B | 37.97B |
| Q1 FY1991 | 31 Mar 1991 | 0.53 | 20.92B | 39.20B |
| Q4 FY1990 | 31 Dec 1990 | 0.46 | 19.55B | 42.83B |
| Q3 FY1990 | 30 Sept 1990 | 0.49 | 19.74B | 40.53B |
| Q2 FY1990 | 30 Jun 1990 | 0.46 | 18.12B | 39.55B |
| Q1 FY1990 | 31 Mar 1990 | 0.47 | 18.04B | 38.62B |
| Q4 FY1989 | 31 Dec 1989 | 0.43 | 16.72B | 38.51B |
| Q3 FY1989 | 30 Sept 1989 | — | — | — |
| Q2 FY1989 | 30 Jun 1989 | — | — | — |
| Q1 FY1989 | 31 Mar 1989 | — | — | — |
| Q4 FY1988 | 31 Dec 1988 | 0.34 | 13.38B | 39.51B |
| Q3 FY1988 | 30 Sept 1988 | — | — | — |
| Q2 FY1988 | 30 Jun 1988 | — | — | — |
| Q1 FY1988 | 31 Mar 1988 | — | — | — |
| Q4 FY1987 | 31 Dec 1987 | 0.10 | 3.86B | 38.26B |
| Q3 FY1987 | 30 Sept 1987 | — | — | — |
| Q2 FY1987 | 30 Jun 1987 | — | — | — |
| Q1 FY1987 | 31 Mar 1987 | — | — | — |
| Q4 FY1986 | 31 Dec 1986 | 0.12 | 4.17B | 34.37B |
| Q3 FY1986 | 30 Sept 1986 | — | — | — |
| Q2 FY1986 | 30 Jun 1986 | — | — | — |
| Q1 FY1986 | 31 Mar 1986 | — | — | — |
| Q4 FY1985 | 31 Dec 1985 | 0.12 | 3.96B | 31.99B |
| Q3 FY1985 | 30 Sept 1985 | — | — | — |
Figures in USD. A quarter's revenue, net income and dividends are those of its last four quarters.
See also:P/E ratio,Market cap,P/S ratio,Dividend yield,ROE (return on equity),Current ratio,All ratios
Common questions about International Business Machines's debt to equity
Source: Financial Modeling Prep