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Symantec Corp (NAS:SYMC)
Debt to Equity
1.86 (As of Sep. 2016)

Symantec Corp's current portion of long-term debt for the quarter that ended in Sep. 2016 was \$600 Mil. Symantec Corp's long-term debt for the quarter that ended in Sep. 2016 was \$6,576 Mil. Symantec Corp's total equity for the quarter that ended in Sep. 2016 was \$3,862 Mil. Symantec Corp's debt to equity for the quarter that ended in Sep. 2016 was 1.86.

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.

Definition

Debt to Equity measures the financial leverage a company has.

Symantec Corp's Debt to Equity Ratio for the fiscal year that ended in Mar. 2016 is calculated as

 Debt to Equity = Total Debt / Total Equity = (Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity = (0 + 2207) / 3676 = 0.60

Symantec Corp's Debt to Equity Ratio for the quarter that ended in Sep. 2016 is calculated as

 Debt to Equity = Total Debt / Total Equity = (Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity = (600 + 6576) / 3862 = 1.86

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

In the calculation of Debt to Equity, we use the total of Current Portion of Long-Term Debt and Long-Term Debt divided by Total Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

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

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Symantec Corp Annual Data

 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 deb2equity 0.18 0.21 0.43 0.41 0.57 0.40 0.56 0.36 0.35 0.60

Symantec Corp Quarterly Data

 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 deb2equity 0.36 0.36 0.35 0.35 0.35 0.30 0.32 0.60 0.85 1.86
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