Block (SQ) Debt-to-Equity

: 0.33 (As of Dec. 2023)

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Block's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $807 Mil. Block's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,265 Mil. Block's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $18,695 Mil. Block's debt to equity for the quarter that ended in Dec. 2023 was 0.32.

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 Block's Debt-to-Equity or its related term are showing as below:

SQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.54 Max: 1.69
Current: 0.33

During the past 12 years, the highest Debt-to-Equity Ratio of Block was 1.69. The lowest was 0.11. And the median was 0.54.

SQ's Debt-to-Equity is ranked worse than
60.15% of 2221 companies
in the Software industry
Industry Median: 0.21 vs SQ: 0.33

Block Debt-to-Equity Historical Data

The historical data trend for Block'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.

* Premium members only.

Block Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.63

1.30

1.69

0.37

0.33

Block 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																0.37	0.32	0.30	0.30	0.33

Competitive Comparison

For the Software - Infrastructure subindustry, Block'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.

Block Debt-to-Equity Distribution

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

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

Block Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Block'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
	=	(806.756	+	5264.761)	/	18695.256
	=	0.32

Block'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
	=	(806.756	+	5264.761)	/	18695.256
	=	0.32

Block (NYSE:SQ) 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.

Block Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Block's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Block (SQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Block Inc (NYSE:SQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BSQKZ:USA SQ:Mexico 1SQ:Italy 0L95:UK SQ3:Germany F8O:Germany F8O:Germany SQ3:Germany SQ3:Germany SQ3:Germany S2QU34:Brazil SQ2:Australia SQU:Austria

Address

1455 Market Street, Suite 600, San Francisco, CA, USA, 94103

Website

https://www.block.xyz

Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2022, Square's payment volume was a little over $200 million.

Executives

Brian Grassadonia	officer: Cash App Lead	1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Amrita Ahuja	officer: Chief Financial Officer	1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Chrysty Esperanza	officer: Interim Counsel Lead	1955 BROADWAY, SUITE 600, OAKLAND CA 94612
Ajmere Dale	officer: Chief Accounting Officer	1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Roelof Botha	director	C/O SEQUOIA CAPITAL, 2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025
Alyssa Henry	officer: Seller Lead	1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Lawrence Henry Summers	director	JOHN F. KENNEDY SCHOOL OF GOVERNMENT, MAILBOX 8, 79 JFK STREET, CAMBRIDGE MA 02138
Neha Narula	director	1955 BROADWAY, SUITE 600, OAKLAND CA 94612
Sivan Whiteley	officer: Gen. Counsel & Corp. Secretary	1455 MARKET STREET, SUITE 600, SAN FRANCISCO CA 94103
Sharon Rothstein	director	C/O YELP INC., 350 MISSION STREET, 10TH FLOOR, SAN FRANCISCO CA 94105
Mckelvey James Morgan Jr.	director, 10 percent owner	2645 SOUTH BAYSHORE #802, MIAMI FL 33133
Carter Shawn Corey	director	C/O S. CARTER ENTERPRISES, LLC, 1411 BROADWAY, NEW YORK NY 10018
Jack Dorsey	director, 10 percent owner, officer: President, CEO & Chairman	C/O TWITTER INC, 1355 MARKET STREET SUITE 900, SAN FRANCISCO CA 94103
Mary G Meeker	director	2750 SAND HILL ROAD, MENLO PARK CA 94025
David A Viniar	director	C/O GOLDMAN SACHS GROUP INC, 200 WEST STREET, NEW YORK NY 10282