What is Dell Technologies's debt-to-equity?

Dell Technologies (DELL) reported debt-to-equity of 5.6× in Q3 2021.

What does debt-to-equity mean?

How much debt the company carries for every dollar of shareholder equity.

How do you interpret debt-to-equity?

Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.

How does debt-to-equity compare across companies?

Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.

Dell Technologies DELL Debt-to-equity

Discontinued — last reported Q3 '22

Debt-to-equity at other companies

International Business MachinesIBM

2.3×-0.4×

NetAppNTAP

2×-1.3×

AmazonAMZN

0.5×0.0×

Super Micro Computer, Inc.SMCI

0.8×+0.8×

Hewlett Packard EnterpriseHPE

0.9×+0.2×

CelesticaCLS

0.5×-0.3×

Other financials

Income statement

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Revenue$43.8B+87.5%

Gross profit$7.8B+57.6%

Operating income$3.7B+214%

Net income$3.4B+256%

EPS (diluted)$5.24+282%

Balance sheet

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Cash & equivalents$11.6B+50.4%

Total debt$31.9B+7.9%

Total equity-$1.4B+53.6%

Total assets$114.91B+32.3%

Cash flow

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Operating cash flow$4.1B+46.0%

CapEx$963.0M+69.5%

Free cash flow$3.1B+40.0%

Valuation

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Market cap$271.76B+106%

Enterprise value$292.09B+78.0%

P/E32.3×+3.4×

P/S2×+0.7×

Profitability

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Gross margin19.1%-3.0pp

Operating margin7.9%+1.3pp

Net margin6.3%+1.6pp

Returns & leverage

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Return on equity138%—

Current ratio0.9×+0.1×

Where this comes from

Calculated from Dell Technologies’s reported figures.

total debt/total stockholders equity=5.6×

Based on the most recent quarter.

The official record: Dell Technologies’s 10-Q, filed December 3, 2021, on SEC EDGAR. View the filing →

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Questions, answered.

What is Dell Technologies's debt-to-equity?: Dell Technologies (DELL) reported debt-to-equity of 5.6× in Q3 2021.
What does debt-to-equity mean?: How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?: Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?: Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.