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MicroStrategy MSTR Debt-to-assets

Debt-to-assets at other companies

International Business Machines logo
International Business MachinesIBM
0.5×0.0×
Salesforce logo
SalesforceCRM
0.4×+0.3×
Oracle logo
OracleORCL
0.1×-0.5×
Blackrock logo
BlackrockBLK
0.1×0.0×
Coinbase Global, Inc. logo
Coinbase Global, Inc.COIN
0.2×0.0×
Snowflake logo
SnowflakeSNOW
0.1×0.0×

Other financials

Income statement

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Revenue$124.3M+11.9%
Gross profit$83.4M+8.1%
Operating income-$14.5B-144%
Net income-$12.5B-197%
EPS (diluted)-$38.25-132%

Balance sheet

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Cash & equivalents$2.2B+3,561%
Total debt$8.3B+0.8%
Total equity$36.7B+13.8%
Total assets$54.3B+23.6%

Cash flow

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Operating cash flow$14.0M+686%
CapEx$952.0K-65.2%
Free cash flow$13.0M+354%

Valuation

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Market cap$41.39B-60.7%
Enterprise value$47.44B-40.9%
P/S86.5×+54.6×

Profitability

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Gross margin72%-3.6pp
Operating margin518.9%
Net margin1,663.1%+1,587pp

Returns & leverage

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Return on equity28.2%+20.4pp
Debt / equity0.2×0.0×
Current ratio6.1×+5.4×

Where this comes from

Calculated from MicroStrategy’s reported figures.

Based on the most recent quarter.

The official record: MicroStrategy’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MicroStrategy's debt-to-assets?
MicroStrategy (MSTR) reported debt-to-assets of 0.2× in Q1 2026.
How has MicroStrategy's debt-to-assets changed year-over-year?
MicroStrategy's debt-to-assets decreased by 18.4% year-over-year, from 0.2× to 0.2×.
What is the long-term trend for MicroStrategy's debt-to-assets?
Over 4 years (2021 to 2025), MicroStrategy's debt-to-assets has grown at a -5.8% compound annual growth rate (CAGR), from 1.4× to 1.1×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.