How much debt does Block have?
According to Block's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Block's total debt stands at $6.07B. This is broken down into:
- Long-term debt: $5.26B
- Short-term debt: $806.76M
The company's net debt, which accounts for cash and cash equivalents, is $-2.10B. In terms of overall financial obligations, Block's total liabilities amount to $15.38B.
Debt Ratios and Metrics
To better understand Block's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.37 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 21.53% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 0.00 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 23.14% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 27.13% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Block's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$6.07B
Long-term Debt
$5.26B
Short-term Debt
$806.76M
Net Debt
$-2.10B
Total Liabilities
$15.38B
Interest Coverage
0.00
Debt to Equity Ratio
0.37
Debt Ratio
21.53%
Block Historical Debt Metrics
Block Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2023.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $6.07B | $5.26B | $806.76M | $-2.10B | $15.38B | 0.37 | 21.53% | 0.00 | 23.14% | 27.13% |
| 2022 | $4.94B | $4.47B | $527.21M | $400.24M | $14.11B | 0.32 | 18.38% | 0.00 | 21.02% | 24.51% |
| 2021 | $5.52B | $4.95B | $128.05M | $1.07B | $11.71B | 0.37 | 20.19% | -15.95 | 22.45% | 26.88% |
| 2020 | $3.49B | $3.37B | $105.49M | $335.37M | $7.19B | 1.69 | 39.61% | 7.90 | 58.21% | 62.76% |
| 2019 | $1.07B | $1.16B | $27.27M | $27.82M | $2.84B | 1.30 | 35.40% | 4.79 | 49.10% | 56.57% |
| 2018 | $1.05B | $1.05B | $- | $465.52M | $2.16B | 0.63 | 23.62% | 1.23 | 35.38% | 38.53% |
| 2017 | $358.57M | $358.57M | $- | $-337.90M | $1.40B | 0.94 | 31.96% | -2.04 | 44.54% | 48.34% |
| 2016 | $- | $- | $- | $-452.03M | $577.46M | 0.46 | 16.39% | -6.41 | 31.32% | 31.32% |
| 2015 | $- | $- | $- | $-461.33M | $334.20M | 0.00 | 0.00% | 0.00 | 0.00% | 0.00% |
| 2014 | $30.00M | $30.00M | $- | $-195.30M | $268.22M | 0.00 | 0.00% | 0.00 | 0.00% | 0.00% |
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