Broadcom's Debt Overview
Portfolio Pulse from Benzinga Insights
Broadcom Inc.'s shares rose by 37.84% over the past three months. The company's total debt stands at $39.31 billion, with long-term debt at $38.19 billion and current debt at $1.12 billion. After adjusting for $11.55 billion in cash-equivalents, the net debt is $27.76 billion. The debt ratio, a measure of financial leverage, is 0.55, indicating that a significant portion of the company's assets are funded by debt.
July 07, 2023 | 6:31 pm
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Broadcom's total debt is $39.31 billion, with a debt ratio of 0.55. This indicates a significant portion of the company's assets are funded by debt, which could increase the risk of defaulting on loans if interest rates rise.
Broadcom's high debt ratio indicates a significant portion of its assets are funded by debt. While this can help the company attain growth, it also increases the risk of defaulting on loans if interest rates rise. This could potentially impact the company's stock price in the short term.
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