Looking at the latest Q3 2023 financials it says under the LIABILITIES AND STOCKHOLDERS' DEFICIT section:
Current Liabilities (debt that has a maturity under 12 months): 22.8B
Non-Current Liabilities (debt maturity over 12 months): 110.6B
Total liabilities and stockholder deficit: 131.6B
So is it accurate to say the company is 131B in debt?
If you notice their assets are 131B also
True, but some of them are intangibles, i.e. "Goodwill"
Being in debt is very common in corporate America. It is estimated that 20% of all firms are "zombie" firms, which can't pay the bills without borrowing money, meaning they are unprofitable.
Oracle used to be a $65bn cash positive company. Years of stock buy backs has eroded that. I guess they were expecting the share price to go up significantly however it hasn’t, yet.
That's exactly correct.
I am LMAO at the "educated" posters on this thread.
I mean, you might not be a CPA, but some basic understanding would be expected.
Once upon a time, ORCL was debt-free. At least they have all these nifty acquisitions.
If so …whenever he hits the dust I’m sure his heirs will pull that for sure.
I'm betting it will be a Battle Royale with the Lawyers getting a Lion's share of it.
Its standard corporate accounting...thats not how you read those reports
Assets = liabilities + equity
If you notice their assets are 131B also
Isn’t 90B to LE?
If so …whenever he hits the dust
I’m sure his heirs will pull that for sure.
Forget my last comment it looks like you weren’t talking about the stockholders equity portion. Either way Oracle’s debt to asset ratio is below .66. Generally anything below 1.0 is considered safe.
Not really, that includes stockholder equity. Look up the basic equation in accounting: Assets = Liabilities + Stockholder Equity. That’s where the balance in balance sheet comes from.