IBM Debt to Equity Ratio 2012-2025 | IBM

Current and historical debt to equity ratio values for IBM (IBM) over the last 10 years. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. IBM debt/equity for the three months ending September 30, 2025 was 1.97.
IBM Debt/Equity Ratio Historical Data
Date Long Term Debt Shareholder's Equity Debt to Equity Ratio
2025-09-30 $118.32B $27.99B 4.23
2025-06-30 $121.00B $27.59B 4.39
2025-03-31 $118.71B $26.95B 4.40
2024-12-31 $109.78B $27.39B 4.01
2024-09-30 $109.81B $24.53B 4.48
2024-06-30 $109.75B $24.10B 4.55
2024-03-31 $113.84B $23.33B 4.88
2023-12-31 $112.63B $22.61B 4.98
2023-09-30 $106.17B $23.16B 4.59
2023-06-30 $109.94B $22.27B 4.94
2023-03-31 $111.96B $21.67B 5.17
2022-12-31 $105.22B $22.02B 4.78
2022-09-30 $105.70B $20.15B 5.25
2022-06-30 $108.03B $19.48B 5.55
2022-03-31 $114.16B $19.11B 5.97
2021-12-31 $113.01B $19.00B 5.95
2021-09-30 $121.86B $22.36B 5.45
2021-06-30 $124.75B $22.07B 5.65
2021-03-31 $127.12B $21.51B 5.91
2020-12-31 $135.24B $20.73B 6.53
2020-09-30 $132.79B $21.33B 6.23
2020-06-30 $133.51B $20.69B 6.45
2020-03-31 $133.28B $20.13B 6.62
2019-12-31 $131.20B $20.99B 6.25
2019-09-30 $131.52B $18.10B 7.27
2019-06-30 $136.88B $17.78B 7.70
2019-03-31 $114.32B $16.61B 6.88
2018-12-31 $106.45B $16.93B 6.29
2018-09-30 $102.07B $19.92B 5.13
2018-06-30 $102.97B $18.65B 5.52
2018-03-31 $107.00B $18.29B 5.85
2017-12-31 $107.63B $17.73B 6.07
2017-09-30 $101.88B $19.76B 5.16
2017-06-30 $101.95B $18.54B 5.50
2017-03-31 $99.05B $18.45B 5.37
2016-12-31 $99.08B $18.39B 5.39
2016-09-30 $98.45B $17.16B 5.74
2016-06-30 $102.17B $15.89B 6.43
2016-03-31 $103.78B $15.07B 6.89
2015-12-31 $96.07B $14.42B 6.66
2015-09-30 $95.20B $13.45B 7.08
2015-06-30 $98.89B $13.84B 7.15
2015-03-31 $99.75B $12.29B 8.12
2014-12-31 $105.26B $12.01B 8.76
2014-09-30 $104.52B $14.40B 7.26
2014-06-30 $106.80B $17.51B 6.10
2014-03-31 $105.91B $16.74B 6.33
2013-12-31 $103.29B $22.93B 4.51
2013-09-30 $97.84B $20.01B 4.89
2013-06-30 $97.27B $17.88B 5.44
2013-03-31 $98.04B $19.21B 5.10
2012-12-31 $100.23B $18.98B 5.28
2012-09-30 $94.11B $21.67B 4.34
2012-06-30 $93.27B $20.56B 4.54
2012-03-31 $94.56B $20.78B 4.55
2011-12-31 $96.20B $20.24B 4.75
2011-09-30 $87.78B $22.38B 3.92
2011-06-30 $90.26B $23.21B 3.89
2011-03-31 $90.19B $22.78B 3.96
2010-12-31 $90.28B $23.17B 3.90
2010-09-30 $84.82B $22.36B 3.79
2010-06-30 $82.24B $21.18B 3.88
2010-03-31 $83.06B $22.15B 3.75
2009-12-31 $86.27B $22.76B 3.79
2009-09-30 $85.18B $18.49B 4.61
2009-06-30 $88.18B $15.47B 5.70
2009-03-31 $88.25B $13.69B 6.45
2008-12-31 $95.94B $13.58B 7.06
2008-09-30 $88.39B $27.52B 3.21
2008-06-30 $92.66B $28.26B 3.28
2008-03-31 $93.10B $28.73B 3.24
2007-12-31 $91.96B $28.47B 3.23
2007-09-30 $88.06B $20.55B 4.29
2007-06-30 $85.79B $16.76B 5.12
2007-03-31 $73.81B $27.81B 2.65
2006-12-31 $74.73B $28.51B 2.62
2006-09-30 $69.91B $34.25B 2.04
2006-06-30 $69.83B $33.55B 2.08
2006-03-31 $69.74B $32.73B 2.13
2005-12-31 $72.65B $33.10B 2.20
2005-09-30 $70.77B $30.24B 2.34
2005-06-30 $73.26B $30.13B 2.43
2005-03-31 $74.98B $29.92B 2.51
2004-12-31 $79.32B $31.69B 2.50
2004-09-30 $70.97B $29.70B 2.39
2004-06-30 $70.75B $28.83B 2.45
2004-03-31 $73.64B $28.19B 2.61
2003-12-31 $76.59B $27.86B 2.75
2003-09-30 $69.86B $27.33B 2.56
2003-06-30 $70.37B $26.57B 2.65
2003-03-31 $71.15B $24.57B 2.90
2002-12-31 $73.70B $22.78B 3.24
2002-09-30 $61.86B $22.09B 2.80
2002-06-30 $62.82B $21.40B 2.94
2002-03-31 $60.01B $23.05B 2.60
2001-12-31 $66.86B $23.45B 2.85
2001-09-30 $63.12B $21.98B 2.87
2001-06-30 $61.35B $22.59B 2.72
2001-03-31 $63.32B $21.47B 2.95
2000-12-31 $67.73B $20.62B 3.28
2000-09-30 $64.33B $19.55B 3.29
2000-06-30 $63.78B $19.17B 3.33
2000-03-31 $63.25B $19.52B 3.24
1999-12-31 $66.98B $20.51B 3.27
1999-09-30 $65.31B $20.07B 3.25
1999-06-30 $64.19B $19.16B 3.35
1999-03-31 $63.45B $18.31B 3.47
1998-12-31 $66.67B $19.43B 3.43
1998-09-30 $61.08B $18.64B 3.28
1998-06-30 $58.54B $18.58B 3.15
1998-03-31 $59.08B $18.87B 3.13
1997-12-31 $61.68B $19.82B 3.11
1997-09-30 $58.54B $19.76B 2.96
1997-06-30 $58.71B $20.11B 2.92
1997-03-31 $56.58B $19.95B 2.84
1996-12-31 $59.50B $21.63B 2.75
1996-09-30 $56.63B $21.37B 2.65
1996-06-30 $55.95B $21.53B 2.60
1996-03-31 $55.95B $21.82B 2.56
1995-12-31 $57.87B $22.42B 2.58
1995-09-30 $55.84B $21.66B 2.58
1995-06-30 $56.76B $24.85B 2.28
1995-03-31 $56.79B $24.09B 2.36
1994-12-31 $57.68B $23.41B 2.46
1994-09-30 $56.61B $22.46B 2.52
1994-06-30 $57.03B $21.57B 2.64
1994-03-31 $59.30B $20.57B 2.88
1993-12-31 $61.38B $19.74B 3.11
1993-09-30 $64.11B $20.10B 3.19
1993-06-30 $66.33B $19.81B 3.35
1993-03-31 $58.49B $27.22B 2.15
1992-12-31 $59.08B $27.62B 2.14
1992-09-30 $55.58B $35.43B 1.57
1992-06-30 $52.50B $36.55B 1.44
1992-03-31 $52.59B $35.57B 1.48
1991-12-31 $55.79B $36.68B 1.52
1991-09-30 $49.13B $38.19B 1.29
1991-06-30 $43.61B $37.97B 1.15
1991-03-31 $44.73B $39.20B 1.14
1990-12-31 $44.74B $42.83B 1.04
1990-09-30 $41.28B $40.53B 1.02
1990-06-30 $39.41B $39.55B 1.00
1990-03-31 $38.61B $38.62B 1.00
1989-12-31 $39.23B $38.51B 1.02
1989-09-30 $34.13B $38.47B 0.89
1989-06-30 $31.94B $37.90B 0.84
1989-03-31 $31.77B $38.56B 0.82
1988-12-31 $33.53B $39.51B 0.85
1988-09-30 $24.78B $37.51B 0.66
1988-06-30 $24.01B $37.21B 0.65
1988-03-31 $23.95B $37.61B 0.64
1987-12-31 $31.77B $38.26B 0.83
1987-09-30 $22.96B $35.97B 0.64
1987-06-30 $22.37B $35.38B 0.63
1987-03-31 $23.24B $35.00B 0.66
1986-12-31 $23.44B $34.37B 0.68
1985-12-31 $20.64B $31.99B 0.65
Sector Industry Market Cap Revenue
Computer and Technology Computers - Integrated Systems $285.720B $62.753B
IBM is an information technology (IT) company. IBM has been divided into two parts: IBM and Kyndryl. IBM is addressing the hybrid cloud and AI opportunity with a platform-centric approach focused on providing two primary sources of client value: technology and business expertise. IBM provides integrated solutions and products that leverage data, information technology, deep expertise in industries and business processes, trust and security, and a broad ecosystem of partners and alliances. Its hybrid cloud platform and AI technology and services capabilities support clients? digital transformations and help the company engage with its customers and employees in new ways. The company operates in five segments: software, consulting, infrastructure, financing, and others. IBM purchased all of Red Hat, Inc.'s outstanding stock. Red Hat is reported within the Software segment, in Hybrid Platform & Solutions.
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