Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
Doing some research...
From 2021 through 2024 Alphabet’s balance sheet shows steady expansion and strengthening. Total assets rose from $359,268m in 2021 to $450,256m in 2024 — an overall increase of about 25.3% (small +1.7% in 2022, then +10.2% in 2023 and +11.9% in 2024). Liabilities increased more modestly from $107,633m to $125,172m (+16.3% overall; roughly +1.4%, +9.0% and +5.2% in the same year-to-year steps), while stockholders’ equity grew from $251,635m to $325,084m — an overall gain of ~29.2% (about +1.8%, +10.6% and +14.7% year-to-year). The equity-to-assets ratio edged up from ~70.1% to ~72.2%, and the liabilities-to-assets ratio declined from ~30.0% to ~27.8%, indicating that equity has been accumulating faster than debt. These trends point to a relatively low-leverage, well-capitalized position consistent with large technology peers: Alphabet appears to be building asset base (likely cash, marketable securities, capex and investments) while retaining earnings, improving solvency and preserving financial flexibility for investments, acquisitions or shareholder returns. There are no abrupt spikes or stresses in liabilities — growth is gradual — and the most notable moves are the stronger asset and equity expansion in 2023–2024. (Note: 2025 shows zeroes and appears to be missing data, so 2024 is the latest usable year for this comparison.)
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.