Debt-to-Equity Ratio

The debt-to-equity ratio measures how much a company uses debt versus shareholder equity to finance its operations; Akamai’s current 1.20x means it has $1.20 in debt for every dollar of equity.

This is well above the sector median of 0.34x, placing it in the 91st percentile among technology peers, indicating higher financial leverage than most. Over the last eight quarters, the ratio has been decreasing, though the year-over-year and quarter-over-quarter changes are both flat at +0.0%, implying the decline occurred earlier and has since stabilized. The combination of a high but stable level with a downward trend suggests that while Akamai carries more debt than peers, the risk is not increasing and may be gradually improving. This metric supports the overall NEUTRAL verdict: the elevated leverage warrants caution, but the lack of deterioration keeps the risk in balance.

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