Baidu — Debt Discipline
DEBT DISCIPLINE
TICKER: [US.BIDU - Baidu]
PERIOD: [2010-ANNUAL ~ 2025-ANNUAL]
[+] Leverage (D/E): 0.36
↳ < 0.5 = conservative, > 1.5 = aggressive
[~] Interest Coverage: 3.7x
↳ > 5x = safe, < 2x = risky
[-] Net Cash Company: No
↳ Net debt < 0 = Buffett favorite
Metric D/E D/EBITDA Coverage Net D/E
---------------------------------------------------
Mean 0.40 4.26 26.30 0.21
Median 0.43 3.80 8.46 0.24
Max 0.50 11.66 110.04 0.36
Min 0.16 0.00 2.13 -0.11
CoV 0.21 0.78 1.44 0.56
Slope -0.17%/yr 49.49%/yr -602.11%/yr 1.21%/yr
R² 1% 50% 57% 21%
[DATA]
Period Total Debt Equity D/E D/EBITDA Coverage Net D/E
-------------------------------------------------------------------
2010 ANNUAL - - - 0.0x 110.0x -
2011 ANNUAL 2.50B 15.29B 0.16 0.3x 91.8x -0.11
2012 ANNUAL 11.94B 26.06B 0.46 1.1x 102.5x 0.00
2013 ANNUAL 17.66B 38.42B 0.46 1.6x 25.0x 0.21
2014 ANNUAL 25.78B 51.07B 0.50 2.0x 20.4x 0.23
2015 ANNUAL 35.07B 80.26B 0.44 3.0x 11.2x 0.31
2016 ANNUAL 44.26B 92.27B 0.48 4.4x 8.7x 0.36
2017 ANNUAL 43.57B 115.35B 0.38 2.8x 9.7x 0.28
2018 ANNUAL 64.90B 162.90B 0.40 4.2x 8.2x 0.23
2019 ANNUAL 73.53B 163.60B 0.45 11.7x 2.1x 0.25
2020 ANNUAL 82.59B 182.70B 0.45 5.8x 4.6x 0.26
2021 ANNUAL 91.51B 211.46B 0.43 8.7x 3.1x 0.26
2022 ANNUAL 91.35B 223.48B 0.41 5.7x 5.5x 0.17
2023 ANNUAL 84.59B 243.63B 0.35 3.9x 6.7x 0.24
2024 ANNUAL 79.32B 263.62B 0.30 3.7x 7.5x 0.21
2025 ANNUAL 97.08B 266.33B 0.36 9.4x 3.7x 0.27audit debt-discipline
DEBT DISCIPLINE
TICKER: [US.BIDU - Baidu]
PERIOD: [2010-ANNUAL ~ 2025-ANNUAL]
[+] Leverage (D/E): 0.36
↳ < 0.5 = conservative, > 1.5 = aggressive[~] Interest Coverage: 3.7x
↳ > 5x = safe, < 2x = risky[-] Net Cash Company: No
↳ Net debt < 0 = Buffett favorite
Metric D/E D/EBITDA Coverage Net D/E---------------------------------------------------Mean 0.40 4.26 26.30 0.21Median 0.43 3.80 8.46 0.24Max 0.50 11.66 110.04 0.36Min 0.16 0.00 2.13 -0.11CoV 0.21 0.78 1.44 0.56Slope -0.17%/yr 49.49%/yr -602.11%/yr 1.21%/yrR² 1% 50% 57% 21%
[DATA]
Period Total Debt Equity D/E D/EBITDA Coverage Net D/E-------------------------------------------------------------------2010 ANNUAL - - - 0.0x 110.0x -2011 ANNUAL 2.50B 15.29B 0.16 0.3x 91.8x -0.112012 ANNUAL 11.94B 26.06B 0.46 1.1x 102.5x 0.002013 ANNUAL 17.66B 38.42B 0.46 1.6x 25.0x 0.212014 ANNUAL 25.78B 51.07B 0.50 2.0x 20.4x 0.232015 ANNUAL 35.07B 80.26B 0.44 3.0x 11.2x 0.312016 ANNUAL 44.26B 92.27B 0.48 4.4x 8.7x 0.362017 ANNUAL 43.57B 115.35B 0.38 2.8x 9.7x 0.282018 ANNUAL 64.90B 162.90B 0.40 4.2x 8.2x 0.232019 ANNUAL 73.53B 163.60B 0.45 11.7x 2.1x 0.252020 ANNUAL 82.59B 182.70B 0.45 5.8x 4.6x 0.262021 ANNUAL 91.51B 211.46B 0.43 8.7x 3.1x 0.262022 ANNUAL 91.35B 223.48B 0.41 5.7x 5.5x 0.172023 ANNUAL 84.59B 243.63B 0.35 3.9x 6.7x 0.242024 ANNUAL 79.32B 263.62B 0.30 3.7x 7.5x 0.212025 ANNUAL 97.08B 266.33B 0.36 9.4x 3.7x 0.27