The debt-to-equity (D/E) ratio for MicroStrategy (MSTR) can be calculated using the formula: Debt-to-Equity Ratio = Total Debt Total Stockholders’ Equity Debt-to-Equity Ratio= Total Stockholders’ Equity Total Debt From the data for 2024: Total Debt: $18.226 billion Total Stockholders' Equity: $9.784 billion D/E Ratio = 18.226 9.784 ≈ 1.86 D/E Ratio= 9.784 18.226 ≈1.86 This indicates that MicroStrategy's debt is approximately 1.86 times its equity as of the end of 2024 That is high. Very high.