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Motorola Solutions

NYSE: MSI · USD

Motorola Solutions debt and dilution53

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

—
Jul 4, 2009 through Jul 4, 2026

Unavailable for FY 2026 Q2.

Cash & equivalents

USD millions

$710M

Net debt

USD millions

—

Unavailable for FY 2026 Q2.

Debt / equity

×

—

Unavailable for FY 2026 Q2.

Debt / assets

%

—

Unavailable for FY 2026 Q2.

Net debt / EBITDA

× · TTM

—

Unavailable for FY 2026 Q2.

Debt / FCF

× · TTM

—

Unavailable for FY 2026 Q2.

Interest coverage

× · TTM

7.56×

Current ratio

×

1.1×

Diluted shares

Million shares

167.2M shares

Basic shares

Million shares

165.8M shares

Share count growth

%

-0.6%

Share repurchases

USD millions

$331M

Quarterly data

Motorola Solutions capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal periodEndedTotal debtUSD millionsCash & equivalentsUSD millionsNet debtUSD millionsDebt / equity×Debt / assets%Net debt / EBITDA×Debt / FCF×Interest coverage×Current ratio×Diluted sharesMillion sharesBasic sharesMillion sharesShare count growth%Share repurchasesUSD millions
FY 2026 Q2Jul 4, 2026—710—————7.56×1.1×167.2165.8-0.6%331
FY 2026 Q1Apr 4, 2026—886—————8.26×1.07×168165.8-0.66%118
FY 2025 Q4Dec 31, 20259,1621,1657,9973.78×47.25%2.34×3.56×9.89×1.04×168.43166.03-0.63%490
FY 2025 Q3Sep 27, 20259,3398948,4453.98×49.68%2.62×3.87×11.52×1.03×169166.6-0.3%121
FY 2025 Q2Jun 28, 20257,7313,2064,5253.9×47.11%1.44×3.24×12.72×1.73×168.8166.8-0.06%218
FY 2025 Q1Mar 29, 20255,9991,5644,4353.62×41.56%1.44×2.64×10.92×1.2×169.8166.90.36%325
FY 2024 Q4Dec 31, 20245,9972,1023,8953.49×41.09%1.29×2.81×11.84×1.28×171.38167.090.41%103
FY 2024 Q3Sep 28, 20245,9961,4044,5924.47×43.17%1.56×2.59×9.71×1.25×170.9167.10.24%31
FY 2024 Q2Jun 29, 20246,3081,3814,9277.72×47.27%1.71×2.79×9.37×1.2×170.3166.9-0.36%71
FY 2024 Q1Mar 30, 20246,3071,5124,79511.74×47.33%1.74×2.88×9.77×1.19×166.3166.3-0.66%39
FY 2023 Q4Dec 31, 20236,0181,7054,3138.14×45.13%1.63×3.36×9.21×1×171.8166.41-0.65%134
FY 2023 Q3Sep 30, 20236,0179105,10716×48.38%1.94×3.29×9.1×0.95×171.7166.7-0.3%306
FY 2023 Q2Jul 1, 20236,0157105,30517.14×49.09%2.23×4.02×7.96×1.23×172.6167.50.18%224
FY 2023 Q1Apr 1, 20236,0151,0224,99324.16×48.69%2.22×4.28×7.43×1.22×172.6167.4-0.36%140
FY 2022 Q4Dec 31, 20226,0141,3254,68945.91×46.93%2.23×3.84×6.92×1.15×171.9167.5-0.83%87
FY 2022 Q3Oct 1, 20226,0138225,191—51.72%2.64×6×6.49×1.25×171.5167.2-1.18%94
FY 2022 Q2Jul 2, 20226,0137175,296—51.52%2.6×6.02×6.94×1.16×170.9167.2-1.42%162
FY 2022 Q1Apr 2, 20225,6938784,815—48.87%2.35×4.14×7.41×1.1×173.1168-0.77%493
FY 2021 Q4Dec 31, 20215,6931,8743,819—46.71%1.81×3.57×7.75×1.33×174.21168.89-0.49%131
FY 2021 Q3Oct 2, 20215,6931,6534,040—49.84%1.92×3.56×7.68×1.38×174.1169.2-0.29%125
FY 2021 Q2Jul 3, 20215,6951,9213,774—51.16%1.88×3.5×7.16×1.46×173.1169.6-0.24%102
FY 2021 Q1Apr 3, 20215,1751,3203,855—49.65%2.09×3.56×6.08×1.27×173.2169.3-0.76%170
FY 2020 Q4Dec 31, 20205,1751,2543,921—47.58%2.19×3.71×5.94×1.24×173.54169.72-0.37%171
FY 2020 Q3Sep 26, 20205,3741,0074,367—51.87%2.4×3.6×6.06×1.2×173.5169.71.8%105
FY 2020 Q2Jun 27, 20205,6281,3414,287—54.25%2.28×3.48×6.32×1.17×173.61703.09%83
FY 2020 Q1Mar 28, 20205,9251,6724,253—55.29%2.12×3.59×6.91×1.16×175.9170.64.02%253
FY 2019 Q4Dec 31, 20195,1291,0014,128—48.2%2.09×3.26×6.67×1.21×175.31170.354.14%145
FY 2019 Q3Sep 28, 20195,7291,1384,591—55.23%2.43×3.62×6.25×1.14×176.4166.72.52%0
FY 2019 Q2Jun 29, 20195,3439534,390—53.57%2.49×3.79×5.71×1.33×176.1164.91.66%25
FY 2019 Q1Mar 30, 20195,3158864,429—53.19%2.63×3.31×5.31×1.25×174.61641.61%145
FY 2018 Q4Dec 31, 20185,3201,2464,074—56.54%2.52×6.06×5.23×1.38×173.17163.570.96%66
FY 2018 Q3Sep 29, 20185,4328394,593—60.6%2.86×6.21×5.43×1.19×172.6162.60.18%0
FY 2018 Q2Jun 30, 20185,6458784,767—63.56%2.89×7.35×5.8×1.23×171.7162.2-0.55%0
FY 2018 Q1Mar 31, 20185,7967955,001—64.04%3.08×11.5×5.94×1.17×170.6161.4-1.71%66
FY 2017 Q4Dec 31, 20174,4711,2053,266—54.47%2.01×4×5.96×1.35×143.91162.01-2.03%125
FY 2017 Q3Sep 30, 20174,4706533,817—51.87%2.54×5.37×5.34×1.3×169162.3-2.41%100
FY 2017 Q2Jul 1, 20174,4677423,725—53.85%2.49×4.82×5.28×1.33×169163.1-5.12%80
FY 2017 Q1Apr 1, 20174,4587663,692—54.77%2.53×4.43×5.04×1.29×169.9164.2-5.9%178
FY 2016 Q4Dec 31, 20164,3961,0303,366—51.94%2.47×4.92×4.74×1.3×170.38165.37-6.06%114
FY 2016 Q3Oct 1, 20165,0491,6873,362—58.58%2.56×6.23×4.71×1.76×169.6166.3-16.52%109
FY 2016 Q2Jul 2, 20165,0331,5453,488—59.44%3.01×6.44×4.44×1.73×174.8171.9-17.36%555
FY 2016 Q1Apr 2, 20165,0271,9403,087—55.55%2.69×7.46×4.97×1.97×177174.5-18.95%64
FY 2015 Q4Dec 31, 20154,3901,9802,410—52.34%2.11×5.29×5.34×2.09×178.85176.03-23.45%181
FY 2015 Q3Oct 3, 20154,3902,2002,190—54.29%——-4.82×2.36×201.3199.2-19.12%2,058
FY 2015 Q2Jul 4, 20153,3973,1122851.86×37.09%——-5.23×2.86×209.5208-18.01%285
FY 2015 Q1Apr 4, 20153,3963,353431.62×36.03%——-6.21×2.98×217.8215.3-15.27%653
FY 2014 Q4Dec 31, 20143,4003,954-5541.23×32.62%——-6.84×3.06×221.73229.97-10.94%1,423
FY 2014 Q3Sep 27, 20143,4052,8455601.05×27.92%0.5×6.08×6.93×2.37×248.2246.3-6.06%650
FY 2014 Q2Jun 28, 20142,4502,876-4260.59×20.64%-0.34×2.92×8.07×2.42×256.2253.7-5.86%416
FY 2014 Q1Mar 29, 20142,4663,141-6750.66×21.23%-0.48×2.97×8.79×2.24×258.3254.1-7.43%57
FY 2013 Q4Dec 31, 20132,4613,225-7640.67×20.77%-0.53×3.27×9.2×2.18×261.85258.22-7.9%362
FY 2013 Q3Sep 28, 20132,4621,7217410.91×20.42%0.51×4.14×9.42×2.32×265.3262.2-7.38%425
FY 2013 Q2Jun 29, 20132,4561,4579990.87×20.2%0.69×3.95×9.75×2.45×274.7269.5-7.26%550
FY 2013 Q1Mar 30, 20132,4541,4709840.79×19.48%0.68×3.13×10.98×2.55×280.7274.5-11.82%357
FY 2012 Q4Dec 31, 20121,8631,4683950.57×14.69%0.27×2.11×11.63×2.22×285.36280.36-13.27%326
FY 2012 Q3Sep 29, 20121,8641,779850.48×15.51%0.06×5.72×10.47×2.33×287.4283.1-15.59%308
FY 2012 Q2Jun 30, 20121,8651,772930.48×15.3%0.07×3.06×9.62×2.42×296.1290.6-14.83%439
FY 2012 Q1Mar 31, 20121,5301,720-1900.37×12.3%-0.15×3.2×7.57×2.06×317.7311.3-7.74%1,365
FY 2011 Q4Dec 31, 20111,5351,881-3460.29×11.02%-0.28×2.32×6.5×2.3×328.56323.26—366
FY 2011 Q3Oct 1, 20112,1431,7853580.35×14.51%0.26×1.84×6.15×2.33×339.5335.4-42.03%744
FY 2011 Q2Jul 2, 20112,1542,203-490.32×13.81%-0.04×2.42×5.39×2.49×348.5341.2-40.77%0
FY 2011 Q1Apr 2, 20112,6982,764-660.42×16.29%-0.04×2.73×5.86×2.21×344.2337.4-41.1%0
FY 2010 Q4Dec 31, 20102,7994,208-1,4090.25×10.94%-1.04×2.33×3.59×1.97×————
FY 2010 Q3Oct 2, 20103,3963,848-4520.32×13.1%-0.32×2.23×4.07×1.99×587.36578.61.71%—
FY 2010 Q2Jul 3, 20103,4382,8935450.34×13.86%0.38×1.78×3.36×2.03×585.03576.081.52%—
FY 2010 Q1Apr 3, 20103,9043,1887160.39×15.46%0.64×2.11×1.82×2.02×579.17572.84——
FY 2009 Q4Dec 31, 20093,9012,8691,0320.39×15.24%1.71×11.02×-0.71×1.94×571.55571.55—0
FY 2009 Q3Oct 3, 20093,9253,0508750.4×15.67%———2.02×573.78568.86—0
FY 2009 Q2Jul 4, 20093,9392,8811,0580.41×15.69%———1.92×570.54567.45——
Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · MSI, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt
Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents
Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt
Total debt − cash and equivalents. Negative means net cash.
Debt / equity
Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets
Total debt / total assets × 100.
Net debt / EBITDA
Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF
Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage
TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio
Current assets / positive current liabilities.
Diluted shares
Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares
Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth
Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases
Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.