Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Lowe’s Cos. Inc., solvency ratios
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Lowe’s Cos. Inc. debt to capital ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Lowe’s Cos. Inc. debt to capital ratio (including operating lease liability) deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Lowe’s Cos. Inc. debt to assets ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Lowe’s Cos. Inc. debt to assets ratio (including operating lease liability) deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Lowe’s Cos. Inc. interest coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Lowe’s Cos. Inc. fixed charge coverage ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Debt to Equity
Lowe’s Cos. Inc., debt to equity calculation, comparison to benchmarks
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Short-term borrowings | —) | 499) | —) | —) | 1,941) | 722) | |
| Current maturities of long-term debt | 537) | 585) | 868) | 1,112) | 597) | 1,110) | |
| Long-term debt, excluding current maturities | 35,384) | 32,876) | 23,859) | 20,668) | 16,768) | 14,391) | |
| Total debt | 35,921) | 33,960) | 24,727) | 21,780) | 19,306) | 16,223) | |
| Shareholders’ equity (deficit) | (15,050) | (14,254) | (4,816) | 1,437) | 1,972) | 3,644) | |
| Solvency Ratio | |||||||
| Debt to equity1 | — | — | — | 15.16 | 9.79 | 4.45 | |
| Benchmarks | |||||||
| Debt to Equity, Competitors2 | |||||||
| Amazon.com Inc. | — | 0.39 | 0.59 | 0.54 | 0.66 | 0.83 | |
| Home Depot Inc. | 42.25 | 27.65 | — | 11.29 | — | — | |
| TJX Cos. Inc. | 0.39 | 0.53 | 0.56 | 1.04 | 0.38 | 0.44 | |
| Debt to Equity, Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 0.82 | 1.06 | 0.93 | 1.17 | 1.44 | |
| Debt to Equity, Industry | |||||||
| Consumer Discretionary | — | 1.42 | 1.62 | 1.57 | 2.27 | 2.45 | |
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).
1 2024 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity (deficit)
= 35,921 ÷ -15,050 = —
2 Click competitor name to see calculations.
Debt to Equity (including Operating Lease Liability)
Lowe’s Cos. Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Short-term borrowings | —) | 499) | —) | —) | 1,941) | 722) | |
| Current maturities of long-term debt | 537) | 585) | 868) | 1,112) | 597) | 1,110) | |
| Long-term debt, excluding current maturities | 35,384) | 32,876) | 23,859) | 20,668) | 16,768) | 14,391) | |
| Total debt | 35,921) | 33,960) | 24,727) | 21,780) | 19,306) | 16,223) | |
| Current operating lease liabilities | 487) | 522) | 636) | 541) | 501) | —) | |
| Noncurrent operating lease liabilities | 3,737) | 3,512) | 4,021) | 3,890) | 3,943) | —) | |
| Total debt (including operating lease liability) | 40,145) | 37,994) | 29,384) | 26,211) | 23,750) | 16,223) | |
| Shareholders’ equity (deficit) | (15,050) | (14,254) | (4,816) | 1,437) | 1,972) | 3,644) | |
| Solvency Ratio | |||||||
| Debt to equity (including operating lease liability)1 | — | — | — | 18.24 | 12.04 | 4.45 | |
| Benchmarks | |||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||
| Amazon.com Inc. | — | 0.77 | 1.06 | 0.96 | 1.08 | 1.25 | |
| Home Depot Inc. | 50.04 | 32.24 | — | 13.16 | — | — | |
| TJX Cos. Inc. | 1.72 | 2.00 | 2.08 | 2.66 | 1.93 | 0.44 | |
| Debt to Equity (including Operating Lease Liability), Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 1.31 | 1.67 | 1.46 | 1.76 | 1.82 | |
| Debt to Equity (including Operating Lease Liability), Industry | |||||||
| Consumer Discretionary | — | 1.77 | 2.00 | 1.93 | 2.70 | 2.71 | |
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).
1 2024 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Shareholders’ equity (deficit)
= 40,145 ÷ -15,050 = —
2 Click competitor name to see calculations.
Debt to Capital
Lowe’s Cos. Inc., debt to capital calculation, comparison to benchmarks
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Short-term borrowings | —) | 499) | —) | —) | 1,941) | 722) | |
| Current maturities of long-term debt | 537) | 585) | 868) | 1,112) | 597) | 1,110) | |
| Long-term debt, excluding current maturities | 35,384) | 32,876) | 23,859) | 20,668) | 16,768) | 14,391) | |
| Total debt | 35,921) | 33,960) | 24,727) | 21,780) | 19,306) | 16,223) | |
| Shareholders’ equity (deficit) | (15,050) | (14,254) | (4,816) | 1,437) | 1,972) | 3,644) | |
| Total capital | 20,871) | 19,706) | 19,911) | 23,217) | 21,278) | 19,867) | |
| Solvency Ratio | |||||||
| Debt to capital1 | 1.72 | 1.72 | 1.24 | 0.94 | 0.91 | 0.82 | |
| Benchmarks | |||||||
| Debt to Capital, Competitors2 | |||||||
| Amazon.com Inc. | — | 0.28 | 0.37 | 0.35 | 0.40 | 0.45 | |
| Home Depot Inc. | 0.98 | 0.97 | 1.04 | 0.92 | 1.11 | 1.07 | |
| TJX Cos. Inc. | 0.28 | 0.35 | 0.36 | 0.51 | 0.27 | 0.31 | |
| Debt to Capital, Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 0.45 | 0.51 | 0.48 | 0.54 | 0.59 | |
| Debt to Capital, Industry | |||||||
| Consumer Discretionary | — | 0.59 | 0.62 | 0.61 | 0.69 | 0.71 | |
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).
1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 35,921 ÷ 20,871 = 1.72
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Lowe’s Cos. Inc. debt to capital ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Debt to Capital (including Operating Lease Liability)
Lowe’s Cos. Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Short-term borrowings | —) | 499) | —) | —) | 1,941) | 722) | |
| Current maturities of long-term debt | 537) | 585) | 868) | 1,112) | 597) | 1,110) | |
| Long-term debt, excluding current maturities | 35,384) | 32,876) | 23,859) | 20,668) | 16,768) | 14,391) | |
| Total debt | 35,921) | 33,960) | 24,727) | 21,780) | 19,306) | 16,223) | |
| Current operating lease liabilities | 487) | 522) | 636) | 541) | 501) | —) | |
| Noncurrent operating lease liabilities | 3,737) | 3,512) | 4,021) | 3,890) | 3,943) | —) | |
| Total debt (including operating lease liability) | 40,145) | 37,994) | 29,384) | 26,211) | 23,750) | 16,223) | |
| Shareholders’ equity (deficit) | (15,050) | (14,254) | (4,816) | 1,437) | 1,972) | 3,644) | |
| Total capital (including operating lease liability) | 25,095) | 23,740) | 24,568) | 27,648) | 25,722) | 19,867) | |
| Solvency Ratio | |||||||
| Debt to capital (including operating lease liability)1 | 1.60 | 1.60 | 1.20 | 0.95 | 0.92 | 0.82 | |
| Benchmarks | |||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||
| Amazon.com Inc. | — | 0.43 | 0.51 | 0.49 | 0.52 | 0.56 | |
| Home Depot Inc. | 0.98 | 0.97 | 1.04 | 0.93 | 1.09 | 1.07 | |
| TJX Cos. Inc. | 0.63 | 0.67 | 0.68 | 0.73 | 0.66 | 0.31 | |
| Debt to Capital (including Operating Lease Liability), Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 0.57 | 0.63 | 0.59 | 0.64 | 0.65 | |
| Debt to Capital (including Operating Lease Liability), Industry | |||||||
| Consumer Discretionary | — | 0.64 | 0.67 | 0.66 | 0.73 | 0.73 | |
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).
1 2024 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 40,145 ÷ 25,095 = 1.60
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Lowe’s Cos. Inc. debt to capital ratio (including operating lease liability) deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Debt to Assets
Lowe’s Cos. Inc., debt to assets calculation, comparison to benchmarks
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Short-term borrowings | —) | 499) | —) | —) | 1,941) | 722) | |
| Current maturities of long-term debt | 537) | 585) | 868) | 1,112) | 597) | 1,110) | |
| Long-term debt, excluding current maturities | 35,384) | 32,876) | 23,859) | 20,668) | 16,768) | 14,391) | |
| Total debt | 35,921) | 33,960) | 24,727) | 21,780) | 19,306) | 16,223) | |
| Total assets | 41,795) | 43,708) | 44,640) | 46,735) | 39,471) | 34,508) | |
| Solvency Ratio | |||||||
| Debt to assets1 | 0.86 | 0.78 | 0.55 | 0.47 | 0.49 | 0.47 | |
| Benchmarks | |||||||
| Debt to Assets, Competitors2 | |||||||
| Amazon.com Inc. | — | 0.15 | 0.19 | 0.18 | 0.19 | 0.23 | |
| Home Depot Inc. | 0.58 | 0.57 | 0.56 | 0.53 | 0.61 | 0.66 | |
| TJX Cos. Inc. | 0.10 | 0.12 | 0.12 | 0.20 | 0.09 | 0.16 | |
| Debt to Assets, Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 0.24 | 0.25 | 0.24 | 0.26 | 0.31 | |
| Debt to Assets, Industry | |||||||
| Consumer Discretionary | — | 0.35 | 0.36 | 0.37 | 0.42 | 0.44 | |
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).
1 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 35,921 ÷ 41,795 = 0.86
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Lowe’s Cos. Inc. debt to assets ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Debt to Assets (including Operating Lease Liability)
Lowe’s Cos. Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Short-term borrowings | —) | 499) | —) | —) | 1,941) | 722) | |
| Current maturities of long-term debt | 537) | 585) | 868) | 1,112) | 597) | 1,110) | |
| Long-term debt, excluding current maturities | 35,384) | 32,876) | 23,859) | 20,668) | 16,768) | 14,391) | |
| Total debt | 35,921) | 33,960) | 24,727) | 21,780) | 19,306) | 16,223) | |
| Current operating lease liabilities | 487) | 522) | 636) | 541) | 501) | —) | |
| Noncurrent operating lease liabilities | 3,737) | 3,512) | 4,021) | 3,890) | 3,943) | —) | |
| Total debt (including operating lease liability) | 40,145) | 37,994) | 29,384) | 26,211) | 23,750) | 16,223) | |
| Total assets | 41,795) | 43,708) | 44,640) | 46,735) | 39,471) | 34,508) | |
| Solvency Ratio | |||||||
| Debt to assets (including operating lease liability)1 | 0.96 | 0.87 | 0.66 | 0.56 | 0.60 | 0.47 | |
| Benchmarks | |||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||
| Amazon.com Inc. | — | 0.29 | 0.33 | 0.31 | 0.31 | 0.34 | |
| Home Depot Inc. | 0.68 | 0.66 | 0.64 | 0.62 | 0.73 | 0.66 | |
| TJX Cos. Inc. | 0.42 | 0.45 | 0.44 | 0.50 | 0.47 | 0.16 | |
| Debt to Assets (including Operating Lease Liability), Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 0.38 | 0.40 | 0.38 | 0.40 | 0.39 | |
| Debt to Assets (including Operating Lease Liability), Industry | |||||||
| Consumer Discretionary | — | 0.44 | 0.45 | 0.45 | 0.50 | 0.49 | |
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).
1 2024 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 40,145 ÷ 41,795 = 0.96
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Lowe’s Cos. Inc. debt to assets ratio (including operating lease liability) deteriorated from 2022 to 2023 and from 2023 to 2024. |
Financial Leverage
Lowe’s Cos. Inc., financial leverage calculation, comparison to benchmarks
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Total assets | 41,795) | 43,708) | 44,640) | 46,735) | 39,471) | 34,508) | |
| Shareholders’ equity (deficit) | (15,050) | (14,254) | (4,816) | 1,437) | 1,972) | 3,644) | |
| Solvency Ratio | |||||||
| Financial leverage1 | — | — | — | 32.52 | 20.02 | 9.47 | |
| Benchmarks | |||||||
| Financial Leverage, Competitors2 | |||||||
| Amazon.com Inc. | — | 2.61 | 3.17 | 3.04 | 3.44 | 3.63 | |
| Home Depot Inc. | 73.30 | 48.94 | — | 21.39 | — | — | |
| TJX Cos. Inc. | 4.07 | 4.45 | 4.74 | 5.28 | 4.06 | 2.84 | |
| Financial Leverage, Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 3.46 | 4.18 | 3.82 | 4.44 | 4.62 | |
| Financial Leverage, Industry | |||||||
| Consumer Discretionary | — | 4.05 | 4.45 | 4.27 | 5.43 | 5.59 | |
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).
1 2024 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity (deficit)
= 41,795 ÷ -15,050 = —
2 Click competitor name to see calculations.
Interest Coverage
Lowe’s Cos. Inc., interest coverage calculation, comparison to benchmarks
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net earnings | 7,726) | 6,437) | 8,442) | 5,835) | 4,281) | 2,314) | |
| Add: Income tax expense | 2,449) | 2,599) | 2,766) | 1,904) | 1,342) | 1,080) | |
| Add: Interest expense, net of amount capitalized | 1,483) | 1,160) | 897) | 872) | 718) | 652) | |
| Earnings before interest and tax (EBIT) | 11,658) | 10,196) | 12,105) | 8,611) | 6,341) | 4,046) | |
| Solvency Ratio | |||||||
| Interest coverage1 | 7.86 | 8.79 | 13.49 | 9.88 | 8.83 | 6.21 | |
| Benchmarks | |||||||
| Interest Coverage, Competitors2 | |||||||
| Amazon.com Inc. | — | 12.80 | -1.51 | 22.09 | 15.69 | 9.73 | |
| Home Depot Inc. | 11.25 | 14.90 | 17.14 | 13.60 | 13.25 | 14.85 | |
| TJX Cos. Inc. | 76.53 | 56.19 | 37.80 | 1.46 | 75.57 | 65.36 | |
| Interest Coverage, Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 13.19 | 7.64 | 15.91 | 14.50 | 11.71 | |
| Interest Coverage, Industry | |||||||
| Consumer Discretionary | — | 10.56 | 7.69 | 10.79 | 6.23 | 9.81 | |
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).
1 2024 Calculation
Interest coverage = EBIT ÷ Interest expense
= 11,658 ÷ 1,483 = 7.86
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Lowe’s Cos. Inc. interest coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Fixed Charge Coverage
Lowe’s Cos. Inc., fixed charge coverage calculation, comparison to benchmarks
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net earnings | 7,726) | 6,437) | 8,442) | 5,835) | 4,281) | 2,314) | |
| Add: Income tax expense | 2,449) | 2,599) | 2,766) | 1,904) | 1,342) | 1,080) | |
| Add: Interest expense, net of amount capitalized | 1,483) | 1,160) | 897) | 872) | 718) | 652) | |
| Earnings before interest and tax (EBIT) | 11,658) | 10,196) | 12,105) | 8,611) | 6,341) | 4,046) | |
| Add: Operating lease cost | 630) | 734) | 699) | 659) | 674) | 616) | |
| Earnings before fixed charges and tax | 12,288) | 10,930) | 12,804) | 9,270) | 7,015) | 4,662) | |
| Interest expense, net of amount capitalized | 1,483) | 1,160) | 897) | 872) | 718) | 652) | |
| Operating lease cost | 630) | 734) | 699) | 659) | 674) | 616) | |
| Fixed charges | 2,113) | 1,894) | 1,596) | 1,531) | 1,392) | 1,268) | |
| Solvency Ratio | |||||||
| Fixed charge coverage1 | 5.82 | 5.77 | 8.02 | 6.05 | 5.04 | 3.68 | |
| Benchmarks | |||||||
| Fixed Charge Coverage, Competitors2 | |||||||
| Amazon.com Inc. | — | 3.73 | 0.47 | 5.24 | 4.63 | 3.65 | |
| Home Depot Inc. | 7.03 | 9.07 | 9.94 | 8.97 | 8.26 | 7.80 | |
| TJX Cos. Inc. | 3.85 | 3.31 | 3.17 | 1.04 | 3.43 | 3.39 | |
| Fixed Charge Coverage, Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 4.61 | 2.82 | 5.29 | 5.11 | 4.46 | |
| Fixed Charge Coverage, Industry | |||||||
| Consumer Discretionary | — | 4.72 | 3.35 | 5.00 | 3.18 | 4.31 | |
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).
1 2024 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 12,288 ÷ 2,113 = 5.82
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Lowe’s Cos. Inc. fixed charge coverage ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |