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Applied Materials Inc. (AMAT)
Analysis of Solvency Ratios
Beginner level
Solvency ratios also known as long-term debt ratios measure a company’s ability to meet long-term obligations.
Solvency Ratios (Summary)
Applied Materials Inc., solvency ratios
Based on: 10-K (filing date: 2019-12-13), 10-K (filing date: 2018-12-13), 10-K (filing date: 2017-12-15), 10-K (filing date: 2016-12-15), 10-K (filing date: 2015-12-09), 10-K (filing date: 2014-12-17).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Applied Materials Inc.’s debt to equity ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 not reaching 2017 level. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Applied Materials Inc.’s debt to capital ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 not reaching 2017 level. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Applied Materials Inc.’s debt to assets ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 not reaching 2017 level. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Applied Materials Inc.’s financial leverage ratio increased from 2017 to 2018 but then slightly decreased from 2018 to 2019 not reaching 2017 level. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Applied Materials Inc.’s interest coverage ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Applied Materials Inc.’s fixed charge coverage ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Debt to Equity
Applied Materials Inc., debt to equity calculation, comparison to benchmarks
| Oct 27, 2019 | Oct 28, 2018 | Oct 29, 2017 | Oct 30, 2016 | Oct 25, 2015 | Oct 26, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Current portion of long-term debt |  |
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| Long-term debt, excluding current portion | |
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| Total debt | |
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| Stockholders’ equity | |
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| Solvency Ratio | |||||||
| Debt to equity1 | |
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| Benchmarks | |||||||
| Debt to Equity, Competitors2 | |||||||
| Apple Inc. | |
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| Broadcom Inc. | |
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| Cisco Systems Inc. | |
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| Intel Corp. | |
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| Micron Technology Inc. | |
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| NVIDIA Corp. | |
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| Qualcomm Inc. | |
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| Texas Instruments Inc. | |
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| Debt to Equity, Sector | |||||||
| Technology Hardware & Equipment | |
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| Debt to Equity, Industry | |||||||
| Technology | |
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Based on: 10-K (filing date: 2019-12-13), 10-K (filing date: 2018-12-13), 10-K (filing date: 2017-12-15), 10-K (filing date: 2016-12-15), 10-K (filing date: 2015-12-09), 10-K (filing date: 2014-12-17).
1 2019 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= ÷ =
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Applied Materials Inc.’s debt to equity ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 not reaching 2017 level. |
Debt to Capital
Applied Materials Inc., debt to capital calculation, comparison to benchmarks
| Oct 27, 2019 | Oct 28, 2018 | Oct 29, 2017 | Oct 30, 2016 | Oct 25, 2015 | Oct 26, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Current portion of long-term debt | |
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| Long-term debt, excluding current portion | |
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| Total debt | |
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| Stockholders’ equity | |
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| Total capital | |
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| Solvency Ratio | |||||||
| Debt to capital1 | |
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| Benchmarks | |||||||
| Debt to Capital, Competitors2 | |||||||
| Apple Inc. | |
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| Broadcom Inc. | |
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| Cisco Systems Inc. | |
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| Intel Corp. | |
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| Micron Technology Inc. | |
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| NVIDIA Corp. | |
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| Qualcomm Inc. | |
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| Texas Instruments Inc. | |
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| Debt to Capital, Sector | |||||||
| Technology Hardware & Equipment | |
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| Debt to Capital, Industry | |||||||
| Technology | |
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Based on: 10-K (filing date: 2019-12-13), 10-K (filing date: 2018-12-13), 10-K (filing date: 2017-12-15), 10-K (filing date: 2016-12-15), 10-K (filing date: 2015-12-09), 10-K (filing date: 2014-12-17).
1 2019 Calculation
Debt to capital = Total debt ÷ Total capital
= ÷ =
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. | Applied Materials Inc.’s debt to capital ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 not reaching 2017 level. |
Debt to Assets
Applied Materials Inc., debt to assets calculation, comparison to benchmarks
| Oct 27, 2019 | Oct 28, 2018 | Oct 29, 2017 | Oct 30, 2016 | Oct 25, 2015 | Oct 26, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Current portion of long-term debt | |
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| Long-term debt, excluding current portion | |
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| Total debt | |
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| Total assets | |
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| Solvency Ratio | |||||||
| Debt to assets1 | |
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| Benchmarks | |||||||
| Debt to Assets, Competitors2 | |||||||
| Apple Inc. | |
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| Broadcom Inc. | |
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| Cisco Systems Inc. | |
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| Intel Corp. | |
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| Micron Technology Inc. | |
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| NVIDIA Corp. | |
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| Qualcomm Inc. | |
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| Texas Instruments Inc. | |
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| Debt to Assets, Sector | |||||||
| Technology Hardware & Equipment | |
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| Debt to Assets, Industry | |||||||
| Technology | |
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Based on: 10-K (filing date: 2019-12-13), 10-K (filing date: 2018-12-13), 10-K (filing date: 2017-12-15), 10-K (filing date: 2016-12-15), 10-K (filing date: 2015-12-09), 10-K (filing date: 2014-12-17).
1 2019 Calculation
Debt to assets = Total debt ÷ Total assets
= ÷ =
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. | Applied Materials Inc.’s debt to assets ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 not reaching 2017 level. |
Financial Leverage
Applied Materials Inc., financial leverage calculation, comparison to benchmarks
| Oct 27, 2019 | Oct 28, 2018 | Oct 29, 2017 | Oct 30, 2016 | Oct 25, 2015 | Oct 26, 2014 | ||
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| Selected Financial Data (US$ in millions) | |||||||
| Total assets | |
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| Stockholders’ equity | |
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| Solvency Ratio | |||||||
| Financial leverage1 | |
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| Benchmarks | |||||||
| Financial Leverage, Competitors2 | |||||||
| Apple Inc. | |
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| Broadcom Inc. | |
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| Cisco Systems Inc. | |
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| Intel Corp. | |
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| Micron Technology Inc. | |
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| NVIDIA Corp. | |
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| Qualcomm Inc. | |
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| Texas Instruments Inc. | |
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| Financial Leverage, Sector | |||||||
| Technology Hardware & Equipment | |
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| Financial Leverage, Industry | |||||||
| Technology | |
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Based on: 10-K (filing date: 2019-12-13), 10-K (filing date: 2018-12-13), 10-K (filing date: 2017-12-15), 10-K (filing date: 2016-12-15), 10-K (filing date: 2015-12-09), 10-K (filing date: 2014-12-17).
1 2019 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= ÷ =
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Applied Materials Inc.’s financial leverage ratio increased from 2017 to 2018 but then slightly decreased from 2018 to 2019 not reaching 2017 level. |
Interest Coverage
Applied Materials Inc., interest coverage calculation, comparison to benchmarks
| Oct 27, 2019 | Oct 28, 2018 | Oct 29, 2017 | Oct 30, 2016 | Oct 25, 2015 | Oct 26, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net income | |
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| Add: Income tax expense | |
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| Add: Interest expense | |
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| Earnings before interest and tax (EBIT) | |
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| Solvency Ratio | |||||||
| Interest coverage1 | |
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| Benchmarks | |||||||
| Interest Coverage, Competitors2 | |||||||
| Apple Inc. | |
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| Broadcom Inc. | |
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|
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| Cisco Systems Inc. | |
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|
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| Intel Corp. | |
|
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|
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| Micron Technology Inc. | |
|
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|
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| NVIDIA Corp. | |
|
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|
|
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| Qualcomm Inc. | |
|
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|
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| Texas Instruments Inc. | |
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| Interest Coverage, Sector | |||||||
| Technology Hardware & Equipment | |
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| Interest Coverage, Industry | |||||||
| Technology | |
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Based on: 10-K (filing date: 2019-12-13), 10-K (filing date: 2018-12-13), 10-K (filing date: 2017-12-15), 10-K (filing date: 2016-12-15), 10-K (filing date: 2015-12-09), 10-K (filing date: 2014-12-17).
1 2019 Calculation
Interest coverage = EBIT ÷ Interest expense
= ÷ =
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. | Applied Materials Inc.’s interest coverage ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Fixed Charge Coverage
Applied Materials Inc., fixed charge coverage calculation, comparison to benchmarks
| Oct 27, 2019 | Oct 28, 2018 | Oct 29, 2017 | Oct 30, 2016 | Oct 25, 2015 | Oct 26, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net income | |
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| Add: Income tax expense | |
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| Add: Interest expense | |
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| Earnings before interest and tax (EBIT) | |
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| Add: Rent expense | |
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| Earnings before fixed charges and tax | |
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| Interest expense | |
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| Rent expense | |
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| Fixed charges | |
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| Solvency Ratio | |||||||
| Fixed charge coverage1 | |
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| Benchmarks | |||||||
| Fixed Charge Coverage, Competitors2 | |||||||
| Apple Inc. | |
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|
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| Broadcom Inc. | |
|
|
|
|
|
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| Cisco Systems Inc. | |
|
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|
|
|
|
| Intel Corp. | |
|
|
|
|
|
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| Micron Technology Inc. | |
|
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|
|
|
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| NVIDIA Corp. | |
|
|
|
|
|
|
| Qualcomm Inc. | |
|
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|
|
|
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| Texas Instruments Inc. | |
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|
|
|
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| Fixed Charge Coverage, Sector | |||||||
| Technology Hardware & Equipment | |
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| Fixed Charge Coverage, Industry | |||||||
| Technology | |
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Based on: 10-K (filing date: 2019-12-13), 10-K (filing date: 2018-12-13), 10-K (filing date: 2017-12-15), 10-K (filing date: 2016-12-15), 10-K (filing date: 2015-12-09), 10-K (filing date: 2014-12-17).
1 2019 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= ÷ =
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. | Applied Materials Inc.’s fixed charge coverage ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |