Applied Materials Inc. (AMAT)


Analysis of Solvency Ratios
Quarterly Data

Low level of difficulty


Solvency Ratios (Summary)

Applied Materials Inc., solvency ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Jul 28, 2019 Apr 28, 2019 Jan 27, 2019 Oct 28, 2018 Jul 29, 2018 Apr 29, 2018 Jan 28, 2018 Oct 29, 2017 Jul 30, 2017 Apr 30, 2017 Jan 29, 2017 Oct 30, 2016 Jul 31, 2016 May 1, 2016 Jan 31, 2016 Oct 25, 2015 Jul 26, 2015 Apr 26, 2015 Jan 25, 2015 Oct 26, 2014 Jul 27, 2014 Apr 27, 2014 Jan 26, 2014 Oct 27, 2013 Jul 28, 2013 Apr 28, 2013 Jan 27, 2013
Debt Ratios
Debt to equity 0.65 0.65 0.65 0.78 0.78 0.75 0.62 0.57 0.61 0.67 0.43 0.46 0.49 0.51 0.47 0.60 0.24 0.23 0.24 0.25 0.25 0.26 0.27 0.27 0.28 0.28 0.27
Debt to capital 0.40 0.39 0.39 0.44 0.44 0.43 0.38 0.36 0.38 0.40 0.30 0.32 0.33 0.34 0.32 0.37 0.20 0.19 0.19 0.20 0.20 0.21 0.21 0.22 0.22 0.22 0.21
Debt to assets 0.28 0.28 0.28 0.30 0.30 0.29 0.27 0.27 0.28 0.30 0.22 0.23 0.24 0.26 0.25 0.30 0.15 0.14 0.15 0.15 0.15 0.16 0.16 0.16 0.17 0.17 0.17
Financial leverage 2.32 2.29 2.31 2.60 2.62 2.63 2.31 2.08 2.19 2.22 1.98 2.02 2.01 1.99 1.86 2.01 1.65 1.63 1.62 1.67 1.67 1.68 1.68 1.70 1.69 1.70 1.64
Coverage Ratios
Interest coverage 15.40 17.25 19.81 21.06 21.65 20.52 19.82 19.84 19.98 19.88 17.36 13.99 12.21 11.97 13.09 16.51 18.01 17.96 17.88 16.24 13.96 12.60 7.74 4.68

Based on: 10-Q (filing date: 2019-08-22), 10-Q (filing date: 2019-05-23), 10-Q (filing date: 2019-02-21), 10-K (filing date: 2018-12-13), 10-Q (filing date: 2018-08-23), 10-Q (filing date: 2018-05-24), 10-Q (filing date: 2018-02-22), 10-K (filing date: 2017-12-15), 10-Q (filing date: 2017-08-24), 10-Q (filing date: 2017-05-25), 10-Q (filing date: 2017-02-23), 10-K (filing date: 2016-12-15), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-Q (filing date: 2016-02-25), 10-K (filing date: 2015-12-09), 10-Q (filing date: 2015-08-20), 10-Q (filing date: 2015-05-21), 10-Q (filing date: 2015-02-19), 10-K (filing date: 2014-12-17), 10-Q (filing date: 2014-08-21), 10-Q (filing date: 2014-05-22), 10-Q (filing date: 2014-02-20), 10-K (filing date: 2013-12-04), 10-Q (filing date: 2013-08-22), 10-Q (filing date: 2013-05-23), 10-Q (filing date: 2013-02-21).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Applied Materials Inc.’s financial leverage ratio declined from Q1 2019 to Q2 2019 but then increased from Q2 2019 to Q3 2019 exceeding Q1 2019 level.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments.

Debt to Equity

Applied Materials Inc., debt to equity calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jul 28, 2019 Apr 28, 2019 Jan 27, 2019 Oct 28, 2018 Jul 29, 2018 Apr 29, 2018 Jan 28, 2018 Oct 29, 2017 Jul 30, 2017 Apr 30, 2017 Jan 29, 2017 Oct 30, 2016 Jul 31, 2016 May 1, 2016 Jan 31, 2016 Oct 25, 2015 Jul 26, 2015 Apr 26, 2015 Jan 25, 2015 Oct 26, 2014 Jul 27, 2014 Apr 27, 2014 Jan 26, 2014 Oct 27, 2013 Jul 28, 2013 Apr 28, 2013 Jan 27, 2013
Selected Financial Data (US$ in millions)
Notes payable, short-term —  —  —  —  —  —  —  —  —  200  200  200  —  —  —  1,200  400  —  —  —  —  —  —  —  —  —  — 
Long-term debt 5,312  5,311  5,310  5,309  5,308  5,306  5,305  5,304  5,303  5,302  3,125  3,143  3,343  3,343  3,343  3,342  1,547  1,947  1,947  1,947  1,947  1,947  1,946  1,946  1,946  1,946  1,946 
Total debt 5,312  5,311  5,310  5,309  5,308  5,306  5,305  5,304  5,303  5,502  3,325  3,343  3,343  3,343  3,343  4,542  1,947  1,947  1,947  1,947  1,947  1,947  1,946  1,946  1,946  1,946  1,946 
 
Stockholders’ equity 8,116  8,201  8,209  6,839  6,825  7,042  8,506  9,349  8,716  8,212  7,687  7,217  6,819  6,565  7,168  7,613  7,977  8,351  8,072  7,868  7,684  7,475  7,241  7,088  6,954  6,898  7,141 
Solvency Ratio
Debt to equity1 0.65 0.65 0.65 0.78 0.78 0.75 0.62 0.57 0.61 0.67 0.43 0.46 0.49 0.51 0.47 0.60 0.24 0.23 0.24 0.25 0.25 0.26 0.27 0.27 0.28 0.28 0.27
Benchmarks
Debt to Equity, Competitors2
Apple Inc. 1.12 1.06 0.97 1.07 1.00 0.96 0.87 0.86 0.82 0.73 0.66 0.68 0.67 0.61 0.49 0.54 0.43 0.34 0.30 0.32 0.26 0.14 0.13
Broadcom Inc. 1.75 1.69 1.62 0.66 0.64 0.55 0.68 0.87 0.69 0.70 0.71 0.72 0.70 0.76 0.77 0.84 0.93 1.21 1.52 1.70 1.78 0.00 0.00 0.00 0.00 0.00 0.00
Cisco Systems Inc. 0.64 0.63 0.58 0.59 0.60 0.76 0.55 0.51 0.50 0.55 0.55 0.45 0.46 0.40 0.41 0.42 0.36 0.36 0.37 0.37 0.37 0.31 0.28
Intel Corp. 0.39 0.38 0.39 0.35 0.39 0.40 0.41 0.39 0.45 0.47 0.39 0.38 0.44 0.47 0.41 0.37 0.37 0.23 0.24 0.25 0.24 0.22 0.23
NVIDIA Corp. 0.21 0.23 0.26 0.27 0.32 0.35 0.36 0.48 0.56 0.32 0.34 0.32 0.32 0.34 0.31 0.32 0.33 0.32 0.33 0.31 0.00 0.00 0.00
Qualcomm Inc. 3.01 4.24 4.53 17.64 0.97 0.97 0.95 0.71 0.70 0.38 0.37 0.37 0.38 0.40 0.36 0.35 0.33 0.03 0.00 0.00 0.00 0.00 0.00
Texas Instruments Inc. 0.65 0.68 0.68 0.56 0.48 0.48 0.38 0.39 0.33 0.33 0.32 0.34 0.35 0.36 0.42 0.41 0.41 0.48 0.45 0.45 0.44 0.44 0.53

Based on: 10-Q (filing date: 2019-08-22), 10-Q (filing date: 2019-05-23), 10-Q (filing date: 2019-02-21), 10-K (filing date: 2018-12-13), 10-Q (filing date: 2018-08-23), 10-Q (filing date: 2018-05-24), 10-Q (filing date: 2018-02-22), 10-K (filing date: 2017-12-15), 10-Q (filing date: 2017-08-24), 10-Q (filing date: 2017-05-25), 10-Q (filing date: 2017-02-23), 10-K (filing date: 2016-12-15), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-Q (filing date: 2016-02-25), 10-K (filing date: 2015-12-09), 10-Q (filing date: 2015-08-20), 10-Q (filing date: 2015-05-21), 10-Q (filing date: 2015-02-19), 10-K (filing date: 2014-12-17), 10-Q (filing date: 2014-08-21), 10-Q (filing date: 2014-05-22), 10-Q (filing date: 2014-02-20), 10-K (filing date: 2013-12-04), 10-Q (filing date: 2013-08-22), 10-Q (filing date: 2013-05-23), 10-Q (filing date: 2013-02-21).

1 Q3 2019 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 5,312 ÷ 8,116 = 0.65

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.

Debt to Capital

Applied Materials Inc., debt to capital calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jul 28, 2019 Apr 28, 2019 Jan 27, 2019 Oct 28, 2018 Jul 29, 2018 Apr 29, 2018 Jan 28, 2018 Oct 29, 2017 Jul 30, 2017 Apr 30, 2017 Jan 29, 2017 Oct 30, 2016 Jul 31, 2016 May 1, 2016 Jan 31, 2016 Oct 25, 2015 Jul 26, 2015 Apr 26, 2015 Jan 25, 2015 Oct 26, 2014 Jul 27, 2014 Apr 27, 2014 Jan 26, 2014 Oct 27, 2013 Jul 28, 2013 Apr 28, 2013 Jan 27, 2013
Selected Financial Data (US$ in millions)
Notes payable, short-term —  —  —  —  —  —  —  —  —  200  200  200  —  —  —  1,200  400  —  —  —  —  —  —  —  —  —  — 
Long-term debt 5,312  5,311  5,310  5,309  5,308  5,306  5,305  5,304  5,303  5,302  3,125  3,143  3,343  3,343  3,343  3,342  1,547  1,947  1,947  1,947  1,947  1,947  1,946  1,946  1,946  1,946  1,946 
Total debt 5,312  5,311  5,310  5,309  5,308  5,306  5,305  5,304  5,303  5,502  3,325  3,343  3,343  3,343  3,343  4,542  1,947  1,947  1,947  1,947  1,947  1,947  1,946  1,946  1,946  1,946  1,946 
Stockholders’ equity 8,116  8,201  8,209  6,839  6,825  7,042  8,506  9,349  8,716  8,212  7,687  7,217  6,819  6,565  7,168  7,613  7,977  8,351  8,072  7,868  7,684  7,475  7,241  7,088  6,954  6,898  7,141 
Total capital 13,428  13,512  13,519  12,148  12,133  12,348  13,811  14,653  14,019  13,714  11,012  10,560  10,162  9,908  10,511  12,155  9,924  10,298  10,019  9,815  9,631  9,422  9,187  9,034  8,900  8,844  9,087 
Solvency Ratio
Debt to capital1 0.40 0.39 0.39 0.44 0.44 0.43 0.38 0.36 0.38 0.40 0.30 0.32 0.33 0.34 0.32 0.37 0.20 0.19 0.19 0.20 0.20 0.21 0.21 0.22 0.22 0.22 0.21
Benchmarks
Debt to Capital, Competitors2
Apple Inc. 0.53 0.52 0.49 0.52 0.50 0.49 0.47 0.46 0.45 0.42 0.40 0.40 0.40 0.38 0.33 0.35 0.30 0.25 0.23 0.24 0.20 0.12 0.12
Broadcom Inc. 0.64 0.63 0.62 0.40 0.39 0.35 0.40 0.46 0.41 0.41 0.42 0.42 0.41 0.43 0.43 0.46 0.48 0.55 0.60 0.63 0.64 0.00 0.00 0.00 0.00 0.00 0.00
Cisco Systems Inc. 0.39 0.39 0.37 0.37 0.38 0.43 0.35 0.34 0.33 0.35 0.35 0.31 0.31 0.29 0.29 0.30 0.26 0.26 0.27 0.27 0.27 0.23 0.22
Intel Corp. 0.28 0.28 0.28 0.26 0.28 0.29 0.29 0.28 0.31 0.32 0.28 0.28 0.30 0.32 0.29 0.27 0.27 0.19 0.19 0.20 0.19 0.18 0.19
NVIDIA Corp. 0.17 0.19 0.21 0.21 0.24 0.26 0.26 0.33 0.36 0.24 0.25 0.24 0.24 0.25 0.24 0.24 0.25 0.24 0.25 0.24 0.00 0.00 0.00
Qualcomm Inc. 0.75 0.81 0.82 0.95 0.49 0.49 0.49 0.42 0.41 0.28 0.27 0.27 0.28 0.29 0.27 0.26 0.25 0.03 0.00 0.00 0.00 0.00 0.00
Texas Instruments Inc. 0.39 0.41 0.41 0.36 0.33 0.32 0.28 0.28 0.25 0.25 0.24 0.26 0.26 0.27 0.30 0.29 0.29 0.32 0.31 0.31 0.31 0.31 0.35

Based on: 10-Q (filing date: 2019-08-22), 10-Q (filing date: 2019-05-23), 10-Q (filing date: 2019-02-21), 10-K (filing date: 2018-12-13), 10-Q (filing date: 2018-08-23), 10-Q (filing date: 2018-05-24), 10-Q (filing date: 2018-02-22), 10-K (filing date: 2017-12-15), 10-Q (filing date: 2017-08-24), 10-Q (filing date: 2017-05-25), 10-Q (filing date: 2017-02-23), 10-K (filing date: 2016-12-15), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-Q (filing date: 2016-02-25), 10-K (filing date: 2015-12-09), 10-Q (filing date: 2015-08-20), 10-Q (filing date: 2015-05-21), 10-Q (filing date: 2015-02-19), 10-K (filing date: 2014-12-17), 10-Q (filing date: 2014-08-21), 10-Q (filing date: 2014-05-22), 10-Q (filing date: 2014-02-20), 10-K (filing date: 2013-12-04), 10-Q (filing date: 2013-08-22), 10-Q (filing date: 2013-05-23), 10-Q (filing date: 2013-02-21).

1 Q3 2019 Calculation
Debt to capital = Total debt ÷ Total capital
= 5,312 ÷ 13,428 = 0.40

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.

Debt to Assets

Applied Materials Inc., debt to assets calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jul 28, 2019 Apr 28, 2019 Jan 27, 2019 Oct 28, 2018 Jul 29, 2018 Apr 29, 2018 Jan 28, 2018 Oct 29, 2017 Jul 30, 2017 Apr 30, 2017 Jan 29, 2017 Oct 30, 2016 Jul 31, 2016 May 1, 2016 Jan 31, 2016 Oct 25, 2015 Jul 26, 2015 Apr 26, 2015 Jan 25, 2015 Oct 26, 2014 Jul 27, 2014 Apr 27, 2014 Jan 26, 2014 Oct 27, 2013 Jul 28, 2013 Apr 28, 2013 Jan 27, 2013
Selected Financial Data (US$ in millions)
Notes payable, short-term —  —  —  —  —  —  —  —  —  200  200  200  —  —  —  1,200  400  —  —  —  —  —  —  —  —  —  — 
Long-term debt 5,312  5,311  5,310  5,309  5,308  5,306  5,305  5,304  5,303  5,302  3,125  3,143  3,343  3,343  3,343  3,342  1,547  1,947  1,947  1,947  1,947  1,947  1,946  1,946  1,946  1,946  1,946 
Total debt 5,312  5,311  5,310  5,309  5,308  5,306  5,305  5,304  5,303  5,502  3,325  3,343  3,343  3,343  3,343  4,542  1,947  1,947  1,947  1,947  1,947  1,947  1,946  1,946  1,946  1,946  1,946 
 
Total assets 18,805  18,775  18,922  17,773  17,883  18,498  19,663  19,419  19,078  18,240  15,244  14,588  13,699  13,075  13,326  15,308  13,153  13,587  13,073  13,174  12,851  12,555  12,199  12,043  11,751  11,695  11,714 
Solvency Ratio
Debt to assets1 0.28 0.28 0.28 0.30 0.30 0.29 0.27 0.27 0.28 0.30 0.22 0.23 0.24 0.26 0.25 0.30 0.15 0.14 0.15 0.15 0.15 0.16 0.16 0.16 0.17 0.17 0.17
Benchmarks
Debt to Assets, Competitors2
Apple Inc. 0.34 0.33 0.31 0.31 0.33 0.33 0.30 0.31 0.31 0.29 0.26 0.27 0.28 0.26 0.21 0.22 0.20 0.17 0.14 0.15 0.14 0.08 0.08
Broadcom Inc. 0.54 0.53 0.52 0.35 0.35 0.32 0.32 0.32 0.27 0.27 0.27 0.27 0.28 0.29 0.37 0.37 0.40 0.47 0.51 0.53 0.54 0.00 0.00 0.00 0.00 0.00 0.00
Cisco Systems Inc. 0.24 0.25 0.24 0.24 0.25 0.30 0.28 0.26 0.26 0.28 0.28 0.24 0.24 0.22 0.22 0.22 0.20 0.20 0.20 0.20 0.21 0.17 0.16
Intel Corp. 0.22 0.22 0.22 0.21 0.22 0.22 0.22 0.22 0.25 0.26 0.22 0.22 0.25 0.26 0.24 0.22 0.21 0.15 0.15 0.15 0.15 0.14 0.14
NVIDIA Corp. 0.15 0.16 0.17 0.18 0.20 0.22 0.23 0.28 0.31 0.19 0.20 0.19 0.20 0.20 0.19 0.19 0.20 0.20 0.20 0.19 0.00 0.00 0.00
Qualcomm Inc. 0.48 0.48 0.48 0.50 0.36 0.36 0.36 0.33 0.34 0.21 0.22 0.22 0.23 0.24 0.22 0.22 0.21 0.02 0.00 0.00 0.00 0.00 0.00
Texas Instruments Inc. 0.32 0.33 0.33 0.30 0.27 0.27 0.23 0.23 0.21 0.22 0.21 0.22 0.22 0.23 0.26 0.25 0.25 0.28 0.27 0.26 0.26 0.26 0.30

Based on: 10-Q (filing date: 2019-08-22), 10-Q (filing date: 2019-05-23), 10-Q (filing date: 2019-02-21), 10-K (filing date: 2018-12-13), 10-Q (filing date: 2018-08-23), 10-Q (filing date: 2018-05-24), 10-Q (filing date: 2018-02-22), 10-K (filing date: 2017-12-15), 10-Q (filing date: 2017-08-24), 10-Q (filing date: 2017-05-25), 10-Q (filing date: 2017-02-23), 10-K (filing date: 2016-12-15), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-Q (filing date: 2016-02-25), 10-K (filing date: 2015-12-09), 10-Q (filing date: 2015-08-20), 10-Q (filing date: 2015-05-21), 10-Q (filing date: 2015-02-19), 10-K (filing date: 2014-12-17), 10-Q (filing date: 2014-08-21), 10-Q (filing date: 2014-05-22), 10-Q (filing date: 2014-02-20), 10-K (filing date: 2013-12-04), 10-Q (filing date: 2013-08-22), 10-Q (filing date: 2013-05-23), 10-Q (filing date: 2013-02-21).

1 Q3 2019 Calculation
Debt to assets = Total debt ÷ Total assets
= 5,312 ÷ 18,805 = 0.28

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.

Financial Leverage

Applied Materials Inc., financial leverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jul 28, 2019 Apr 28, 2019 Jan 27, 2019 Oct 28, 2018 Jul 29, 2018 Apr 29, 2018 Jan 28, 2018 Oct 29, 2017 Jul 30, 2017 Apr 30, 2017 Jan 29, 2017 Oct 30, 2016 Jul 31, 2016 May 1, 2016 Jan 31, 2016 Oct 25, 2015 Jul 26, 2015 Apr 26, 2015 Jan 25, 2015 Oct 26, 2014 Jul 27, 2014 Apr 27, 2014 Jan 26, 2014 Oct 27, 2013 Jul 28, 2013 Apr 28, 2013 Jan 27, 2013
Selected Financial Data (US$ in millions)
Total assets 18,805  18,775  18,922  17,773  17,883  18,498  19,663  19,419  19,078  18,240  15,244  14,588  13,699  13,075  13,326  15,308  13,153  13,587  13,073  13,174  12,851  12,555  12,199  12,043  11,751  11,695  11,714 
Stockholders’ equity 8,116  8,201  8,209  6,839  6,825  7,042  8,506  9,349  8,716  8,212  7,687  7,217  6,819  6,565  7,168  7,613  7,977  8,351  8,072  7,868  7,684  7,475  7,241  7,088  6,954  6,898  7,141 
Solvency Ratio
Financial leverage1 2.32 2.29 2.31 2.60 2.62 2.63 2.31 2.08 2.19 2.22 1.98 2.02 2.01 1.99 1.86 2.01 1.65 1.63 1.62 1.67 1.67 1.68 1.68 1.70 1.69 1.70 1.64
Benchmarks
Financial Leverage, Competitors2
Apple Inc. 3.34 3.23 3.17 3.41 3.04 2.90 2.90 2.80 2.61 2.49 2.50 2.51 2.42 2.34 2.29 2.43 2.17 2.02 2.12 2.08 1.84 1.71 1.74
Broadcom Inc. 3.24 3.20 3.10 1.88 1.83 1.71 2.11 2.68 2.52 2.57 2.61 2.64 2.55 2.61 2.10 2.25 2.33 2.59 2.95 3.23 3.31 1.16 1.16 1.18 1.18 1.16 1.15
Cisco Systems Inc. 2.64 2.51 2.40 2.52 2.44 2.53 1.99 1.96 1.93 1.98 1.99 1.91 1.90 1.85 1.86 1.90 1.81 1.82 1.83 1.86 1.83 1.76 1.71
Intel Corp. 1.80 1.74 1.76 1.72 1.79 1.80 1.83 1.79 1.79 1.78 1.73 1.71 1.78 1.79 1.72 1.69 1.73 1.57 1.63 1.65 1.62 1.55 1.58
NVIDIA Corp. 1.44 1.46 1.49 1.50 1.55 1.57 1.53 1.71 1.81 1.67 1.69 1.65 1.61 1.67 1.60 1.63 1.64 1.61 1.65 1.63 1.32 1.33 1.30
Qualcomm Inc. 6.25 8.80 9.47 35.22 2.69 2.69 2.69 2.13 2.06 1.79 1.68 1.65 1.66 1.69 1.66 1.62 1.58 1.25 1.25 1.24 1.25 1.25 1.25
Texas Instruments Inc. 2.00 2.05 2.05 1.91 1.77 1.74 1.65 1.71 1.54 1.54 1.50 1.57 1.58 1.58 1.60 1.63 1.66 1.72 1.67 1.71 1.71 1.70 1.78

Based on: 10-Q (filing date: 2019-08-22), 10-Q (filing date: 2019-05-23), 10-Q (filing date: 2019-02-21), 10-K (filing date: 2018-12-13), 10-Q (filing date: 2018-08-23), 10-Q (filing date: 2018-05-24), 10-Q (filing date: 2018-02-22), 10-K (filing date: 2017-12-15), 10-Q (filing date: 2017-08-24), 10-Q (filing date: 2017-05-25), 10-Q (filing date: 2017-02-23), 10-K (filing date: 2016-12-15), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-Q (filing date: 2016-02-25), 10-K (filing date: 2015-12-09), 10-Q (filing date: 2015-08-20), 10-Q (filing date: 2015-05-21), 10-Q (filing date: 2015-02-19), 10-K (filing date: 2014-12-17), 10-Q (filing date: 2014-08-21), 10-Q (filing date: 2014-05-22), 10-Q (filing date: 2014-02-20), 10-K (filing date: 2013-12-04), 10-Q (filing date: 2013-08-22), 10-Q (filing date: 2013-05-23), 10-Q (filing date: 2013-02-21).

1 Q3 2019 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 18,805 ÷ 8,116 = 2.32

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 declined from Q1 2019 to Q2 2019 but then increased from Q2 2019 to Q3 2019 exceeding Q1 2019 level.

Interest Coverage

Applied Materials Inc., interest coverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jul 28, 2019 Apr 28, 2019 Jan 27, 2019 Oct 28, 2018 Jul 29, 2018 Apr 29, 2018 Jan 28, 2018 Oct 29, 2017 Jul 30, 2017 Apr 30, 2017 Jan 29, 2017 Oct 30, 2016 Jul 31, 2016 May 1, 2016 Jan 31, 2016 Oct 25, 2015 Jul 26, 2015 Apr 26, 2015 Jan 25, 2015 Oct 26, 2014 Jul 27, 2014 Apr 27, 2014 Jan 26, 2014 Oct 27, 2013 Jul 28, 2013 Apr 28, 2013 Jan 27, 2013
Selected Financial Data (US$ in millions)
Net income (loss) 571  666  771  876  1,173  1,129  135  982  925  824  703  610  505  320  286  336  329  364  348  256  301  262  253  183  168  (129) 34 
Add: Income tax expense 211  93  117  122  66  166  1,027  92  53  84  68  130  59  75  28  61  46  25  89  142  69  103  62  11  60  39  (16)
Add: Interest expense 58  60  60  60  59  56  59  57  59  44  38  38  38  37  42  32  24  24  23  23  24  23  25  24  23  24  24 
Earnings before interest and tax (EBIT) 840  819  948  1,058  1,298  1,351  1,221  1,131  1,037  952  809  778  602  432  356  429  399  413  460  421  394  388  340  218  251  (66) 42 
Solvency Ratio
Interest coverage1 15.40 17.25 19.81 21.06 21.65 20.52 19.82 19.84 19.98 19.88 17.36 13.99 12.21 11.97 13.09 16.51 18.01 17.96 17.88 16.24 13.96 12.60 7.74 4.68
Benchmarks
Interest Coverage, Competitors2
Broadcom Inc. 3.36 4.52 6.10 8.24 7.29 6.49 5.47 5.02 4.21 1.96 -1.02 -0.89 -0.65 0.60 7.83 8.68 7.10 4.51 4.38 4.11 5.63 312.00 291.50 285.00
Cisco Systems Inc. 17.45 16.58 16.05 14.83 14.42 14.61 14.69 15.27 16.26 16.99 18.81 20.11 20.32 21.38 21.44 20.79 20.76 19.82 17.94 18.23
NVIDIA Corp. 79.85 76.71 67.18 53.39 45.41 40.49 36.48 33.84 29.10 23.49 18.28 16.81 16.06 15.45 17.36 17.36 17.38 20.79 28.80 49.86
Qualcomm Inc. 9.89 3.10 2.46 1.67 3.38 3.51 4.70 7.11 12.19 16.46 20.15 24.01 22.05 24.51 34.33 63.38 221.21 4,294.00 9,320.00
Texas Instruments Inc. 38.11 42.03 47.50 54.49 62.21 71.95 77.84 78.95 80.30 75.92 69.88 62.63 56.08 50.87 47.96 47.84 47.27 46.84 46.53 42.21

Based on: 10-Q (filing date: 2019-08-22), 10-Q (filing date: 2019-05-23), 10-Q (filing date: 2019-02-21), 10-K (filing date: 2018-12-13), 10-Q (filing date: 2018-08-23), 10-Q (filing date: 2018-05-24), 10-Q (filing date: 2018-02-22), 10-K (filing date: 2017-12-15), 10-Q (filing date: 2017-08-24), 10-Q (filing date: 2017-05-25), 10-Q (filing date: 2017-02-23), 10-K (filing date: 2016-12-15), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-Q (filing date: 2016-02-25), 10-K (filing date: 2015-12-09), 10-Q (filing date: 2015-08-20), 10-Q (filing date: 2015-05-21), 10-Q (filing date: 2015-02-19), 10-K (filing date: 2014-12-17), 10-Q (filing date: 2014-08-21), 10-Q (filing date: 2014-05-22), 10-Q (filing date: 2014-02-20), 10-K (filing date: 2013-12-04), 10-Q (filing date: 2013-08-22), 10-Q (filing date: 2013-05-23), 10-Q (filing date: 2013-02-21).

1 Q3 2019 Calculation
Interest coverage = (EBITQ3 2019 + EBITQ2 2019 + EBITQ1 2019 + EBITQ4 2018) ÷ (Interest expenseQ3 2019 + Interest expenseQ2 2019 + Interest expenseQ1 2019 + Interest expenseQ4 2018)
= (840 + 819 + 948 + 1,058) ÷ (58 + 60 + 60 + 60) = 15.40

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.