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)
Autodesk Inc., solvency ratios
Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Autodesk Inc. debt to capital ratio improved from 2019 to 2020 and from 2020 to 2021. |
| 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. | Autodesk Inc. debt to capital ratio (including operating lease liability) improved from 2019 to 2020 and from 2020 to 2021. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Autodesk Inc. debt to assets ratio improved from 2019 to 2020 and from 2020 to 2021. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Autodesk Inc. debt to assets ratio (including operating lease liability) improved from 2019 to 2020 and from 2020 to 2021. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Autodesk Inc. interest coverage ratio improved from 2019 to 2020 and from 2020 to 2021. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Autodesk Inc. fixed charge coverage ratio improved from 2019 to 2020 and from 2020 to 2021. |
Debt to Equity
Autodesk Inc., debt to equity calculation, comparison to benchmarks
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term notes payable, net | — | 449,700 | — | — | 398,700 | — | |
| Long-term notes payable, net, excluding current portion | 1,637,200 | 1,635,100 | 2,087,700 | 1,586,000 | 1,092,000 | 1,487,700 | |
| Total debt | 1,637,200 | 2,084,800 | 2,087,700 | 1,586,000 | 1,490,700 | 1,487,700 | |
| Stockholders’ equity (deficit) | 965,500 | (139,100) | (210,900) | (256,000) | 733,600 | 1,619,600 | |
| Solvency Ratio | |||||||
| Debt to equity1 | 1.70 | — | — | — | 2.03 | 0.92 | |
| Benchmarks | |||||||
| Debt to Equity, Competitors2 | |||||||
| Accenture PLC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Adobe Inc. | 0.28 | 0.31 | 0.39 | 0.44 | 0.22 | 0.26 | |
| International Business Machines Corp. | 2.74 | 2.99 | 3.02 | 2.73 | 2.66 | — | |
| Intuit Inc. | 0.21 | 0.66 | 0.12 | 0.19 | 0.36 | — | |
| Mastercard Inc. | 1.90 | 1.98 | 1.45 | 1.17 | 0.99 | — | |
| Microsoft Corp. | 0.50 | 0.62 | 0.77 | 0.97 | 1.23 | — | |
| Oracle Corp. | 16.08 | 5.93 | 2.58 | 1.33 | 1.08 | — | |
| PayPal Holdings Inc. | 0.42 | 0.45 | 0.29 | 0.13 | 0.06 | — | |
| Salesforce Inc. | 0.07 | 0.09 | 0.22 | 0.21 | 0.32 | — | |
| ServiceNow Inc. | 0.43 | 0.58 | 0.33 | 0.60 | 2.01 | — | |
| Visa Inc. | 0.56 | 0.66 | 0.48 | 0.49 | 0.56 | 0.48 | |
| Debt to Equity, Sector | |||||||
| Software & Services | 0.81 | 0.92 | 0.95 | 0.94 | 1.00 | — | |
| Debt to Equity, Industry | |||||||
| Information Technology | 0.77 | 0.87 | 0.84 | 0.79 | 0.78 | — | |
Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31).
1 2021 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity (deficit)
= 1,637,200 ÷ 965,500 = 1.70
2 Click competitor name to see calculations.
Debt to Equity (including Operating Lease Liability)
Autodesk Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term notes payable, net | — | 449,700 | — | — | 398,700 | — | |
| Long-term notes payable, net, excluding current portion | 1,637,200 | 1,635,100 | 2,087,700 | 1,586,000 | 1,092,000 | 1,487,700 | |
| Total debt | 1,637,200 | 2,084,800 | 2,087,700 | 1,586,000 | 1,490,700 | 1,487,700 | |
| Current operating lease liabilities | 71,400 | 48,100 | — | — | — | — | |
| Long-term operating lease liabilities | 396,000 | 411,700 | — | — | — | — | |
| Total debt (including operating lease liability) | 2,104,600 | 2,544,600 | 2,087,700 | 1,586,000 | 1,490,700 | 1,487,700 | |
| Stockholders’ equity (deficit) | 965,500 | (139,100) | (210,900) | (256,000) | 733,600 | 1,619,600 | |
| Solvency Ratio | |||||||
| Debt to equity (including operating lease liability)1 | 2.18 | — | — | — | 2.03 | 0.92 | |
| Benchmarks | |||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||
| Accenture PLC | 0.18 | 0.21 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Adobe Inc. | 0.32 | 0.35 | 0.39 | 0.44 | 0.22 | 0.26 | |
| International Business Machines Corp. | 2.92 | 3.23 | 3.27 | 2.73 | 2.66 | — | |
| Intuit Inc. | 0.25 | 0.71 | 0.12 | 0.19 | 0.36 | — | |
| Mastercard Inc. | 2.01 | 2.12 | 1.58 | 1.17 | 0.99 | — | |
| Microsoft Corp. | 0.58 | 0.69 | 0.84 | 1.06 | 1.23 | — | |
| Oracle Corp. | 16.61 | 6.10 | 2.58 | 1.33 | 1.08 | — | |
| PayPal Holdings Inc. | 0.45 | 0.49 | 0.32 | 0.13 | 0.06 | — | |
| Salesforce Inc. | 0.15 | 0.18 | 0.22 | 0.21 | 0.32 | — | |
| ServiceNow Inc. | 0.60 | 0.75 | 0.53 | 0.60 | 2.01 | — | |
| Visa Inc. | 0.57 | 0.68 | 0.48 | 0.49 | 0.56 | 0.48 | |
| Debt to Equity (including Operating Lease Liability), Sector | |||||||
| Software & Services | 0.90 | 1.02 | 1.01 | 0.97 | 1.00 | — | |
| Debt to Equity (including Operating Lease Liability), Industry | |||||||
| Information Technology | 0.83 | 0.93 | 0.87 | 0.80 | 0.78 | — | |
Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31).
1 2021 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity (deficit)
= 2,104,600 ÷ 965,500 = 2.18
2 Click competitor name to see calculations.
Debt to Capital
Autodesk Inc., debt to capital calculation, comparison to benchmarks
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term notes payable, net | — | 449,700 | — | — | 398,700 | — | |
| Long-term notes payable, net, excluding current portion | 1,637,200 | 1,635,100 | 2,087,700 | 1,586,000 | 1,092,000 | 1,487,700 | |
| Total debt | 1,637,200 | 2,084,800 | 2,087,700 | 1,586,000 | 1,490,700 | 1,487,700 | |
| Stockholders’ equity (deficit) | 965,500 | (139,100) | (210,900) | (256,000) | 733,600 | 1,619,600 | |
| Total capital | 2,602,700 | 1,945,700 | 1,876,800 | 1,330,000 | 2,224,300 | 3,107,300 | |
| Solvency Ratio | |||||||
| Debt to capital1 | 0.63 | 1.07 | 1.11 | 1.19 | 0.67 | 0.48 | |
| Benchmarks | |||||||
| Debt to Capital, Competitors2 | |||||||
| Accenture PLC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Adobe Inc. | 0.22 | 0.24 | 0.28 | 0.31 | 0.18 | 0.20 | |
| International Business Machines Corp. | 0.73 | 0.75 | 0.75 | 0.73 | 0.73 | — | |
| Intuit Inc. | 0.17 | 0.40 | 0.10 | 0.16 | 0.26 | — | |
| Mastercard Inc. | 0.66 | 0.66 | 0.59 | 0.54 | 0.50 | — | |
| Microsoft Corp. | 0.33 | 0.38 | 0.43 | 0.49 | 0.55 | — | |
| Oracle Corp. | 0.94 | 0.86 | 0.72 | 0.57 | 0.52 | — | |
| PayPal Holdings Inc. | 0.29 | 0.31 | 0.23 | 0.11 | 0.06 | — | |
| Salesforce Inc. | 0.06 | 0.08 | 0.18 | 0.18 | 0.24 | — | |
| ServiceNow Inc. | 0.30 | 0.37 | 0.25 | 0.37 | 0.67 | — | |
| Visa Inc. | 0.36 | 0.40 | 0.33 | 0.33 | 0.36 | 0.33 | |
| Debt to Capital, Sector | |||||||
| Software & Services | 0.45 | 0.48 | 0.49 | 0.49 | 0.50 | — | |
| Debt to Capital, Industry | |||||||
| Information Technology | 0.43 | 0.46 | 0.46 | 0.44 | 0.44 | — | |
Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31).
1 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= 1,637,200 ÷ 2,602,700 = 0.63
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. | Autodesk Inc. debt to capital ratio improved from 2019 to 2020 and from 2020 to 2021. |
Debt to Capital (including Operating Lease Liability)
Autodesk Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term notes payable, net | — | 449,700 | — | — | 398,700 | — | |
| Long-term notes payable, net, excluding current portion | 1,637,200 | 1,635,100 | 2,087,700 | 1,586,000 | 1,092,000 | 1,487,700 | |
| Total debt | 1,637,200 | 2,084,800 | 2,087,700 | 1,586,000 | 1,490,700 | 1,487,700 | |
| Current operating lease liabilities | 71,400 | 48,100 | — | — | — | — | |
| Long-term operating lease liabilities | 396,000 | 411,700 | — | — | — | — | |
| Total debt (including operating lease liability) | 2,104,600 | 2,544,600 | 2,087,700 | 1,586,000 | 1,490,700 | 1,487,700 | |
| Stockholders’ equity (deficit) | 965,500 | (139,100) | (210,900) | (256,000) | 733,600 | 1,619,600 | |
| Total capital (including operating lease liability) | 3,070,100 | 2,405,500 | 1,876,800 | 1,330,000 | 2,224,300 | 3,107,300 | |
| Solvency Ratio | |||||||
| Debt to capital (including operating lease liability)1 | 0.69 | 1.06 | 1.11 | 1.19 | 0.67 | 0.48 | |
| Benchmarks | |||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||
| Accenture PLC | 0.15 | 0.17 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Adobe Inc. | 0.24 | 0.26 | 0.28 | 0.31 | 0.18 | 0.20 | |
| International Business Machines Corp. | 0.74 | 0.76 | 0.77 | 0.73 | 0.73 | — | |
| Intuit Inc. | 0.20 | 0.42 | 0.10 | 0.16 | 0.26 | — | |
| Mastercard Inc. | 0.67 | 0.68 | 0.61 | 0.54 | 0.50 | — | |
| Microsoft Corp. | 0.37 | 0.41 | 0.46 | 0.51 | 0.55 | — | |
| Oracle Corp. | 0.94 | 0.86 | 0.72 | 0.57 | 0.52 | — | |
| PayPal Holdings Inc. | 0.31 | 0.33 | 0.24 | 0.11 | 0.06 | — | |
| Salesforce Inc. | 0.13 | 0.16 | 0.18 | 0.18 | 0.24 | — | |
| ServiceNow Inc. | 0.37 | 0.43 | 0.35 | 0.37 | 0.67 | — | |
| Visa Inc. | 0.36 | 0.40 | 0.33 | 0.33 | 0.36 | 0.33 | |
| Debt to Capital (including Operating Lease Liability), Sector | |||||||
| Software & Services | 0.47 | 0.50 | 0.50 | 0.49 | 0.50 | — | |
| Debt to Capital (including Operating Lease Liability), Industry | |||||||
| Information Technology | 0.45 | 0.48 | 0.47 | 0.45 | 0.44 | — | |
Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31).
1 2021 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 2,104,600 ÷ 3,070,100 = 0.69
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. | Autodesk Inc. debt to capital ratio (including operating lease liability) improved from 2019 to 2020 and from 2020 to 2021. |
Debt to Assets
Autodesk Inc., debt to assets calculation, comparison to benchmarks
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term notes payable, net | — | 449,700 | — | — | 398,700 | — | |
| Long-term notes payable, net, excluding current portion | 1,637,200 | 1,635,100 | 2,087,700 | 1,586,000 | 1,092,000 | 1,487,700 | |
| Total debt | 1,637,200 | 2,084,800 | 2,087,700 | 1,586,000 | 1,490,700 | 1,487,700 | |
| Total assets | 7,279,800 | 6,179,300 | 4,729,200 | 4,113,600 | 4,798,100 | 5,515,300 | |
| Solvency Ratio | |||||||
| Debt to assets1 | 0.22 | 0.34 | 0.44 | 0.39 | 0.31 | 0.27 | |
| Benchmarks | |||||||
| Debt to Assets, Competitors2 | |||||||
| Accenture PLC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Adobe Inc. | 0.15 | 0.17 | 0.20 | 0.22 | 0.13 | 0.15 | |
| International Business Machines Corp. | 0.39 | 0.39 | 0.41 | 0.37 | 0.37 | — | |
| Intuit Inc. | 0.13 | 0.31 | 0.07 | 0.08 | 0.12 | — | |
| Mastercard Inc. | 0.37 | 0.38 | 0.29 | 0.25 | 0.25 | — | |
| Microsoft Corp. | 0.21 | 0.24 | 0.27 | 0.31 | 0.37 | — | |
| Oracle Corp. | 0.64 | 0.62 | 0.52 | 0.44 | 0.43 | — | |
| PayPal Holdings Inc. | 0.12 | 0.13 | 0.10 | 0.05 | 0.02 | — | |
| Salesforce Inc. | 0.04 | 0.06 | 0.11 | 0.10 | 0.14 | — | |
| ServiceNow Inc. | 0.15 | 0.19 | 0.12 | 0.17 | 0.35 | — | |
| Visa Inc. | 0.25 | 0.30 | 0.23 | 0.24 | 0.27 | 0.25 | |
| Debt to Assets, Sector | |||||||
| Software & Services | 0.27 | 0.30 | 0.30 | 0.30 | 0.32 | — | |
| Debt to Assets, Industry | |||||||
| Information Technology | 0.28 | 0.30 | 0.30 | 0.29 | 0.30 | — | |
Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31).
1 2021 Calculation
Debt to assets = Total debt ÷ Total assets
= 1,637,200 ÷ 7,279,800 = 0.22
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. | Autodesk Inc. debt to assets ratio improved from 2019 to 2020 and from 2020 to 2021. |
Debt to Assets (including Operating Lease Liability)
Autodesk Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term notes payable, net | — | 449,700 | — | — | 398,700 | — | |
| Long-term notes payable, net, excluding current portion | 1,637,200 | 1,635,100 | 2,087,700 | 1,586,000 | 1,092,000 | 1,487,700 | |
| Total debt | 1,637,200 | 2,084,800 | 2,087,700 | 1,586,000 | 1,490,700 | 1,487,700 | |
| Current operating lease liabilities | 71,400 | 48,100 | — | — | — | — | |
| Long-term operating lease liabilities | 396,000 | 411,700 | — | — | — | — | |
| Total debt (including operating lease liability) | 2,104,600 | 2,544,600 | 2,087,700 | 1,586,000 | 1,490,700 | 1,487,700 | |
| Total assets | 7,279,800 | 6,179,300 | 4,729,200 | 4,113,600 | 4,798,100 | 5,515,300 | |
| Solvency Ratio | |||||||
| Debt to assets (including operating lease liability)1 | 0.29 | 0.41 | 0.44 | 0.39 | 0.31 | 0.27 | |
| Benchmarks | |||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||
| Accenture PLC | 0.08 | 0.09 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Adobe Inc. | 0.17 | 0.19 | 0.20 | 0.22 | 0.13 | 0.15 | |
| International Business Machines Corp. | 0.42 | 0.43 | 0.45 | 0.37 | 0.37 | — | |
| Intuit Inc. | 0.16 | 0.33 | 0.07 | 0.08 | 0.12 | — | |
| Mastercard Inc. | 0.39 | 0.40 | 0.32 | 0.25 | 0.25 | — | |
| Microsoft Corp. | 0.25 | 0.27 | 0.30 | 0.34 | 0.37 | — | |
| Oracle Corp. | 0.66 | 0.64 | 0.52 | 0.44 | 0.43 | — | |
| PayPal Holdings Inc. | 0.13 | 0.14 | 0.11 | 0.05 | 0.02 | — | |
| Salesforce Inc. | 0.10 | 0.11 | 0.11 | 0.10 | 0.14 | — | |
| ServiceNow Inc. | 0.21 | 0.24 | 0.19 | 0.17 | 0.35 | — | |
| Visa Inc. | 0.26 | 0.30 | 0.23 | 0.24 | 0.27 | 0.25 | |
| Debt to Assets (including Operating Lease Liability), Sector | |||||||
| Software & Services | 0.30 | 0.32 | 0.32 | 0.31 | 0.32 | — | |
| Debt to Assets (including Operating Lease Liability), Industry | |||||||
| Information Technology | 0.30 | 0.32 | 0.31 | 0.29 | 0.30 | — | |
Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31).
1 2021 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 2,104,600 ÷ 7,279,800 = 0.29
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. | Autodesk Inc. debt to assets ratio (including operating lease liability) improved from 2019 to 2020 and from 2020 to 2021. |
Financial Leverage
Autodesk Inc., financial leverage calculation, comparison to benchmarks
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Total assets | 7,279,800 | 6,179,300 | 4,729,200 | 4,113,600 | 4,798,100 | 5,515,300 | |
| Stockholders’ equity (deficit) | 965,500 | (139,100) | (210,900) | (256,000) | 733,600 | 1,619,600 | |
| Solvency Ratio | |||||||
| Financial leverage1 | 7.54 | — | — | — | 6.54 | 3.41 | |
| Benchmarks | |||||||
| Financial Leverage, Competitors2 | |||||||
| Accenture PLC | 2.21 | 2.18 | 2.07 | 2.36 | 2.54 | 2.73 | |
| Adobe Inc. | 1.84 | 1.83 | 1.97 | 2.00 | 1.72 | 1.71 | |
| International Business Machines Corp. | 6.98 | 7.57 | 7.30 | 7.35 | 7.12 | — | |
| Intuit Inc. | 1.57 | 2.14 | 1.68 | 2.20 | 3.00 | — | |
| Mastercard Inc. | 5.15 | 5.25 | 4.96 | 4.61 | 3.90 | — | |
| Microsoft Corp. | 2.35 | 2.55 | 2.80 | 3.13 | 3.33 | — | |
| Oracle Corp. | 25.03 | 9.56 | 4.99 | 3.00 | 2.51 | — | |
| PayPal Holdings Inc. | 3.49 | 3.52 | 3.04 | 2.82 | 2.55 | — | |
| Salesforce Inc. | 1.60 | 1.63 | 1.97 | 2.24 | 2.34 | — | |
| ServiceNow Inc. | 2.92 | 3.07 | 2.83 | 3.49 | 5.82 | — | |
| Visa Inc. | 2.21 | 2.23 | 2.09 | 2.04 | 2.08 | 1.95 | |
| Financial Leverage, Sector | |||||||
| Software & Services | 2.97 | 3.13 | 3.19 | 3.14 | 3.08 | — | |
| Financial Leverage, Industry | |||||||
| Information Technology | 2.74 | 2.90 | 2.84 | 2.73 | 2.55 | — | |
Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31).
1 2021 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity (deficit)
= 7,279,800 ÷ 965,500 = 7.54
2 Click competitor name to see calculations.
Interest Coverage
Autodesk Inc., interest coverage calculation, comparison to benchmarks
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income (loss) | 1,208,200 | 214,500 | (80,800) | (566,900) | (582,100) | (330,500) | |
| Add: Income tax expense | (661,500) | 80,300 | 38,100 | 9,600 | 58,300 | 310,200 | |
| Add: Interest and investment expense, net | 51,100 | 54,000 | 52,100 | 34,500 | 29,700 | 33,900 | |
| Earnings before interest and tax (EBIT) | 597,800 | 348,800 | 9,400 | (522,800) | (494,100) | 13,600 | |
| Solvency Ratio | |||||||
| Interest coverage1 | 11.70 | 6.46 | 0.18 | -15.15 | -16.64 | 0.40 | |
| Benchmarks | |||||||
| Interest Coverage, Competitors2 | |||||||
| Accenture PLC | 131.46 | 205.84 | 273.26 | 298.26 | 297.95 | 345.67 | |
| Adobe Inc. | 51.49 | 37.00 | 21.38 | 32.31 | 29.73 | 21.37 | |
| International Business Machines Corp. | 5.20 | 4.62 | 8.58 | 16.71 | 19.56 | — | |
| Intuit Inc. | 89.14 | 158.00 | 126.40 | 76.15 | 45.10 | — | |
| Mastercard Inc. | 24.91 | 21.42 | 44.44 | 39.73 | 43.35 | — | |
| Microsoft Corp. | 31.31 | 21.47 | 17.27 | 14.35 | 11.42 | — | |
| Oracle Corp. | 6.28 | 7.13 | 6.97 | 7.43 | 7.47 | — | |
| PayPal Holdings Inc. | 18.67 | 25.23 | 27.07 | 31.86 | 315.29 | — | |
| Salesforce Inc. | 21.33 | 6.39 | 7.38 | 3.32 | 1.29 | — | |
| ServiceNow Inc. | 9.89 | 5.56 | 3.02 | 0.26 | -1.79 | — | |
| Visa Inc. | 32.31 | 27.72 | 28.92 | 21.92 | 21.77 | 19.76 | |
| Interest Coverage, Sector | |||||||
| Software & Services | 19.39 | 16.13 | 15.43 | 15.12 | 14.27 | — | |
| Interest Coverage, Industry | |||||||
| Information Technology | 22.94 | 16.90 | 16.33 | 18.06 | 17.04 | — | |
Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31).
1 2021 Calculation
Interest coverage = EBIT ÷ Interest expense
= 597,800 ÷ 51,100 = 11.70
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. | Autodesk Inc. interest coverage ratio improved from 2019 to 2020 and from 2020 to 2021. |
Fixed Charge Coverage
Autodesk Inc., fixed charge coverage calculation, comparison to benchmarks
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income (loss) | 1,208,200 | 214,500 | (80,800) | (566,900) | (582,100) | (330,500) | |
| Add: Income tax expense | (661,500) | 80,300 | 38,100 | 9,600 | 58,300 | 310,200 | |
| Add: Interest and investment expense, net | 51,100 | 54,000 | 52,100 | 34,500 | 29,700 | 33,900 | |
| Earnings before interest and tax (EBIT) | 597,800 | 348,800 | 9,400 | (522,800) | (494,100) | 13,600 | |
| Add: Operating lease cost | 101,400 | 86,800 | 60,700 | 55,900 | 65,300 | 58,700 | |
| Earnings before fixed charges and tax | 699,200 | 435,600 | 70,100 | (466,900) | (428,800) | 72,300 | |
| Interest and investment expense, net | 51,100 | 54,000 | 52,100 | 34,500 | 29,700 | 33,900 | |
| Operating lease cost | 101,400 | 86,800 | 60,700 | 55,900 | 65,300 | 58,700 | |
| Fixed charges | 152,500 | 140,800 | 112,800 | 90,400 | 95,000 | 92,600 | |
| Solvency Ratio | |||||||
| Fixed charge coverage1 | 4.58 | 3.09 | 0.62 | -5.16 | -4.51 | 0.78 | |
| Benchmarks | |||||||
| Fixed Charge Coverage, Competitors2 | |||||||
| Accenture PLC | 10.41 | 9.66 | 10.07 | 9.63 | 8.30 | 10.43 | |
| Adobe Inc. | 25.59 | 18.77 | 10.78 | 13.34 | 12.26 | 9.79 | |
| International Business Machines Corp. | 3.13 | 2.62 | 4.41 | 5.26 | 5.69 | — | |
| Intuit Inc. | 25.58 | 27.48 | 34.00 | 26.91 | 22.03 | — | |
| Mastercard Inc. | 19.64 | 16.43 | 31.13 | 25.01 | 26.78 | — | |
| Microsoft Corp. | 16.90 | 12.44 | 10.94 | 9.45 | 7.57 | — | |
| Oracle Corp. | 5.17 | 5.68 | 5.50 | 6.38 | 6.39 | — | |
| PayPal Holdings Inc. | 11.20 | 14.51 | 12.94 | 14.89 | 29.95 | — | |
| Salesforce Inc. | 2.92 | 1.68 | 2.89 | 1.54 | 1.08 | — | |
| ServiceNow Inc. | 2.95 | 2.29 | 1.69 | 0.61 | -0.55 | — | |
| Visa Inc. | 26.74 | 22.89 | 19.17 | 16.32 | 17.20 | 15.28 | |
| Fixed Charge Coverage, Sector | |||||||
| Software & Services | 10.81 | 8.96 | 9.04 | 8.70 | 8.13 | — | |
| Fixed Charge Coverage, Industry | |||||||
| Information Technology | 13.86 | 10.56 | 10.88 | 11.82 | 11.02 | — | |
Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31).
1 2021 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 699,200 ÷ 152,500 = 4.58
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. | Autodesk Inc. fixed charge coverage ratio improved from 2019 to 2020 and from 2020 to 2021. |