Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
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- Income Statement
- Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to FCFF (EV/FCFF)
- Operating Profit Margin since 2009
- Current Ratio since 2009
- Price to Book Value (P/BV) since 2009
- Price to Sales (P/S) since 2009
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Solvency Ratios (Summary)
Based on: 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30).
Solvency ratio | Description | The company |
---|---|---|
Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Broadcom Inc. debt to equity ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Broadcom Inc. debt to equity ratio (including operating lease liability) deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Broadcom Inc. debt to capital ratio deteriorated from 2019 to 2020 but then slightly improved 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. | Broadcom Inc. debt to capital ratio (including operating lease liability) deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Broadcom Inc. debt to assets ratio deteriorated from 2019 to 2020 but then slightly improved 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. | Broadcom Inc. debt to assets ratio (including operating lease liability) deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Broadcom Inc. financial leverage ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021. |
Solvency ratio | Description | The company |
---|---|---|
Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Broadcom Inc. interest coverage ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Broadcom Inc. fixed charge coverage ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Debt to Equity
Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | Nov 4, 2018 | Oct 29, 2017 | Oct 30, 2016 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||
Current portion of long-term debt | |||||||
Long-term debt, excluding current portion | |||||||
Total debt | |||||||
Total Broadcom Inc. stockholders’ equity | |||||||
Solvency Ratio | |||||||
Debt to equity1 | |||||||
Benchmarks | |||||||
Debt to Equity, Competitors2 | |||||||
Advanced Micro Devices Inc. | |||||||
Analog Devices Inc. | |||||||
Applied Materials Inc. | |||||||
Intel Corp. | |||||||
Lam Research Corp. | |||||||
Micron Technology Inc. | |||||||
NVIDIA Corp. | |||||||
Qualcomm Inc. | |||||||
Texas Instruments Inc. | |||||||
Debt to Equity, Sector | |||||||
Semiconductors & Semiconductor Equipment | |||||||
Debt to Equity, Industry | |||||||
Information Technology |
Based on: 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30).
1 2021 Calculation
Debt to equity = Total debt ÷ Total Broadcom Inc. 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. | Broadcom Inc. debt to equity ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Debt to Equity (including Operating Lease Liability)
Broadcom Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | Nov 4, 2018 | Oct 29, 2017 | Oct 30, 2016 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||
Current portion of long-term debt | |||||||
Long-term debt, excluding current portion | |||||||
Total debt | |||||||
Short-term lease liabilities, operating leases (classified in Other current liabilities) | |||||||
Long-term lease liabilities, operating leases (classified in Other long-term liabilities) | |||||||
Total debt (including operating lease liability) | |||||||
Total Broadcom Inc. stockholders’ equity | |||||||
Solvency Ratio | |||||||
Debt to equity (including operating lease liability)1 | |||||||
Benchmarks | |||||||
Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||
Advanced Micro Devices Inc. | |||||||
Analog Devices Inc. | |||||||
Applied Materials Inc. | |||||||
Intel Corp. | |||||||
Lam Research Corp. | |||||||
Micron Technology Inc. | |||||||
NVIDIA Corp. | |||||||
Qualcomm Inc. | |||||||
Texas Instruments Inc. | |||||||
Debt to Equity (including Operating Lease Liability), Sector | |||||||
Semiconductors & Semiconductor Equipment | |||||||
Debt to Equity (including Operating Lease Liability), Industry | |||||||
Information Technology |
Based on: 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30).
1 2021 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Broadcom Inc. stockholders’ equity
= ÷ =
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Broadcom Inc. debt to equity ratio (including operating lease liability) deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Debt to Capital
Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | Nov 4, 2018 | Oct 29, 2017 | Oct 30, 2016 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||
Current portion of long-term debt | |||||||
Long-term debt, excluding current portion | |||||||
Total debt | |||||||
Total Broadcom Inc. stockholders’ equity | |||||||
Total capital | |||||||
Solvency Ratio | |||||||
Debt to capital1 | |||||||
Benchmarks | |||||||
Debt to Capital, Competitors2 | |||||||
Advanced Micro Devices Inc. | |||||||
Analog Devices Inc. | |||||||
Applied Materials Inc. | |||||||
Intel Corp. | |||||||
Lam Research Corp. | |||||||
Micron Technology Inc. | |||||||
NVIDIA Corp. | |||||||
Qualcomm Inc. | |||||||
Texas Instruments Inc. | |||||||
Debt to Capital, Sector | |||||||
Semiconductors & Semiconductor Equipment | |||||||
Debt to Capital, Industry | |||||||
Information Technology |
Based on: 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30).
1 2021 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. | Broadcom Inc. debt to capital ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Debt to Capital (including Operating Lease Liability)
Broadcom Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | Nov 4, 2018 | Oct 29, 2017 | Oct 30, 2016 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||
Current portion of long-term debt | |||||||
Long-term debt, excluding current portion | |||||||
Total debt | |||||||
Short-term lease liabilities, operating leases (classified in Other current liabilities) | |||||||
Long-term lease liabilities, operating leases (classified in Other long-term liabilities) | |||||||
Total debt (including operating lease liability) | |||||||
Total Broadcom Inc. stockholders’ equity | |||||||
Total capital (including operating lease liability) | |||||||
Solvency Ratio | |||||||
Debt to capital (including operating lease liability)1 | |||||||
Benchmarks | |||||||
Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||
Advanced Micro Devices Inc. | |||||||
Analog Devices Inc. | |||||||
Applied Materials Inc. | |||||||
Intel Corp. | |||||||
Lam Research Corp. | |||||||
Micron Technology Inc. | |||||||
NVIDIA Corp. | |||||||
Qualcomm Inc. | |||||||
Texas Instruments Inc. | |||||||
Debt to Capital (including Operating Lease Liability), Sector | |||||||
Semiconductors & Semiconductor Equipment | |||||||
Debt to Capital (including Operating Lease Liability), Industry | |||||||
Information Technology |
Based on: 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30).
1 2021 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= ÷ =
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. | Broadcom Inc. debt to capital ratio (including operating lease liability) deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Debt to Assets
Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | Nov 4, 2018 | Oct 29, 2017 | Oct 30, 2016 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||
Current portion of long-term debt | |||||||
Long-term debt, excluding current portion | |||||||
Total debt | |||||||
Total assets | |||||||
Solvency Ratio | |||||||
Debt to assets1 | |||||||
Benchmarks | |||||||
Debt to Assets, Competitors2 | |||||||
Advanced Micro Devices Inc. | |||||||
Analog Devices Inc. | |||||||
Applied Materials Inc. | |||||||
Intel Corp. | |||||||
Lam Research Corp. | |||||||
Micron Technology Inc. | |||||||
NVIDIA Corp. | |||||||
Qualcomm Inc. | |||||||
Texas Instruments Inc. | |||||||
Debt to Assets, Sector | |||||||
Semiconductors & Semiconductor Equipment | |||||||
Debt to Assets, Industry | |||||||
Information Technology |
Based on: 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30).
1 2021 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. | Broadcom Inc. debt to assets ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Debt to Assets (including Operating Lease Liability)
Broadcom Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | Nov 4, 2018 | Oct 29, 2017 | Oct 30, 2016 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||
Current portion of long-term debt | |||||||
Long-term debt, excluding current portion | |||||||
Total debt | |||||||
Short-term lease liabilities, operating leases (classified in Other current liabilities) | |||||||
Long-term lease liabilities, operating leases (classified in Other long-term liabilities) | |||||||
Total debt (including operating lease liability) | |||||||
Total assets | |||||||
Solvency Ratio | |||||||
Debt to assets (including operating lease liability)1 | |||||||
Benchmarks | |||||||
Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||
Advanced Micro Devices Inc. | |||||||
Analog Devices Inc. | |||||||
Applied Materials Inc. | |||||||
Intel Corp. | |||||||
Lam Research Corp. | |||||||
Micron Technology Inc. | |||||||
NVIDIA Corp. | |||||||
Qualcomm Inc. | |||||||
Texas Instruments Inc. | |||||||
Debt to Assets (including Operating Lease Liability), Sector | |||||||
Semiconductors & Semiconductor Equipment | |||||||
Debt to Assets (including Operating Lease Liability), Industry | |||||||
Information Technology |
Based on: 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30).
1 2021 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= ÷ =
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. | Broadcom Inc. debt to assets ratio (including operating lease liability) deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Financial Leverage
Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | Nov 4, 2018 | Oct 29, 2017 | Oct 30, 2016 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||
Total assets | |||||||
Total Broadcom Inc. stockholders’ equity | |||||||
Solvency Ratio | |||||||
Financial leverage1 | |||||||
Benchmarks | |||||||
Financial Leverage, Competitors2 | |||||||
Advanced Micro Devices Inc. | |||||||
Analog Devices Inc. | |||||||
Applied Materials Inc. | |||||||
Intel Corp. | |||||||
Lam Research Corp. | |||||||
Micron Technology Inc. | |||||||
NVIDIA Corp. | |||||||
Qualcomm Inc. | |||||||
Texas Instruments Inc. | |||||||
Financial Leverage, Sector | |||||||
Semiconductors & Semiconductor Equipment | |||||||
Financial Leverage, Industry | |||||||
Information Technology |
Based on: 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30).
1 2021 Calculation
Financial leverage = Total assets ÷ Total Broadcom Inc. 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. | Broadcom Inc. financial leverage ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021. |
Interest Coverage
Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | Nov 4, 2018 | Oct 29, 2017 | Oct 30, 2016 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||
Net income (loss) attributable to Broadcom Inc. stockholders | |||||||
Add: Net income attributable to noncontrolling interest | |||||||
Less: Loss from discontinued operations, net of income taxes | |||||||
Add: Income tax expense | |||||||
Add: Interest expense | |||||||
Earnings before interest and tax (EBIT) | |||||||
Solvency Ratio | |||||||
Interest coverage1 | |||||||
Benchmarks | |||||||
Interest Coverage, Competitors2 | |||||||
Advanced Micro Devices Inc. | |||||||
Analog Devices Inc. | |||||||
Applied Materials Inc. | |||||||
Intel Corp. | |||||||
Lam Research Corp. | |||||||
Micron Technology Inc. | |||||||
NVIDIA Corp. | |||||||
Qualcomm Inc. | |||||||
Texas Instruments Inc. | |||||||
Interest Coverage, Sector | |||||||
Semiconductors & Semiconductor Equipment | |||||||
Interest Coverage, Industry | |||||||
Information Technology |
Based on: 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30).
1 2021 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. | Broadcom Inc. interest coverage ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Fixed Charge Coverage
Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | Nov 4, 2018 | Oct 29, 2017 | Oct 30, 2016 | ||
---|---|---|---|---|---|---|---|
Statutory tax rate | |||||||
Selected Financial Data (US$ in millions) | |||||||
Net income (loss) attributable to Broadcom Inc. stockholders | |||||||
Add: Net income attributable to noncontrolling interest | |||||||
Less: Loss from discontinued operations, net of income taxes | |||||||
Add: Income tax expense | |||||||
Add: Interest expense | |||||||
Earnings before interest and tax (EBIT) | |||||||
Add: Operating lease expense | |||||||
Earnings before fixed charges and tax | |||||||
Interest expense | |||||||
Operating lease expense | |||||||
Dividends on preferred stock | |||||||
Dividends on preferred stock, tax adjustment1 | |||||||
Dividends on preferred stock, after tax adjustment | |||||||
Fixed charges | |||||||
Solvency Ratio | |||||||
Fixed charge coverage2 | |||||||
Benchmarks | |||||||
Fixed Charge Coverage, Competitors3 | |||||||
Advanced Micro Devices Inc. | |||||||
Analog Devices Inc. | |||||||
Applied Materials Inc. | |||||||
Intel Corp. | |||||||
Lam Research Corp. | |||||||
Micron Technology Inc. | |||||||
NVIDIA Corp. | |||||||
Qualcomm Inc. | |||||||
Texas Instruments Inc. | |||||||
Fixed Charge Coverage, Sector | |||||||
Semiconductors & Semiconductor Equipment | |||||||
Fixed Charge Coverage, Industry | |||||||
Information Technology |
Based on: 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30).
1 2021 Calculation
Dividends on preferred stock, tax adjustment = (Dividends on preferred stock × Statutory tax rate) ÷ (1 − Statutory tax rate)
= ( × ) ÷ (1 − ) =
2 2021 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= ÷ =
3 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. | Broadcom Inc. fixed charge coverage ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |