Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company’s ability to meet long-term obligations.
Solvency Ratios (Summary)
Broadcom Inc., solvency ratios (quarterly data)
Based on: 10-Q (filing date: 2021-03-12), 10-K (filing date: 2020-12-18), 10-Q (filing date: 2020-09-11), 10-Q (filing date: 2020-06-12), 10-Q (filing date: 2020-03-13), 10-K (filing date: 2019-12-20), 10-Q (filing date: 2019-09-13), 10-Q (filing date: 2019-06-14), 10-Q (filing date: 2019-03-15), 10-K (filing date: 2018-12-21), 10-Q (filing date: 2018-09-13), 10-Q (filing date: 2018-06-14), 10-Q (filing date: 2018-03-15), 10-K (filing date: 2017-12-21), 10-Q (filing date: 2017-09-07), 10-Q (filing date: 2017-06-08), 10-Q (filing date: 2017-03-09), 10-K (filing date: 2016-12-23), 10-Q (filing date: 2016-09-08), 10-Q (filing date: 2016-06-09), 10-Q (filing date: 2016-03-10), 10-K (filing date: 2015-12-17), 10-Q (filing date: 2015-09-10), 10-Q (filing date: 2015-06-10), 10-Q (filing date: 2015-03-11).
Solvency ratio | Description | The company |
---|---|---|
Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Broadcom Inc.’s debt to equity ratio improved from Q3 2020 to Q4 2020 but then slightly deteriorated from Q4 2020 to Q1 2021. |
Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Broadcom Inc.’s debt to capital ratio improved from Q3 2020 to Q4 2020 but then slightly deteriorated from Q4 2020 to Q1 2021. |
Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Broadcom Inc.’s debt to assets ratio improved from Q3 2020 to Q4 2020 but then slightly deteriorated from Q4 2020 to Q1 2021. |
Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Broadcom Inc.’s financial leverage ratio decreased from Q3 2020 to Q4 2020 but then slightly increased from Q4 2020 to Q1 2021. |
Solvency ratio | Description | The company |
---|---|---|
Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Broadcom Inc.’s interest coverage ratio improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021. |
Debt to Equity
Broadcom Inc., debt to equity calculation (quarterly data)
Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | Feb 3, 2019 | Nov 4, 2018 | Aug 5, 2018 | May 6, 2018 | Feb 4, 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 | Nov 1, 2015 | Aug 2, 2015 | May 3, 2015 | Feb 1, 2015 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
Current portion of long-term debt | 864 | 827 | 822 | 819 | 2,311 | 2,787 | 3,537 | 3,537 | 3,537 | — | 117 | 117 | 117 | 117 | — | — | — | 454 | 334 | 344 | 46 | 46 | 46 | 46 | 46 | ||||||||
Convertible notes payable to related party, non-current | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 926 | 923 | ||||||||
Long-term debt, excluding current portion | 41,068 | 40,235 | 43,201 | 45,044 | 42,407 | 30,011 | 34,028 | 34,011 | 34,104 | 17,493 | 17,487 | 17,481 | 17,475 | 17,431 | 13,572 | 13,567 | 13,562 | 13,188 | 13,381 | 14,664 | 3,892 | 3,903 | 3,915 | 3,926 | 4,531 | ||||||||
Total debt | 41,932 | 41,062 | 44,023 | 45,863 | 44,718 | 32,798 | 37,565 | 37,548 | 37,641 | 17,493 | 17,604 | 17,598 | 17,592 | 17,548 | 13,572 | 13,567 | 13,562 | 13,642 | 13,715 | 15,008 | 3,938 | 3,949 | 3,961 | 4,898 | 5,500 | ||||||||
Total Broadcom Inc. stockholders’ equity | 23,973 | 23,874 | 23,557 | 23,942 | 24,368 | 24,941 | 21,503 | 22,172 | 23,224 | 26,657 | 27,452 | 32,067 | 25,901 | 20,285 | 19,802 | 19,425 | 19,033 | 18,892 | 19,473 | 19,702 | 5,121 | 4,714 | 4,281 | 4,061 | 3,628 | ||||||||
Solvency Ratio | |||||||||||||||||||||||||||||||||
Debt to equity1 | 1.75 | 1.72 | 1.87 | 1.92 | 1.84 | 1.32 | 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 | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||
Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||||||
Advanced Micro Devices Inc. | — | 0.06 | 0.10 | 0.21 | 0.16 | 0.17 | 0.40 | 0.54 | 0.61 | 0.99 | 1.16 | 1.58 | 1.94 | 2.28 | 2.74 | 3.40 | 3.44 | 3.45 | 4.24 | — | — | — | — | — | — | ||||||||
Analog Devices Inc. | 0.43 | 0.43 | 0.47 | 0.48 | 0.47 | 0.47 | 0.48 | 0.51 | 0.54 | 0.58 | 0.60 | 0.66 | 0.72 | 0.77 | 0.83 | 1.29 | 0.72 | 0.34 | 0.35 | 0.36 | 0.35 | 0.17 | 0.17 | 0.18 | 0.18 | ||||||||
Apple Inc. | 1.69 | 1.72 | 1.56 | 1.40 | 1.21 | 1.19 | 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 | ||||||||
Applied Materials Inc. | 0.47 | 0.52 | 0.57 | 0.76 | 0.61 | 0.65 | 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 | ||||||||
Cisco Systems Inc. | 0.38 | 0.38 | 0.45 | 0.45 | 0.54 | 0.73 | 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 | ||||||||
Intel Corp. | — | 0.45 | 0.49 | 0.47 | 0.52 | 0.37 | 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 | — | — | — | — | ||||||||
Lam Research Corp. | 1.08 | 1.12 | 1.12 | 1.01 | 0.90 | 0.96 | 0.90 | 0.35 | 0.44 | 0.37 | 0.47 | 0.52 | 0.33 | 0.40 | 0.40 | 0.43 | 0.70 | 0.74 | 0.42 | 0.43 | 0.44 | 0.46 | 0.46 | 0.27 | 0.27 | ||||||||
Micron Technology Inc. | 0.17 | 0.17 | 0.18 | 0.15 | 0.15 | 0.16 | 0.14 | 0.18 | 0.12 | 0.14 | 0.26 | 0.36 | 0.40 | 0.60 | 0.72 | 0.87 | 0.78 | 0.82 | 0.79 | 0.62 | 0.60 | 0.60 | 0.61 | 0.54 | 0.49 | ||||||||
NVIDIA Corp. | 0.53 | 0.16 | 0.18 | 0.19 | 0.20 | 0.21 | 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 | — | — | — | — | ||||||||
Qualcomm Inc. | 2.13 | 2.59 | 4.82 | 5.24 | 3.53 | 3.25 | 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 | ||||||||
Texas Instruments Inc. | — | 0.74 | 0.82 | 0.89 | 0.85 | 0.65 | 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 | — | — | — | — |
Based on: 10-Q (filing date: 2021-03-12), 10-K (filing date: 2020-12-18), 10-Q (filing date: 2020-09-11), 10-Q (filing date: 2020-06-12), 10-Q (filing date: 2020-03-13), 10-K (filing date: 2019-12-20), 10-Q (filing date: 2019-09-13), 10-Q (filing date: 2019-06-14), 10-Q (filing date: 2019-03-15), 10-K (filing date: 2018-12-21), 10-Q (filing date: 2018-09-13), 10-Q (filing date: 2018-06-14), 10-Q (filing date: 2018-03-15), 10-K (filing date: 2017-12-21), 10-Q (filing date: 2017-09-07), 10-Q (filing date: 2017-06-08), 10-Q (filing date: 2017-03-09), 10-K (filing date: 2016-12-23), 10-Q (filing date: 2016-09-08), 10-Q (filing date: 2016-06-09), 10-Q (filing date: 2016-03-10), 10-K (filing date: 2015-12-17), 10-Q (filing date: 2015-09-10), 10-Q (filing date: 2015-06-10), 10-Q (filing date: 2015-03-11).
1 Q1 2021 Calculation
Debt to equity = Total debt ÷ Total Broadcom Inc. stockholders’ equity
= 41,932 ÷ 23,973 = 1.75
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.’s debt to equity ratio improved from Q3 2020 to Q4 2020 but then slightly deteriorated from Q4 2020 to Q1 2021. |
Debt to Capital
Broadcom Inc., debt to capital calculation (quarterly data)
Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | Feb 3, 2019 | Nov 4, 2018 | Aug 5, 2018 | May 6, 2018 | Feb 4, 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 | Nov 1, 2015 | Aug 2, 2015 | May 3, 2015 | Feb 1, 2015 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
Current portion of long-term debt | 864 | 827 | 822 | 819 | 2,311 | 2,787 | 3,537 | 3,537 | 3,537 | — | 117 | 117 | 117 | 117 | — | — | — | 454 | 334 | 344 | 46 | 46 | 46 | 46 | 46 | ||||||||
Convertible notes payable to related party, non-current | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 926 | 923 | ||||||||
Long-term debt, excluding current portion | 41,068 | 40,235 | 43,201 | 45,044 | 42,407 | 30,011 | 34,028 | 34,011 | 34,104 | 17,493 | 17,487 | 17,481 | 17,475 | 17,431 | 13,572 | 13,567 | 13,562 | 13,188 | 13,381 | 14,664 | 3,892 | 3,903 | 3,915 | 3,926 | 4,531 | ||||||||
Total debt | 41,932 | 41,062 | 44,023 | 45,863 | 44,718 | 32,798 | 37,565 | 37,548 | 37,641 | 17,493 | 17,604 | 17,598 | 17,592 | 17,548 | 13,572 | 13,567 | 13,562 | 13,642 | 13,715 | 15,008 | 3,938 | 3,949 | 3,961 | 4,898 | 5,500 | ||||||||
Total Broadcom Inc. stockholders’ equity | 23,973 | 23,874 | 23,557 | 23,942 | 24,368 | 24,941 | 21,503 | 22,172 | 23,224 | 26,657 | 27,452 | 32,067 | 25,901 | 20,285 | 19,802 | 19,425 | 19,033 | 18,892 | 19,473 | 19,702 | 5,121 | 4,714 | 4,281 | 4,061 | 3,628 | ||||||||
Total capital | 65,905 | 64,936 | 67,580 | 69,805 | 69,086 | 57,739 | 59,068 | 59,720 | 60,865 | 44,150 | 45,056 | 49,665 | 43,493 | 37,833 | 33,374 | 32,992 | 32,595 | 32,534 | 33,188 | 34,710 | 9,059 | 8,663 | 8,242 | 8,959 | 9,128 | ||||||||
Solvency Ratio | |||||||||||||||||||||||||||||||||
Debt to capital1 | 0.64 | 0.63 | 0.65 | 0.66 | 0.65 | 0.57 | 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 | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||
Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||||||
Advanced Micro Devices Inc. | — | 0.05 | 0.09 | 0.17 | 0.14 | 0.15 | 0.29 | 0.35 | 0.38 | 0.50 | 0.54 | 0.61 | 0.66 | 0.70 | 0.73 | 0.77 | 0.77 | 0.78 | 0.81 | 1.23 | 1.29 | — | — | — | — | ||||||||
Analog Devices Inc. | 0.30 | 0.30 | 0.32 | 0.33 | 0.32 | 0.32 | 0.33 | 0.34 | 0.35 | 0.37 | 0.38 | 0.40 | 0.42 | 0.44 | 0.45 | 0.56 | 0.42 | 0.25 | 0.26 | 0.26 | 0.26 | 0.15 | 0.15 | 0.15 | 0.15 | ||||||||
Apple Inc. | 0.63 | 0.63 | 0.61 | 0.58 | 0.55 | 0.54 | 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 | ||||||||
Applied Materials Inc. | 0.32 | 0.34 | 0.36 | 0.43 | 0.38 | 0.39 | 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 | ||||||||
Cisco Systems Inc. | 0.28 | 0.28 | 0.31 | 0.31 | 0.35 | 0.42 | 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 | ||||||||
Intel Corp. | — | 0.31 | 0.33 | 0.32 | 0.34 | 0.27 | 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 | — | — | — | — | ||||||||
Lam Research Corp. | 0.52 | 0.53 | 0.53 | 0.50 | 0.47 | 0.49 | 0.47 | 0.26 | 0.31 | 0.27 | 0.32 | 0.34 | 0.25 | 0.28 | 0.28 | 0.30 | 0.41 | 0.42 | 0.30 | 0.30 | 0.31 | 0.32 | 0.32 | 0.21 | 0.22 | ||||||||
Micron Technology Inc. | 0.14 | 0.15 | 0.15 | 0.13 | 0.13 | 0.14 | 0.12 | 0.15 | 0.11 | 0.13 | 0.20 | 0.27 | 0.29 | 0.37 | 0.42 | 0.47 | 0.44 | 0.45 | 0.44 | 0.38 | 0.37 | 0.37 | 0.38 | 0.35 | 0.33 | ||||||||
NVIDIA Corp. | 0.35 | 0.14 | 0.15 | 0.16 | 0.17 | 0.18 | 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 | — | — | — | — | ||||||||
Qualcomm Inc. | 0.68 | 0.72 | 0.83 | 0.84 | 0.78 | 0.76 | 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 | ||||||||
Texas Instruments Inc. | — | 0.43 | 0.45 | 0.47 | 0.46 | 0.39 | 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 | — | — | — | — |
Based on: 10-Q (filing date: 2021-03-12), 10-K (filing date: 2020-12-18), 10-Q (filing date: 2020-09-11), 10-Q (filing date: 2020-06-12), 10-Q (filing date: 2020-03-13), 10-K (filing date: 2019-12-20), 10-Q (filing date: 2019-09-13), 10-Q (filing date: 2019-06-14), 10-Q (filing date: 2019-03-15), 10-K (filing date: 2018-12-21), 10-Q (filing date: 2018-09-13), 10-Q (filing date: 2018-06-14), 10-Q (filing date: 2018-03-15), 10-K (filing date: 2017-12-21), 10-Q (filing date: 2017-09-07), 10-Q (filing date: 2017-06-08), 10-Q (filing date: 2017-03-09), 10-K (filing date: 2016-12-23), 10-Q (filing date: 2016-09-08), 10-Q (filing date: 2016-06-09), 10-Q (filing date: 2016-03-10), 10-K (filing date: 2015-12-17), 10-Q (filing date: 2015-09-10), 10-Q (filing date: 2015-06-10), 10-Q (filing date: 2015-03-11).
1 Q1 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= 41,932 ÷ 65,905 = 0.64
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.’s debt to capital ratio improved from Q3 2020 to Q4 2020 but then slightly deteriorated from Q4 2020 to Q1 2021. |
Debt to Assets
Broadcom Inc., debt to assets calculation (quarterly data)
Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | Feb 3, 2019 | Nov 4, 2018 | Aug 5, 2018 | May 6, 2018 | Feb 4, 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 | Nov 1, 2015 | Aug 2, 2015 | May 3, 2015 | Feb 1, 2015 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
Current portion of long-term debt | 864 | 827 | 822 | 819 | 2,311 | 2,787 | 3,537 | 3,537 | 3,537 | — | 117 | 117 | 117 | 117 | — | — | — | 454 | 334 | 344 | 46 | 46 | 46 | 46 | 46 | ||||||||
Convertible notes payable to related party, non-current | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 926 | 923 | ||||||||
Long-term debt, excluding current portion | 41,068 | 40,235 | 43,201 | 45,044 | 42,407 | 30,011 | 34,028 | 34,011 | 34,104 | 17,493 | 17,487 | 17,481 | 17,475 | 17,431 | 13,572 | 13,567 | 13,562 | 13,188 | 13,381 | 14,664 | 3,892 | 3,903 | 3,915 | 3,926 | 4,531 | ||||||||
Total debt | 41,932 | 41,062 | 44,023 | 45,863 | 44,718 | 32,798 | 37,565 | 37,548 | 37,641 | 17,493 | 17,604 | 17,598 | 17,592 | 17,548 | 13,572 | 13,567 | 13,562 | 13,642 | 13,715 | 15,008 | 3,938 | 3,949 | 3,961 | 4,898 | 5,500 | ||||||||
Total assets | 76,972 | 75,933 | 79,298 | 81,548 | 81,006 | 67,493 | 69,767 | 70,916 | 72,110 | 50,124 | 50,372 | 54,936 | 54,544 | 54,418 | 49,942 | 49,849 | 49,617 | 49,966 | 49,752 | 51,407 | 10,777 | 10,592 | 9,988 | 10,532 | 10,697 | ||||||||
Solvency Ratio | |||||||||||||||||||||||||||||||||
Debt to assets1 | 0.54 | 0.54 | 0.56 | 0.56 | 0.55 | 0.49 | 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 | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||
Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||||||
Advanced Micro Devices Inc. | — | 0.04 | 0.05 | 0.10 | 0.08 | 0.08 | 0.17 | 0.20 | 0.22 | 0.27 | 0.30 | 0.34 | 0.37 | 0.39 | 0.40 | 0.42 | 0.43 | 0.43 | 0.45 | 0.67 | 0.75 | — | — | — | — | ||||||||
Analog Devices Inc. | 0.24 | 0.24 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.27 | 0.29 | 0.31 | 0.32 | 0.34 | 0.36 | 0.37 | 0.39 | 0.48 | 0.37 | 0.22 | 0.23 | 0.23 | 0.23 | 0.12 | 0.12 | 0.12 | 0.13 | ||||||||
Apple Inc. | 0.32 | 0.35 | 0.36 | 0.34 | 0.32 | 0.32 | 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 | ||||||||
Applied Materials Inc. | 0.23 | 0.24 | 0.26 | 0.31 | 0.27 | 0.28 | 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 | ||||||||
Cisco Systems Inc. | 0.15 | 0.15 | 0.18 | 0.18 | 0.20 | 0.25 | 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 | ||||||||
Intel Corp. | — | 0.24 | 0.25 | 0.25 | 0.27 | 0.21 | 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 | — | — | — | — | ||||||||
Lam Research Corp. | 0.39 | 0.40 | 0.39 | 0.37 | 0.36 | 0.37 | 0.37 | 0.19 | 0.21 | 0.19 | 0.23 | 0.25 | 0.20 | 0.22 | 0.23 | 0.24 | 0.34 | 0.35 | 0.24 | 0.24 | 0.25 | 0.25 | 0.25 | 0.17 | 0.17 | ||||||||
Micron Technology Inc. | 0.12 | 0.12 | 0.13 | 0.11 | 0.11 | 0.12 | 0.11 | 0.13 | 0.09 | 0.11 | 0.18 | 0.23 | 0.24 | 0.32 | 0.35 | 0.38 | 0.35 | 0.36 | 0.36 | 0.31 | 0.30 | 0.30 | 0.30 | 0.28 | 0.26 | ||||||||
NVIDIA Corp. | 0.30 | 0.11 | 0.13 | 0.13 | 0.14 | 0.15 | 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 | — | — | — | — | ||||||||
Qualcomm Inc. | 0.42 | 0.44 | 0.49 | 0.50 | 0.48 | 0.48 | 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 | ||||||||
Texas Instruments Inc. | — | 0.35 | 0.37 | 0.39 | 0.38 | 0.32 | 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 | — | — | — | — |
Based on: 10-Q (filing date: 2021-03-12), 10-K (filing date: 2020-12-18), 10-Q (filing date: 2020-09-11), 10-Q (filing date: 2020-06-12), 10-Q (filing date: 2020-03-13), 10-K (filing date: 2019-12-20), 10-Q (filing date: 2019-09-13), 10-Q (filing date: 2019-06-14), 10-Q (filing date: 2019-03-15), 10-K (filing date: 2018-12-21), 10-Q (filing date: 2018-09-13), 10-Q (filing date: 2018-06-14), 10-Q (filing date: 2018-03-15), 10-K (filing date: 2017-12-21), 10-Q (filing date: 2017-09-07), 10-Q (filing date: 2017-06-08), 10-Q (filing date: 2017-03-09), 10-K (filing date: 2016-12-23), 10-Q (filing date: 2016-09-08), 10-Q (filing date: 2016-06-09), 10-Q (filing date: 2016-03-10), 10-K (filing date: 2015-12-17), 10-Q (filing date: 2015-09-10), 10-Q (filing date: 2015-06-10), 10-Q (filing date: 2015-03-11).
1 Q1 2021 Calculation
Debt to assets = Total debt ÷ Total assets
= 41,932 ÷ 76,972 = 0.54
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.’s debt to assets ratio improved from Q3 2020 to Q4 2020 but then slightly deteriorated from Q4 2020 to Q1 2021. |
Financial Leverage
Broadcom Inc., financial leverage calculation (quarterly data)
Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | Feb 3, 2019 | Nov 4, 2018 | Aug 5, 2018 | May 6, 2018 | Feb 4, 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 | Nov 1, 2015 | Aug 2, 2015 | May 3, 2015 | Feb 1, 2015 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
Total assets | 76,972 | 75,933 | 79,298 | 81,548 | 81,006 | 67,493 | 69,767 | 70,916 | 72,110 | 50,124 | 50,372 | 54,936 | 54,544 | 54,418 | 49,942 | 49,849 | 49,617 | 49,966 | 49,752 | 51,407 | 10,777 | 10,592 | 9,988 | 10,532 | 10,697 | ||||||||
Total Broadcom Inc. stockholders’ equity | 23,973 | 23,874 | 23,557 | 23,942 | 24,368 | 24,941 | 21,503 | 22,172 | 23,224 | 26,657 | 27,452 | 32,067 | 25,901 | 20,285 | 19,802 | 19,425 | 19,033 | 18,892 | 19,473 | 19,702 | 5,121 | 4,714 | 4,281 | 4,061 | 3,628 | ||||||||
Solvency Ratio | |||||||||||||||||||||||||||||||||
Financial leverage1 | 3.21 | 3.18 | 3.37 | 3.41 | 3.32 | 2.71 | 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 | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||
Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||||||
Advanced Micro Devices Inc. | — | 1.54 | 1.82 | 1.99 | 1.93 | 2.13 | 2.41 | 2.68 | 2.76 | 3.60 | 3.86 | 4.67 | 5.26 | 5.79 | 6.90 | 8.08 | 8.07 | 7.98 | 9.39 | — | — | — | — | — | — | ||||||||
Analog Devices Inc. | 1.77 | 1.79 | 1.83 | 1.84 | 1.83 | 1.83 | 1.83 | 1.85 | 1.88 | 1.86 | 1.89 | 1.96 | 2.02 | 2.08 | 2.13 | 2.67 | 1.92 | 1.54 | 1.54 | 1.55 | 1.52 | 1.39 | 1.41 | 1.42 | 1.42 | ||||||||
Apple Inc. | 5.35 | 4.96 | 4.39 | 4.09 | 3.80 | 3.74 | 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 | ||||||||
Applied Materials Inc. | 2.03 | 2.11 | 2.21 | 2.42 | 2.28 | 2.32 | 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 | ||||||||
Cisco Systems Inc. | 2.49 | 2.50 | 2.56 | 2.54 | 2.69 | 2.91 | 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 | ||||||||
Intel Corp. | — | 1.89 | 1.95 | 1.86 | 1.93 | 1.76 | 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 | — | — | — | — | ||||||||
Lam Research Corp. | 2.78 | 2.81 | 2.85 | 2.72 | 2.50 | 2.57 | 2.44 | 1.86 | 2.06 | 1.92 | 2.01 | 2.10 | 1.71 | 1.78 | 1.76 | 1.80 | 2.04 | 2.08 | 1.76 | 1.76 | 1.79 | 1.84 | 1.81 | 1.62 | 1.61 | ||||||||
Micron Technology Inc. | 1.35 | 1.38 | 1.38 | 1.34 | 1.36 | 1.36 | 1.31 | 1.37 | 1.32 | 1.34 | 1.46 | 1.61 | 1.65 | 1.90 | 2.06 | 2.26 | 2.26 | 2.28 | 2.22 | 2.02 | 1.98 | 1.96 | 2.02 | 1.92 | 1.93 | ||||||||
NVIDIA Corp. | 1.78 | 1.42 | 1.41 | 1.43 | 1.44 | 1.42 | 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 | — | — | — | — | ||||||||
Qualcomm Inc. | 5.08 | 5.86 | 9.78 | 10.49 | 7.34 | 6.71 | 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 | ||||||||
Texas Instruments Inc. | — | 2.11 | 2.19 | 2.28 | 2.23 | 2.02 | 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 | — | — | — | — |
Based on: 10-Q (filing date: 2021-03-12), 10-K (filing date: 2020-12-18), 10-Q (filing date: 2020-09-11), 10-Q (filing date: 2020-06-12), 10-Q (filing date: 2020-03-13), 10-K (filing date: 2019-12-20), 10-Q (filing date: 2019-09-13), 10-Q (filing date: 2019-06-14), 10-Q (filing date: 2019-03-15), 10-K (filing date: 2018-12-21), 10-Q (filing date: 2018-09-13), 10-Q (filing date: 2018-06-14), 10-Q (filing date: 2018-03-15), 10-K (filing date: 2017-12-21), 10-Q (filing date: 2017-09-07), 10-Q (filing date: 2017-06-08), 10-Q (filing date: 2017-03-09), 10-K (filing date: 2016-12-23), 10-Q (filing date: 2016-09-08), 10-Q (filing date: 2016-06-09), 10-Q (filing date: 2016-03-10), 10-K (filing date: 2015-12-17), 10-Q (filing date: 2015-09-10), 10-Q (filing date: 2015-06-10), 10-Q (filing date: 2015-03-11).
1 Q1 2021 Calculation
Financial leverage = Total assets ÷ Total Broadcom Inc. stockholders’ equity
= 76,972 ÷ 23,973 = 3.21
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.’s financial leverage ratio decreased from Q3 2020 to Q4 2020 but then slightly increased from Q4 2020 to Q1 2021. |
Interest Coverage
Broadcom Inc., interest coverage calculation (quarterly data)
Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | Feb 3, 2019 | Nov 4, 2018 | Aug 5, 2018 | May 6, 2018 | Feb 4, 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 | Nov 1, 2015 | Aug 2, 2015 | May 3, 2015 | Feb 1, 2015 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
Net income (loss) attributable to Broadcom Inc. stockholders | 1,378 | 1,324 | 688 | 563 | 385 | 847 | 715 | 691 | 471 | 1,115 | 1,196 | 3,718 | 6,230 | 532 | 481 | 440 | 239 | (632) | (298) | (1,186) | 377 | 429 | 240 | 344 | 351 | ||||||||
Add: Net income attributable to noncontrolling interest | — | — | — | — | — | — | — | — | — | — | — | 15 | 336 | 29 | 26 | 24 | 13 | (36) | (17) | (69) | — | — | — | — | — | ||||||||
Less: Income (loss) from discontinued operations, net of income taxes | — | — | (1) | (5) | 5 | — | — | (2) | (10) | — | (1) | (3) | (15) | 5 | (2) | (4) | (5) | (62) | (12) | (38) | — | (41) | (4) | 5 | 13 | ||||||||
Add: Income tax expense | 6 | (187) | (96) | (159) | (76) | (100) | (171) | (36) | (203) | 307 | 32 | (2,637) | (5,786) | 89 | 39 | (103) | 10 | 841 | (117) | (99) | 17 | 15 | 23 | 25 | 13 | ||||||||
Add: Interest expense | 570 | 420 | 464 | 487 | 406 | 361 | 362 | 376 | 345 | 148 | 149 | 148 | 183 | 119 | 112 | 112 | 111 | 106 | 139 | 256 | 84 | 41 | 43 | 53 | 54 | ||||||||
Earnings before interest and tax (EBIT) | 1,954 | 1,557 | 1,057 | 896 | 710 | 1,108 | 906 | 1,033 | 623 | 1,570 | 1,378 | 1,247 | 978 | 764 | 660 | 477 | 378 | 341 | (281) | (1,060) | 478 | 526 | 310 | 417 | 405 | ||||||||
Solvency Ratio | |||||||||||||||||||||||||||||||||
Interest coverage1 | 2.82 | 2.37 | 2.19 | 2.24 | 2.50 | 2.54 | 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 | — | — | — | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||
Interest Coverage, Competitors2 | |||||||||||||||||||||||||||||||||
Advanced Micro Devices Inc. | — | 28.23 | 17.71 | 10.58 | 7.71 | 4.96 | 2.62 | 2.41 | 3.07 | 3.71 | 4.07 | 3.85 | 2.75 | 1.49 | 0.71 | -2.81 | -1.82 | -1.94 | — | — | — | — | — | — | — | ||||||||
Analog Devices Inc. | 9.14 | 7.79 | 7.05 | 6.72 | 6.99 | 7.49 | 7.97 | 8.13 | 7.96 | 7.46 | 7.06 | 5.64 | 4.38 | 4.30 | 4.41 | 6.25 | 9.52 | 11.78 | 14.01 | 17.47 | 24.67 | 30.97 | — | — | — | ||||||||
Applied Materials Inc. | 19.19 | 18.36 | 16.68 | 15.79 | 15.35 | 14.79 | 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 | — | — | — | ||||||||
Cisco Systems Inc. | 25.98 | 24.88 | 22.44 | 20.36 | 18.58 | 17.96 | 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 | — | — | — | ||||||||
Micron Technology Inc. | 17.83 | 16.41 | 14.78 | 15.68 | 28.05 | 56.09 | 78.27 | 73.31 | 61.90 | 42.83 | 28.91 | 21.09 | 14.28 | 9.66 | 5.62 | 2.43 | 0.49 | 0.41 | 1.78 | 3.83 | 6.79 | 9.24 | — | — | — | ||||||||
NVIDIA Corp. | 56.66 | 58.12 | 43.98 | 44.64 | 54.11 | 68.17 | 79.85 | 76.71 | 67.18 | 53.39 | 45.41 | 40.49 | 36.48 | 33.84 | 29.10 | 23.49 | 18.28 | 16.81 | — | — | — | — | — | — | — | ||||||||
Qualcomm Inc. | 13.40 | 10.50 | 6.17 | 13.70 | 13.71 | 12.93 | 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 | — | — | — | ||||||||
Texas Instruments Inc. | — | 32.67 | 29.59 | 30.50 | 32.50 | 34.69 | 38.11 | 42.03 | 47.50 | 54.49 | 62.21 | 71.95 | 77.84 | 78.95 | 80.30 | 75.92 | 69.88 | 62.63 | — | — | — | — | — | — | — |
Based on: 10-Q (filing date: 2021-03-12), 10-K (filing date: 2020-12-18), 10-Q (filing date: 2020-09-11), 10-Q (filing date: 2020-06-12), 10-Q (filing date: 2020-03-13), 10-K (filing date: 2019-12-20), 10-Q (filing date: 2019-09-13), 10-Q (filing date: 2019-06-14), 10-Q (filing date: 2019-03-15), 10-K (filing date: 2018-12-21), 10-Q (filing date: 2018-09-13), 10-Q (filing date: 2018-06-14), 10-Q (filing date: 2018-03-15), 10-K (filing date: 2017-12-21), 10-Q (filing date: 2017-09-07), 10-Q (filing date: 2017-06-08), 10-Q (filing date: 2017-03-09), 10-K (filing date: 2016-12-23), 10-Q (filing date: 2016-09-08), 10-Q (filing date: 2016-06-09), 10-Q (filing date: 2016-03-10), 10-K (filing date: 2015-12-17), 10-Q (filing date: 2015-09-10), 10-Q (filing date: 2015-06-10), 10-Q (filing date: 2015-03-11).
1 Q1 2021 Calculation
Interest coverage
= (EBITQ1 2021
+ EBITQ4 2020
+ EBITQ3 2020
+ EBITQ2 2020)
÷ (Interest expenseQ1 2021
+ Interest expenseQ4 2020
+ Interest expenseQ3 2020
+ Interest expenseQ2 2020)
= (1,954 + 1,557 + 1,057 + 896)
÷ (570 + 420 + 464 + 487)
= 2.82
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.’s interest coverage ratio improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021. |