Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Broadcom Inc., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2024-02-04), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-Q (reporting date: 2020-02-02), 10-K (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05), 10-Q (reporting date: 2019-02-03), 10-K (reporting date: 2018-11-04), 10-Q (reporting date: 2018-08-05), 10-Q (reporting date: 2018-05-06), 10-Q (reporting date: 2018-02-04).
| 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 improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Broadcom Inc. debt to capital ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Broadcom Inc. debt to assets ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Broadcom Inc. financial leverage ratio decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Broadcom Inc. interest coverage ratio improved from Q3 2023 to Q4 2023 but then deteriorated significantly from Q4 2023 to Q1 2024. |
Debt to Equity
Broadcom Inc., debt to equity calculation (quarterly data)
| Feb 4, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Current portion of long-term debt | 2,433) | 1,608) | 1,119) | 1,117) | 1,115) | 440) | 304) | 302) | 300) | 290) | 279) | 278) | 864) | 827) | 822) | 819) | 2,311) | 2,787) | 3,537) | 3,537) | 3,537) | —) | 117) | 117) | 117) | ||||||||
| Long-term debt, excluding current portion | 73,468) | 37,621) | 38,222) | 38,194) | 38,167) | 39,075) | 39,191) | 39,164) | 39,205) | 39,440) | 40,178) | 40,160) | 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) | ||||||||
| Total debt | 75,901) | 39,229) | 39,341) | 39,311) | 39,282) | 39,515) | 39,495) | 39,466) | 39,505) | 39,730) | 40,457) | 40,438) | 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) | ||||||||
| Total Broadcom Inc. stockholders’ equity | 70,284) | 23,988) | 22,079) | 22,007) | 23,310) | 22,709) | 20,876) | 20,963) | 22,968) | 24,962) | 24,340) | 23,939) | 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) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Debt to equity1 | 1.08 | 1.64 | 1.78 | 1.79 | 1.69 | 1.74 | 1.89 | 1.88 | 1.72 | 1.59 | 1.66 | 1.69 | 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 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.06 | 0.10 | 0.21 | 0.16 | 0.17 | 0.40 | 0.54 | 0.61 | — | — | — | — | ||||||||
| Analog Devices Inc. | 0.20 | 0.20 | 0.19 | 0.19 | 0.18 | 0.18 | 0.17 | 0.17 | 0.17 | 0.18 | 0.42 | 0.42 | 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 | ||||||||
| Applied Materials Inc. | 0.32 | 0.34 | 0.37 | 0.40 | 0.42 | 0.45 | 0.45 | 0.47 | 0.46 | 0.45 | 0.45 | 0.45 | 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 | ||||||||
| Intel Corp. | — | 0.47 | 0.48 | 0.49 | 0.51 | 0.41 | 0.40 | 0.35 | 0.36 | 0.40 | 0.45 | 0.42 | 0.45 | 0.45 | 0.49 | 0.47 | 0.52 | 0.37 | 0.39 | 0.38 | 0.39 | — | — | — | — | ||||||||
| KLA Corp. | 1.97 | 2.02 | 2.20 | 2.35 | 3.00 | 4.75 | 0.91 | 0.85 | 0.89 | 1.02 | 1.11 | 1.18 | 1.25 | 1.30 | 1.49 | 1.27 | 1.29 | 1.29 | 1.20 | 1.40 | 1.43 | 1.38 | 1.80 | 2.03 | 1.90 | ||||||||
| Lam Research Corp. | 0.62 | 0.61 | 0.60 | 0.60 | 0.67 | 0.80 | 0.83 | 0.77 | 0.86 | 0.83 | 1.08 | 1.06 | 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 | ||||||||
| Micron Technology Inc. | 0.31 | 0.30 | 0.29 | 0.26 | 0.21 | 0.14 | 0.14 | 0.15 | 0.15 | 0.15 | 0.16 | 0.16 | 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 | ||||||||
| NVIDIA Corp. | 0.45 | 0.50 | 0.51 | 0.46 | 0.42 | 0.41 | 0.46 | 0.56 | 0.37 | 0.41 | 0.45 | 0.50 | 0.53 | 0.16 | 0.18 | 0.19 | 0.20 | 0.21 | 0.21 | 0.23 | 0.26 | — | — | — | — | ||||||||
| ON Semiconductor Corp. | — | 0.43 | 0.47 | 0.50 | 0.54 | 0.52 | 0.57 | 0.60 | 0.64 | 0.67 | 0.76 | 0.82 | 0.92 | 0.99 | 1.24 | 1.46 | 1.47 | 1.09 | 1.12 | 1.12 | 0.87 | — | — | — | — | ||||||||
| Qualcomm Inc. | 0.67 | 0.71 | 0.75 | 0.81 | 0.90 | 0.86 | 0.97 | 1.18 | 1.39 | 1.58 | 1.92 | 2.12 | 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 | ||||||||
| Texas Instruments Inc. | 0.84 | 0.66 | 0.67 | 0.70 | 0.66 | 0.60 | 0.55 | 0.51 | 0.55 | 0.58 | 0.64 | 0.56 | 0.61 | 0.74 | 0.82 | 0.89 | 0.85 | 0.65 | 0.65 | 0.68 | 0.68 | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-02-04), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-Q (reporting date: 2020-02-02), 10-K (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05), 10-Q (reporting date: 2019-02-03), 10-K (reporting date: 2018-11-04), 10-Q (reporting date: 2018-08-05), 10-Q (reporting date: 2018-05-06), 10-Q (reporting date: 2018-02-04).
1 Q1 2024 Calculation
Debt to equity = Total debt ÷ Total Broadcom Inc. stockholders’ equity
= 75,901 ÷ 70,284 = 1.08
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 improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Debt to Capital
Broadcom Inc., debt to capital calculation (quarterly data)
| Feb 4, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Current portion of long-term debt | 2,433) | 1,608) | 1,119) | 1,117) | 1,115) | 440) | 304) | 302) | 300) | 290) | 279) | 278) | 864) | 827) | 822) | 819) | 2,311) | 2,787) | 3,537) | 3,537) | 3,537) | —) | 117) | 117) | 117) | ||||||||
| Long-term debt, excluding current portion | 73,468) | 37,621) | 38,222) | 38,194) | 38,167) | 39,075) | 39,191) | 39,164) | 39,205) | 39,440) | 40,178) | 40,160) | 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) | ||||||||
| Total debt | 75,901) | 39,229) | 39,341) | 39,311) | 39,282) | 39,515) | 39,495) | 39,466) | 39,505) | 39,730) | 40,457) | 40,438) | 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) | ||||||||
| Total Broadcom Inc. stockholders’ equity | 70,284) | 23,988) | 22,079) | 22,007) | 23,310) | 22,709) | 20,876) | 20,963) | 22,968) | 24,962) | 24,340) | 23,939) | 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) | ||||||||
| Total capital | 146,185) | 63,217) | 61,420) | 61,318) | 62,592) | 62,224) | 60,371) | 60,429) | 62,473) | 64,692) | 64,797) | 64,377) | 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) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Debt to capital1 | 0.52 | 0.62 | 0.64 | 0.64 | 0.63 | 0.64 | 0.65 | 0.65 | 0.63 | 0.61 | 0.62 | 0.63 | 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 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.09 | 0.17 | 0.14 | 0.15 | 0.29 | 0.35 | 0.38 | — | — | — | — | ||||||||
| Analog Devices Inc. | 0.16 | 0.16 | 0.16 | 0.16 | 0.15 | 0.15 | 0.15 | 0.14 | 0.14 | 0.15 | 0.30 | 0.30 | 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 | ||||||||
| Applied Materials Inc. | 0.24 | 0.25 | 0.27 | 0.29 | 0.30 | 0.31 | 0.31 | 0.32 | 0.31 | 0.31 | 0.31 | 0.31 | 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 | ||||||||
| Intel Corp. | — | 0.32 | 0.32 | 0.33 | 0.34 | 0.29 | 0.28 | 0.26 | 0.27 | 0.29 | 0.31 | 0.29 | 0.31 | 0.31 | 0.33 | 0.32 | 0.34 | 0.27 | 0.28 | 0.28 | 0.28 | — | — | — | — | ||||||||
| KLA Corp. | 0.66 | 0.67 | 0.69 | 0.70 | 0.75 | 0.83 | 0.48 | 0.46 | 0.47 | 0.50 | 0.52 | 0.54 | 0.55 | 0.57 | 0.60 | 0.56 | 0.56 | 0.56 | 0.55 | 0.58 | 0.59 | 0.58 | 0.64 | 0.67 | 0.65 | ||||||||
| Lam Research Corp. | 0.38 | 0.38 | 0.37 | 0.38 | 0.40 | 0.44 | 0.45 | 0.44 | 0.46 | 0.45 | 0.52 | 0.51 | 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 | ||||||||
| Micron Technology Inc. | 0.24 | 0.23 | 0.23 | 0.21 | 0.17 | 0.12 | 0.12 | 0.13 | 0.13 | 0.13 | 0.14 | 0.14 | 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 | ||||||||
| NVIDIA Corp. | 0.31 | 0.33 | 0.34 | 0.31 | 0.29 | 0.29 | 0.32 | 0.36 | 0.27 | 0.29 | 0.31 | 0.33 | 0.35 | 0.14 | 0.15 | 0.16 | 0.17 | 0.18 | 0.17 | 0.19 | 0.21 | — | — | — | — | ||||||||
| ON Semiconductor Corp. | — | 0.30 | 0.32 | 0.33 | 0.35 | 0.34 | 0.36 | 0.37 | 0.39 | 0.40 | 0.43 | 0.45 | 0.48 | 0.50 | 0.55 | 0.59 | 0.60 | 0.52 | 0.53 | 0.53 | 0.46 | — | — | — | — | ||||||||
| Qualcomm Inc. | 0.40 | 0.42 | 0.43 | 0.45 | 0.47 | 0.46 | 0.49 | 0.54 | 0.58 | 0.61 | 0.66 | 0.68 | 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 | ||||||||
| Texas Instruments Inc. | 0.46 | 0.40 | 0.40 | 0.41 | 0.40 | 0.37 | 0.35 | 0.34 | 0.36 | 0.37 | 0.39 | 0.36 | 0.38 | 0.43 | 0.45 | 0.47 | 0.46 | 0.39 | 0.39 | 0.41 | 0.41 | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-02-04), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-Q (reporting date: 2020-02-02), 10-K (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05), 10-Q (reporting date: 2019-02-03), 10-K (reporting date: 2018-11-04), 10-Q (reporting date: 2018-08-05), 10-Q (reporting date: 2018-05-06), 10-Q (reporting date: 2018-02-04).
1 Q1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 75,901 ÷ 146,185 = 0.52
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 improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Debt to Assets
Broadcom Inc., debt to assets calculation (quarterly data)
| Feb 4, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Current portion of long-term debt | 2,433) | 1,608) | 1,119) | 1,117) | 1,115) | 440) | 304) | 302) | 300) | 290) | 279) | 278) | 864) | 827) | 822) | 819) | 2,311) | 2,787) | 3,537) | 3,537) | 3,537) | —) | 117) | 117) | 117) | ||||||||
| Long-term debt, excluding current portion | 73,468) | 37,621) | 38,222) | 38,194) | 38,167) | 39,075) | 39,191) | 39,164) | 39,205) | 39,440) | 40,178) | 40,160) | 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) | ||||||||
| Total debt | 75,901) | 39,229) | 39,341) | 39,311) | 39,282) | 39,515) | 39,495) | 39,466) | 39,505) | 39,730) | 40,457) | 40,438) | 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) | ||||||||
| Total assets | 177,870) | 72,861) | 71,595) | 71,667) | 72,976) | 73,249) | 71,326) | 71,719) | 73,224) | 75,570) | 75,880) | 75,524) | 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) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Debt to assets1 | 0.43 | 0.54 | 0.55 | 0.55 | 0.54 | 0.54 | 0.55 | 0.55 | 0.54 | 0.53 | 0.53 | 0.54 | 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 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.05 | 0.10 | 0.08 | 0.08 | 0.17 | 0.20 | 0.22 | — | — | — | — | ||||||||
| Analog Devices Inc. | 0.14 | 0.14 | 0.14 | 0.14 | 0.13 | 0.13 | 0.12 | 0.12 | 0.12 | 0.13 | 0.24 | 0.24 | 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 | ||||||||
| Applied Materials Inc. | 0.18 | 0.18 | 0.19 | 0.19 | 0.20 | 0.20 | 0.21 | 0.21 | 0.21 | 0.21 | 0.22 | 0.23 | 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 | ||||||||
| Intel Corp. | — | 0.26 | 0.26 | 0.26 | 0.27 | 0.23 | 0.23 | 0.21 | 0.21 | 0.23 | 0.24 | 0.23 | 0.24 | 0.24 | 0.25 | 0.25 | 0.27 | 0.21 | 0.22 | 0.22 | 0.22 | — | — | — | — | ||||||||
| KLA Corp. | 0.42 | 0.42 | 0.43 | 0.45 | 0.48 | 0.53 | 0.31 | 0.29 | 0.31 | 0.34 | 0.35 | 0.35 | 0.37 | 0.37 | 0.39 | 0.37 | 0.37 | 0.38 | 0.37 | 0.40 | 0.40 | 0.40 | 0.44 | 0.46 | 0.49 | ||||||||
| Lam Research Corp. | 0.27 | 0.27 | 0.26 | 0.26 | 0.27 | 0.29 | 0.30 | 0.30 | 0.32 | 0.31 | 0.38 | 0.38 | 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 | ||||||||
| Micron Technology Inc. | 0.21 | 0.21 | 0.20 | 0.18 | 0.15 | 0.10 | 0.11 | 0.11 | 0.11 | 0.12 | 0.12 | 0.12 | 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 | ||||||||
| NVIDIA Corp. | 0.25 | 0.27 | 0.27 | 0.25 | 0.24 | 0.25 | 0.27 | 0.31 | 0.23 | 0.24 | 0.26 | 0.28 | 0.30 | 0.11 | 0.13 | 0.13 | 0.14 | 0.15 | 0.15 | 0.16 | 0.17 | — | — | — | — | ||||||||
| ON Semiconductor Corp. | — | 0.25 | 0.26 | 0.27 | 0.29 | 0.27 | 0.29 | 0.30 | 0.31 | 0.32 | 0.35 | 0.36 | 0.39 | 0.40 | 0.46 | 0.50 | 0.50 | 0.43 | 0.42 | 0.43 | 0.37 | — | — | — | — | ||||||||
| Qualcomm Inc. | 0.30 | 0.30 | 0.32 | 0.33 | 0.34 | 0.32 | 0.33 | 0.35 | 0.37 | 0.38 | 0.41 | 0.42 | 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 | ||||||||
| Texas Instruments Inc. | 0.41 | 0.35 | 0.35 | 0.36 | 0.35 | 0.32 | 0.30 | 0.29 | 0.31 | 0.31 | 0.33 | 0.30 | 0.32 | 0.35 | 0.37 | 0.39 | 0.38 | 0.32 | 0.32 | 0.33 | 0.33 | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-02-04), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-Q (reporting date: 2020-02-02), 10-K (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05), 10-Q (reporting date: 2019-02-03), 10-K (reporting date: 2018-11-04), 10-Q (reporting date: 2018-08-05), 10-Q (reporting date: 2018-05-06), 10-Q (reporting date: 2018-02-04).
1 Q1 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 75,901 ÷ 177,870 = 0.43
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 improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Financial Leverage
Broadcom Inc., financial leverage calculation (quarterly data)
| Feb 4, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Total assets | 177,870) | 72,861) | 71,595) | 71,667) | 72,976) | 73,249) | 71,326) | 71,719) | 73,224) | 75,570) | 75,880) | 75,524) | 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) | ||||||||
| Total Broadcom Inc. stockholders’ equity | 70,284) | 23,988) | 22,079) | 22,007) | 23,310) | 22,709) | 20,876) | 20,963) | 22,968) | 24,962) | 24,340) | 23,939) | 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) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Financial leverage1 | 2.53 | 3.04 | 3.24 | 3.26 | 3.13 | 3.23 | 3.42 | 3.42 | 3.19 | 3.03 | 3.12 | 3.15 | 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 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 1.21 | 1.23 | 1.23 | 1.24 | 1.23 | 1.24 | 1.22 | 1.21 | 1.66 | 1.56 | 1.51 | 1.55 | 1.54 | 1.82 | 1.99 | 1.93 | 2.13 | 2.41 | 2.68 | 2.76 | — | — | — | — | ||||||||
| Analog Devices Inc. | 1.36 | 1.37 | 1.37 | 1.38 | 1.38 | 1.38 | 1.37 | 1.37 | 1.37 | 1.38 | 1.76 | 1.77 | 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 | ||||||||
| Applied Materials Inc. | 1.81 | 1.88 | 2.01 | 2.06 | 2.08 | 2.19 | 2.17 | 2.20 | 2.14 | 2.11 | 2.03 | 2.01 | 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 | ||||||||
| Intel Corp. | — | 1.81 | 1.85 | 1.84 | 1.89 | 1.80 | 1.75 | 1.68 | 1.71 | 1.77 | 1.86 | 1.81 | 1.89 | 1.89 | 1.95 | 1.86 | 1.93 | 1.76 | 1.80 | 1.74 | 1.76 | — | — | — | — | ||||||||
| KLA Corp. | 4.73 | 4.82 | 5.10 | 5.27 | 6.24 | 8.99 | 2.95 | 2.89 | 2.89 | 3.04 | 3.19 | 3.34 | 3.39 | 3.48 | 3.83 | 3.46 | 3.47 | 3.39 | 3.22 | 3.51 | 3.60 | 3.47 | 4.09 | 4.41 | 3.89 | ||||||||
| Lam Research Corp. | 2.30 | 2.29 | 2.29 | 2.31 | 2.53 | 2.74 | 2.75 | 2.58 | 2.67 | 2.64 | 2.85 | 2.79 | 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 | ||||||||
| Micron Technology Inc. | 1.49 | 1.46 | 1.45 | 1.41 | 1.38 | 1.33 | 1.32 | 1.33 | 1.33 | 1.34 | 1.32 | 1.33 | 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 | ||||||||
| NVIDIA Corp. | 1.81 | 1.86 | 1.90 | 1.82 | 1.72 | 1.66 | 1.71 | 1.83 | 1.64 | 1.70 | 1.75 | 1.81 | 1.78 | 1.42 | 1.41 | 1.43 | 1.44 | 1.42 | 1.44 | 1.46 | 1.49 | — | — | — | — | ||||||||
| ON Semiconductor Corp. | — | 1.70 | 1.77 | 1.83 | 1.90 | 1.94 | 1.96 | 2.00 | 2.04 | 2.10 | 2.17 | 2.27 | 2.38 | 2.45 | 2.70 | 2.94 | 2.93 | 2.55 | 2.65 | 2.60 | 2.37 | — | — | — | — | ||||||||
| Qualcomm Inc. | 2.26 | 2.37 | 2.37 | 2.46 | 2.66 | 2.72 | 2.93 | 3.32 | 3.78 | 4.14 | 4.74 | 5.01 | 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 | ||||||||
| Texas Instruments Inc. | 2.05 | 1.91 | 1.90 | 1.94 | 1.92 | 1.87 | 1.80 | 1.75 | 1.80 | 1.85 | 1.92 | 1.85 | 1.93 | 2.11 | 2.19 | 2.28 | 2.23 | 2.02 | 2.00 | 2.05 | 2.05 | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-02-04), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-Q (reporting date: 2020-02-02), 10-K (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05), 10-Q (reporting date: 2019-02-03), 10-K (reporting date: 2018-11-04), 10-Q (reporting date: 2018-08-05), 10-Q (reporting date: 2018-05-06), 10-Q (reporting date: 2018-02-04).
1 Q1 2024 Calculation
Financial leverage = Total assets ÷ Total Broadcom Inc. stockholders’ equity
= 177,870 ÷ 70,284 = 2.53
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 decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024. |
Interest Coverage
Broadcom Inc., interest coverage calculation (quarterly data)
| Feb 4, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Net income attributable to Broadcom Inc. stockholders | 1,325) | 3,524) | 3,303) | 3,481) | 3,774) | 3,359) | 3,074) | 2,590) | 2,472) | 1,989) | 1,876) | 1,493) | 1,378) | 1,324) | 688) | 563) | 385) | 847) | 715) | 691) | 471) | 1,115) | 1,196) | 3,718) | 6,230) | ||||||||
| Add: Net income attributable to noncontrolling interest | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 15) | 336) | ||||||||
| Less: Income (loss) from discontinued operations, net of income taxes | 51) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | (1) | (5) | 5) | —) | —) | (2) | (10) | —) | (1) | (3) | (15) | ||||||||
| Add: Income tax expense | 68) | 443) | 271) | 235) | 66) | 261) | 263) | 200) | 215) | 180) | (150) | (7) | 6) | (187) | (96) | (159) | (76) | (100) | (171) | (36) | (203) | 307) | 32) | (2,637) | (5,786) | ||||||||
| Add: Interest expense | 926) | 405) | 406) | 405) | 406) | 406) | 406) | 518) | 407) | 434) | 415) | 466) | 570) | 420) | 464) | 487) | 406) | 361) | 362) | 376) | 345) | 148) | 149) | 148) | 183) | ||||||||
| Earnings before interest and tax (EBIT) | 2,268) | 4,372) | 3,980) | 4,121) | 4,246) | 4,026) | 3,743) | 3,308) | 3,094) | 2,603) | 2,141) | 1,952) | 1,954) | 1,557) | 1,057) | 896) | 710) | 1,108) | 906) | 1,033) | 623) | 1,570) | 1,378) | 1,247) | 978) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Interest coverage1 | 6.88 | 10.31 | 10.09 | 9.94 | 8.83 | 8.16 | 7.22 | 6.28 | 5.69 | 4.59 | 4.06 | 3.40 | 2.82 | 2.37 | 2.19 | 2.24 | 2.50 | 2.54 | 3.36 | 4.52 | 6.10 | 8.24 | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | |||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 5.79 | 1.05 | -2.15 | 2.73 | 14.61 | 33.91 | 69.08 | 104.42 | 109.09 | 87.31 | 63.00 | 41.84 | 28.23 | 17.71 | 10.58 | 7.71 | 4.96 | — | — | — | — | — | — | — | ||||||||
| Analog Devices Inc. | 11.83 | 14.63 | 17.96 | 19.23 | 19.42 | 16.46 | 10.14 | 9.06 | 7.26 | 8.19 | 11.64 | 10.46 | 9.14 | 7.79 | 7.05 | 6.72 | 6.99 | 7.49 | 7.97 | 8.13 | 7.96 | 7.46 | — | — | — | ||||||||
| Applied Materials Inc. | 34.86 | 33.42 | 32.62 | 33.39 | 34.20 | 34.33 | 34.58 | 34.95 | 33.14 | 29.69 | 26.24 | 21.94 | 19.19 | 18.36 | 16.68 | 15.79 | 15.35 | 14.79 | 15.40 | 17.25 | 19.81 | 21.06 | — | — | — | ||||||||
| KLA Corp. | 13.03 | 13.76 | 15.81 | 18.22 | 20.31 | 22.76 | 21.81 | 20.60 | 17.91 | 16.00 | 14.05 | 10.71 | 9.97 | 9.22 | 8.12 | 9.19 | 9.95 | 11.40 | 14.09 | 15.78 | 15.05 | 13.73 | — | — | — | ||||||||
| Micron Technology Inc. | -13.14 | -13.58 | -7.73 | 10.11 | 36.19 | 51.66 | 58.47 | 51.74 | 45.03 | 35.18 | 24.82 | 19.35 | 17.83 | 16.41 | 14.78 | 15.68 | 28.05 | 56.09 | 78.27 | 73.31 | 61.90 | 42.83 | — | — | — | ||||||||
| NVIDIA Corp. | 18.63 | 16.96 | 23.23 | 31.40 | 39.65 | 43.12 | 38.65 | 34.29 | 26.81 | 24.96 | 28.27 | 34.95 | 56.66 | 58.12 | 43.98 | 44.64 | 54.11 | 68.17 | — | — | — | — | — | — | — | ||||||||
| ON Semiconductor Corp. | — | 34.90 | 32.08 | 26.51 | 23.87 | 25.89 | 21.78 | 19.87 | 15.24 | 9.88 | 6.79 | 4.44 | 2.86 | 2.05 | 1.82 | 0.86 | 1.64 | 2.87 | — | — | — | — | — | — | — | ||||||||
| Qualcomm Inc. | 12.44 | 11.72 | 15.28 | 22.27 | 26.92 | 31.61 | 31.54 | 24.20 | 21.71 | 19.38 | 18.60 | 16.10 | 13.40 | 10.50 | 6.17 | 13.70 | 13.71 | 12.93 | 9.89 | 3.10 | 2.46 | 1.67 | — | — | — | ||||||||
| Texas Instruments Inc. | 17.87 | 22.01 | 26.51 | 33.49 | 42.10 | 47.88 | 51.88 | 52.00 | 51.03 | 49.47 | 46.81 | 42.15 | 36.25 | 32.67 | 29.59 | 30.50 | 32.50 | 34.69 | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-02-04), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-Q (reporting date: 2020-02-02), 10-K (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05), 10-Q (reporting date: 2019-02-03), 10-K (reporting date: 2018-11-04), 10-Q (reporting date: 2018-08-05), 10-Q (reporting date: 2018-05-06), 10-Q (reporting date: 2018-02-04).
1 Q1 2024 Calculation
Interest coverage
= (EBITQ1 2024
+ EBITQ4 2023
+ EBITQ3 2023
+ EBITQ2 2023)
÷ (Interest expenseQ1 2024
+ Interest expenseQ4 2023
+ Interest expenseQ3 2023
+ Interest expenseQ2 2023)
= (2,268 + 4,372 + 3,980 + 4,121)
÷ (926 + 405 + 406 + 405)
= 6.88
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 improved from Q3 2023 to Q4 2023 but then deteriorated significantly from Q4 2023 to Q1 2024. |