Stock Analysis on Net

Cisco Systems Inc. (NASDAQ:CSCO)

Analysis of Solvency Ratios 
Quarterly Data

Microsoft Excel LibreOffice Calc

Solvency Ratios (Summary)

Cisco Systems Inc., solvency ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 23, 2021 Oct 24, 2020 Jul 25, 2020 Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015
Debt Ratios
Debt to equity 0.23 0.29 0.22 0.28 0.29 0.37 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
Debt to capital 0.19 0.23 0.18 0.22 0.22 0.27 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
Debt to assets 0.10 0.12 0.10 0.12 0.12 0.15 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
Financial leverage 2.30 2.39 2.25 2.36 2.34 2.44 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
Coverage Ratios
Interest coverage 41.54 38.79 35.64 31.56 29.20 27.76 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

Based on: 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-23), 10-Q (reporting date: 2020-10-24), 10-K (reporting date: 2020-07-25), 10-Q (reporting date: 2020-04-25), 10-Q (reporting date: 2020-01-25), 10-Q (reporting date: 2019-10-26), 10-K (reporting date: 2019-07-27), 10-Q (reporting date: 2019-04-27), 10-Q (reporting date: 2019-01-26), 10-Q (reporting date: 2018-10-27), 10-K (reporting date: 2018-07-28), 10-Q (reporting date: 2018-04-28), 10-Q (reporting date: 2018-01-27), 10-Q (reporting date: 2017-10-28), 10-K (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-Q (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-K (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-23), 10-Q (reporting date: 2015-10-24).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Cisco Systems Inc. debt to equity ratio deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 not reaching Q1 2022 level.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Cisco Systems Inc. debt to capital ratio deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 not reaching Q1 2022 level.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Cisco Systems Inc. debt to assets ratio deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 not reaching Q1 2022 level.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Cisco Systems Inc. financial leverage ratio increased from Q1 2022 to Q2 2022 but then slightly decreased from Q2 2022 to Q3 2022 not reaching Q1 2022 level.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Cisco Systems Inc. interest coverage ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Debt to Equity

Cisco Systems Inc., debt to equity calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 23, 2021 Oct 24, 2020 Jul 25, 2020 Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015
Selected Financial Data (US$ in millions)
Short-term debt 1,000  2,502  506  2,508  2,000  5,000  5,002  3,005  4,506  1,499  4,000  10,191  7,777  9,737  7,241  5,238  7,736  13,741  10,239  7,992  4,248  4,451  4,155  4,160  4,164  3,008  3,027 
Long-term debt, excluding current portion 8,418  8,969  8,996  9,018  9,532  9,554  9,564  11,578  11,578  14,494  14,497  14,475  15,921  15,893  18,323  20,331  20,336  25,625  25,684  25,725  28,222  30,471  30,634  24,483  24,431  21,591  21,594 
Total debt 9,418  11,471  9,502  11,526  11,532  14,554  14,566  14,583  16,084  15,993  18,497  24,666  23,698  25,630  25,564  25,569  28,072  39,366  35,923  33,717  32,470  34,922  34,789  28,643  28,595  24,599  24,621 
 
Total Cisco stockholders’ equity 40,400  39,496  42,701  41,275  40,205  39,121  38,157  37,920  35,708  35,533  34,423  33,571  36,804  40,789  43,848  43,204  46,661  51,982  65,550  66,137  65,382  63,811  63,406  63,586  62,358  60,871  59,977 
Solvency Ratio
Debt to equity1 0.23 0.29 0.22 0.28 0.29 0.37 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
Benchmarks
Debt to Equity, Competitors2
Apple Inc. 2.06 1.78 1.71 1.98 1.89 1.76 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
Enphase Energy Inc. 2.85 3.88 2.41 1.58 1.74 1.37 0.68 0.87 0.96 1.25 0.39 0.68 0.88 4.84 14.12 26.96 6.28

Based on: 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-23), 10-Q (reporting date: 2020-10-24), 10-K (reporting date: 2020-07-25), 10-Q (reporting date: 2020-04-25), 10-Q (reporting date: 2020-01-25), 10-Q (reporting date: 2019-10-26), 10-K (reporting date: 2019-07-27), 10-Q (reporting date: 2019-04-27), 10-Q (reporting date: 2019-01-26), 10-Q (reporting date: 2018-10-27), 10-K (reporting date: 2018-07-28), 10-Q (reporting date: 2018-04-28), 10-Q (reporting date: 2018-01-27), 10-Q (reporting date: 2017-10-28), 10-K (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-Q (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-K (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-23), 10-Q (reporting date: 2015-10-24).

1 Q3 2022 Calculation
Debt to equity = Total debt ÷ Total Cisco stockholders’ equity
= 9,418 ÷ 40,400 = 0.23

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. Cisco Systems Inc. debt to equity ratio deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 not reaching Q1 2022 level.

Debt to Capital

Cisco Systems Inc., debt to capital calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 23, 2021 Oct 24, 2020 Jul 25, 2020 Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015
Selected Financial Data (US$ in millions)
Short-term debt 1,000  2,502  506  2,508  2,000  5,000  5,002  3,005  4,506  1,499  4,000  10,191  7,777  9,737  7,241  5,238  7,736  13,741  10,239  7,992  4,248  4,451  4,155  4,160  4,164  3,008  3,027 
Long-term debt, excluding current portion 8,418  8,969  8,996  9,018  9,532  9,554  9,564  11,578  11,578  14,494  14,497  14,475  15,921  15,893  18,323  20,331  20,336  25,625  25,684  25,725  28,222  30,471  30,634  24,483  24,431  21,591  21,594 
Total debt 9,418  11,471  9,502  11,526  11,532  14,554  14,566  14,583  16,084  15,993  18,497  24,666  23,698  25,630  25,564  25,569  28,072  39,366  35,923  33,717  32,470  34,922  34,789  28,643  28,595  24,599  24,621 
Total Cisco stockholders’ equity 40,400  39,496  42,701  41,275  40,205  39,121  38,157  37,920  35,708  35,533  34,423  33,571  36,804  40,789  43,848  43,204  46,661  51,982  65,550  66,137  65,382  63,811  63,406  63,586  62,358  60,871  59,977 
Total capital 49,818  50,967  52,203  52,801  51,737  53,675  52,723  52,503  51,792  51,526  52,920  58,237  60,502  66,419  69,412  68,773  74,733  91,348  101,473  99,854  97,852  98,733  98,195  92,229  90,953  85,470  84,598 
Solvency Ratio
Debt to capital1 0.19 0.23 0.18 0.22 0.22 0.27 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
Benchmarks
Debt to Capital, Competitors2
Apple Inc. 0.67 0.64 0.63 0.66 0.65 0.64 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
Enphase Energy Inc. 0.74 0.80 0.71 0.61 0.63 0.58 0.41 0.46 0.49 0.56 0.28 0.41 0.47 0.83 0.93 0.96 2.38 2.59 1.22 1.20 1.05 0.86

Based on: 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-23), 10-Q (reporting date: 2020-10-24), 10-K (reporting date: 2020-07-25), 10-Q (reporting date: 2020-04-25), 10-Q (reporting date: 2020-01-25), 10-Q (reporting date: 2019-10-26), 10-K (reporting date: 2019-07-27), 10-Q (reporting date: 2019-04-27), 10-Q (reporting date: 2019-01-26), 10-Q (reporting date: 2018-10-27), 10-K (reporting date: 2018-07-28), 10-Q (reporting date: 2018-04-28), 10-Q (reporting date: 2018-01-27), 10-Q (reporting date: 2017-10-28), 10-K (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-Q (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-K (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-23), 10-Q (reporting date: 2015-10-24).

1 Q3 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 9,418 ÷ 49,818 = 0.19

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. Cisco Systems Inc. debt to capital ratio deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 not reaching Q1 2022 level.

Debt to Assets

Cisco Systems Inc., debt to assets calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 23, 2021 Oct 24, 2020 Jul 25, 2020 Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015
Selected Financial Data (US$ in millions)
Short-term debt 1,000  2,502  506  2,508  2,000  5,000  5,002  3,005  4,506  1,499  4,000  10,191  7,777  9,737  7,241  5,238  7,736  13,741  10,239  7,992  4,248  4,451  4,155  4,160  4,164  3,008  3,027 
Long-term debt, excluding current portion 8,418  8,969  8,996  9,018  9,532  9,554  9,564  11,578  11,578  14,494  14,497  14,475  15,921  15,893  18,323  20,331  20,336  25,625  25,684  25,725  28,222  30,471  30,634  24,483  24,431  21,591  21,594 
Total debt 9,418  11,471  9,502  11,526  11,532  14,554  14,566  14,583  16,084  15,993  18,497  24,666  23,698  25,630  25,564  25,569  28,072  39,366  35,923  33,717  32,470  34,922  34,789  28,643  28,595  24,599  24,621 
 
Total assets 92,797  94,262  95,981  97,497  93,896  95,601  95,003  94,853  91,394  90,426  92,492  97,793  97,287  102,462  105,429  108,784  114,008  131,510  130,522  129,818  125,950  126,248  126,287  121,652  118,654  112,642  111,773 
Solvency Ratio
Debt to assets1 0.10 0.12 0.10 0.12 0.12 0.15 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
Benchmarks
Debt to Assets, Competitors2
Apple Inc. 0.36 0.34 0.32 0.36 0.37 0.36 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
Enphase Energy Inc. 0.53 0.57 0.50 0.46 0.48 0.46 0.28 0.33 0.36 0.38 0.15 0.20 0.21 0.21 0.32 0.34 0.24 0.24 0.29 0.27 0.29 0.28

Based on: 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-23), 10-Q (reporting date: 2020-10-24), 10-K (reporting date: 2020-07-25), 10-Q (reporting date: 2020-04-25), 10-Q (reporting date: 2020-01-25), 10-Q (reporting date: 2019-10-26), 10-K (reporting date: 2019-07-27), 10-Q (reporting date: 2019-04-27), 10-Q (reporting date: 2019-01-26), 10-Q (reporting date: 2018-10-27), 10-K (reporting date: 2018-07-28), 10-Q (reporting date: 2018-04-28), 10-Q (reporting date: 2018-01-27), 10-Q (reporting date: 2017-10-28), 10-K (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-Q (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-K (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-23), 10-Q (reporting date: 2015-10-24).

1 Q3 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 9,418 ÷ 92,797 = 0.10

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. Cisco Systems Inc. debt to assets ratio deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 not reaching Q1 2022 level.

Financial Leverage

Cisco Systems Inc., financial leverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 23, 2021 Oct 24, 2020 Jul 25, 2020 Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015
Selected Financial Data (US$ in millions)
Total assets 92,797  94,262  95,981  97,497  93,896  95,601  95,003  94,853  91,394  90,426  92,492  97,793  97,287  102,462  105,429  108,784  114,008  131,510  130,522  129,818  125,950  126,248  126,287  121,652  118,654  112,642  111,773 
Total Cisco stockholders’ equity 40,400  39,496  42,701  41,275  40,205  39,121  38,157  37,920  35,708  35,533  34,423  33,571  36,804  40,789  43,848  43,204  46,661  51,982  65,550  66,137  65,382  63,811  63,406  63,586  62,358  60,871  59,977 
Solvency Ratio
Financial leverage1 2.30 2.39 2.25 2.36 2.34 2.44 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
Benchmarks
Financial Leverage, Competitors2
Apple Inc. 5.79 5.20 5.30 5.56 5.13 4.87 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
Enphase Energy Inc. 5.40 6.84 4.83 3.44 3.59 2.99 2.48 2.62 2.70 3.26 2.62 3.44 4.11 22.60 43.72 78.56 22.42

Based on: 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-23), 10-Q (reporting date: 2020-10-24), 10-K (reporting date: 2020-07-25), 10-Q (reporting date: 2020-04-25), 10-Q (reporting date: 2020-01-25), 10-Q (reporting date: 2019-10-26), 10-K (reporting date: 2019-07-27), 10-Q (reporting date: 2019-04-27), 10-Q (reporting date: 2019-01-26), 10-Q (reporting date: 2018-10-27), 10-K (reporting date: 2018-07-28), 10-Q (reporting date: 2018-04-28), 10-Q (reporting date: 2018-01-27), 10-Q (reporting date: 2017-10-28), 10-K (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-Q (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-K (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-23), 10-Q (reporting date: 2015-10-24).

1 Q3 2022 Calculation
Financial leverage = Total assets ÷ Total Cisco stockholders’ equity
= 92,797 ÷ 40,400 = 2.30

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. Cisco Systems Inc. financial leverage ratio increased from Q1 2022 to Q2 2022 but then slightly decreased from Q2 2022 to Q3 2022 not reaching Q1 2022 level.

Interest Coverage

Cisco Systems Inc., interest coverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 23, 2021 Oct 24, 2020 Jul 25, 2020 Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015
Selected Financial Data (US$ in millions)
Net income (loss) 3,044  2,973  2,980  3,009  2,863  2,545  2,174  2,636  2,774  2,878  2,926  2,206  3,044  2,822  3,549  3,803  2,691  (8,778) 2,394  2,424  2,515  2,348  2,322  2,813  2,349  3,147  2,430 
Add: Income tax expense 757  630  677  726  728  710  507  670  670  656  760  1,498  571  521  360  (211) 562  12,010  568  756  676  615  631  581  734  159  707 
Add: Interest expense 90  88  89  98  111  113  112  119  130  158  178  204  211  223  221  224  237  247  235  222  219  222  198  180  175  162  159 
Earnings before interest and tax (EBIT) 3,891  3,691  3,746  3,833  3,702  3,368  2,793  3,425  3,574  3,692  3,864  3,908  3,826  3,566  4,130  3,816  3,490  3,479  3,197  3,402  3,410  3,185  3,151  3,574  3,258  3,468  3,296 
Solvency Ratio
Interest coverage1 41.54 38.79 35.64 31.56 29.20 27.76 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
Benchmarks
Interest Coverage, Competitors2
Enphase Energy Inc. 8.47 5.44 3.68 4.69 6.07 3.41 6.69 6.31 6.77 16.84 10.30 5.48 2.13 0.82 0.04 -0.61 -1.25 -2.31 -4.71

Based on: 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-23), 10-Q (reporting date: 2020-10-24), 10-K (reporting date: 2020-07-25), 10-Q (reporting date: 2020-04-25), 10-Q (reporting date: 2020-01-25), 10-Q (reporting date: 2019-10-26), 10-K (reporting date: 2019-07-27), 10-Q (reporting date: 2019-04-27), 10-Q (reporting date: 2019-01-26), 10-Q (reporting date: 2018-10-27), 10-K (reporting date: 2018-07-28), 10-Q (reporting date: 2018-04-28), 10-Q (reporting date: 2018-01-27), 10-Q (reporting date: 2017-10-28), 10-K (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-Q (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-K (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-23), 10-Q (reporting date: 2015-10-24).

1 Q3 2022 Calculation
Interest coverage = (EBITQ3 2022 + EBITQ2 2022 + EBITQ1 2022 + EBITQ4 2021) ÷ (Interest expenseQ3 2022 + Interest expenseQ2 2022 + Interest expenseQ1 2022 + Interest expenseQ4 2021)
= (3,891 + 3,691 + 3,746 + 3,833) ÷ (90 + 88 + 89 + 98) = 41.54

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. Cisco Systems Inc. interest coverage ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.