Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company’s ability to meet long-term obligations.
Solvency Ratios (Summary)
Intuitive Surgical Inc., solvency ratios
Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-02).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | |
| 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. | |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Intuitive Surgical Inc.’s financial leverage ratio decreased from 2017 to 2018 but then slightly increased from 2018 to 2019. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. |
Debt to Equity
Intuitive Surgical Inc., debt to equity calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Total debt | — | — | — | — | — | |
| Total Intuitive Surgical, Inc. stockholders’ equity | 8,263,800 | 6,678,800 | 4,725,200 | 5,777,800 | 4,319,500 | |
| Solvency Ratio | ||||||
| Debt to equity1 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| Becton, Dickinson & Co. | 0.92 | 1.02 | 1.46 | 1.51 | 1.79 | |
| Boston Scientific Corp. | 0.72 | 0.81 | 0.80 | 0.81 | 0.90 | |
| Danaher Corp. | 0.72 | 0.35 | 0.40 | 0.53 | 0.54 | |
| Edwards Lifesciences Corp. | 0.14 | 0.19 | 0.35 | 0.31 | 0.24 | |
| Medtronic PLC | 0.51 | 0.51 | 0.66 | 0.60 | 0.68 | |
| Stryker Corp. | 0.87 | 0.84 | 0.72 | 0.72 | 0.47 | |
| Thermo Fisher Scientific Inc. | 0.60 | 0.69 | 0.83 | 0.77 | 0.59 | |
| UnitedHealth Group Inc. | 0.71 | 0.71 | 0.66 | 0.86 | 0.95 | |
| Debt to Equity, Sector | ||||||
| Health Care Equipment & Services | 0.64 | 0.62 | 0.69 | 0.71 | 0.73 | |
| Debt to Equity, Industry | ||||||
| Health Care | 0.90 | 0.82 | 0.83 | 0.78 | 0.71 | |
Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-02).
1 2019 Calculation
Debt to equity = Total debt ÷ Total Intuitive Surgical, Inc. stockholders’ equity
= 0 ÷ 8,263,800 = 0.00
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. |
Debt to Equity (including Operating Lease Liability)
Intuitive Surgical Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Total debt | — | — | — | — | — | |
| Current operating lease liability (reported as Other accrued liabilities) | 7,700 | — | — | — | — | |
| Long-term operating lease liability (reported as Other long-term liabilities) | 68,700 | — | — | — | — | |
| Total debt (including operating lease liability) | 76,400 | — | — | — | — | |
| Total Intuitive Surgical, Inc. stockholders’ equity | 8,263,800 | 6,678,800 | 4,725,200 | 5,777,800 | 4,319,500 | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| Boston Scientific Corp. | 0.75 | 0.81 | 0.80 | 0.81 | 0.90 | |
| Danaher Corp. | 0.74 | 0.35 | 0.40 | 0.53 | 0.54 | |
| Edwards Lifesciences Corp. | 0.16 | 0.19 | 0.35 | 0.31 | 0.24 | |
| Medtronic PLC | 0.51 | 0.51 | 0.66 | 0.60 | 0.68 | |
| Stryker Corp. | 0.90 | 0.84 | 0.72 | 0.72 | 0.47 | |
| Thermo Fisher Scientific Inc. | 0.62 | 0.69 | 0.83 | 0.77 | 0.59 | |
| UnitedHealth Group Inc. | 0.77 | 0.71 | 0.66 | 0.86 | 0.95 | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Health Care Equipment & Services | 0.67 | 0.62 | 0.69 | 0.71 | 0.73 | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Health Care | 0.92 | 0.82 | 0.83 | 0.78 | 0.71 | |
Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-02).
1 2019 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Intuitive Surgical, Inc. stockholders’ equity
= 76,400 ÷ 8,263,800 = 0.01
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. |
Debt to Capital
Intuitive Surgical Inc., debt to capital calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Total debt | — | — | — | — | — | |
| Total Intuitive Surgical, Inc. stockholders’ equity | 8,263,800 | 6,678,800 | 4,725,200 | 5,777,800 | 4,319,500 | |
| Total capital | 8,263,800 | 6,678,800 | 4,725,200 | 5,777,800 | 4,319,500 | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| Becton, Dickinson & Co. | 0.48 | 0.51 | 0.59 | 0.60 | 0.64 | |
| Boston Scientific Corp. | 0.42 | 0.45 | 0.44 | 0.45 | 0.47 | |
| Danaher Corp. | 0.42 | 0.26 | 0.29 | 0.35 | 0.35 | |
| Edwards Lifesciences Corp. | 0.13 | 0.16 | 0.26 | 0.24 | 0.19 | |
| Medtronic PLC | 0.34 | 0.34 | 0.40 | 0.38 | 0.40 | |
| Stryker Corp. | 0.46 | 0.46 | 0.42 | 0.42 | 0.32 | |
| Thermo Fisher Scientific Inc. | 0.37 | 0.41 | 0.45 | 0.44 | 0.37 | |
| UnitedHealth Group Inc. | 0.41 | 0.41 | 0.40 | 0.46 | 0.49 | |
| Debt to Capital, Sector | ||||||
| Health Care Equipment & Services | 0.39 | 0.38 | 0.41 | 0.41 | 0.42 | |
| Debt to Capital, Industry | ||||||
| Health Care | 0.47 | 0.45 | 0.45 | 0.44 | 0.41 | |
Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-02).
1 2019 Calculation
Debt to capital = Total debt ÷ Total capital
= 0 ÷ 8,263,800 = 0.00
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. |
Debt to Capital (including Operating Lease Liability)
Intuitive Surgical Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Total debt | — | — | — | — | — | |
| Current operating lease liability (reported as Other accrued liabilities) | 7,700 | — | — | — | — | |
| Long-term operating lease liability (reported as Other long-term liabilities) | 68,700 | — | — | — | — | |
| Total debt (including operating lease liability) | 76,400 | — | — | — | — | |
| Total Intuitive Surgical, Inc. stockholders’ equity | 8,263,800 | 6,678,800 | 4,725,200 | 5,777,800 | 4,319,500 | |
| Total capital (including operating lease liability) | 8,340,200 | 6,678,800 | 4,725,200 | 5,777,800 | 4,319,500 | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| Boston Scientific Corp. | 0.43 | 0.45 | 0.44 | 0.45 | 0.47 | |
| Danaher Corp. | 0.43 | 0.26 | 0.29 | 0.35 | 0.35 | |
| Edwards Lifesciences Corp. | 0.14 | 0.16 | 0.26 | 0.24 | 0.19 | |
| Medtronic PLC | 0.34 | 0.34 | 0.40 | 0.38 | 0.40 | |
| Stryker Corp. | 0.47 | 0.46 | 0.42 | 0.42 | 0.32 | |
| Thermo Fisher Scientific Inc. | 0.38 | 0.41 | 0.45 | 0.44 | 0.37 | |
| UnitedHealth Group Inc. | 0.44 | 0.41 | 0.40 | 0.46 | 0.49 | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Health Care Equipment & Services | 0.40 | 0.38 | 0.41 | 0.41 | 0.42 | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Health Care | 0.48 | 0.45 | 0.45 | 0.44 | 0.41 | |
Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-02).
1 2019 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 76,400 ÷ 8,340,200 = 0.01
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. |
Debt to Assets
Intuitive Surgical Inc., debt to assets calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Total debt | — | — | — | — | — | |
| Total assets | 9,733,200 | 7,846,700 | 5,758,000 | 6,486,900 | 4,907,300 | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| Becton, Dickinson & Co. | 0.37 | 0.40 | 0.50 | 0.45 | 0.48 | |
| Boston Scientific Corp. | 0.33 | 0.34 | 0.29 | 0.30 | 0.31 | |
| Danaher Corp. | 0.35 | 0.20 | 0.23 | 0.27 | 0.27 | |
| Edwards Lifesciences Corp. | 0.09 | 0.11 | 0.18 | 0.18 | 0.15 | |
| Medtronic PLC | 0.28 | 0.28 | 0.34 | 0.31 | 0.34 | |
| Stryker Corp. | 0.37 | 0.36 | 0.33 | 0.34 | 0.25 | |
| Thermo Fisher Scientific Inc. | 0.30 | 0.34 | 0.37 | 0.36 | 0.31 | |
| UnitedHealth Group Inc. | 0.23 | 0.24 | 0.23 | 0.27 | 0.29 | |
| Debt to Assets, Sector | ||||||
| Health Care Equipment & Services | 0.29 | 0.28 | 0.30 | 0.30 | 0.31 | |
| Debt to Assets, Industry | ||||||
| Health Care | 0.33 | 0.31 | 0.31 | 0.31 | 0.29 | |
Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-02).
1 2019 Calculation
Debt to assets = Total debt ÷ Total assets
= 0 ÷ 9,733,200 = 0.00
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. |
Debt to Assets (including Operating Lease Liability)
Intuitive Surgical Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Total debt | — | — | — | — | — | |
| Current operating lease liability (reported as Other accrued liabilities) | 7,700 | — | — | — | — | |
| Long-term operating lease liability (reported as Other long-term liabilities) | 68,700 | — | — | — | — | |
| Total debt (including operating lease liability) | 76,400 | — | — | — | — | |
| Total assets | 9,733,200 | 7,846,700 | 5,758,000 | 6,486,900 | 4,907,300 | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| Boston Scientific Corp. | 0.34 | 0.34 | 0.29 | 0.30 | 0.31 | |
| Danaher Corp. | 0.36 | 0.20 | 0.23 | 0.27 | 0.27 | |
| Edwards Lifesciences Corp. | 0.10 | 0.11 | 0.18 | 0.18 | 0.15 | |
| Medtronic PLC | 0.28 | 0.28 | 0.34 | 0.31 | 0.34 | |
| Stryker Corp. | 0.38 | 0.36 | 0.33 | 0.34 | 0.25 | |
| Thermo Fisher Scientific Inc. | 0.32 | 0.34 | 0.37 | 0.36 | 0.31 | |
| UnitedHealth Group Inc. | 0.26 | 0.24 | 0.23 | 0.27 | 0.29 | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Health Care Equipment & Services | 0.30 | 0.28 | 0.30 | 0.30 | 0.31 | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Health Care | 0.34 | 0.31 | 0.31 | 0.31 | 0.29 | |
Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-02).
1 2019 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 76,400 ÷ 9,733,200 = 0.01
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. |
Financial Leverage
Intuitive Surgical Inc., financial leverage calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Total assets | 9,733,200 | 7,846,700 | 5,758,000 | 6,486,900 | 4,907,300 | |
| Total Intuitive Surgical, Inc. stockholders’ equity | 8,263,800 | 6,678,800 | 4,725,200 | 5,777,800 | 4,319,500 | |
| Solvency Ratio | ||||||
| Financial leverage1 | 1.18 | 1.17 | 1.22 | 1.12 | 1.14 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| Becton, Dickinson & Co. | 2.46 | 2.57 | 2.91 | 3.35 | 3.74 | |
| Boston Scientific Corp. | 2.20 | 2.41 | 2.72 | 2.69 | 2.87 | |
| Danaher Corp. | 2.05 | 1.70 | 1.77 | 1.97 | 2.04 | |
| Edwards Lifesciences Corp. | 1.56 | 1.70 | 1.93 | 1.72 | 1.62 | |
| Medtronic PLC | 1.79 | 1.80 | 1.98 | 1.92 | 2.00 | |
| Stryker Corp. | 2.36 | 2.32 | 2.23 | 2.14 | 1.91 | |
| Thermo Fisher Scientific Inc. | 1.97 | 2.04 | 2.23 | 2.13 | 1.92 | |
| UnitedHealth Group Inc. | 3.02 | 2.94 | 2.91 | 3.21 | 3.29 | |
| Financial Leverage, Sector | ||||||
| Health Care Equipment & Services | 2.25 | 2.21 | 2.31 | 2.33 | 2.34 | |
| Financial Leverage, Industry | ||||||
| Health Care | 2.75 | 2.66 | 2.64 | 2.52 | 2.41 | |
Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-02).
1 2019 Calculation
Financial leverage = Total assets ÷ Total Intuitive Surgical, Inc. stockholders’ equity
= 9,733,200 ÷ 8,263,800 = 1.18
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. | Intuitive Surgical Inc.’s financial leverage ratio decreased from 2017 to 2018 but then slightly increased from 2018 to 2019. |
Interest Coverage
Intuitive Surgical Inc., interest coverage calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net income attributable to Intuitive Surgical, Inc. | 1,379,300 | 1,127,900 | 660,000 | 735,900 | 588,800 | |
| Add: Net income attributable to noncontrolling interest | 2,500 | (2,900) | — | — | — | |
| Add: Income tax expense | 120,400 | 154,500 | 436,500 | 244,900 | 169,700 | |
| Add: Interest expense | — | — | — | — | — | |
| Earnings before interest and tax (EBIT) | 1,502,200 | 1,279,500 | 1,096,500 | 980,800 | 758,500 | |
| Solvency Ratio | ||||||
| Interest coverage1 | — | — | — | — | — | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| Becton, Dickinson & Co. | 2.84 | 2.66 | 2.87 | 3.77 | 2.99 | |
| Boston Scientific Corp. | 2.45 | 6.90 | 5.07 | 1.76 | -1.29 | |
| Danaher Corp. | 31.44 | 21.92 | 19.06 | 15.16 | 21.42 | |
| Edwards Lifesciences Corp. | 57.35 | 26.46 | 45.61 | 39.43 | 37.19 | |
| Medtronic PLC | 4.60 | 5.95 | 5.21 | 4.13 | 6.23 | |
| Stryker Corp. | 9.93 | 9.92 | 9.35 | 9.43 | 17.06 | |
| Thermo Fisher Scientific Inc. | 7.02 | 5.89 | 5.10 | 5.31 | 5.67 | |
| UnitedHealth Group Inc. | 11.55 | 12.39 | 12.82 | 12.12 | 13.95 | |
| Interest Coverage, Sector | ||||||
| Health Care Equipment & Services | 8.03 | 8.63 | 8.42 | 7.47 | 8.88 | |
| Interest Coverage, Industry | ||||||
| Health Care | 10.32 | 10.02 | 10.37 | 10.96 | 13.39 | |
Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-02).
1 2019 Calculation
Interest coverage = EBIT ÷ Interest expense
= 1,502,200 ÷ 0 = —
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. |
Fixed Charge Coverage
Intuitive Surgical Inc., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net income attributable to Intuitive Surgical, Inc. | 1,379,300 | 1,127,900 | 660,000 | 735,900 | 588,800 | |
| Add: Net income attributable to noncontrolling interest | 2,500 | (2,900) | — | — | — | |
| Add: Income tax expense | 120,400 | 154,500 | 436,500 | 244,900 | 169,700 | |
| Add: Interest expense | — | — | — | — | — | |
| Earnings before interest and tax (EBIT) | 1,502,200 | 1,279,500 | 1,096,500 | 980,800 | 758,500 | |
| Add: Operating lease expense | 19,100 | — | — | — | — | |
| Earnings before fixed charges and tax | 1,521,300 | 1,279,500 | 1,096,500 | 980,800 | 758,500 | |
| Interest expense | — | — | — | — | — | |
| Operating lease expense | 19,100 | — | — | — | — | |
| Fixed charges | 19,100 | — | — | — | — | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | 79.65 | — | — | — | — | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| Becton, Dickinson & Co. | 1.99 | 1.92 | 2.18 | 3.15 | 2.61 | |
| Boston Scientific Corp. | 2.24 | 5.27 | 3.94 | 1.57 | -0.81 | |
| Danaher Corp. | 8.38 | 8.49 | 8.14 | 7.46 | 8.84 | |
| Edwards Lifesciences Corp. | 25.00 | 14.38 | 21.49 | 18.53 | 16.68 | |
| Medtronic PLC | 3.97 | 4.87 | 4.32 | 3.62 | 5.05 | |
| Stryker Corp. | 7.10 | 6.86 | 6.55 | 6.65 | 9.30 | |
| Thermo Fisher Scientific Inc. | 5.60 | 4.72 | 4.07 | 4.11 | 4.25 | |
| UnitedHealth Group Inc. | 7.65 | 8.41 | 8.40 | 8.08 | 8.61 | |
| Fixed Charge Coverage, Sector | ||||||
| Health Care Equipment & Services | 5.78 | 6.16 | 6.05 | 5.61 | 6.17 | |
| Fixed Charge Coverage, Industry | ||||||
| Health Care | 7.94 | 7.90 | 8.16 | 8.63 | 10.02 | |
Based on: 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-04), 10-K (filing date: 2018-02-02), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-02).
1 2019 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 1,521,300 ÷ 19,100 = 79.65
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. |