Microsoft Excel LibreOffice Calc

Intuitive Surgical Inc. (ISRG)


Analysis of Solvency Ratios

Low level of difficulty


Solvency Ratios (Summary)

Intuitive Surgical Inc., solvency ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Debt Ratios
Debt to equity 0.00 0.00 0.00 0.00 0.00
Debt to capital 0.00 0.00 0.00 0.00 0.00
Debt to assets 0.00 0.00 0.00 0.00 0.00
Financial leverage 1.17 1.22 1.12 1.14 1.17
Coverage Ratios
Interest coverage

Based on: 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), 10-K (filing date: 2015-02-06).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt 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 assets ratio A solvency ratio calculated as total debt 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 increased from 2016 to 2017 but then slightly declined from 2017 to 2018.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments.

Debt to Equity

Intuitive Surgical Inc., debt to equity calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in thousands)
Total debt —  —  —  —  — 
Total Intuitive Surgical, Inc. stockholders’ equity 6,678,800  4,725,200  5,777,800  4,319,500  3,379,400 
Solvency Ratio
Debt to equity1 0.00 0.00 0.00 0.00 0.00
Benchmarks
Debt to Equity, Competitors2
Becton, Dickinson & Co. 1.02 1.46 1.51 1.79 0.79
Medtronic PLC 0.51 0.66 0.60 0.68 0.61
Stryker Corp. 0.84 0.72 0.72 0.47 0.46
Thermo Fisher Scientific Inc. 0.69 0.83 0.77 0.59 0.71
UnitedHealth Group Inc. 0.71 0.66 0.86 0.95 0.54
Debt to Equity, Sector
Health Care Equipment & Services 0.67 0.74 0.74 0.76 0.58
Debt to Equity, Industry
Health Care 0.82 0.81 0.76 0.70 0.55

Based on: 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), 10-K (filing date: 2015-02-06).

1 2018 Calculation
Debt to equity = Total debt ÷ Total Intuitive Surgical, Inc. stockholders’ equity
= 0 ÷ 6,678,800 = 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 Capital

Intuitive Surgical Inc., debt to capital calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in thousands)
Total debt —  —  —  —  — 
Total Intuitive Surgical, Inc. stockholders’ equity 6,678,800  4,725,200  5,777,800  4,319,500  3,379,400 
Total capital 6,678,800  4,725,200  5,777,800  4,319,500  3,379,400 
Solvency Ratio
Debt to capital1 0.00 0.00 0.00 0.00 0.00
Benchmarks
Debt to Capital, Competitors2
Becton, Dickinson & Co. 0.51 0.59 0.60 0.64 0.44
Medtronic PLC 0.34 0.40 0.38 0.40 0.38
Stryker Corp. 0.46 0.42 0.42 0.32 0.32
Thermo Fisher Scientific Inc. 0.41 0.45 0.44 0.37 0.41
UnitedHealth Group Inc. 0.41 0.40 0.46 0.49 0.35
Debt to Capital, Sector
Health Care Equipment & Services 0.40 0.43 0.42 0.43 0.37
Debt to Capital, Industry
Health Care 0.45 0.45 0.43 0.41 0.36

Based on: 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), 10-K (filing date: 2015-02-06).

1 2018 Calculation
Debt to capital = Total debt ÷ Total capital
= 0 ÷ 6,678,800 = 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 Assets

Intuitive Surgical Inc., debt to assets calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in thousands)
Total debt —  —  —  —  — 
Total assets 7,846,700  5,758,000  6,486,900  4,907,300  3,959,400 
Solvency Ratio
Debt to assets1 0.00 0.00 0.00 0.00 0.00
Benchmarks
Debt to Assets, Competitors2
Becton, Dickinson & Co. 0.40 0.50 0.45 0.48 0.32
Medtronic PLC 0.28 0.34 0.31 0.34 0.31
Stryker Corp. 0.36 0.33 0.34 0.25 0.22
Thermo Fisher Scientific Inc. 0.34 0.37 0.36 0.31 0.34
UnitedHealth Group Inc. 0.24 0.23 0.27 0.29 0.20
Debt to Assets, Sector
Health Care Equipment & Services 0.29 0.31 0.31 0.32 0.26
Debt to Assets, Industry
Health Care 0.31 0.32 0.31 0.30 0.25

Based on: 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), 10-K (filing date: 2015-02-06).

1 2018 Calculation
Debt to assets = Total debt ÷ Total assets
= 0 ÷ 7,846,700 = 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.

Financial Leverage

Intuitive Surgical Inc., financial leverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in thousands)
Total assets 7,846,700  5,758,000  6,486,900  4,907,300  3,959,400 
Total Intuitive Surgical, Inc. stockholders’ equity 6,678,800  4,725,200  5,777,800  4,319,500  3,379,400 
Solvency Ratio
Financial leverage1 1.17 1.22 1.12 1.14 1.17
Benchmarks
Financial Leverage, Competitors2
Becton, Dickinson & Co. 2.57 2.91 3.35 3.74 2.46
Medtronic PLC 1.80 1.98 1.92 2.00 1.95
Stryker Corp. 2.32 2.23 2.14 1.91 2.06
Thermo Fisher Scientific Inc. 2.04 2.23 2.13 1.92 2.09
UnitedHealth Group Inc. 2.94 2.91 3.21 3.29 2.66
Financial Leverage, Sector
Health Care Equipment & Services 2.30 2.39 2.38 2.39 2.25
Financial Leverage, Industry
Health Care 2.63 2.56 2.44 2.34 2.21

Based on: 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), 10-K (filing date: 2015-02-06).

1 2018 Calculation
Financial leverage = Total assets ÷ Total Intuitive Surgical, Inc. stockholders’ equity
= 7,846,700 ÷ 6,678,800 = 1.17

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 increased from 2016 to 2017 but then slightly declined from 2017 to 2018.

Interest Coverage

Intuitive Surgical Inc., interest coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in thousands)
Net income attributable to Intuitive Surgical, Inc. 1,127,900  660,000  735,900  588,800  418,800 
Add: Net income attributable to noncontrolling interest (2,900) —  —  —  — 
Add: Income tax expense 154,500  436,500  244,900  169,700  130,200 
Add: Interest expense —  —  —  —  — 
Earnings before interest and tax (EBIT) 1,279,500  1,096,500  980,800  758,500  549,000 
Solvency Ratio
Interest coverage1
Benchmarks
Interest Coverage, Competitors2
Becton, Dickinson & Co. 2.66 2.87 3.77 2.99 12.27
Medtronic PLC 5.95 5.21 4.13 6.23 10.78
Stryker Corp. 9.92 9.35 9.43 17.06 11.27
Thermo Fisher Scientific Inc. 5.89 5.10 5.31 5.67 5.35
UnitedHealth Group Inc. 12.39 12.82 12.12 13.95 16.62
Interest Coverage, Sector
Health Care Equipment & Services 8.10 7.92 7.27 9.04 11.83
Interest Coverage, Industry
Health Care 8.71 8.71 9.62 11.68 15.13

Based on: 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), 10-K (filing date: 2015-02-06).

1 2018 Calculation
Interest coverage = EBIT ÷ Interest expense
= 1,279,500 ÷ 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.