Stock Analysis on Net

Microsoft Corp. (NASDAQ:MSFT)

Analysis of Solvency Ratios
Quarterly Data

Microsoft Excel LibreOffice Calc

Solvency Ratios (Summary)

Microsoft Corp., solvency ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
Debt Ratios
Debt to equity 0.35 0.41 0.43 0.46 0.52 0.54 0.58 0.63 0.66 0.71 0.77 0.79 0.89 0.92 0.97 1.14 0.95 1.19 1.20 1.23 1.06 0.75 0.62 0.58 0.50
Debt to equity (including operating lease liability) 0.42 0.48 0.50 0.53 0.58 0.60 0.65 0.70 0.72 0.77 0.83 0.86 0.95 0.99 1.05 1.21 1.02 1.19 1.20 1.23 1.06 0.75 0.62 0.58 0.50
Debt to capital 0.26 0.29 0.30 0.32 0.34 0.35 0.37 0.39 0.40 0.41 0.44 0.44 0.47 0.48 0.49 0.53 0.49 0.54 0.55 0.55 0.51 0.43 0.38 0.37 0.33
Debt to capital (including operating lease liability) 0.29 0.32 0.33 0.35 0.37 0.38 0.39 0.41 0.42 0.43 0.45 0.46 0.49 0.50 0.51 0.55 0.50 0.54 0.55 0.55 0.51 0.43 0.38 0.37 0.33
Debt to assets 0.16 0.17 0.19 0.20 0.21 0.21 0.23 0.25 0.25 0.25 0.28 0.28 0.30 0.29 0.31 0.35 0.34 0.36 0.37 0.38 0.35 0.28 0.26 0.25 0.22
Debt to assets (including operating lease liability) 0.19 0.20 0.22 0.23 0.24 0.24 0.26 0.27 0.27 0.27 0.30 0.30 0.32 0.32 0.34 0.37 0.37 0.36 0.37 0.38 0.35 0.28 0.26 0.25 0.22
Financial leverage 2.21 2.35 2.30 2.34 2.44 2.55 2.49 2.57 2.63 2.80 2.78 2.81 3.00 3.13 3.10 3.27 2.78 3.33 3.23 3.26 3.02 2.69 2.43 2.35 2.23

Based on: 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Microsoft Corp. debt to equity ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.
Debt to equity (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Microsoft Corp. debt to equity ratio (including operating lease liability) improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Microsoft Corp. debt to capital ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.
Debt to capital (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Microsoft Corp. debt to capital ratio (including operating lease liability) improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Microsoft Corp. debt to assets ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.
Debt to assets (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Microsoft Corp. debt to assets ratio (including operating lease liability) improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Microsoft Corp. financial leverage ratio increased from Q3 2021 to Q4 2021 but then decreased significantly from Q4 2021 to Q1 2022.

Debt to Equity

Microsoft Corp., debt to equity calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
Selected Financial Data (US$ in millions)
Short-term debt —  —  —  —  —  —  —  —  —  —  —  —  —  —  230  12,466  8,170  9,072  7,187  25,065  14,536  12,904  5,498  3,000  9,998 
Current portion of long-term debt 3,249  8,072  8,051  5,387  6,497  3,749  3,748  6,247  3,017  5,516  6,515  3,516  6,497  3,998  3,447  3,446  1,050  1,049  599  599  —  —  —  750  750 
Long-term debt, excluding current portion 50,039  50,074  50,007  55,136  57,055  59,578  62,862  63,361  66,478  66,662  66,585  69,653  69,733  72,242  73,480  73,348  76,255  76,073  76,222  59,306  60,154  40,783  40,896  40,679  27,819 
Total debt 53,288  58,146  58,058  60,523  63,552  63,327  66,610  69,608  69,495  72,178  73,100  73,169  76,230  76,240  77,157  89,260  85,475  86,194  84,008  84,970  74,690  53,687  46,394  44,429  38,567 
 
Stockholders’ equity 151,978  141,988  134,505  130,236  123,392  118,304  114,501  110,109  106,061  102,330  94,864  92,128  85,967  82,718  79,239  78,360  89,647  72,394  69,729  68,809  70,372  71,997  74,806  76,780  77,445 
Solvency Ratio
Debt to equity1 0.35 0.41 0.43 0.46 0.52 0.54 0.58 0.63 0.66 0.71 0.77 0.79 0.89 0.92 0.97 1.14 0.95 1.19 1.20 1.23 1.06 0.75 0.62 0.58 0.50
Benchmarks
Debt to Equity, Competitors2
Accenture PLC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adobe Inc. 0.28 0.29 0.30 0.30 0.31 0.35 0.38 0.39 0.39 0.40 0.42 0.42 0.44 0.21 0.22 0.22 0.22 0.23 0.24 0.25 0.26 0.26 0.26 0.27
Autodesk Inc. 1.45 1.70 23.62 24.31 14.78 5.02 2.94 2.03 1.40 1.12 1.04 0.92 0.86 0.78 0.34
Automatic Data Processing Inc. 0.57 0.53 0.35 0.34 0.34 0.35 0.37 0.37 1.11 0.42 0.38 0.67 0.52 0.58 0.50 0.51 0.54 0.50 0.49 0.52 0.47 0.45 0.45 0.47 0.43
Fidelity National Information Services Inc. 0.42 0.40 0.40 0.41 0.41 0.41 0.41 0.41 0.41 1.83 0.93 0.88 0.90 0.85 0.86 0.81 0.91 0.98 0.96 1.08 1.12 1.17 1.20
Fiserv Inc. 0.66 0.66 0.67 0.64 0.67 0.69 0.69 0.66 0.69 5.40 2.45 2.60 1.98 1.69 1.55 1.79 2.17 1.98 1.91 1.80 1.80 1.72 1.66
International Business Machines Corp. 2.45 2.51 2.64 2.99 3.08 3.15 3.22 3.02 3.69 4.14 3.03 2.73 2.37 2.46 2.55 2.66 2.32 2.48 2.33 2.31 2.50 2.83 3.05
Intuit Inc. 0.21 0.21 0.20 0.27 0.45 0.66 0.08 0.11 0.12 0.12 0.11 0.15 0.15 0.19 0.19 0.95 0.73 0.36 0.29 1.46 1.18 0.86 0.80 1.94 0.81
Mastercard Inc. 2.07 2.16 2.19 1.98 2.17 1.93 2.31 1.45 1.56 1.56 1.22 1.17 1.10 1.11 1.13 0.99 0.84 0.91 0.93 0.92 0.53 0.57 0.61
Oracle Corp. 16.08 7.79 8.94 7.46 5.93 3.63 3.32 2.95 2.58 2.37 1.90 1.53 1.33 1.27 1.09 0.95 1.08 1.07 1.12 1.14 0.93 0.87 0.91 0.89
PayPal Holdings Inc. 0.36 0.43 0.46 0.45 0.48 0.51 0.50 0.29 0.30 0.15 0.13 0.13 0.13 0.13 0.20 0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00
salesforce.com inc. 0.06 0.06 0.07 0.07 0.08 0.08 0.08 0.17 0.19 0.20 0.25 0.27 0.29 0.18 0.21 0.22 0.23 0.27 0.27 0.29 0.23 0.26 0.27 0.28 0.30
ServiceNow Inc. 0.45 0.48 0.53 0.58 0.64 0.28 0.31 0.33 0.48 0.54 0.56 0.60 0.80 0.96 1.33 2.01 2.10 2.36 1.21 1.31 1.38 1.51 1.60
Visa Inc. 0.56 0.56 0.56 0.56 0.66 0.59 0.52 0.47 0.48 0.48 0.49 0.49 0.49 0.50 0.49 0.50 0.56 0.50 0.52 0.52 0.48 0.48 0.54 0.54

Based on: 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

1 Q1 2022 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 53,288 ÷ 151,978 = 0.35

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. Microsoft Corp. debt to equity ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.

Debt to Equity (including Operating Lease Liability)

Microsoft Corp., debt to equity (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
Selected Financial Data (US$ in millions)
Short-term debt —  —  —  —  —  —  —  —  —  —  —  —  —  —  230  12,466  8,170  9,072  7,187  25,065  14,536  12,904  5,498  3,000  9,998 
Current portion of long-term debt 3,249  8,072  8,051  5,387  6,497  3,749  3,748  6,247  3,017  5,516  6,515  3,516  6,497  3,998  3,447  3,446  1,050  1,049  599  599  —  —  —  750  750 
Long-term debt, excluding current portion 50,039  50,074  50,007  55,136  57,055  59,578  62,862  63,361  66,478  66,662  66,585  69,653  69,733  72,242  73,480  73,348  76,255  76,073  76,222  59,306  60,154  40,783  40,896  40,679  27,819 
Total debt 53,288  58,146  58,058  60,523  63,552  63,327  66,610  69,608  69,495  72,178  73,100  73,169  76,230  76,240  77,157  89,260  85,475  86,194  84,008  84,970  74,690  53,687  46,394  44,429  38,567 
Long-term operating lease liabilities 10,050  9,629  9,272  8,875  7,753  7,671  7,248  7,172  6,659  6,188  5,972  5,683  5,652  5,568  5,751  5,640  5,768  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 63,338  67,775  67,330  69,398  71,305  70,998  73,858  76,780  76,154  78,366  79,072  78,852  81,882  81,808  82,908  94,900  91,243  86,194  84,008  84,970  74,690  53,687  46,394  44,429  38,567 
 
Stockholders’ equity 151,978  141,988  134,505  130,236  123,392  118,304  114,501  110,109  106,061  102,330  94,864  92,128  85,967  82,718  79,239  78,360  89,647  72,394  69,729  68,809  70,372  71,997  74,806  76,780  77,445 
Solvency Ratio
Debt to equity (including operating lease liability)1 0.42 0.48 0.50 0.53 0.58 0.60 0.65 0.70 0.72 0.77 0.83 0.86 0.95 0.99 1.05 1.21 1.02 1.19 1.20 1.23 1.06 0.75 0.62 0.58 0.50
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Accenture PLC 0.17 0.18 0.18 0.19 0.19 0.21 0.22 0.22 0.22 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adobe Inc. 0.32 0.33 0.34 0.35 0.35 0.40 0.43 0.45 0.39 0.40 0.42 0.42 0.44 0.21 0.22 0.22 0.22 0.23 0.24 0.25 0.26 0.26 0.26 0.27
Autodesk Inc. 1.85 2.18 30.29 30.95 14.78 5.02 2.94 2.03 1.40 1.12 1.04 0.92 0.86 0.78 0.34
Automatic Data Processing Inc. 0.63 0.59 0.42 0.40 0.40 0.41 0.43 0.44 1.18 0.42 0.38 0.67 0.52 0.58 0.50 0.51 0.54 0.50 0.49 0.52 0.47 0.45 0.45 0.47 0.43
International Business Machines Corp. 2.65 2.72 2.86 3.23 3.32 3.39 3.47 3.27 3.98 4.44 3.33 2.73 2.37 2.46 2.55 2.66 2.32 2.48 2.33 2.31 2.50 2.83 3.05
Intuit Inc. 0.25 0.24 0.24 0.31 0.49 0.70 0.13 0.19 0.20 0.12 0.11 0.15 0.15 0.19 0.19 0.95 0.73 0.36 0.29 1.46 1.18 0.86 0.80 1.94 0.81
salesforce.com inc. 0.14 0.15 0.14 0.15 0.17 0.17 0.18 0.35 0.38 0.20 0.25 0.27 0.29 0.18 0.21 0.22 0.23 0.27 0.27 0.29 0.23 0.26 0.27 0.28 0.30
ServiceNow Inc. 0.63 0.64 0.69 0.75 0.82 0.48 0.53 0.53 0.79 0.88 0.91 0.60 0.80 0.96 1.33 2.01 2.10 2.36 1.21 1.31 1.38 1.51 1.60

Based on: 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

1 Q1 2022 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 63,338 ÷ 151,978 = 0.42

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Microsoft Corp. debt to equity ratio (including operating lease liability) improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.

Debt to Capital

Microsoft Corp., debt to capital calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
Selected Financial Data (US$ in millions)
Short-term debt —  —  —  —  —  —  —  —  —  —  —  —  —  —  230  12,466  8,170  9,072  7,187  25,065  14,536  12,904  5,498  3,000  9,998 
Current portion of long-term debt 3,249  8,072  8,051  5,387  6,497  3,749  3,748  6,247  3,017  5,516  6,515  3,516  6,497  3,998  3,447  3,446  1,050  1,049  599  599  —  —  —  750  750 
Long-term debt, excluding current portion 50,039  50,074  50,007  55,136  57,055  59,578  62,862  63,361  66,478  66,662  66,585  69,653  69,733  72,242  73,480  73,348  76,255  76,073  76,222  59,306  60,154  40,783  40,896  40,679  27,819 
Total debt 53,288  58,146  58,058  60,523  63,552  63,327  66,610  69,608  69,495  72,178  73,100  73,169  76,230  76,240  77,157  89,260  85,475  86,194  84,008  84,970  74,690  53,687  46,394  44,429  38,567 
Stockholders’ equity 151,978  141,988  134,505  130,236  123,392  118,304  114,501  110,109  106,061  102,330  94,864  92,128  85,967  82,718  79,239  78,360  89,647  72,394  69,729  68,809  70,372  71,997  74,806  76,780  77,445 
Total capital 205,266  200,134  192,563  190,759  186,944  181,631  181,111  179,717  175,556  174,508  167,964  165,297  162,197  158,958  156,396  167,620  175,122  158,588  153,737  153,779  145,062  125,684  121,200  121,209  116,012 
Solvency Ratio
Debt to capital1 0.26 0.29 0.30 0.32 0.34 0.35 0.37 0.39 0.40 0.41 0.44 0.44 0.47 0.48 0.49 0.53 0.49 0.54 0.55 0.55 0.51 0.43 0.38 0.37 0.33
Benchmarks
Debt to Capital, Competitors2
Accenture PLC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adobe Inc. 0.22 0.22 0.23 0.23 0.24 0.26 0.27 0.28 0.28 0.29 0.29 0.29 0.31 0.17 0.18 0.18 0.18 0.19 0.19 0.20 0.20 0.21 0.21 0.21
Autodesk Inc. 0.59 0.63 0.96 0.96 1.09 1.07 1.11 1.12 1.14 1.11 1.27 1.18 1.09 1.19 0.94 0.83 0.75 0.67 0.58 0.53 0.51 0.48 0.46 0.44 0.25
Automatic Data Processing Inc. 0.36 0.35 0.26 0.25 0.26 0.26 0.27 0.27 0.53 0.30 0.28 0.40 0.34 0.37 0.33 0.34 0.35 0.33 0.33 0.34 0.32 0.31 0.31 0.32 0.30
Fidelity National Information Services Inc. 0.30 0.29 0.29 0.29 0.29 0.29 0.29 0.29 0.29 0.65 0.48 0.47 0.47 0.46 0.46 0.45 0.48 0.50 0.49 0.52 0.53 0.54 0.55
Fiserv Inc. 0.40 0.40 0.40 0.39 0.40 0.41 0.41 0.40 0.41 0.84 0.71 0.72 0.66 0.63 0.61 0.64 0.69 0.66 0.66 0.64 0.64 0.63 0.62
International Business Machines Corp. 0.71 0.72 0.73 0.75 0.76 0.76 0.76 0.75 0.79 0.81 0.75 0.73 0.70 0.71 0.72 0.73 0.70 0.71 0.70 0.70 0.71 0.74 0.75
Intuit Inc. 0.17 0.17 0.17 0.21 0.31 0.40 0.08 0.10 0.10 0.10 0.10 0.13 0.13 0.16 0.16 0.49 0.42 0.26 0.23 0.59 0.54 0.46 0.44 0.66 0.45
Mastercard Inc. 0.67 0.68 0.69 0.66 0.68 0.66 0.70 0.59 0.61 0.61 0.55 0.54 0.52 0.53 0.53 0.50 0.46 0.48 0.48 0.48 0.35 0.36 0.38
Oracle Corp. 1.02 0.94 0.89 0.90 0.88 0.86 0.78 0.77 0.75 0.72 0.70 0.65 0.60 0.57 0.56 0.52 0.49 0.52 0.52 0.53 0.53 0.48 0.47 0.48 0.47
PayPal Holdings Inc. 0.26 0.30 0.32 0.31 0.33 0.34 0.33 0.23 0.23 0.13 0.12 0.11 0.12 0.12 0.17 0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00
salesforce.com inc. 0.06 0.06 0.06 0.07 0.07 0.07 0.08 0.15 0.16 0.17 0.20 0.21 0.22 0.15 0.17 0.18 0.19 0.21 0.21 0.23 0.19 0.21 0.21 0.22 0.23
ServiceNow Inc. 0.31 0.33 0.35 0.37 0.39 0.22 0.24 0.25 0.32 0.35 0.36 0.37 0.44 0.49 0.57 0.67 0.68 0.70 0.55 0.57 0.58 0.60 0.61
Visa Inc. 0.36 0.36 0.36 0.36 0.40 0.37 0.34 0.32 0.33 0.32 0.33 0.33 0.33 0.33 0.33 0.33 0.36 0.33 0.34 0.34 0.33 0.33 0.35 0.35

Based on: 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

1 Q1 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 53,288 ÷ 205,266 = 0.26

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. Microsoft Corp. debt to capital ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.

Debt to Capital (including Operating Lease Liability)

Microsoft Corp., debt to capital (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
Selected Financial Data (US$ in millions)
Short-term debt —  —  —  —  —  —  —  —  —  —  —  —  —  —  230  12,466  8,170  9,072  7,187  25,065  14,536  12,904  5,498  3,000  9,998 
Current portion of long-term debt 3,249  8,072  8,051  5,387  6,497  3,749  3,748  6,247  3,017  5,516  6,515  3,516  6,497  3,998  3,447  3,446  1,050  1,049  599  599  —  —  —  750  750 
Long-term debt, excluding current portion 50,039  50,074  50,007  55,136  57,055  59,578  62,862  63,361  66,478  66,662  66,585  69,653  69,733  72,242  73,480  73,348  76,255  76,073  76,222  59,306  60,154  40,783  40,896  40,679  27,819 
Total debt 53,288  58,146  58,058  60,523  63,552  63,327  66,610  69,608  69,495  72,178  73,100  73,169  76,230  76,240  77,157  89,260  85,475  86,194  84,008  84,970  74,690  53,687  46,394  44,429  38,567 
Long-term operating lease liabilities 10,050  9,629  9,272  8,875  7,753  7,671  7,248  7,172  6,659  6,188  5,972  5,683  5,652  5,568  5,751  5,640  5,768  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 63,338  67,775  67,330  69,398  71,305  70,998  73,858  76,780  76,154  78,366  79,072  78,852  81,882  81,808  82,908  94,900  91,243  86,194  84,008  84,970  74,690  53,687  46,394  44,429  38,567 
Stockholders’ equity 151,978  141,988  134,505  130,236  123,392  118,304  114,501  110,109  106,061  102,330  94,864  92,128  85,967  82,718  79,239  78,360  89,647  72,394  69,729  68,809  70,372  71,997  74,806  76,780  77,445 
Total capital (including operating lease liability) 215,316  209,763  201,835  199,634  194,697  189,302  188,359  186,889  182,215  180,696  173,936  170,980  167,849  164,526  162,147  173,260  180,890  158,588  153,737  153,779  145,062  125,684  121,200  121,209  116,012 
Solvency Ratio
Debt to capital (including operating lease liability)1 0.29 0.32 0.33 0.35 0.37 0.38 0.39 0.41 0.42 0.43 0.45 0.46 0.49 0.50 0.51 0.55 0.50 0.54 0.55 0.55 0.51 0.43 0.38 0.37 0.33
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Accenture PLC 0.15 0.15 0.15 0.16 0.16 0.17 0.18 0.18 0.18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adobe Inc. 0.24 0.25 0.25 0.26 0.26 0.29 0.30 0.31 0.28 0.29 0.29 0.29 0.31 0.17 0.18 0.18 0.18 0.19 0.19 0.20 0.20 0.21 0.21 0.21
Autodesk Inc. 0.65 0.69 0.97 0.97 1.07 1.06 1.09 1.10 1.12 1.11 1.27 1.18 1.09 1.19 0.94 0.83 0.75 0.67 0.58 0.53 0.51 0.48 0.46 0.44 0.25
Automatic Data Processing Inc. 0.39 0.37 0.29 0.28 0.29 0.29 0.30 0.31 0.54 0.30 0.28 0.40 0.34 0.37 0.33 0.34 0.35 0.33 0.33 0.34 0.32 0.31 0.31 0.32 0.30
International Business Machines Corp. 0.73 0.73 0.74 0.76 0.77 0.77 0.78 0.77 0.80 0.82 0.77 0.73 0.70 0.71 0.72 0.73 0.70 0.71 0.70 0.70 0.71 0.74 0.75
Intuit Inc. 0.20 0.20 0.19 0.24 0.33 0.41 0.11 0.16 0.17 0.10 0.10 0.13 0.13 0.16 0.16 0.49 0.42 0.26 0.23 0.59 0.54 0.46 0.44 0.66 0.45
salesforce.com inc. 0.13 0.13 0.13 0.13 0.14 0.15 0.15 0.26 0.27 0.17 0.20 0.21 0.22 0.15 0.17 0.18 0.19 0.21 0.21 0.23 0.19 0.21 0.21 0.22 0.23
ServiceNow Inc. 0.39 0.39 0.41 0.43 0.45 0.33 0.35 0.35 0.44 0.47 0.48 0.37 0.44 0.49 0.57 0.67 0.68 0.70 0.55 0.57 0.58 0.60 0.61

Based on: 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

1 Q1 2022 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 63,338 ÷ 215,316 = 0.29

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Microsoft Corp. debt to capital ratio (including operating lease liability) improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.

Debt to Assets

Microsoft Corp., debt to assets calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
Selected Financial Data (US$ in millions)
Short-term debt —  —  —  —  —  —  —  —  —  —  —  —  —  —  230  12,466  8,170  9,072  7,187  25,065  14,536  12,904  5,498  3,000  9,998 
Current portion of long-term debt 3,249  8,072  8,051  5,387  6,497  3,749  3,748  6,247  3,017  5,516  6,515  3,516  6,497  3,998  3,447  3,446  1,050  1,049  599  599  —  —  —  750  750 
Long-term debt, excluding current portion 50,039  50,074  50,007  55,136  57,055  59,578  62,862  63,361  66,478  66,662  66,585  69,653  69,733  72,242  73,480  73,348  76,255  76,073  76,222  59,306  60,154  40,783  40,896  40,679  27,819 
Total debt 53,288  58,146  58,058  60,523  63,552  63,327  66,610  69,608  69,495  72,178  73,100  73,169  76,230  76,240  77,157  89,260  85,475  86,194  84,008  84,970  74,690  53,687  46,394  44,429  38,567 
 
Total assets 335,418  333,779  308,879  304,137  301,001  301,311  285,449  282,794  278,955  286,556  263,281  258,859  257,619  258,848  245,497  256,003  249,097  241,086  225,017  224,610  212,524  193,694  181,869  180,098  172,896 
Solvency Ratio
Debt to assets1 0.16 0.17 0.19 0.20 0.21 0.21 0.23 0.25 0.25 0.25 0.28 0.28 0.30 0.29 0.31 0.35 0.34 0.36 0.37 0.38 0.35 0.28 0.26 0.25 0.22
Benchmarks
Debt to Assets, Competitors2
Accenture PLC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adobe Inc. 0.15 0.16 0.16 0.16 0.17 0.18 0.19 0.19 0.20 0.21 0.21 0.21 0.22 0.12 0.12 0.13 0.13 0.14 0.14 0.14 0.15 0.15 0.16 0.16
Autodesk Inc. 0.22 0.22 0.28 0.28 0.30 0.34 0.35 0.38 0.41 0.44 0.42 0.41 0.41 0.39 0.38 0.36 0.34 0.31 0.31 0.30 0.29 0.27 0.28 0.28 0.16
Automatic Data Processing Inc. 0.05 0.06 0.04 0.04 0.05 0.05 0.05 0.04 0.16 0.05 0.04 0.08 0.07 0.05 0.05 0.04 0.06 0.05 0.05 0.05 0.06 0.05 0.04 0.05 0.06
Fidelity National Information Services Inc. 0.24 0.24 0.24 0.24 0.24 0.24 0.25 0.24 0.24 0.56 0.38 0.38 0.38 0.37 0.37 0.36 0.37 0.39 0.38 0.40 0.41 0.42 0.43
Fiserv Inc. 0.28 0.28 0.28 0.28 0.29 0.28 0.30 0.28 0.29 0.70 0.50 0.53 0.49 0.47 0.45 0.48 0.50 0.49 0.48 0.47 0.48 0.48 0.47
International Business Machines Corp. 0.38 0.38 0.38 0.39 0.42 0.42 0.42 0.41 0.44 0.47 0.38 0.37 0.38 0.37 0.37 0.37 0.38 0.38 0.36 0.36 0.37 0.38 0.38
Intuit Inc. 0.14 0.13 0.13 0.16 0.24 0.31 0.05 0.06 0.07 0.07 0.06 0.08 0.09 0.08 0.08 0.23 0.22 0.12 0.10 0.26 0.28 0.24 0.20 0.29 0.22
Mastercard Inc. 0.39 0.40 0.40 0.38 0.40 0.39 0.41 0.29 0.30 0.32 0.27 0.25 0.27 0.26 0.28 0.25 0.26 0.27 0.28 0.28 0.19 0.20 0.21
Oracle Corp. 0.67 0.64 0.59 0.64 0.62 0.62 0.53 0.52 0.51 0.52 0.51 0.49 0.45 0.44 0.44 0.44 0.40 0.43 0.43 0.44 0.44 0.39 0.38 0.39 0.38
PayPal Holdings Inc. 0.11 0.12 0.12 0.13 0.14 0.14 0.15 0.10 0.10 0.05 0.04 0.05 0.05 0.05 0.07 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00
salesforce.com inc. 0.04 0.04 0.05 0.05 0.05 0.05 0.06 0.09 0.10 0.10 0.14 0.14 0.14 0.08 0.10 0.10 0.11 0.11 0.13 0.12 0.10 0.10 0.12 0.12 0.12
ServiceNow Inc. 0.17 0.17 0.18 0.19 0.22 0.11 0.11 0.12 0.14 0.15 0.15 0.17 0.23 0.25 0.31 0.35 0.38 0.39 0.24 0.25 0.28 0.29 0.26
Visa Inc. 0.25 0.25 0.26 0.26 0.30 0.27 0.25 0.22 0.23 0.24 0.24 0.23 0.24 0.24 0.24 0.25 0.27 0.25 0.25 0.26 0.25 0.25 0.29 0.29

Based on: 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

1 Q1 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 53,288 ÷ 335,418 = 0.16

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. Microsoft Corp. debt to assets ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.

Debt to Assets (including Operating Lease Liability)

Microsoft Corp., debt to assets (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
Selected Financial Data (US$ in millions)
Short-term debt —  —  —  —  —  —  —  —  —  —  —  —  —  —  230  12,466  8,170  9,072  7,187  25,065  14,536  12,904  5,498  3,000  9,998 
Current portion of long-term debt 3,249  8,072  8,051  5,387  6,497  3,749  3,748  6,247  3,017  5,516  6,515  3,516  6,497  3,998  3,447  3,446  1,050  1,049  599  599  —  —  —  750  750 
Long-term debt, excluding current portion 50,039  50,074  50,007  55,136  57,055  59,578  62,862  63,361  66,478  66,662  66,585  69,653  69,733  72,242  73,480  73,348  76,255  76,073  76,222  59,306  60,154  40,783  40,896  40,679  27,819 
Total debt 53,288  58,146  58,058  60,523  63,552  63,327  66,610  69,608  69,495  72,178  73,100  73,169  76,230  76,240  77,157  89,260  85,475  86,194  84,008  84,970  74,690  53,687  46,394  44,429  38,567 
Long-term operating lease liabilities 10,050  9,629  9,272  8,875  7,753  7,671  7,248  7,172  6,659  6,188  5,972  5,683  5,652  5,568  5,751  5,640  5,768  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 63,338  67,775  67,330  69,398  71,305  70,998  73,858  76,780  76,154  78,366  79,072  78,852  81,882  81,808  82,908  94,900  91,243  86,194  84,008  84,970  74,690  53,687  46,394  44,429  38,567 
 
Total assets 335,418  333,779  308,879  304,137  301,001  301,311  285,449  282,794  278,955  286,556  263,281  258,859  257,619  258,848  245,497  256,003  249,097  241,086  225,017  224,610  212,524  193,694  181,869  180,098  172,896 
Solvency Ratio
Debt to assets (including operating lease liability)1 0.19 0.20 0.22 0.23 0.24 0.24 0.26 0.27 0.27 0.27 0.30 0.30 0.32 0.32 0.34 0.37 0.37 0.36 0.37 0.38 0.35 0.28 0.26 0.25 0.22
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Accenture PLC 0.08 0.08 0.08 0.09 0.09 0.09 0.10 0.10 0.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adobe Inc. 0.17 0.18 0.18 0.19 0.19 0.21 0.22 0.22 0.20 0.21 0.21 0.21 0.22 0.12 0.12 0.13 0.13 0.14 0.14 0.14 0.15 0.15 0.16 0.16
Autodesk Inc. 0.29 0.29 0.35 0.36 0.38 0.41 0.41 0.44 0.48 0.44 0.42 0.41 0.41 0.39 0.38 0.36 0.34 0.31 0.31 0.30 0.29 0.27 0.28 0.28 0.16
Automatic Data Processing Inc. 0.06 0.07 0.04 0.05 0.05 0.06 0.05 0.05 0.17 0.05 0.04 0.08 0.07 0.05 0.05 0.04 0.06 0.05 0.05 0.05 0.06 0.05 0.04 0.05 0.06
International Business Machines Corp. 0.41 0.41 0.41 0.43 0.46 0.45 0.45 0.45 0.48 0.51 0.42 0.37 0.38 0.37 0.37 0.37 0.38 0.38 0.36 0.36 0.37 0.38 0.38
Intuit Inc. 0.16 0.16 0.15 0.19 0.27 0.33 0.08 0.10 0.12 0.07 0.06 0.08 0.09 0.08 0.08 0.23 0.22 0.12 0.10 0.26 0.28 0.24 0.20 0.29 0.22
salesforce.com inc. 0.09 0.09 0.10 0.10 0.11 0.11 0.12 0.18 0.19 0.10 0.14 0.14 0.14 0.08 0.10 0.10 0.11 0.11 0.13 0.12 0.10 0.10 0.12 0.12 0.12
ServiceNow Inc. 0.23 0.23 0.24 0.24 0.29 0.18 0.19 0.19 0.24 0.24 0.25 0.17 0.23 0.25 0.31 0.35 0.38 0.39 0.24 0.25 0.28 0.29 0.26

Based on: 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

1 Q1 2022 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 63,338 ÷ 335,418 = 0.19

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Microsoft Corp. debt to assets ratio (including operating lease liability) improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.

Financial Leverage

Microsoft Corp., financial leverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
Selected Financial Data (US$ in millions)
Total assets 335,418  333,779  308,879  304,137  301,001  301,311  285,449  282,794  278,955  286,556  263,281  258,859  257,619  258,848  245,497  256,003  249,097  241,086  225,017  224,610  212,524  193,694  181,869  180,098  172,896 
Stockholders’ equity 151,978  141,988  134,505  130,236  123,392  118,304  114,501  110,109  106,061  102,330  94,864  92,128  85,967  82,718  79,239  78,360  89,647  72,394  69,729  68,809  70,372  71,997  74,806  76,780  77,445 
Solvency Ratio
Financial leverage1 2.21 2.35 2.30 2.34 2.44 2.55 2.49 2.57 2.63 2.80 2.78 2.81 3.00 3.13 3.10 3.27 2.78 3.33 3.23 3.26 3.02 2.69 2.43 2.35 2.23
Benchmarks
Financial Leverage, Competitors2
Accenture PLC 2.15 2.21 2.18 2.18 2.14 2.18 2.19 2.17 2.19 2.07 2.05 2.05 2.11 2.36 2.37 2.39 2.52 2.54 2.59 2.52 2.76 2.73 2.69 2.66 3.05
Adobe Inc. 1.84 1.81 1.85 1.84 1.83 1.91 1.99 2.03 1.97 1.96 1.98 1.98 2.00 1.74 1.74 1.73 1.72 1.70 1.71 1.72 1.71 1.70 1.69 1.68
Autodesk Inc. 6.47 7.54 85.78 85.40 38.70 13.80 8.72 6.54 4.55 3.79 3.63 3.41 3.01 2.81 2.15
Automatic Data Processing Inc. 11.21 8.60 9.59 8.36 7.30 6.81 7.90 9.15 7.04 7.76 9.19 8.15 8.00 10.72 10.94 11.33 9.02 9.35 10.69 10.48 8.08 9.74 11.35 9.49 7.43
Fidelity National Information Services Inc. 1.73 1.70 1.70 1.70 1.70 1.69 1.68 1.70 1.70 3.29 2.43 2.33 2.35 2.29 2.33 2.26 2.43 2.52 2.54 2.67 2.71 2.78 2.81
Fiserv Inc. 2.40 2.38 2.35 2.31 2.28 2.44 2.28 2.35 2.38 7.71 4.88 4.91 4.04 3.59 3.42 3.77 4.34 4.05 4.00 3.83 3.75 3.61 3.56
International Business Machines Corp. 6.49 6.69 6.95 7.57 7.27 7.50 7.67 7.30 8.33 8.76 7.94 7.35 6.17 6.57 6.90 7.12 6.20 6.54 6.41 6.44 6.80 7.50 7.96
Intuit Inc. 1.53 1.57 1.58 1.65 1.85 2.14 1.64 1.80 1.70 1.68 1.70 1.91 1.77 2.20 2.45 4.23 3.38 3.00 2.93 5.57 4.20 3.66 3.96 6.78 3.65
Mastercard Inc. 5.28 5.42 5.50 5.25 5.45 4.97 5.68 4.96 5.25 4.94 4.55 4.61 4.04 4.27 4.02 3.90 3.25 3.39 3.31 3.30 2.79 2.79 2.90
Oracle Corp. 25.03 13.27 13.90 11.96 9.56 6.79 6.33 5.76 4.99 4.61 3.87 3.37 3.00 2.89 2.48 2.39 2.51 2.48 2.55 2.60 2.37 2.29 2.32 2.33
PayPal Holdings Inc. 3.37 3.53 3.73 3.52 3.55 3.58 3.40 3.04 3.05 3.00 3.05 2.82 2.89 2.77 2.89 2.55 2.45 2.35 2.29 2.25 2.21 2.22 2.17
salesforce.com inc. 1.52 1.60 1.47 1.50 1.55 1.63 1.50 1.94 2.02 1.97 1.81 1.91 2.08 2.24 1.98 2.06 2.15 2.34 2.11 2.35 2.30 2.55 2.30 2.38 2.45
ServiceNow Inc. 2.68 2.81 2.90 3.07 2.88 2.63 2.73 2.83 3.33 3.65 3.68 3.49 3.51 3.89 4.28 5.82 5.57 6.06 5.08 5.26 5.00 5.29 6.20
Visa Inc. 2.21 2.19 2.13 2.13 2.23 2.19 2.11 2.12 2.09 2.01 2.04 2.10 2.04 2.05 2.02 2.01 2.08 2.00 2.05 2.00 1.95 1.95 1.86 1.87

Based on: 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

1 Q1 2022 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 335,418 ÷ 151,978 = 2.21

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. Microsoft Corp. financial leverage ratio increased from Q3 2021 to Q4 2021 but then decreased significantly from Q4 2021 to Q1 2022.