Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
NXP Semiconductors N.V., solvency ratios
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | NXP Semiconductors N.V. debt to equity ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | NXP Semiconductors N.V. debt to equity ratio (including operating lease liability) deteriorated from 2019 to 2020 and from 2020 to 2021. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | NXP Semiconductors N.V. debt to capital ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
| 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. | NXP Semiconductors N.V. debt to capital ratio (including operating lease liability) deteriorated from 2019 to 2020 and from 2020 to 2021. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | NXP Semiconductors N.V. debt to assets ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | NXP Semiconductors N.V. debt to assets ratio (including operating lease liability) deteriorated from 2019 to 2020 and from 2020 to 2021. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | NXP Semiconductors N.V. financial leverage ratio increased from 2019 to 2020 and from 2020 to 2021. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | NXP Semiconductors N.V. interest coverage ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | NXP Semiconductors N.V. fixed charge coverage ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Debt to Equity
NXP Semiconductors N.V., debt to equity calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term debt | —) | —) | —) | 1,107) | 751) | |
| Long-term debt | 10,572) | 7,609) | 7,365) | 6,247) | 5,814) | |
| Total debt | 10,572) | 7,609) | 7,365) | 7,354) | 6,565) | |
| Stockholders’ equity | 6,528) | 8,944) | 9,441) | 10,505) | 13,527) | |
| Solvency Ratio | ||||||
| Debt to equity1 | 1.62 | 0.85 | 0.78 | 0.70 | 0.49 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| Advanced Micro Devices Inc. | 0.04 | 0.06 | 0.17 | — | — | |
| Analog Devices Inc. | 0.18 | 0.43 | 0.47 | 0.58 | — | |
| Applied Materials Inc. | 0.45 | 0.52 | 0.65 | 0.78 | — | |
| Broadcom Inc. | 1.59 | 1.72 | 1.32 | 0.66 | — | |
| Intel Corp. | 0.40 | 0.45 | 0.37 | — | — | |
| KLA Corp. | 1.02 | 1.30 | 1.29 | 1.38 | — | |
| Lam Research Corp. | 0.83 | 1.12 | 0.96 | 0.37 | — | |
| Micron Technology Inc. | 0.15 | 0.17 | 0.16 | 0.14 | — | |
| NVIDIA Corp. | 0.41 | 0.16 | 0.21 | — | — | |
| ON Semiconductor Corp. | 0.68 | 0.99 | 1.09 | — | — | |
| Qualcomm Inc. | 1.58 | 2.59 | 3.25 | 17.64 | — | |
| Texas Instruments Inc. | 0.58 | 0.74 | 0.65 | — | — | |
| Debt to Equity, Sector | ||||||
| Semiconductors & Semiconductor Equipment | 0.50 | 0.63 | 0.59 | — | — | |
| Debt to Equity, Industry | ||||||
| Information Technology | 0.77 | 0.88 | 0.88 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31).
1 2021 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 10,572 ÷ 6,528 = 1.62
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. | NXP Semiconductors N.V. debt to equity ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Debt to Equity (including Operating Lease Liability)
NXP Semiconductors N.V., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term debt | —) | —) | —) | 1,107) | 751) | |
| Long-term debt | 10,572) | 7,609) | 7,365) | 6,247) | 5,814) | |
| Total debt | 10,572) | 7,609) | 7,365) | 7,354) | 6,565) | |
| Lease liabilities related to operating leases (included in Other current liabilities) | 56) | 60) | 62) | —) | —) | |
| Lease liabilities related to operating leases (included in Other non-current liabilities) | 181) | 177) | 176) | —) | —) | |
| Total debt (including operating lease liability) | 10,809) | 7,846) | 7,603) | 7,354) | 6,565) | |
| Stockholders’ equity | 6,528) | 8,944) | 9,441) | 10,505) | 13,527) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 1.66 | 0.88 | 0.81 | 0.70 | 0.49 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| Advanced Micro Devices Inc. | 0.10 | 0.10 | 0.26 | — | — | |
| Analog Devices Inc. | 0.19 | 0.46 | 0.47 | 0.58 | — | |
| Applied Materials Inc. | 0.47 | 0.54 | 0.65 | 0.78 | — | |
| Broadcom Inc. | 1.61 | 1.75 | 1.32 | 0.66 | — | |
| Intel Corp. | 0.40 | 0.46 | 0.38 | — | — | |
| KLA Corp. | 1.05 | 1.34 | 1.29 | 1.38 | — | |
| Lam Research Corp. | 0.86 | 1.16 | 0.96 | 0.37 | — | |
| Micron Technology Inc. | 0.17 | 0.19 | 0.16 | 0.14 | — | |
| NVIDIA Corp. | 0.46 | 0.22 | 0.21 | — | — | |
| ON Semiconductor Corp. | 0.71 | 1.03 | 1.13 | — | — | |
| Qualcomm Inc. | 1.64 | 2.67 | 3.25 | 17.64 | — | |
| Texas Instruments Inc. | 0.62 | 0.77 | 0.69 | — | — | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Semiconductors & Semiconductor Equipment | 0.52 | 0.65 | 0.59 | — | — | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Information Technology | 0.84 | 0.95 | 0.90 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31).
1 2021 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 10,809 ÷ 6,528 = 1.66
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. | NXP Semiconductors N.V. debt to equity ratio (including operating lease liability) deteriorated from 2019 to 2020 and from 2020 to 2021. |
Debt to Capital
NXP Semiconductors N.V., debt to capital calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term debt | —) | —) | —) | 1,107) | 751) | |
| Long-term debt | 10,572) | 7,609) | 7,365) | 6,247) | 5,814) | |
| Total debt | 10,572) | 7,609) | 7,365) | 7,354) | 6,565) | |
| Stockholders’ equity | 6,528) | 8,944) | 9,441) | 10,505) | 13,527) | |
| Total capital | 17,100) | 16,553) | 16,806) | 17,859) | 20,092) | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.62 | 0.46 | 0.44 | 0.41 | 0.33 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| Advanced Micro Devices Inc. | 0.04 | 0.05 | 0.15 | — | — | |
| Analog Devices Inc. | 0.15 | 0.30 | 0.32 | 0.37 | — | |
| Applied Materials Inc. | 0.31 | 0.34 | 0.39 | 0.44 | — | |
| Broadcom Inc. | 0.61 | 0.63 | 0.57 | 0.40 | — | |
| Intel Corp. | 0.29 | 0.31 | 0.27 | — | — | |
| KLA Corp. | 0.50 | 0.57 | 0.56 | 0.58 | — | |
| Lam Research Corp. | 0.45 | 0.53 | 0.49 | 0.27 | — | |
| Micron Technology Inc. | 0.13 | 0.15 | 0.14 | 0.13 | — | |
| NVIDIA Corp. | 0.29 | 0.14 | 0.18 | — | — | |
| ON Semiconductor Corp. | 0.40 | 0.50 | 0.52 | — | — | |
| Qualcomm Inc. | 0.61 | 0.72 | 0.76 | 0.95 | — | |
| Texas Instruments Inc. | 0.37 | 0.43 | 0.39 | — | — | |
| Debt to Capital, Sector | ||||||
| Semiconductors & Semiconductor Equipment | 0.34 | 0.39 | 0.37 | — | — | |
| Debt to Capital, Industry | ||||||
| Information Technology | 0.43 | 0.47 | 0.47 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31).
1 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= 10,572 ÷ 17,100 = 0.62
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. | NXP Semiconductors N.V. debt to capital ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Debt to Capital (including Operating Lease Liability)
NXP Semiconductors N.V., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term debt | —) | —) | —) | 1,107) | 751) | |
| Long-term debt | 10,572) | 7,609) | 7,365) | 6,247) | 5,814) | |
| Total debt | 10,572) | 7,609) | 7,365) | 7,354) | 6,565) | |
| Lease liabilities related to operating leases (included in Other current liabilities) | 56) | 60) | 62) | —) | —) | |
| Lease liabilities related to operating leases (included in Other non-current liabilities) | 181) | 177) | 176) | —) | —) | |
| Total debt (including operating lease liability) | 10,809) | 7,846) | 7,603) | 7,354) | 6,565) | |
| Stockholders’ equity | 6,528) | 8,944) | 9,441) | 10,505) | 13,527) | |
| Total capital (including operating lease liability) | 17,337) | 16,790) | 17,044) | 17,859) | 20,092) | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.62 | 0.47 | 0.45 | 0.41 | 0.33 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| Advanced Micro Devices Inc. | 0.09 | 0.09 | 0.20 | — | — | |
| Analog Devices Inc. | 0.16 | 0.31 | 0.32 | 0.37 | — | |
| Applied Materials Inc. | 0.32 | 0.35 | 0.39 | 0.44 | — | |
| Broadcom Inc. | 0.62 | 0.64 | 0.57 | 0.40 | — | |
| Intel Corp. | 0.29 | 0.31 | 0.28 | — | — | |
| KLA Corp. | 0.51 | 0.57 | 0.56 | 0.58 | — | |
| Lam Research Corp. | 0.46 | 0.54 | 0.49 | 0.27 | — | |
| Micron Technology Inc. | 0.14 | 0.16 | 0.14 | 0.13 | — | |
| NVIDIA Corp. | 0.31 | 0.18 | 0.18 | — | — | |
| ON Semiconductor Corp. | 0.42 | 0.51 | 0.53 | — | — | |
| Qualcomm Inc. | 0.62 | 0.73 | 0.76 | 0.95 | — | |
| Texas Instruments Inc. | 0.38 | 0.44 | 0.41 | — | — | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Semiconductors & Semiconductor Equipment | 0.34 | 0.39 | 0.37 | — | — | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Information Technology | 0.46 | 0.49 | 0.47 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31).
1 2021 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 10,809 ÷ 17,337 = 0.62
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. | NXP Semiconductors N.V. debt to capital ratio (including operating lease liability) deteriorated from 2019 to 2020 and from 2020 to 2021. |
Debt to Assets
NXP Semiconductors N.V., debt to assets calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term debt | —) | —) | —) | 1,107) | 751) | |
| Long-term debt | 10,572) | 7,609) | 7,365) | 6,247) | 5,814) | |
| Total debt | 10,572) | 7,609) | 7,365) | 7,354) | 6,565) | |
| Total assets | 20,864) | 19,847) | 20,016) | 21,530) | 24,049) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.51 | 0.38 | 0.37 | 0.34 | 0.27 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| Advanced Micro Devices Inc. | 0.03 | 0.04 | 0.08 | — | — | |
| Analog Devices Inc. | 0.13 | 0.24 | 0.26 | 0.31 | — | |
| Applied Materials Inc. | 0.21 | 0.24 | 0.28 | 0.30 | — | |
| Broadcom Inc. | 0.53 | 0.54 | 0.49 | 0.35 | — | |
| Intel Corp. | 0.23 | 0.24 | 0.21 | — | — | |
| KLA Corp. | 0.34 | 0.37 | 0.38 | 0.40 | — | |
| Lam Research Corp. | 0.31 | 0.40 | 0.37 | 0.19 | — | |
| Micron Technology Inc. | 0.12 | 0.12 | 0.12 | 0.11 | — | |
| NVIDIA Corp. | 0.24 | 0.11 | 0.15 | — | — | |
| ON Semiconductor Corp. | 0.32 | 0.40 | 0.43 | — | — | |
| Qualcomm Inc. | 0.38 | 0.44 | 0.48 | 0.50 | — | |
| Texas Instruments Inc. | 0.31 | 0.35 | 0.32 | — | — | |
| Debt to Assets, Sector | ||||||
| Semiconductors & Semiconductor Equipment | 0.27 | 0.30 | 0.29 | — | — | |
| Debt to Assets, Industry | ||||||
| Information Technology | 0.28 | 0.30 | 0.31 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31).
1 2021 Calculation
Debt to assets = Total debt ÷ Total assets
= 10,572 ÷ 20,864 = 0.51
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. | NXP Semiconductors N.V. debt to assets ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Debt to Assets (including Operating Lease Liability)
NXP Semiconductors N.V., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term debt | —) | —) | —) | 1,107) | 751) | |
| Long-term debt | 10,572) | 7,609) | 7,365) | 6,247) | 5,814) | |
| Total debt | 10,572) | 7,609) | 7,365) | 7,354) | 6,565) | |
| Lease liabilities related to operating leases (included in Other current liabilities) | 56) | 60) | 62) | —) | —) | |
| Lease liabilities related to operating leases (included in Other non-current liabilities) | 181) | 177) | 176) | —) | —) | |
| Total debt (including operating lease liability) | 10,809) | 7,846) | 7,603) | 7,354) | 6,565) | |
| Total assets | 20,864) | 19,847) | 20,016) | 21,530) | 24,049) | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.52 | 0.40 | 0.38 | 0.34 | 0.27 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| Advanced Micro Devices Inc. | 0.06 | 0.06 | 0.12 | — | — | |
| Analog Devices Inc. | 0.14 | 0.25 | 0.26 | 0.31 | — | |
| Applied Materials Inc. | 0.22 | 0.26 | 0.28 | 0.30 | — | |
| Broadcom Inc. | 0.53 | 0.55 | 0.49 | 0.35 | — | |
| Intel Corp. | 0.23 | 0.24 | 0.22 | — | — | |
| KLA Corp. | 0.35 | 0.38 | 0.38 | 0.40 | — | |
| Lam Research Corp. | 0.33 | 0.41 | 0.37 | 0.19 | — | |
| Micron Technology Inc. | 0.12 | 0.13 | 0.12 | 0.11 | — | |
| NVIDIA Corp. | 0.27 | 0.15 | 0.15 | — | — | |
| ON Semiconductor Corp. | 0.34 | 0.42 | 0.44 | — | — | |
| Qualcomm Inc. | 0.40 | 0.46 | 0.48 | 0.50 | — | |
| Texas Instruments Inc. | 0.33 | 0.37 | 0.34 | — | — | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Semiconductors & Semiconductor Equipment | 0.27 | 0.31 | 0.29 | — | — | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Information Technology | 0.31 | 0.33 | 0.32 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31).
1 2021 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 10,809 ÷ 20,864 = 0.52
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. | NXP Semiconductors N.V. debt to assets ratio (including operating lease liability) deteriorated from 2019 to 2020 and from 2020 to 2021. |
Financial Leverage
NXP Semiconductors N.V., financial leverage calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Total assets | 20,864) | 19,847) | 20,016) | 21,530) | 24,049) | |
| Stockholders’ equity | 6,528) | 8,944) | 9,441) | 10,505) | 13,527) | |
| Solvency Ratio | ||||||
| Financial leverage1 | 3.20 | 2.22 | 2.12 | 2.05 | 1.78 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| Advanced Micro Devices Inc. | 1.66 | 1.54 | 2.13 | — | — | |
| Analog Devices Inc. | 1.38 | 1.79 | 1.83 | 1.86 | — | |
| Applied Materials Inc. | 2.11 | 2.11 | 2.32 | 2.60 | — | |
| Broadcom Inc. | 3.03 | 3.18 | 2.71 | 1.88 | — | |
| Intel Corp. | 1.77 | 1.89 | 1.76 | — | — | |
| KLA Corp. | 3.04 | 3.48 | 3.39 | 3.47 | — | |
| Lam Research Corp. | 2.64 | 2.81 | 2.57 | 1.92 | — | |
| Micron Technology Inc. | 1.34 | 1.38 | 1.36 | 1.34 | — | |
| NVIDIA Corp. | 1.70 | 1.42 | 1.42 | — | — | |
| ON Semiconductor Corp. | 2.10 | 2.45 | 2.55 | — | — | |
| Qualcomm Inc. | 4.14 | 5.86 | 6.71 | 35.22 | — | |
| Texas Instruments Inc. | 1.85 | 2.11 | 2.02 | — | — | |
| Financial Leverage, Sector | ||||||
| Semiconductors & Semiconductor Equipment | 1.90 | 2.08 | 2.02 | — | — | |
| Financial Leverage, Industry | ||||||
| Information Technology | 2.72 | 2.90 | 2.87 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31).
1 2021 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 20,864 ÷ 6,528 = 3.20
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. | NXP Semiconductors N.V. financial leverage ratio increased from 2019 to 2020 and from 2020 to 2021. |
Interest Coverage
NXP Semiconductors N.V., interest coverage calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income attributable to stockholders | 1,871) | 52) | 243) | 2,208) | 2,215) | |
| Add: Net income attributable to noncontrolling interest | 35) | 28) | 29) | 50) | 57) | |
| Add: Income tax expense | 272) | (83) | 20) | 176) | (483) | |
| Add: Interest expense | 369) | 362) | 370) | 273) | 310) | |
| Earnings before interest and tax (EBIT) | 2,547) | 359) | 662) | 2,707) | 2,099) | |
| Solvency Ratio | ||||||
| Interest coverage1 | 6.90 | 0.99 | 1.79 | 9.92 | 6.77 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| Advanced Micro Devices Inc. | 109.09 | 28.23 | 4.96 | — | — | |
| Analog Devices Inc. | 8.19 | 7.79 | 7.49 | 7.46 | — | |
| Applied Materials Inc. | 29.69 | 18.36 | 14.79 | 21.06 | — | |
| Broadcom Inc. | 4.59 | 2.37 | 2.54 | 8.24 | — | |
| Intel Corp. | 37.35 | 40.87 | 50.20 | — | — | |
| KLA Corp. | 16.00 | 9.22 | 11.40 | 13.73 | — | |
| Lam Research Corp. | 21.95 | 15.51 | 21.86 | 33.36 | — | |
| Micron Technology Inc. | 35.18 | 16.41 | 56.09 | 42.83 | — | |
| NVIDIA Corp. | 24.96 | 58.12 | 68.17 | — | — | |
| ON Semiconductor Corp. | 9.88 | 2.05 | 2.87 | — | — | |
| Qualcomm Inc. | 19.38 | 10.50 | 12.93 | 1.67 | — | |
| Texas Instruments Inc. | 49.47 | 32.67 | 34.69 | — | — | |
| Interest Coverage, Sector | ||||||
| Semiconductors & Semiconductor Equipment | 18.17 | 13.65 | 16.41 | — | — | |
| Interest Coverage, Industry | ||||||
| Information Technology | 22.93 | 16.69 | 15.79 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31).
1 2021 Calculation
Interest coverage = EBIT ÷ Interest expense
= 2,547 ÷ 369 = 6.90
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. | NXP Semiconductors N.V. interest coverage ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Fixed Charge Coverage
NXP Semiconductors N.V., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income attributable to stockholders | 1,871) | 52) | 243) | 2,208) | 2,215) | |
| Add: Net income attributable to noncontrolling interest | 35) | 28) | 29) | 50) | 57) | |
| Add: Income tax expense | 272) | (83) | 20) | 176) | (483) | |
| Add: Interest expense | 369) | 362) | 370) | 273) | 310) | |
| Earnings before interest and tax (EBIT) | 2,547) | 359) | 662) | 2,707) | 2,099) | |
| Add: Operating lease cost | 66) | 65) | 59) | 57) | 63) | |
| Earnings before fixed charges and tax | 2,613) | 424) | 721) | 2,764) | 2,162) | |
| Interest expense | 369) | 362) | 370) | 273) | 310) | |
| Operating lease cost | 66) | 65) | 59) | 57) | 63) | |
| Fixed charges | 435) | 427) | 429) | 330) | 373) | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | 6.01 | 0.99 | 1.68 | 8.38 | 5.80 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| Advanced Micro Devices Inc. | 36.00 | 13.08 | 3.48 | — | — | |
| Analog Devices Inc. | 6.64 | 6.48 | 5.62 | 5.84 | — | |
| Applied Materials Inc. | 22.50 | 14.48 | 12.35 | 17.53 | — | |
| Broadcom Inc. | 3.70 | 1.92 | 2.27 | 6.28 | — | |
| Intel Corp. | 16.56 | 25.00 | 36.69 | — | — | |
| KLA Corp. | 13.03 | 7.74 | 10.39 | 12.67 | — | |
| Lam Research Corp. | 17.80 | 12.52 | 17.83 | 27.07 | — | |
| Micron Technology Inc. | 22.49 | 11.10 | 32.90 | 36.32 | — | |
| NVIDIA Corp. | 14.40 | 18.89 | 29.23 | — | — | |
| ON Semiconductor Corp. | 7.58 | 1.82 | 2.46 | — | — | |
| Qualcomm Inc. | 14.48 | 8.30 | 10.68 | 1.55 | — | |
| Texas Instruments Inc. | 36.25 | 24.14 | 25.27 | — | — | |
| Fixed Charge Coverage, Sector | ||||||
| Semiconductors & Semiconductor Equipment | 12.61 | 10.13 | 12.91 | — | — | |
| Fixed Charge Coverage, Industry | ||||||
| Information Technology | 13.50 | 10.20 | 10.46 | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31).
1 2021 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 2,613 ÷ 435 = 6.01
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. | NXP Semiconductors N.V. fixed charge coverage ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |