Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
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- Income Statement
- Statement of Comprehensive Income
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Price to Book Value (P/BV) since 2005
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Solvency Ratios (Summary)
Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).
Solvency ratio | Description | The company |
---|---|---|
Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Starbucks Corp. debt to capital ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
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. | Starbucks Corp. debt to capital ratio (including operating lease liability) deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Starbucks Corp. debt to assets ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Starbucks Corp. debt to assets ratio (including operating lease liability) deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Solvency ratio | Description | The company |
---|---|---|
Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Starbucks Corp. interest coverage ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Starbucks Corp. fixed charge coverage ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Debt to Equity
Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Current portion of long-term debt | |||||||
Long-term debt, excluding current portion | |||||||
Total debt | |||||||
Shareholders’ equity (deficit) | |||||||
Solvency Ratio | |||||||
Debt to equity1 | |||||||
Benchmarks | |||||||
Debt to Equity, Competitors2 | |||||||
Airbnb Inc. | |||||||
Booking Holdings Inc. | |||||||
Chipotle Mexican Grill Inc. | |||||||
McDonald’s Corp. | |||||||
Debt to Equity, Sector | |||||||
Consumer Services | |||||||
Debt to Equity, Industry | |||||||
Consumer Discretionary |
Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).
1 2023 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity (deficit)
= ÷ =
2 Click competitor name to see calculations.
Debt to Equity (including Operating Lease Liability)
Starbucks Corp., debt to equity (including operating lease liability) calculation, comparison to benchmarks
Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Current portion of long-term debt | |||||||
Long-term debt, excluding current portion | |||||||
Total debt | |||||||
Current portion of operating lease liability | |||||||
Operating lease liability, excluding current portion | |||||||
Total debt (including operating lease liability) | |||||||
Shareholders’ equity (deficit) | |||||||
Solvency Ratio | |||||||
Debt to equity (including operating lease liability)1 | |||||||
Benchmarks | |||||||
Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||
Airbnb Inc. | |||||||
Booking Holdings Inc. | |||||||
Chipotle Mexican Grill Inc. | |||||||
McDonald’s Corp. | |||||||
Debt to Equity (including Operating Lease Liability), Sector | |||||||
Consumer Services | |||||||
Debt to Equity (including Operating Lease Liability), Industry | |||||||
Consumer Discretionary |
Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).
1 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Shareholders’ equity (deficit)
= ÷ =
2 Click competitor name to see calculations.
Debt to Capital
Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Current portion of long-term debt | |||||||
Long-term debt, excluding current portion | |||||||
Total debt | |||||||
Shareholders’ equity (deficit) | |||||||
Total capital | |||||||
Solvency Ratio | |||||||
Debt to capital1 | |||||||
Benchmarks | |||||||
Debt to Capital, Competitors2 | |||||||
Airbnb Inc. | |||||||
Booking Holdings Inc. | |||||||
Chipotle Mexican Grill Inc. | |||||||
McDonald’s Corp. | |||||||
Debt to Capital, Sector | |||||||
Consumer Services | |||||||
Debt to Capital, Industry | |||||||
Consumer Discretionary |
Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).
1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= ÷ =
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. | Starbucks Corp. debt to capital ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Debt to Capital (including Operating Lease Liability)
Starbucks Corp., debt to capital (including operating lease liability) calculation, comparison to benchmarks
Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Current portion of long-term debt | |||||||
Long-term debt, excluding current portion | |||||||
Total debt | |||||||
Current portion of operating lease liability | |||||||
Operating lease liability, excluding current portion | |||||||
Total debt (including operating lease liability) | |||||||
Shareholders’ equity (deficit) | |||||||
Total capital (including operating lease liability) | |||||||
Solvency Ratio | |||||||
Debt to capital (including operating lease liability)1 | |||||||
Benchmarks | |||||||
Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||
Airbnb Inc. | |||||||
Booking Holdings Inc. | |||||||
Chipotle Mexican Grill Inc. | |||||||
McDonald’s Corp. | |||||||
Debt to Capital (including Operating Lease Liability), Sector | |||||||
Consumer Services | |||||||
Debt to Capital (including Operating Lease Liability), Industry | |||||||
Consumer Discretionary |
Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).
1 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= ÷ =
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. | Starbucks Corp. debt to capital ratio (including operating lease liability) deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Debt to Assets
Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Current portion of long-term debt | |||||||
Long-term debt, excluding current portion | |||||||
Total debt | |||||||
Total assets | |||||||
Solvency Ratio | |||||||
Debt to assets1 | |||||||
Benchmarks | |||||||
Debt to Assets, Competitors2 | |||||||
Airbnb Inc. | |||||||
Booking Holdings Inc. | |||||||
Chipotle Mexican Grill Inc. | |||||||
McDonald’s Corp. | |||||||
Debt to Assets, Sector | |||||||
Consumer Services | |||||||
Debt to Assets, Industry | |||||||
Consumer Discretionary |
Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).
1 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= ÷ =
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. | Starbucks Corp. debt to assets ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Debt to Assets (including Operating Lease Liability)
Starbucks Corp., debt to assets (including operating lease liability) calculation, comparison to benchmarks
Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Current portion of long-term debt | |||||||
Long-term debt, excluding current portion | |||||||
Total debt | |||||||
Current portion of operating lease liability | |||||||
Operating lease liability, excluding current portion | |||||||
Total debt (including operating lease liability) | |||||||
Total assets | |||||||
Solvency Ratio | |||||||
Debt to assets (including operating lease liability)1 | |||||||
Benchmarks | |||||||
Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||
Airbnb Inc. | |||||||
Booking Holdings Inc. | |||||||
Chipotle Mexican Grill Inc. | |||||||
McDonald’s Corp. | |||||||
Debt to Assets (including Operating Lease Liability), Sector | |||||||
Consumer Services | |||||||
Debt to Assets (including Operating Lease Liability), Industry | |||||||
Consumer Discretionary |
Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).
1 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= ÷ =
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. | Starbucks Corp. debt to assets ratio (including operating lease liability) deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Financial Leverage
Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Total assets | |||||||
Shareholders’ equity (deficit) | |||||||
Solvency Ratio | |||||||
Financial leverage1 | |||||||
Benchmarks | |||||||
Financial Leverage, Competitors2 | |||||||
Airbnb Inc. | |||||||
Booking Holdings Inc. | |||||||
Chipotle Mexican Grill Inc. | |||||||
McDonald’s Corp. | |||||||
Financial Leverage, Sector | |||||||
Consumer Services | |||||||
Financial Leverage, Industry | |||||||
Consumer Discretionary |
Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).
1 2023 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity (deficit)
= ÷ =
2 Click competitor name to see calculations.
Interest Coverage
Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Net earnings attributable to Starbucks | |||||||
Add: Net income attributable to noncontrolling interest | |||||||
Add: Income tax expense | |||||||
Add: Interest expense | |||||||
Earnings before interest and tax (EBIT) | |||||||
Solvency Ratio | |||||||
Interest coverage1 | |||||||
Benchmarks | |||||||
Interest Coverage, Competitors2 | |||||||
Airbnb Inc. | |||||||
Booking Holdings Inc. | |||||||
Chipotle Mexican Grill Inc. | |||||||
McDonald’s Corp. | |||||||
Interest Coverage, Sector | |||||||
Consumer Services | |||||||
Interest Coverage, Industry | |||||||
Consumer Discretionary |
Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).
1 2023 Calculation
Interest coverage = EBIT ÷ Interest expense
= ÷ =
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. | Starbucks Corp. interest coverage ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Fixed Charge Coverage
Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | |||||||
Net earnings attributable to Starbucks | |||||||
Add: Net income attributable to noncontrolling interest | |||||||
Add: Income tax expense | |||||||
Add: Interest expense | |||||||
Earnings before interest and tax (EBIT) | |||||||
Add: Operating lease costs | |||||||
Earnings before fixed charges and tax | |||||||
Interest expense | |||||||
Operating lease costs | |||||||
Fixed charges | |||||||
Solvency Ratio | |||||||
Fixed charge coverage1 | |||||||
Benchmarks | |||||||
Fixed Charge Coverage, Competitors2 | |||||||
Airbnb Inc. | |||||||
Booking Holdings Inc. | |||||||
Chipotle Mexican Grill Inc. | |||||||
McDonald’s Corp. | |||||||
Fixed Charge Coverage, Sector | |||||||
Consumer Services | |||||||
Fixed Charge Coverage, Industry | |||||||
Consumer Discretionary |
Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).
1 2023 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= ÷ =
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. | Starbucks Corp. fixed charge coverage ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |