Stock Analysis on Net
Stock Analysis on Net

T-Mobile US Inc. (NASDAQ:TMUS)

Analysis of Solvency Ratios
Quarterly Data

Beginner level

Solvency Ratios (Summary)

T-Mobile US Inc., solvency ratios (quarterly data)

Microsoft Excel LibreOffice Calc
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 Jun 30, 2015 Mar 31, 2015
Debt Ratios
Debt to equity 1.19 0.94 0.95 1.00 1.02 1.07 1.11 1.12 1.20 1.33 1.26 1.40 1.45 1.60 1.52 1.55 1.58 1.55 1.59 1.36 1.39 1.43
Debt to equity (including operating lease liability) 1.50 1.37 1.39 1.47 1.48 1.51 1.11 1.12 1.20 1.33 1.26 1.40 1.45 1.60 1.52 1.55 1.58 1.55 1.59 1.36 1.39 1.43
Debt to capital 0.54 0.48 0.49 0.50 0.51 0.52 0.53 0.53 0.54 0.57 0.56 0.58 0.59 0.61 0.60 0.61 0.61 0.61 0.61 0.58 0.58 0.59
Debt to capital (including operating lease liability) 0.60 0.58 0.58 0.59 0.60 0.60 0.53 0.53 0.54 0.57 0.56 0.58 0.59 0.61 0.60 0.61 0.61 0.61 0.61 0.58 0.58 0.59
Debt to assets 0.40 0.31 0.31 0.32 0.32 0.34 0.38 0.39 0.40 0.42 0.40 0.42 0.42 0.44 0.42 0.43 0.43 0.42 0.42 0.38 0.39 0.39
Debt to assets (including operating lease liability) 0.51 0.46 0.46 0.47 0.47 0.48 0.38 0.39 0.40 0.42 0.40 0.42 0.42 0.44 0.42 0.43 0.43 0.42 0.42 0.38 0.39 0.39
Financial leverage 2.97 3.01 3.02 3.10 3.14 3.17 2.93 2.88 2.98 3.15 3.13 3.35 3.42 3.59 3.61 3.60 3.68 3.69 3.77 3.60 3.56 3.61
Coverage Ratios
Interest coverage 2.90 5.12 5.06 4.88 4.72 4.45 3.89 3.57 3.26 3.08 2.89 2.85 2.63 2.25 2.35 2.24 2.08 2.15 1.65

Based on: 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-28), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-K (filing date: 2016-02-17), 10-Q (filing date: 2015-10-27), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-28).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. T-Mobile US Inc.’s debt to equity ratio improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.
Debt to equity (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. T-Mobile US Inc.’s debt to equity ratio (including operating lease liability) improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. T-Mobile US Inc.’s debt to capital ratio improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.
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. T-Mobile US Inc.’s debt to capital ratio (including operating lease liability) improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. T-Mobile US Inc.’s debt to assets ratio improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.
Debt to assets (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. T-Mobile US Inc.’s debt to assets ratio (including operating lease liability) improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. T-Mobile US Inc.’s financial leverage ratio decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. T-Mobile US Inc.’s interest coverage ratio improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.

Debt to Equity

T-Mobile US Inc., debt to equity calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Short-term debt 3,818  —  25  475  300  250  841  783  1,004  3,320  1,612  558  522  7,542  354  325  258  365  182  114  386  467 
Short-term debt to affiliates 1,235  2,000  —  —  —  598  —  —  320  445  —  —  680  —  —  —  —  —  —  —  —  — 
Short-term financing lease liabilities 1,040  918  957  1,013  963  911  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term debt 62,783  10,959  10,958  10,956  10,954  10,952  12,124  11,993  12,065  12,127  12,121  13,163  13,206  13,105  21,832  21,825  21,574  20,505  20,484  16,442  16,386  16,261 
Long-term debt to affiliates 4,706  11,987  13,986  13,986  13,985  13,985  14,582  14,581  14,581  14,586  14,586  14,586  14,086  9,600  5,600  5,600  5,600  5,600  5,600  5,600  5,600  5,600 
Long-term financing lease liabilities 1,416  1,276  1,346  1,440  1,314  1,224  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt 74,998  27,140  27,272  27,870  27,516  27,920  27,547  27,357  27,970  30,478  28,319  28,307  28,494  30,247  27,786  27,750  27,432  26,470  26,266  22,156  22,372  22,328 
 
Stockholders’ equity 62,996  28,977  28,789  27,771  26,967  26,181  24,718  24,355  23,390  22,876  22,559  20,277  19,614  18,963  18,236  17,853  17,395  17,104  16,557  16,252  16,053  15,650 
Solvency Ratio
Debt to equity1 1.19 0.94 0.95 1.00 1.02 1.07 1.11 1.12 1.20 1.33 1.26 1.40 1.45 1.60 1.52 1.55 1.58 1.55 1.59 1.36 1.39 1.43

Based on: 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-28), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-K (filing date: 2016-02-17), 10-Q (filing date: 2015-10-27), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-28).

1 Q2 2020 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 74,998 ÷ 62,996 = 1.19

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. T-Mobile US Inc.’s debt to equity ratio improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.

Debt to Equity (including Operating Lease Liability)

T-Mobile US Inc., debt to equity (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Short-term debt 3,818  —  25  475  300  250  841  783  1,004  3,320  1,612  558  522  7,542  354  325  258  365  182  114  386  467 
Short-term debt to affiliates 1,235  2,000  —  —  —  598  —  —  320  445  —  —  680  —  —  —  —  —  —  —  —  — 
Short-term financing lease liabilities 1,040  918  957  1,013  963  911  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term debt 62,783  10,959  10,958  10,956  10,954  10,952  12,124  11,993  12,065  12,127  12,121  13,163  13,206  13,105  21,832  21,825  21,574  20,505  20,484  16,442  16,386  16,261 
Long-term debt to affiliates 4,706  11,987  13,986  13,986  13,985  13,985  14,582  14,581  14,581  14,586  14,586  14,586  14,086  9,600  5,600  5,600  5,600  5,600  5,600  5,600  5,600  5,600 
Long-term financing lease liabilities 1,416  1,276  1,346  1,440  1,314  1,224  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt 74,998  27,140  27,272  27,870  27,516  27,920  27,547  27,357  27,970  30,478  28,319  28,307  28,494  30,247  27,786  27,750  27,432  26,470  26,266  22,156  22,372  22,328 
Short-term operating lease liabilities 4,164  2,187  2,287  2,232  2,268  2,202  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term operating lease liabilities 15,487  10,464  10,539  10,614  10,145  9,339  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 94,649  39,791  40,098  40,716  39,929  39,461  27,547  27,357  27,970  30,478  28,319  28,307  28,494  30,247  27,786  27,750  27,432  26,470  26,266  22,156  22,372  22,328 
 
Stockholders’ equity 62,996  28,977  28,789  27,771  26,967  26,181  24,718  24,355  23,390  22,876  22,559  20,277  19,614  18,963  18,236  17,853  17,395  17,104  16,557  16,252  16,053  15,650 
Solvency Ratio
Debt to equity (including operating lease liability)1 1.50 1.37 1.39 1.47 1.48 1.51 1.11 1.12 1.20 1.33 1.26 1.40 1.45 1.60 1.52 1.55 1.58 1.55 1.59 1.36 1.39 1.43

Based on: 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-28), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-K (filing date: 2016-02-17), 10-Q (filing date: 2015-10-27), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-28).

1 Q2 2020 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 94,649 ÷ 62,996 = 1.50

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. T-Mobile US Inc.’s debt to equity ratio (including operating lease liability) improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.

Debt to Capital

T-Mobile US Inc., debt to capital calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Short-term debt 3,818  —  25  475  300  250  841  783  1,004  3,320  1,612  558  522  7,542  354  325  258  365  182  114  386  467 
Short-term debt to affiliates 1,235  2,000  —  —  —  598  —  —  320  445  —  —  680  —  —  —  —  —  —  —  —  — 
Short-term financing lease liabilities 1,040  918  957  1,013  963  911  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term debt 62,783  10,959  10,958  10,956  10,954  10,952  12,124  11,993  12,065  12,127  12,121  13,163  13,206  13,105  21,832  21,825  21,574  20,505  20,484  16,442  16,386  16,261 
Long-term debt to affiliates 4,706  11,987  13,986  13,986  13,985  13,985  14,582  14,581  14,581  14,586  14,586  14,586  14,086  9,600  5,600  5,600  5,600  5,600  5,600  5,600  5,600  5,600 
Long-term financing lease liabilities 1,416  1,276  1,346  1,440  1,314  1,224  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt 74,998  27,140  27,272  27,870  27,516  27,920  27,547  27,357  27,970  30,478  28,319  28,307  28,494  30,247  27,786  27,750  27,432  26,470  26,266  22,156  22,372  22,328 
Stockholders’ equity 62,996  28,977  28,789  27,771  26,967  26,181  24,718  24,355  23,390  22,876  22,559  20,277  19,614  18,963  18,236  17,853  17,395  17,104  16,557  16,252  16,053  15,650 
Total capital 137,994  56,117  56,061  55,641  54,483  54,101  52,265  51,712  51,360  53,354  50,878  48,584  48,108  49,210  46,022  45,603  44,827  43,574  42,823  38,408  38,425  37,978 
Solvency Ratio
Debt to capital1 0.54 0.48 0.49 0.50 0.51 0.52 0.53 0.53 0.54 0.57 0.56 0.58 0.59 0.61 0.60 0.61 0.61 0.61 0.61 0.58 0.58 0.59

Based on: 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-28), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-K (filing date: 2016-02-17), 10-Q (filing date: 2015-10-27), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-28).

1 Q2 2020 Calculation
Debt to capital = Total debt ÷ Total capital
= 74,998 ÷ 137,994 = 0.54

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. T-Mobile US Inc.’s debt to capital ratio improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.

Debt to Capital (including Operating Lease Liability)

T-Mobile US Inc., debt to capital (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Short-term debt 3,818  —  25  475  300  250  841  783  1,004  3,320  1,612  558  522  7,542  354  325  258  365  182  114  386  467 
Short-term debt to affiliates 1,235  2,000  —  —  —  598  —  —  320  445  —  —  680  —  —  —  —  —  —  —  —  — 
Short-term financing lease liabilities 1,040  918  957  1,013  963  911  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term debt 62,783  10,959  10,958  10,956  10,954  10,952  12,124  11,993  12,065  12,127  12,121  13,163  13,206  13,105  21,832  21,825  21,574  20,505  20,484  16,442  16,386  16,261 
Long-term debt to affiliates 4,706  11,987  13,986  13,986  13,985  13,985  14,582  14,581  14,581  14,586  14,586  14,586  14,086  9,600  5,600  5,600  5,600  5,600  5,600  5,600  5,600  5,600 
Long-term financing lease liabilities 1,416  1,276  1,346  1,440  1,314  1,224  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt 74,998  27,140  27,272  27,870  27,516  27,920  27,547  27,357  27,970  30,478  28,319  28,307  28,494  30,247  27,786  27,750  27,432  26,470  26,266  22,156  22,372  22,328 
Short-term operating lease liabilities 4,164  2,187  2,287  2,232  2,268  2,202  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term operating lease liabilities 15,487  10,464  10,539  10,614  10,145  9,339  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 94,649  39,791  40,098  40,716  39,929  39,461  27,547  27,357  27,970  30,478  28,319  28,307  28,494  30,247  27,786  27,750  27,432  26,470  26,266  22,156  22,372  22,328 
Stockholders’ equity 62,996  28,977  28,789  27,771  26,967  26,181  24,718  24,355  23,390  22,876  22,559  20,277  19,614  18,963  18,236  17,853  17,395  17,104  16,557  16,252  16,053  15,650 
Total capital (including operating lease liability) 157,645  68,768  68,887  68,487  66,896  65,642  52,265  51,712  51,360  53,354  50,878  48,584  48,108  49,210  46,022  45,603  44,827  43,574  42,823  38,408  38,425  37,978 
Solvency Ratio
Debt to capital (including operating lease liability)1 0.60 0.58 0.58 0.59 0.60 0.60 0.53 0.53 0.54 0.57 0.56 0.58 0.59 0.61 0.60 0.61 0.61 0.61 0.61 0.58 0.58 0.59

Based on: 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-28), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-K (filing date: 2016-02-17), 10-Q (filing date: 2015-10-27), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-28).

1 Q2 2020 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 94,649 ÷ 157,645 = 0.60

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. T-Mobile US Inc.’s debt to capital ratio (including operating lease liability) improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.

Debt to Assets

T-Mobile US Inc., debt to assets calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Short-term debt 3,818  —  25  475  300  250  841  783  1,004  3,320  1,612  558  522  7,542  354  325  258  365  182  114  386  467 
Short-term debt to affiliates 1,235  2,000  —  —  —  598  —  —  320  445  —  —  680  —  —  —  —  —  —  —  —  — 
Short-term financing lease liabilities 1,040  918  957  1,013  963  911  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term debt 62,783  10,959  10,958  10,956  10,954  10,952  12,124  11,993  12,065  12,127  12,121  13,163  13,206  13,105  21,832  21,825  21,574  20,505  20,484  16,442  16,386  16,261 
Long-term debt to affiliates 4,706  11,987  13,986  13,986  13,985  13,985  14,582  14,581  14,581  14,586  14,586  14,586  14,086  9,600  5,600  5,600  5,600  5,600  5,600  5,600  5,600  5,600 
Long-term financing lease liabilities 1,416  1,276  1,346  1,440  1,314  1,224  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt 74,998  27,140  27,272  27,870  27,516  27,920  27,547  27,357  27,970  30,478  28,319  28,307  28,494  30,247  27,786  27,750  27,432  26,470  26,266  22,156  22,372  22,328 
 
Total assets 187,199  87,226  86,921  86,109  84,788  83,073  72,468  70,182  69,692  72,004  70,563  67,923  67,159  68,048  65,891  64,272  63,968  63,063  62,436  58,473  57,188  56,558 
Solvency Ratio
Debt to assets1 0.40 0.31 0.31 0.32 0.32 0.34 0.38 0.39 0.40 0.42 0.40 0.42 0.42 0.44 0.42 0.43 0.43 0.42 0.42 0.38 0.39 0.39

Based on: 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-28), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-K (filing date: 2016-02-17), 10-Q (filing date: 2015-10-27), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-28).

1 Q2 2020 Calculation
Debt to assets = Total debt ÷ Total assets
= 74,998 ÷ 187,199 = 0.40

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. T-Mobile US Inc.’s debt to assets ratio improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.

Debt to Assets (including Operating Lease Liability)

T-Mobile US Inc., debt to assets (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Short-term debt 3,818  —  25  475  300  250  841  783  1,004  3,320  1,612  558  522  7,542  354  325  258  365  182  114  386  467 
Short-term debt to affiliates 1,235  2,000  —  —  —  598  —  —  320  445  —  —  680  —  —  —  —  —  —  —  —  — 
Short-term financing lease liabilities 1,040  918  957  1,013  963  911  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term debt 62,783  10,959  10,958  10,956  10,954  10,952  12,124  11,993  12,065  12,127  12,121  13,163  13,206  13,105  21,832  21,825  21,574  20,505  20,484  16,442  16,386  16,261 
Long-term debt to affiliates 4,706  11,987  13,986  13,986  13,985  13,985  14,582  14,581  14,581  14,586  14,586  14,586  14,086  9,600  5,600  5,600  5,600  5,600  5,600  5,600  5,600  5,600 
Long-term financing lease liabilities 1,416  1,276  1,346  1,440  1,314  1,224  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt 74,998  27,140  27,272  27,870  27,516  27,920  27,547  27,357  27,970  30,478  28,319  28,307  28,494  30,247  27,786  27,750  27,432  26,470  26,266  22,156  22,372  22,328 
Short-term operating lease liabilities 4,164  2,187  2,287  2,232  2,268  2,202  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term operating lease liabilities 15,487  10,464  10,539  10,614  10,145  9,339  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 94,649  39,791  40,098  40,716  39,929  39,461  27,547  27,357  27,970  30,478  28,319  28,307  28,494  30,247  27,786  27,750  27,432  26,470  26,266  22,156  22,372  22,328 
 
Total assets 187,199  87,226  86,921  86,109  84,788  83,073  72,468  70,182  69,692  72,004  70,563  67,923  67,159  68,048  65,891  64,272  63,968  63,063  62,436  58,473  57,188  56,558 
Solvency Ratio
Debt to assets (including operating lease liability)1 0.51 0.46 0.46 0.47 0.47 0.48 0.38 0.39 0.40 0.42 0.40 0.42 0.42 0.44 0.42 0.43 0.43 0.42 0.42 0.38 0.39 0.39

Based on: 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-28), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-K (filing date: 2016-02-17), 10-Q (filing date: 2015-10-27), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-28).

1 Q2 2020 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 94,649 ÷ 187,199 = 0.51

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. T-Mobile US Inc.’s debt to assets ratio (including operating lease liability) improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.

Financial Leverage

T-Mobile US Inc., financial leverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Total assets 187,199  87,226  86,921  86,109  84,788  83,073  72,468  70,182  69,692  72,004  70,563  67,923  67,159  68,048  65,891  64,272  63,968  63,063  62,436  58,473  57,188  56,558 
Stockholders’ equity 62,996  28,977  28,789  27,771  26,967  26,181  24,718  24,355  23,390  22,876  22,559  20,277  19,614  18,963  18,236  17,853  17,395  17,104  16,557  16,252  16,053  15,650 
Solvency Ratio
Financial leverage1 2.97 3.01 3.02 3.10 3.14 3.17 2.93 2.88 2.98 3.15 3.13 3.35 3.42 3.59 3.61 3.60 3.68 3.69 3.77 3.60 3.56 3.61

Based on: 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-28), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-K (filing date: 2016-02-17), 10-Q (filing date: 2015-10-27), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-28).

1 Q2 2020 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 187,199 ÷ 62,996 = 2.97

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. T-Mobile US Inc.’s financial leverage ratio decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Interest Coverage

T-Mobile US Inc., interest coverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Net income (loss) 110  951  751  870  939  908  640  795  782  671  2,707  550  581  698  390  366  225  479  297  138  361  (63)
Less: Income from discontinued operations, net of tax 320  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Add: Income tax expense 306  214  325  301  295  198  335  286  210  (1,993) 356  353  (91) 216  232  147  272  184  100  (41)
Add: Interest expense 839  284  280  284  283  288  298  318  324  417  416  420  396  439  399  452  461  418  439  383  349  325 
Earnings before interest and tax (EBIT) 631  1,541  1,245  1,479  1,523  1,491  1,136  1,448  1,392  1,298  1,130  1,326  1,330  1,046  1,005  1,050  833  1,169  920  621  712  221 
Solvency Ratio
Interest coverage1 2.90 5.12 5.06 4.88 4.72 4.45 3.89 3.57 3.26 3.08 2.89 2.85 2.63 2.25 2.35 2.24 2.08 2.15 1.65

Based on: 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-28), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-K (filing date: 2016-02-17), 10-Q (filing date: 2015-10-27), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-28).

1 Q2 2020 Calculation
Interest coverage = (EBITQ2 2020 + EBITQ1 2020 + EBITQ4 2019 + EBITQ3 2019) ÷ (Interest expenseQ2 2020 + Interest expenseQ1 2020 + Interest expenseQ4 2019 + Interest expenseQ3 2019)
= (631 + 1,541 + 1,245 + 1,479) ÷ (839 + 284 + 280 + 284) = 2.90

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. T-Mobile US Inc.’s interest coverage ratio improved from Q4 2019 to Q1 2020 but then deteriorated significantly from Q1 2020 to Q2 2020.