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Accenture PLC (ACN)
Analysis of Solvency Ratios
Difficulty: Beginner
Solvency ratios also known as long-term debt ratios measure a company’s ability to meet long-term obligations.
Solvency Ratios (Summary)
Accenture PLC, debt and solvency ratios
Based on: 10-K (filing date: 2018-10-24), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-30), 10-K (filing date: 2014-10-24), 10-K (filing date: 2013-10-29).
| Ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Accenture PLC’s debt to equity ratio improved from 2016 to 2017 and from 2017 to 2018. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Accenture PLC’s debt to capital ratio improved from 2016 to 2017 and from 2017 to 2018. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Accenture PLC’s debt to assets ratio improved from 2016 to 2017 and from 2017 to 2018. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Accenture PLC’s financial leverage ratio improved from 2016 to 2017 and from 2017 to 2018. |
| Ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Accenture PLC’s interest coverage ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Accenture PLC’s fixed charge coverage ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 not reaching 2016 level. |
Debt to Equity
Accenture PLC, debt to equity calculation, comparison to benchmarks
| Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 | Aug 31, 2015 | Aug 31, 2014 | Aug 31, 2013 | ||
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| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt and bank borrowings | |
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| Long-term debt, excluding current portion | |
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| Total debt | |
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| Total Accenture plc shareholders’ equity | |
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| Ratio | |||||||
| Debt to equity1 | |
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| Benchmarks | |||||||
| Debt to Equity, Competitors2 | |||||||
| Automatic Data Processing Inc. | |
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| Debt to Equity, Sector | |||||||
| Support Services | |
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| Debt to Equity, Industry | |||||||
| Industrials | |
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Based on: 10-K (filing date: 2018-10-24), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-30), 10-K (filing date: 2014-10-24), 10-K (filing date: 2013-10-29).
1 2018 Calculation
Debt to equity = Total debt ÷ Total Accenture plc shareholders’ equity
= ÷ =
2 Click competitor name to see calculations.
| Ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Accenture PLC’s debt to equity ratio improved from 2016 to 2017 and from 2017 to 2018. |
Debt to Capital
Accenture PLC, debt to capital calculation, comparison to benchmarks
| Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 | Aug 31, 2015 | Aug 31, 2014 | Aug 31, 2013 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt and bank borrowings | |
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| Long-term debt, excluding current portion | |
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| Total debt | |
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| Total Accenture plc shareholders’ equity | |
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| Total capital | |
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| Ratio | |||||||
| Debt to capital1 | |
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| Benchmarks | |||||||
| Debt to Capital, Competitors2 | |||||||
| Automatic Data Processing Inc. | |
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| Debt to Capital, Sector | |||||||
| Support Services | |
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| Debt to Capital, Industry | |||||||
| Industrials | |
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Based on: 10-K (filing date: 2018-10-24), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-30), 10-K (filing date: 2014-10-24), 10-K (filing date: 2013-10-29).
1 2018 Calculation
Debt to capital = Total debt ÷ Total capital
= ÷ =
2 Click competitor name to see calculations.
| Ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Accenture PLC’s debt to capital ratio improved from 2016 to 2017 and from 2017 to 2018. |
Debt to Assets
Accenture PLC, debt to assets calculation, comparison to benchmarks
| Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 | Aug 31, 2015 | Aug 31, 2014 | Aug 31, 2013 | ||
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| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt and bank borrowings | |
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| Long-term debt, excluding current portion | |
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| Total debt | |
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| Total assets | |
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| Ratio | |||||||
| Debt to assets1 | |
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| Benchmarks | |||||||
| Debt to Assets, Competitors2 | |||||||
| Automatic Data Processing Inc. | |
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| Debt to Assets, Sector | |||||||
| Support Services | |
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| Debt to Assets, Industry | |||||||
| Industrials | |
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Based on: 10-K (filing date: 2018-10-24), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-30), 10-K (filing date: 2014-10-24), 10-K (filing date: 2013-10-29).
1 2018 Calculation
Debt to assets = Total debt ÷ Total assets
= ÷ =
2 Click competitor name to see calculations.
| Ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Accenture PLC’s debt to assets ratio improved from 2016 to 2017 and from 2017 to 2018. |
Financial Leverage
Accenture PLC, financial leverage calculation, comparison to benchmarks
| Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 | Aug 31, 2015 | Aug 31, 2014 | Aug 31, 2013 | ||
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| Selected Financial Data (US$ in thousands) | |||||||
| Total assets | |
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| Total Accenture plc shareholders’ equity | |
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| Ratio | |||||||
| Financial leverage1 | |
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| Benchmarks | |||||||
| Financial Leverage, Competitors2 | |||||||
| Automatic Data Processing Inc. | |
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| Financial Leverage, Sector | |||||||
| Support Services | |
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| Financial Leverage, Industry | |||||||
| Industrials | |
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Based on: 10-K (filing date: 2018-10-24), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-30), 10-K (filing date: 2014-10-24), 10-K (filing date: 2013-10-29).
1 2018 Calculation
Financial leverage = Total assets ÷ Total Accenture plc shareholders’ equity
= ÷ =
2 Click competitor name to see calculations.
| Ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Accenture PLC’s financial leverage ratio improved from 2016 to 2017 and from 2017 to 2018. |
Interest Coverage
Accenture PLC, interest coverage calculation, comparison to benchmarks
| Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 | Aug 31, 2015 | Aug 31, 2014 | Aug 31, 2013 | ||
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| Selected Financial Data (US$ in thousands) | |||||||
| Net income attributable to Accenture plc | |
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| Add: Net income attributable to noncontrolling interest | |
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| Add: Income tax expense | |
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| Add: Interest expense | |
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| Earnings before interest and tax (EBIT) | |
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| Ratio | |||||||
| Interest coverage1 | |
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| Benchmarks | |||||||
| Interest Coverage, Competitors2 | |||||||
| Automatic Data Processing Inc. | |
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| Interest Coverage, Sector | |||||||
| Support Services | |
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| Interest Coverage, Industry | |||||||
| Industrials | |
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Based on: 10-K (filing date: 2018-10-24), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-30), 10-K (filing date: 2014-10-24), 10-K (filing date: 2013-10-29).
1 2018 Calculation
Interest coverage = EBIT ÷ Interest expense
= ÷ =
2 Click competitor name to see calculations.
| Ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Accenture PLC’s interest coverage ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018. |
Fixed Charge Coverage
Accenture PLC, fixed charge coverage calculation, comparison to benchmarks
| Aug 31, 2018 | Aug 31, 2017 | Aug 31, 2016 | Aug 31, 2015 | Aug 31, 2014 | Aug 31, 2013 | ||
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| Selected Financial Data (US$ in thousands) | |||||||
| Net income attributable to Accenture plc | |
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| Add: Net income attributable to noncontrolling interest | |
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| Add: Income tax expense | |
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| Add: Interest expense | |
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| Earnings before interest and tax (EBIT) | |
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| Add: Rental expense | |
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| Earnings before fixed charges and tax | |
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| Interest expense | |
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| Rental expense | |
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| Fixed charges | |
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| Ratio | |||||||
| Fixed charge coverage1 | |
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| Benchmarks | |||||||
| Fixed Charge Coverage, Competitors2 | |||||||
| Automatic Data Processing Inc. | |
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| Fixed Charge Coverage, Sector | |||||||
| Support Services | |
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| Fixed Charge Coverage, Industry | |||||||
| Industrials | |
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Based on: 10-K (filing date: 2018-10-24), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-30), 10-K (filing date: 2014-10-24), 10-K (filing date: 2013-10-29).
1 2018 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= ÷ =
2 Click competitor name to see calculations.
| Ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Accenture PLC’s fixed charge coverage ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 not reaching 2016 level. |