Stock Analysis on Net

Accenture PLC (NYSE:ACN)

Analysis of Solvency Ratios 

Microsoft Excel

Solvency Ratios (Summary)

Accenture PLC, solvency ratios

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Debt Ratios
Debt to equity 0.01 0.00 0.00 0.00 0.00 0.00
Debt to equity (including operating lease liability) 0.12 0.15 0.18 0.21 0.00 0.00
Debt to capital 0.01 0.00 0.00 0.00 0.00 0.00
Debt to capital (including operating lease liability) 0.11 0.13 0.15 0.17 0.00 0.00
Debt to assets 0.00 0.00 0.00 0.00 0.00 0.00
Debt to assets (including operating lease liability) 0.06 0.07 0.08 0.09 0.00 0.00
Financial leverage 1.99 2.14 2.21 2.18 2.07 2.36
Coverage Ratios
Interest coverage 193.31 195.34 131.46 205.84 273.26 298.26
Fixed charge coverage 10.98 12.25 10.41 9.66 10.07 9.63

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Accenture PLC debt to equity ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Accenture PLC debt to equity ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Accenture PLC debt to capital ratio improved from 2021 to 2022 but then deteriorated significantly 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. Accenture PLC debt to capital ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Accenture PLC debt to assets ratio improved from 2021 to 2022 but then deteriorated significantly 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. Accenture PLC debt to assets ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Accenture PLC financial leverage ratio decreased from 2021 to 2022 and from 2022 to 2023.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Accenture PLC interest coverage ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Accenture PLC fixed charge coverage ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

Debt to Equity

Accenture PLC, debt to equity calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Selected Financial Data (US$ in thousands)
Current portion of long-term debt and bank borrowings 104,810 9,175 12,080 7,820 6,411 5,337
Long-term debt, excluding current portion 43,093 45,893 53,473 54,052 16,247 19,676
Total debt 147,903 55,068 65,553 61,872 22,658 25,013
 
Total Accenture plc shareholders’ equity 25,692,839 22,106,097 19,529,454 17,000,536 14,409,008 10,364,753
Solvency Ratio
Debt to equity1 0.01 0.00 0.00 0.00 0.00 0.00
Benchmarks
Debt to Equity, Competitors2
Adobe Inc. 0.22 0.29 0.28 0.31 0.39 0.44
Autodesk Inc. 1.99 3.09 1.70
Cadence Design Systems Inc. 0.19 0.27 0.13 0.14 0.16
CrowdStrike Holdings Inc. 0.51 0.72 0.85 0.00
International Business Machines Corp. 2.51 2.32 2.74 2.99 3.02
Intuit Inc. 0.35 0.42 0.21 0.66 0.12
Microsoft Corp. 0.31 0.39 0.50 0.62 0.77
Oracle Corp. 84.33 16.08 5.93 2.58
Palo Alto Networks Inc. 1.14 17.51 5.08 2.80 0.90
Salesforce Inc. 0.20 0.19 0.07 0.09 0.22
ServiceNow Inc. 0.20 0.30 0.43 0.58 0.33
Synopsys Inc. 0.00 0.00 0.02 0.03 0.03 0.13
Debt to Equity, Sector
Software & Services 0.65 0.72 0.84 0.96 1.06
Debt to Equity, Industry
Information Technology 0.62 0.67 0.76 0.87 0.87

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

1 2023 Calculation
Debt to equity = Total debt ÷ Total Accenture plc shareholders’ equity
= 147,903 ÷ 25,692,839 = 0.01

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. Accenture PLC debt to equity ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Debt to Equity (including Operating Lease Liability)

Accenture PLC, debt to equity (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Selected Financial Data (US$ in thousands)
Current portion of long-term debt and bank borrowings 104,810 9,175 12,080 7,820 6,411 5,337
Long-term debt, excluding current portion 43,093 45,893 53,473 54,052 16,247 19,676
Total debt 147,903 55,068 65,553 61,872 22,658 25,013
Current operating lease liabilities 690,417 707,598 744,164 756,057
Non-current operating lease liabilities 2,310,714 2,563,090 2,696,917 2,667,584
Total debt (including operating lease liability) 3,149,034 3,325,756 3,506,634 3,485,513 22,658 25,013
 
Total Accenture plc shareholders’ equity 25,692,839 22,106,097 19,529,454 17,000,536 14,409,008 10,364,753
Solvency Ratio
Debt to equity (including operating lease liability)1 0.12 0.15 0.18 0.21 0.00 0.00
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Adobe Inc. 0.25 0.33 0.32 0.35 0.39 0.44
Autodesk Inc. 2.33 3.60 2.18
Cadence Design Systems Inc. 0.24 0.34 0.18 0.20 0.22
CrowdStrike Holdings Inc. 0.54 0.76 0.89 0.00
International Business Machines Corp. 2.66 2.46 2.92 3.23 3.27
Intuit Inc. 0.39 0.46 0.25 0.71 0.12
Microsoft Corp. 0.39 0.47 0.58 0.69 0.84
Oracle Corp. 88.84 16.61 6.10 2.58
Palo Alto Networks Inc. 1.33 19.12 5.68 3.16 0.90
Salesforce Inc. 0.25 0.25 0.15 0.18 0.22
ServiceNow Inc. 0.30 0.44 0.60 0.75 0.53
Synopsys Inc. 0.11 0.12 0.13 0.14 0.03 0.13
Debt to Equity (including Operating Lease Liability), Sector
Software & Services 0.74 0.82 0.94 1.08 1.13
Debt to Equity (including Operating Lease Liability), Industry
Information Technology 0.69 0.73 0.83 0.94 0.90

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

1 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Accenture plc shareholders’ equity
= 3,149,034 ÷ 25,692,839 = 0.12

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. Accenture PLC debt to equity ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023.

Debt to Capital

Accenture PLC, debt to capital calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Selected Financial Data (US$ in thousands)
Current portion of long-term debt and bank borrowings 104,810 9,175 12,080 7,820 6,411 5,337
Long-term debt, excluding current portion 43,093 45,893 53,473 54,052 16,247 19,676
Total debt 147,903 55,068 65,553 61,872 22,658 25,013
Total Accenture plc shareholders’ equity 25,692,839 22,106,097 19,529,454 17,000,536 14,409,008 10,364,753
Total capital 25,840,742 22,161,165 19,595,007 17,062,408 14,431,666 10,389,766
Solvency Ratio
Debt to capital1 0.01 0.00 0.00 0.00 0.00 0.00
Benchmarks
Debt to Capital, Competitors2
Adobe Inc. 0.18 0.23 0.22 0.24 0.28 0.31
Autodesk Inc. 0.67 0.76 0.63 1.07 1.11
Cadence Design Systems Inc. 0.16 0.21 0.11 0.12 0.14
CrowdStrike Holdings Inc. 0.34 0.42 0.46 0.00
International Business Machines Corp. 0.72 0.70 0.73 0.75 0.75
Intuit Inc. 0.26 0.30 0.17 0.40 0.10
Microsoft Corp. 0.24 0.28 0.33 0.38 0.43
Oracle Corp. 0.99 1.09 0.94 0.86 0.72
Palo Alto Networks Inc. 0.53 0.95 0.84 0.74 0.47
Salesforce Inc. 0.16 0.16 0.06 0.08 0.18
ServiceNow Inc. 0.16 0.23 0.30 0.37 0.25
Synopsys Inc. 0.00 0.00 0.02 0.03 0.03 0.12
Debt to Capital, Sector
Software & Services 0.39 0.42 0.46 0.49 0.51
Debt to Capital, Industry
Information Technology 0.38 0.40 0.43 0.46 0.46

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 147,903 ÷ 25,840,742 = 0.01

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. Accenture PLC debt to capital ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Debt to Capital (including Operating Lease Liability)

Accenture PLC, debt to capital (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Selected Financial Data (US$ in thousands)
Current portion of long-term debt and bank borrowings 104,810 9,175 12,080 7,820 6,411 5,337
Long-term debt, excluding current portion 43,093 45,893 53,473 54,052 16,247 19,676
Total debt 147,903 55,068 65,553 61,872 22,658 25,013
Current operating lease liabilities 690,417 707,598 744,164 756,057
Non-current operating lease liabilities 2,310,714 2,563,090 2,696,917 2,667,584
Total debt (including operating lease liability) 3,149,034 3,325,756 3,506,634 3,485,513 22,658 25,013
Total Accenture plc shareholders’ equity 25,692,839 22,106,097 19,529,454 17,000,536 14,409,008 10,364,753
Total capital (including operating lease liability) 28,841,873 25,431,853 23,036,088 20,486,049 14,431,666 10,389,766
Solvency Ratio
Debt to capital (including operating lease liability)1 0.11 0.13 0.15 0.17 0.00 0.00
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Adobe Inc. 0.20 0.25 0.24 0.26 0.28 0.31
Autodesk Inc. 0.70 0.78 0.69 1.06 1.11
Cadence Design Systems Inc. 0.19 0.25 0.15 0.17 0.18
CrowdStrike Holdings Inc. 0.35 0.43 0.47 0.00
International Business Machines Corp. 0.73 0.71 0.74 0.76 0.77
Intuit Inc. 0.28 0.31 0.20 0.42 0.10
Microsoft Corp. 0.28 0.32 0.37 0.41 0.46
Oracle Corp. 0.99 1.08 0.94 0.86 0.72
Palo Alto Networks Inc. 0.57 0.95 0.85 0.76 0.47
Salesforce Inc. 0.20 0.20 0.13 0.16 0.18
ServiceNow Inc. 0.23 0.31 0.37 0.43 0.35
Synopsys Inc. 0.10 0.11 0.11 0.12 0.03 0.12
Debt to Capital (including Operating Lease Liability), Sector
Software & Services 0.43 0.45 0.49 0.52 0.53
Debt to Capital (including Operating Lease Liability), Industry
Information Technology 0.41 0.42 0.45 0.48 0.47

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

1 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 3,149,034 ÷ 28,841,873 = 0.11

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. Accenture PLC debt to capital ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023.

Debt to Assets

Accenture PLC, debt to assets calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Selected Financial Data (US$ in thousands)
Current portion of long-term debt and bank borrowings 104,810 9,175 12,080 7,820 6,411 5,337
Long-term debt, excluding current portion 43,093 45,893 53,473 54,052 16,247 19,676
Total debt 147,903 55,068 65,553 61,872 22,658 25,013
 
Total assets 51,245,305 47,263,390 43,175,843 37,078,593 29,789,880 24,449,083
Solvency Ratio
Debt to assets1 0.00 0.00 0.00 0.00 0.00 0.00
Benchmarks
Debt to Assets, Competitors2
Adobe Inc. 0.12 0.15 0.15 0.17 0.20 0.22
Autodesk Inc. 0.24 0.31 0.22 0.34 0.44
Cadence Design Systems Inc. 0.11 0.15 0.08 0.09 0.10
CrowdStrike Holdings Inc. 0.15 0.20 0.27 0.00
International Business Machines Corp. 0.42 0.40 0.39 0.39 0.41
Intuit Inc. 0.22 0.25 0.13 0.31 0.07
Microsoft Corp. 0.16 0.18 0.21 0.24 0.27
Oracle Corp. 0.67 0.69 0.64 0.62 0.52
Palo Alto Networks Inc. 0.14 0.30 0.31 0.34 0.22
Salesforce Inc. 0.12 0.12 0.04 0.06 0.11
ServiceNow Inc. 0.09 0.11 0.15 0.19 0.12
Synopsys Inc. 0.00 0.00 0.01 0.02 0.02 0.08
Debt to Assets, Sector
Software & Services 0.25 0.26 0.28 0.30 0.32
Debt to Assets, Industry
Information Technology 0.26 0.26 0.28 0.30 0.30

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

1 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 147,903 ÷ 51,245,305 = 0.00

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. Accenture PLC debt to assets ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

Debt to Assets (including Operating Lease Liability)

Accenture PLC, debt to assets (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Selected Financial Data (US$ in thousands)
Current portion of long-term debt and bank borrowings 104,810 9,175 12,080 7,820 6,411 5,337
Long-term debt, excluding current portion 43,093 45,893 53,473 54,052 16,247 19,676
Total debt 147,903 55,068 65,553 61,872 22,658 25,013
Current operating lease liabilities 690,417 707,598 744,164 756,057
Non-current operating lease liabilities 2,310,714 2,563,090 2,696,917 2,667,584
Total debt (including operating lease liability) 3,149,034 3,325,756 3,506,634 3,485,513 22,658 25,013
 
Total assets 51,245,305 47,263,390 43,175,843 37,078,593 29,789,880 24,449,083
Solvency Ratio
Debt to assets (including operating lease liability)1 0.06 0.07 0.08 0.09 0.00 0.00
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Adobe Inc. 0.14 0.17 0.17 0.19 0.20 0.22
Autodesk Inc. 0.28 0.36 0.29 0.41 0.44
Cadence Design Systems Inc. 0.14 0.18 0.11 0.13 0.14
CrowdStrike Holdings Inc. 0.16 0.21 0.29 0.00
International Business Machines Corp. 0.44 0.42 0.42 0.43 0.45
Intuit Inc. 0.24 0.27 0.16 0.33 0.07
Microsoft Corp. 0.19 0.21 0.25 0.27 0.30
Oracle Corp. 0.71 0.73 0.66 0.64 0.52
Palo Alto Networks Inc. 0.16 0.33 0.35 0.38 0.22
Salesforce Inc. 0.15 0.15 0.10 0.11 0.11
ServiceNow Inc. 0.13 0.17 0.21 0.24 0.19
Synopsys Inc. 0.07 0.07 0.08 0.08 0.02 0.08
Debt to Assets (including Operating Lease Liability), Sector
Software & Services 0.29 0.30 0.32 0.34 0.34
Debt to Assets (including Operating Lease Liability), Industry
Information Technology 0.28 0.29 0.31 0.32 0.31

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

1 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 3,149,034 ÷ 51,245,305 = 0.06

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. Accenture PLC debt to assets ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023.

Financial Leverage

Accenture PLC, financial leverage calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Selected Financial Data (US$ in thousands)
Total assets 51,245,305 47,263,390 43,175,843 37,078,593 29,789,880 24,449,083
Total Accenture plc shareholders’ equity 25,692,839 22,106,097 19,529,454 17,000,536 14,409,008 10,364,753
Solvency Ratio
Financial leverage1 1.99 2.14 2.21 2.18 2.07 2.36
Benchmarks
Financial Leverage, Competitors2
Adobe Inc. 1.80 1.93 1.84 1.83 1.97 2.00
Autodesk Inc. 8.24 10.14 7.54
Cadence Design Systems Inc. 1.67 1.87 1.60 1.58 1.60
CrowdStrike Holdings Inc. 3.43 3.53 3.14 1.89
International Business Machines Corp. 6.00 5.80 6.98 7.57 7.30
Intuit Inc. 1.61 1.69 1.57 2.14 1.68
Microsoft Corp. 2.00 2.19 2.35 2.55 2.80
Oracle Corp. 125.24 25.03 9.56 4.99
Palo Alto Networks Inc. 8.29 58.35 16.14 8.23 4.16
Salesforce Inc. 1.69 1.64 1.60 1.63 1.97
ServiceNow Inc. 2.28 2.64 2.92 3.07 2.83
Synopsys Inc. 1.68 1.71 1.65 1.64 1.57 1.77
Financial Leverage, Sector
Software & Services 2.58 2.76 2.98 3.18 3.33
Financial Leverage, Industry
Information Technology 2.44 2.56 2.71 2.90 2.86

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

1 2023 Calculation
Financial leverage = Total assets ÷ Total Accenture plc shareholders’ equity
= 51,245,305 ÷ 25,692,839 = 1.99

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. Accenture PLC financial leverage ratio decreased from 2021 to 2022 and from 2022 to 2023.

Interest Coverage

Accenture PLC, interest coverage calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Selected Financial Data (US$ in thousands)
Net income attributable to Accenture plc 6,871,557 6,877,169 5,906,809 5,107,839 4,779,112 4,059,907
Add: Net income attributable to noncontrolling interest 131,973 111,791 83,736 77,474 67,129 154,687
Add: Income tax expense 2,135,802 2,207,207 1,770,571 1,589,018 1,405,556 1,593,499
Add: Interest expense 47,525 47,320 59,492 33,071 22,963 19,539
Earnings before interest and tax (EBIT) 9,186,857 9,243,487 7,820,608 6,807,402 6,274,760 5,827,632
Solvency Ratio
Interest coverage1 193.31 195.34 131.46 205.84 273.26 298.26
Benchmarks
Interest Coverage, Competitors2
Adobe Inc. 61.17 54.64 51.49 37.00 21.38 32.31
Autodesk Inc. 14.32 9.69 11.70 6.46 0.18
Cadence Design Systems Inc. 36.43 46.58 46.26 31.50 26.44
CrowdStrike Holdings Inc. -5.31 -5.34 -55.36 -315.25
International Business Machines Corp. 6.42 1.97 5.20 4.62 8.58
Intuit Inc. 13.05 32.38 89.14 158.00 126.40
Microsoft Corp. 46.38 41.58 31.31 21.47 17.27
Oracle Corp. 3.65 3.84 6.28 7.13 6.97
Palo Alto Networks Inc. 21.82 -6.56 -1.85 -1.61 0.11
Salesforce Inc. 3.30 8.09 24.28 7.42 8.80
ServiceNow Inc. 43.00 15.78 9.89 5.56 3.02
Synopsys Inc. 1,106.08 657.96 240.38 125.16 47.79 24.29
Interest Coverage, Sector
Software & Services 17.56 18.23 17.67 14.41 13.00
Interest Coverage, Industry
Information Technology 18.76 24.59 23.07 16.85 15.80

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

1 2023 Calculation
Interest coverage = EBIT ÷ Interest expense
= 9,186,857 ÷ 47,525 = 193.31

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. Accenture PLC interest coverage ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Fixed Charge Coverage

Accenture PLC, fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Selected Financial Data (US$ in thousands)
Net income attributable to Accenture plc 6,871,557 6,877,169 5,906,809 5,107,839 4,779,112 4,059,907
Add: Net income attributable to noncontrolling interest 131,973 111,791 83,736 77,474 67,129 154,687
Add: Income tax expense 2,135,802 2,207,207 1,770,571 1,589,018 1,405,556 1,593,499
Add: Interest expense 47,525 47,320 59,492 33,071 22,963 19,539
Earnings before interest and tax (EBIT) 9,186,857 9,243,487 7,820,608 6,807,402 6,274,760 5,827,632
Add: Operating lease cost 868,082 769,806 765,232 749,233 666,461 653,531
Earnings before fixed charges and tax 10,054,939 10,013,293 8,585,840 7,556,635 6,941,221 6,481,163
 
Interest expense 47,525 47,320 59,492 33,071 22,963 19,539
Operating lease cost 868,082 769,806 765,232 749,233 666,461 653,531
Fixed charges 915,607 817,126 824,724 782,304 689,424 673,070
Solvency Ratio
Fixed charge coverage1 10.98 12.25 10.41 9.66 10.07 9.63
Benchmarks
Fixed Charge Coverage, Competitors2
Adobe Inc. 30.56 26.79 25.59 18.77 10.78 13.34
Autodesk Inc. 7.06 4.46 4.58 3.09 0.62
Cadence Design Systems Inc. 14.79 15.50 13.77 11.46 9.95
CrowdStrike Holdings Inc. -3.39 -3.39 -6.40 -12.01
International Business Machines Corp. 4.32 1.52 3.13 2.62 4.41
Intuit Inc. 9.03 14.67 25.58 27.48 34.00
Microsoft Corp. 19.44 19.50 16.90 12.44 10.94
Oracle Corp. 3.12 3.22 5.17 5.68 5.50
Palo Alto Networks Inc. 7.20 -1.18 -1.09 -0.52 0.41
Salesforce Inc. 1.52 2.18 2.94 1.69 3.00
ServiceNow Inc. 7.59 3.87 2.95 2.29 1.69
Synopsys Inc. 14.38 12.91 9.29 7.46 6.30 4.98
Fixed Charge Coverage, Sector
Software & Services 9.63 9.53 9.38 7.64 7.52
Fixed Charge Coverage, Industry
Information Technology 12.53 14.10 13.44 10.20 10.41

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31).

1 2023 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 10,054,939 ÷ 915,607 = 10.98

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. Accenture PLC fixed charge coverage ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.