Paying users zone. Data is covered by 
.
Get 1 month access to Becton, Dickinson & Co. for $17.99, or
get full access to entire website for at least 3 months from $49.99.
We accept:
Becton, Dickinson & Co. (BDX)
Long-term Debt and Solvency Analysis
Difficulty: Beginner
Solvency ratios also known as long-term debt ratios measure a company’s ability to meet long-term obligations.
Ratios (Summary)
Becton, Dickinson & Co., debt and solvency ratios
Based on: 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25), 10-K (filing date: 2014-11-26), 10-K (filing date: 2013-11-27).
| Ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Becton, Dickinson & Co.’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. | Becton, Dickinson & Co.’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. | Becton, Dickinson & Co.’s debt to assets ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Becton, Dickinson & Co.’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. | Becton, Dickinson & Co.’s interest coverage ratio deteriorated from 2016 to 2017 and from 2017 to 2018. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Becton, Dickinson & Co.’s fixed charge coverage ratio deteriorated from 2016 to 2017 and from 2017 to 2018. |
Debt to Equity
Becton, Dickinson & Co., debt to equity calculation, comparison to benchmarks
| Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | Sep 30, 2014 | Sep 30, 2013 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in millions) | |||||||
| Short-term debt | |
|
|
|
|
|
|
| Long-term debt, excluding current portion | |
|
|
|
|
|
|
| Total debt | |
|
|
|
|
|
|
| Shareholders’ equity | |
|
|
|
|
|
|
| Ratio | |||||||
| Debt to equity1 | |
|
|
|
|
|
|
| Benchmarks | |||||||
| Debt to Equity, Competitors2 | |||||||
| Intuitive Surgical Inc. | |
|
|
|
|
|
|
| Medtronic PLC | |
|
|
|
|
|
|
| Stryker Corp. | |
|
|
|
|
|
|
| Thermo Fisher Scientific Inc. | |
|
|
|
|
|
|
| UnitedHealth Group Inc. | |
|
|
|
|
|
|
| Debt to Equity, Sector | |||||||
| Health Care Equipment & Services | |
|
|
|
|
|
|
| Debt to Equity, Industry | |||||||
| Health Care | |
|
|
|
|
|
|
Based on: 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25), 10-K (filing date: 2014-11-26), 10-K (filing date: 2013-11-27).
1 2018 Calculation
Debt to equity = Total debt ÷ 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. | Becton, Dickinson & Co.’s debt to equity ratio improved from 2016 to 2017 and from 2017 to 2018. |
Debt to Capital
Becton, Dickinson & Co., debt to capital calculation, comparison to benchmarks
| Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | Sep 30, 2014 | Sep 30, 2013 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in millions) | |||||||
| Short-term debt | |
|
|
|
|
|
|
| Long-term debt, excluding current portion | |
|
|
|
|
|
|
| Total debt | |
|
|
|
|
|
|
| Shareholders’ equity | |
|
|
|
|
|
|
| Total capital | |
|
|
|
|
|
|
| Ratio | |||||||
| Debt to capital1 | |
|
|
|
|
|
|
| Benchmarks | |||||||
| Debt to Capital, Competitors2 | |||||||
| Intuitive Surgical Inc. | |
|
|
|
|
|
|
| Medtronic PLC | |
|
|
|
|
|
|
| Stryker Corp. | |
|
|
|
|
|
|
| Thermo Fisher Scientific Inc. | |
|
|
|
|
|
|
| UnitedHealth Group Inc. | |
|
|
|
|
|
|
| Debt to Capital, Sector | |||||||
| Health Care Equipment & Services | |
|
|
|
|
|
|
| Debt to Capital, Industry | |||||||
| Health Care | |
|
|
|
|
|
|
Based on: 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25), 10-K (filing date: 2014-11-26), 10-K (filing date: 2013-11-27).
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. | Becton, Dickinson & Co.’s debt to capital ratio improved from 2016 to 2017 and from 2017 to 2018. |
Debt to Assets
Becton, Dickinson & Co., debt to assets calculation, comparison to benchmarks
| Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | Sep 30, 2014 | Sep 30, 2013 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in millions) | |||||||
| Short-term debt | |
|
|
|
|
|
|
| Long-term debt, excluding current portion | |
|
|
|
|
|
|
| Total debt | |
|
|
|
|
|
|
| Total assets | |
|
|
|
|
|
|
| Ratio | |||||||
| Debt to assets1 | |
|
|
|
|
|
|
| Benchmarks | |||||||
| Debt to Assets, Competitors2 | |||||||
| Intuitive Surgical Inc. | |
|
|
|
|
|
|
| Medtronic PLC | |
|
|
|
|
|
|
| Stryker Corp. | |
|
|
|
|
|
|
| Thermo Fisher Scientific Inc. | |
|
|
|
|
|
|
| UnitedHealth Group Inc. | |
|
|
|
|
|
|
| Debt to Assets, Sector | |||||||
| Health Care Equipment & Services | |
|
|
|
|
|
|
| Debt to Assets, Industry | |||||||
| Health Care | |
|
|
|
|
|
|
Based on: 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25), 10-K (filing date: 2014-11-26), 10-K (filing date: 2013-11-27).
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. | Becton, Dickinson & Co.’s debt to assets ratio deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level. |
Financial Leverage
Becton, Dickinson & Co., financial leverage calculation, comparison to benchmarks
| Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | Sep 30, 2014 | Sep 30, 2013 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in millions) | |||||||
| Total assets | |
|
|
|
|
|
|
| Shareholders’ equity | |
|
|
|
|
|
|
| Ratio | |||||||
| Financial leverage1 | |
|
|
|
|
|
|
| Benchmarks | |||||||
| Financial Leverage, Competitors2 | |||||||
| Intuitive Surgical Inc. | |
|
|
|
|
|
|
| Medtronic PLC | |
|
|
|
|
|
|
| Stryker Corp. | |
|
|
|
|
|
|
| Thermo Fisher Scientific Inc. | |
|
|
|
|
|
|
| UnitedHealth Group Inc. | |
|
|
|
|
|
|
| Financial Leverage, Sector | |||||||
| Health Care Equipment & Services | |
|
|
|
|
|
|
| Financial Leverage, Industry | |||||||
| Health Care | |
|
|
|
|
|
|
Based on: 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25), 10-K (filing date: 2014-11-26), 10-K (filing date: 2013-11-27).
1 2018 Calculation
Financial leverage = Total assets ÷ 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. | Becton, Dickinson & Co.’s financial leverage ratio improved from 2016 to 2017 and from 2017 to 2018. |
Interest Coverage
Becton, Dickinson & Co., interest coverage calculation, comparison to benchmarks
| Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | Sep 30, 2014 | Sep 30, 2013 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (USD $ in millions) | |||||||
| Net income | |
|
|
|
|
|
|
| Less: Income from discontinued operations, net of income tax provision | |
|
|
|
|
|
|
| Add: Income tax expense | |
|
|
|
|
|
|
| Add: Interest expense | |
|
|
|
|
|
|
| Earnings before interest and tax (EBIT) | |
|
|
|
|
|
|
| Ratio | |||||||
| Interest coverage1 | |
|
|
|
|
|
|
| Benchmarks | |||||||
| Interest Coverage, Competitors2 | |||||||
| Intuitive Surgical Inc. | |
|
|
|
|
|
|
| Medtronic PLC | |
|
|
|
|
|
|
| Stryker Corp. | |
|
|
|
|
|
|
| Thermo Fisher Scientific Inc. | |
|
|
|
|
|
|
| UnitedHealth Group Inc. | |
|
|
|
|
|
|
| Interest Coverage, Sector | |||||||
| Health Care Equipment & Services | |
|
|
|
|
|
|
| Interest Coverage, Industry | |||||||
| Health Care | |
|
|
|
|
|
|
Based on: 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25), 10-K (filing date: 2014-11-26), 10-K (filing date: 2013-11-27).
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. | Becton, Dickinson & Co.’s interest coverage ratio deteriorated from 2016 to 2017 and from 2017 to 2018. |
Fixed Charge Coverage
Becton, Dickinson & Co., fixed charge coverage calculation, comparison to benchmarks
| Sep 30, 2018 | Sep 30, 2017 | Sep 30, 2016 | Sep 30, 2015 | Sep 30, 2014 | Sep 30, 2013 | ||
|---|---|---|---|---|---|---|---|
| Federal statutory tax rate | |
|
|
|
|
|
|
| Selected Financial Data (USD $ in millions) | |||||||
| Net income | |
|
|
|
|
|
|
| Less: Income from discontinued operations, net of income tax provision | |
|
|
|
|
|
|
| Add: Income tax expense | |
|
|
|
|
|
|
| Add: Interest expense | |
|
|
|
|
|
|
| Earnings before interest and tax (EBIT) | |
|
|
|
|
|
|
| Add: Rental expense for all operating leases | |
|
|
|
|
|
|
| Earnings before fixed charges and tax | |
|
|
|
|
|
|
| Interest expense | |
|
|
|
|
|
|
| Rental expense for all operating leases | |
|
|
|
|
|
|
| Preferred stock dividends | |
|
|
|
|
|
|
| Preferred stock dividends, tax adjustment1 | |
|
|
|
|
|
|
| Preferred stock dividends, after tax adjustment | |
|
|
|
|
|
|
| Fixed charges | |
|
|
|
|
|
|
| Ratio | |||||||
| Fixed charge coverage2 | |
|
|
|
|
|
|
| Benchmarks | |||||||
| Fixed Charge Coverage, Competitors3 | |||||||
| Medtronic PLC | |
|
|
|
|
|
|
| Stryker Corp. | |
|
|
|
|
|
|
| Thermo Fisher Scientific Inc. | |
|
|
|
|
|
|
| UnitedHealth Group Inc. | |
|
|
|
|
|
|
| Fixed Charge Coverage, Sector | |||||||
| Health Care Equipment & Services | |
|
|
|
|
|
|
| Fixed Charge Coverage, Industry | |||||||
| Health Care | |
|
|
|
|
|
|
Based on: 10-K (filing date: 2018-11-21), 10-K (filing date: 2017-11-22), 10-K (filing date: 2016-11-23), 10-K (filing date: 2015-11-25), 10-K (filing date: 2014-11-26), 10-K (filing date: 2013-11-27).
1 2018 Calculation
Preferred stock dividends, tax adjustment = (Preferred stock dividends × Federal statutory tax rate) ÷ (1 − Federal statutory tax rate)
= ( × ) ÷ (1 − ) =
2 2018 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= ÷ =
3 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. | Becton, Dickinson & Co.’s fixed charge coverage ratio deteriorated from 2016 to 2017 and from 2017 to 2018. |