Debt to Equity
since 2005
Calculation
Fidelity National Information Services Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Total FIS stockholders’ equity1 | |
|---|---|---|---|---|---|
| Dec 31, 2022 | 0.00 | = | —) | ÷ | 27,218) |
| Dec 31, 2021 | 0.43 | = | 20,353) | ÷ | 47,347) |
| Dec 31, 2020 | 0.41 | = | 20,015) | ÷ | 49,300) |
| Dec 31, 2019 | 0.41 | = | 20,192) | ÷ | 49,440) |
| Dec 31, 2018 | 0.88 | = | 8,985) | ÷ | 10,215) |
| Dec 31, 2017 | 0.81 | = | 8,763) | ÷ | 10,835) |
| Dec 31, 2016 | 1.08 | = | 10,478) | ÷ | 9,741) |
| Dec 31, 2015 | 1.24 | = | 11,513) | ÷ | 9,321) |
| Dec 31, 2014 | 0.77 | = | 5,068) | ÷ | 6,557) |
| Dec 31, 2013 | 0.68 | = | 4,469) | ÷ | 6,581) |
| Dec 31, 2012 | 0.66 | = | 4,386) | ÷ | 6,641) |
| Dec 31, 2011 | 0.74 | = | 4,810) | ÷ | 6,503) |
| Dec 31, 2010 | 0.81 | = | 5,192) | ÷ | 6,403) |
| Dec 31, 2009 | 0.39 | = | 3,253) | ÷ | 8,309) |
| Dec 31, 2008 | 0.71 | = | 2,515) | ÷ | 3,533) |
| Dec 31, 2007 | 1.13 | = | 4,275) | ÷ | 3,781) |
| Dec 31, 2006 | 0.96 | = | 3,010) | ÷ | 3,143) |
| Dec 31, 2005 | 3.69 | = | 2,564) | ÷ | 695) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The long-term capital structure exhibits a general transition from high leverage in the mid-2000s toward a more equity-heavy position by 2021, despite periodic spikes in total debt. The debt-to-equity ratio demonstrates significant volatility, reflecting various phases of capital expansion and deleveraging.
- Initial Deleveraging Phase (2005–2009)
- A sharp decline in the debt-to-equity ratio is observed, falling from a peak of 3.69 in 2005 to 0.39 by 2009. This trend was driven by a substantial increase in total stockholders' equity, which grew from 695 million USD to 8.3 billion USD over this period, while total debt remained relatively contained compared to the growth in equity.
- Intermediate Stability and Leverage Spike (2010–2018)
- Between 2010 and 2014, the ratio remained relatively stable, fluctuating between 0.66 and 0.81. However, a notable shift occurred in 2015, where total debt more than doubled from 5.07 billion USD in 2014 to 11.51 billion USD, causing the debt-to-equity ratio to peak at 1.24. Following this spike, the ratio gradually normalized, descending to 0.88 by 2018 as debt levels decreased and equity grew steadily.
- Capital Structure Expansion (2019–2021)
- A dramatic shift in the balance sheet is evident in 2019. While total debt increased significantly to 20.19 billion USD, total stockholders' equity expanded more aggressively, rising from 10.22 billion USD in 2018 to 49.44 billion USD. This resulted in a sharp reduction of the debt-to-equity ratio to 0.41, a level that remained consistent through 2021.
- Recent Equity Contraction (2022)
- In 2022, a substantial decrease in total stockholders' equity is recorded, falling from 47.35 billion USD to 27.22 billion USD. Although the debt-to-equity ratio for this specific period is not provided, the significant reduction in the equity base suggests a potential increase in financial leverage relative to the prior three years.
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Comparison to Competitors
Fidelity National Information Services Inc., debt to equity, long-term trends, comparison to competitors
| Fidelity National Information Services Inc. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 0.00 | 0.00 | 0.29 | 1.69 | 0.27 | 0.52 | 2.32 | 0.42 | 0.39 | — | 0.00 | 17.51 | 0.19 | 0.30 | 0.00 | 0.41 |
| Dec 31, 2021 | 0.43 | 0.00 | 0.28 | 1.51 | 0.13 | 0.71 | 2.74 | 0.21 | 0.50 | 16.08 | 0.00 | 5.08 | 0.07 | 0.43 | 0.02 | 0.55 |
| Dec 31, 2020 | 0.41 | 0.00 | 0.31 | — | 0.14 | 0.60 | 2.99 | 0.66 | 0.62 | 5.93 | 0.13 | 2.80 | 0.09 | 0.58 | 0.03 | 0.51 |
| Dec 31, 2019 | 0.41 | 0.00 | 0.39 | — | 0.16 | 0.00 | 3.02 | 0.12 | 0.77 | 2.58 | — | 0.90 | 0.22 | 0.33 | 0.03 | 0.62 |
| Dec 31, 2018 | 0.88 | 0.00 | 0.44 | — | 0.35 | — | 2.73 | 0.19 | 0.97 | 1.33 | — | 1.99 | 0.21 | 0.60 | 0.13 | 0.94 |
| Dec 31, 2017 | 0.81 | 0.00 | 0.22 | — | 0.74 | — | 2.66 | 0.36 | 1.23 | 1.08 | — | 0.69 | 0.32 | 2.01 | 0.04 | 0.46 |
| Dec 31, 2016 | 1.08 | 0.00 | 0.26 | — | 0.93 | — | 2.31 | 0.86 | 0.76 | 0.93 | — | 0.64 | 0.36 | 1.31 | 0.06 | 0.45 |
| Dec 31, 2015 | 1.24 | 0.00 | 0.27 | — | 0.25 | — | 2.80 | 0.21 | 0.44 | 0.86 | — | 1.00 | 0.49 | 0.84 | 0.07 | 0.44 |
| Dec 31, 2014 | 0.77 | 0.00 | 0.22 | — | 0.52 | — | 3.44 | 0.16 | 0.25 | 0.52 | — | 1.00 | 0.79 | 1.04 | 0.02 | 0.41 |
| Dec 31, 2013 | 0.68 | 0.01 | 0.23 | — | 0.28 | — | 1.74 | 0.14 | 0.20 | 0.41 | — | 0.00 | 0.25 | 1.05 | 0.04 | 0.04 |
| Dec 31, 2012 | 0.66 | 0.00 | 0.23 | — | 0.49 | — | 1.76 | 0.18 | 0.18 | 0.38 | — | 0.00 | 0.35 | 0.00 | 0.05 | — |
| Dec 31, 2011 | 0.74 | 0.00 | 0.26 | — | 1.04 | — | 1.56 | 0.38 | 0.21 | 0.40 | — | — | 0.38 | — | 0.00 | — |
| Dec 31, 2010 | 0.81 | 0.00 | 0.29 | — | 1.99 | — | 1.24 | 0.35 | 0.13 | 0.48 | — | — | 0.45 | — | 0.00 | — |
| Dec 31, 2009 | 0.39 | 0.00 | 0.20 | — | 4.02 | — | 1.15 | 0.39 | 0.15 | 0.41 | — | — | 0.01 | — | 0.00 | — |
| Dec 31, 2008 | 0.71 | 0.00 | 0.08 | — | 4.91 | — | 2.52 | 0.48 | 0.00 | 0.49 | — | — | 0.00 | — | 0.00 | — |
| Dec 31, 2007 | 1.13 | 0.01 | 0.00 | — | 0.35 | — | 1.24 | 0.49 | 0.00 | 0.45 | — | — | 0.00 | — | 0.00 | — |
| Dec 31, 2006 | 0.96 | 0.03 | 0.00 | — | 0.45 | — | 0.80 | 0.00 | 0.00 | 0.39 | — | — | 0.00 | — | 0.00 | — |
| Dec 31, 2005 | 3.69 | 0.04 | 0.00 | — | 0.31 | — | 0.68 | 0.00 | 0.00 | 0.26 | — | — | 0.01 | — | 0.00 | — |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Software & Services)
Fidelity National Information Services Inc., debt to equity, long-term trends, comparison to sector (software & services)
| Fidelity National Information Services Inc. | Software & Services | |
|---|---|---|
| Dec 31, 2022 | 0.00 | 0.71 |
| Dec 31, 2021 | 0.43 | 0.83 |
| Dec 31, 2020 | 0.41 | 0.95 |
| Dec 31, 2019 | 0.41 | 1.04 |
| Dec 31, 2018 | 0.88 | 1.07 |
| Dec 31, 2017 | 0.81 | 1.14 |
| Dec 31, 2016 | 1.08 | 0.90 |
| Dec 31, 2015 | 1.24 | 0.73 |
| Dec 31, 2014 | 0.77 | 0.54 |
| Dec 31, 2013 | 0.68 | 0.46 |
| Dec 31, 2012 | 0.66 | 0.44 |
| Dec 31, 2011 | 0.74 | 0.47 |
| Dec 31, 2010 | 0.81 | 0.46 |
| Dec 31, 2009 | 0.39 | 0.44 |
| Dec 31, 2008 | 0.71 | 0.56 |
| Dec 31, 2007 | 1.13 | 0.50 |
| Dec 31, 2006 | 0.96 | 0.31 |
| Dec 31, 2005 | 3.69 | 0.26 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Fidelity National Information Services Inc., debt to equity, long-term trends, comparison to industry (information technology)
| Fidelity National Information Services Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2022 | 0.00 | 0.70 |
| Dec 31, 2021 | 0.43 | 0.82 |
| Dec 31, 2020 | 0.41 | 0.95 |
| Dec 31, 2019 | 0.41 | 0.97 |
| Dec 31, 2018 | 0.88 | 0.82 |
| Dec 31, 2017 | 0.81 | 0.80 |
| Dec 31, 2016 | 1.08 | 0.65 |
| Dec 31, 2015 | 1.24 | 0.56 |
| Dec 31, 2014 | 0.77 | 0.38 |
| Dec 31, 2013 | 0.68 | 0.28 |
| Dec 31, 2012 | 0.66 | 0.24 |
| Dec 31, 2011 | 0.74 | 0.27 |
| Dec 31, 2010 | 0.81 | 0.24 |
| Dec 31, 2009 | 0.39 | 0.25 |
| Dec 31, 2008 | 0.71 | 0.28 |
| Dec 31, 2007 | 1.13 | 0.26 |
| Dec 31, 2006 | 0.96 | 0.19 |
| Dec 31, 2005 | 3.69 | 0.15 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).