Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
GameStop Corp., solvency ratios
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | GameStop Corp. debt to equity ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | GameStop Corp. debt to equity ratio (including operating lease liability) deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | GameStop Corp. debt to capital ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
| 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. | GameStop Corp. debt to capital ratio (including operating lease liability) deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | GameStop Corp. debt to assets ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | GameStop Corp. debt to assets ratio (including operating lease liability) deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | GameStop Corp. financial leverage ratio increased from 2020 to 2021 but then decreased significantly from 2021 to 2022. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | GameStop Corp. interest coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | GameStop Corp. fixed charge coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Debt to Equity
GameStop Corp., debt to equity calculation, comparison to benchmarks
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Short-term debt, including current portion of long-term debt, net | 4,100) | 121,700) | —) | 349,200) | —) | —) | |
| Borrowings under revolving line of credit | —) | 25,000) | —) | —) | —) | —) | |
| Long-term debt, net, excluding current portion | 40,500) | 216,000) | 419,800) | 471,600) | 817,900) | 815,000) | |
| Total debt | 44,600) | 362,700) | 419,800) | 820,800) | 817,900) | 815,000) | |
| Stockholders’ equity | 1,602,500) | 436,700) | 611,500) | 1,336,200) | 2,214,500) | 2,254,100) | |
| Solvency Ratio | |||||||
| Debt to equity1 | 0.03 | 0.83 | 0.69 | 0.61 | 0.37 | 0.36 | |
| Benchmarks | |||||||
| Debt to Equity, Competitors2 | |||||||
| Amazon.com Inc. | 0.59 | 0.54 | 0.66 | 0.83 | — | — | |
| Home Depot Inc. | — | 11.29 | — | — | — | — | |
| Lowe’s Cos. Inc. | — | 15.16 | 9.79 | 4.45 | — | — | |
| TJX Cos. Inc. | 0.56 | 1.04 | 0.38 | 0.44 | — | — | |
| Debt to Equity, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 1.06 | 0.93 | 1.17 | 1.44 | — | — | |
| Debt to Equity, Industry | |||||||
| Consumer Discretionary | 1.62 | 1.57 | 2.27 | 2.45 | — | — | |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).
1 2022 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 44,600 ÷ 1,602,500 = 0.03
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. | GameStop Corp. debt to equity ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Debt to Equity (including Operating Lease Liability)
GameStop Corp., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Short-term debt, including current portion of long-term debt, net | 4,100) | 121,700) | —) | 349,200) | —) | —) | |
| Borrowings under revolving line of credit | —) | 25,000) | —) | —) | —) | —) | |
| Long-term debt, net, excluding current portion | 40,500) | 216,000) | 419,800) | 471,600) | 817,900) | 815,000) | |
| Total debt | 44,600) | 362,700) | 419,800) | 820,800) | 817,900) | 815,000) | |
| Current portion of operating lease liabilities | 210,700) | 227,400) | 239,400) | —) | —) | —) | |
| Operating lease liabilities, excluding current portion | 393,700) | 456,700) | 529,300) | —) | —) | —) | |
| Total debt (including operating lease liability) | 649,000) | 1,046,800) | 1,188,500) | 820,800) | 817,900) | 815,000) | |
| Stockholders’ equity | 1,602,500) | 436,700) | 611,500) | 1,336,200) | 2,214,500) | 2,254,100) | |
| Solvency Ratio | |||||||
| Debt to equity (including operating lease liability)1 | 0.40 | 2.40 | 1.94 | 0.61 | 0.37 | 0.36 | |
| Benchmarks | |||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||
| Amazon.com Inc. | 1.06 | 0.96 | 1.08 | 1.25 | — | — | |
| Home Depot Inc. | — | 13.16 | — | — | — | — | |
| Lowe’s Cos. Inc. | — | 18.24 | 12.04 | 4.45 | — | — | |
| TJX Cos. Inc. | 2.08 | 2.66 | 1.93 | 0.44 | — | — | |
| Debt to Equity (including Operating Lease Liability), Sector | |||||||
| Consumer Discretionary Distribution & Retail | 1.67 | 1.46 | 1.76 | 1.82 | — | — | |
| Debt to Equity (including Operating Lease Liability), Industry | |||||||
| Consumer Discretionary | 2.00 | 1.93 | 2.70 | 2.71 | — | — | |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).
1 2022 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 649,000 ÷ 1,602,500 = 0.40
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. | GameStop Corp. debt to equity ratio (including operating lease liability) deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Debt to Capital
GameStop Corp., debt to capital calculation, comparison to benchmarks
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Short-term debt, including current portion of long-term debt, net | 4,100) | 121,700) | —) | 349,200) | —) | —) | |
| Borrowings under revolving line of credit | —) | 25,000) | —) | —) | —) | —) | |
| Long-term debt, net, excluding current portion | 40,500) | 216,000) | 419,800) | 471,600) | 817,900) | 815,000) | |
| Total debt | 44,600) | 362,700) | 419,800) | 820,800) | 817,900) | 815,000) | |
| Stockholders’ equity | 1,602,500) | 436,700) | 611,500) | 1,336,200) | 2,214,500) | 2,254,100) | |
| Total capital | 1,647,100) | 799,400) | 1,031,300) | 2,157,000) | 3,032,400) | 3,069,100) | |
| Solvency Ratio | |||||||
| Debt to capital1 | 0.03 | 0.45 | 0.41 | 0.38 | 0.27 | 0.27 | |
| Benchmarks | |||||||
| Debt to Capital, Competitors2 | |||||||
| Amazon.com Inc. | 0.37 | 0.35 | 0.40 | 0.45 | — | — | |
| Home Depot Inc. | 1.04 | 0.92 | 1.11 | 1.07 | — | — | |
| Lowe’s Cos. Inc. | 1.24 | 0.94 | 0.91 | 0.82 | — | — | |
| TJX Cos. Inc. | 0.36 | 0.51 | 0.27 | 0.31 | — | — | |
| Debt to Capital, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 0.51 | 0.48 | 0.54 | 0.59 | — | — | |
| Debt to Capital, Industry | |||||||
| Consumer Discretionary | 0.62 | 0.61 | 0.69 | 0.71 | — | — | |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).
1 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 44,600 ÷ 1,647,100 = 0.03
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. | GameStop Corp. debt to capital ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Debt to Capital (including Operating Lease Liability)
GameStop Corp., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Short-term debt, including current portion of long-term debt, net | 4,100) | 121,700) | —) | 349,200) | —) | —) | |
| Borrowings under revolving line of credit | —) | 25,000) | —) | —) | —) | —) | |
| Long-term debt, net, excluding current portion | 40,500) | 216,000) | 419,800) | 471,600) | 817,900) | 815,000) | |
| Total debt | 44,600) | 362,700) | 419,800) | 820,800) | 817,900) | 815,000) | |
| Current portion of operating lease liabilities | 210,700) | 227,400) | 239,400) | —) | —) | —) | |
| Operating lease liabilities, excluding current portion | 393,700) | 456,700) | 529,300) | —) | —) | —) | |
| Total debt (including operating lease liability) | 649,000) | 1,046,800) | 1,188,500) | 820,800) | 817,900) | 815,000) | |
| Stockholders’ equity | 1,602,500) | 436,700) | 611,500) | 1,336,200) | 2,214,500) | 2,254,100) | |
| Total capital (including operating lease liability) | 2,251,500) | 1,483,500) | 1,800,000) | 2,157,000) | 3,032,400) | 3,069,100) | |
| Solvency Ratio | |||||||
| Debt to capital (including operating lease liability)1 | 0.29 | 0.71 | 0.66 | 0.38 | 0.27 | 0.27 | |
| Benchmarks | |||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||
| Amazon.com Inc. | 0.51 | 0.49 | 0.52 | 0.56 | — | — | |
| Home Depot Inc. | 1.04 | 0.93 | 1.09 | 1.07 | — | — | |
| Lowe’s Cos. Inc. | 1.20 | 0.95 | 0.92 | 0.82 | — | — | |
| TJX Cos. Inc. | 0.68 | 0.73 | 0.66 | 0.31 | — | — | |
| Debt to Capital (including Operating Lease Liability), Sector | |||||||
| Consumer Discretionary Distribution & Retail | 0.63 | 0.59 | 0.64 | 0.65 | — | — | |
| Debt to Capital (including Operating Lease Liability), Industry | |||||||
| Consumer Discretionary | 0.67 | 0.66 | 0.73 | 0.73 | — | — | |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).
1 2022 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 649,000 ÷ 2,251,500 = 0.29
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. | GameStop Corp. debt to capital ratio (including operating lease liability) deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Debt to Assets
GameStop Corp., debt to assets calculation, comparison to benchmarks
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Short-term debt, including current portion of long-term debt, net | 4,100) | 121,700) | —) | 349,200) | —) | —) | |
| Borrowings under revolving line of credit | —) | 25,000) | —) | —) | —) | —) | |
| Long-term debt, net, excluding current portion | 40,500) | 216,000) | 419,800) | 471,600) | 817,900) | 815,000) | |
| Total debt | 44,600) | 362,700) | 419,800) | 820,800) | 817,900) | 815,000) | |
| Total assets | 3,499,300) | 2,472,600) | 2,819,700) | 4,044,300) | 5,041,600) | 4,975,900) | |
| Solvency Ratio | |||||||
| Debt to assets1 | 0.01 | 0.15 | 0.15 | 0.20 | 0.16 | 0.16 | |
| Benchmarks | |||||||
| Debt to Assets, Competitors2 | |||||||
| Amazon.com Inc. | 0.19 | 0.18 | 0.19 | 0.23 | — | — | |
| Home Depot Inc. | 0.56 | 0.53 | 0.61 | 0.66 | — | — | |
| Lowe’s Cos. Inc. | 0.55 | 0.47 | 0.49 | 0.47 | — | — | |
| TJX Cos. Inc. | 0.12 | 0.20 | 0.09 | 0.16 | — | — | |
| Debt to Assets, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 0.25 | 0.24 | 0.26 | 0.31 | — | — | |
| Debt to Assets, Industry | |||||||
| Consumer Discretionary | 0.36 | 0.37 | 0.42 | 0.44 | — | — | |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).
1 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 44,600 ÷ 3,499,300 = 0.01
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. | GameStop Corp. debt to assets ratio improved from 2020 to 2021 and from 2021 to 2022. |
Debt to Assets (including Operating Lease Liability)
GameStop Corp., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Short-term debt, including current portion of long-term debt, net | 4,100) | 121,700) | —) | 349,200) | —) | —) | |
| Borrowings under revolving line of credit | —) | 25,000) | —) | —) | —) | —) | |
| Long-term debt, net, excluding current portion | 40,500) | 216,000) | 419,800) | 471,600) | 817,900) | 815,000) | |
| Total debt | 44,600) | 362,700) | 419,800) | 820,800) | 817,900) | 815,000) | |
| Current portion of operating lease liabilities | 210,700) | 227,400) | 239,400) | —) | —) | —) | |
| Operating lease liabilities, excluding current portion | 393,700) | 456,700) | 529,300) | —) | —) | —) | |
| Total debt (including operating lease liability) | 649,000) | 1,046,800) | 1,188,500) | 820,800) | 817,900) | 815,000) | |
| Total assets | 3,499,300) | 2,472,600) | 2,819,700) | 4,044,300) | 5,041,600) | 4,975,900) | |
| Solvency Ratio | |||||||
| Debt to assets (including operating lease liability)1 | 0.19 | 0.42 | 0.42 | 0.20 | 0.16 | 0.16 | |
| Benchmarks | |||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||
| Amazon.com Inc. | 0.33 | 0.31 | 0.31 | 0.34 | — | — | |
| Home Depot Inc. | 0.64 | 0.62 | 0.73 | 0.66 | — | — | |
| Lowe’s Cos. Inc. | 0.66 | 0.56 | 0.60 | 0.47 | — | — | |
| TJX Cos. Inc. | 0.44 | 0.50 | 0.47 | 0.16 | — | — | |
| Debt to Assets (including Operating Lease Liability), Sector | |||||||
| Consumer Discretionary Distribution & Retail | 0.40 | 0.38 | 0.40 | 0.39 | — | — | |
| Debt to Assets (including Operating Lease Liability), Industry | |||||||
| Consumer Discretionary | 0.45 | 0.45 | 0.50 | 0.49 | — | — | |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).
1 2022 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 649,000 ÷ 3,499,300 = 0.19
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. | GameStop Corp. debt to assets ratio (including operating lease liability) deteriorated from 2020 to 2021 but then improved from 2021 to 2022 exceeding 2020 level. |
Financial Leverage
GameStop Corp., financial leverage calculation, comparison to benchmarks
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Total assets | 3,499,300) | 2,472,600) | 2,819,700) | 4,044,300) | 5,041,600) | 4,975,900) | |
| Stockholders’ equity | 1,602,500) | 436,700) | 611,500) | 1,336,200) | 2,214,500) | 2,254,100) | |
| Solvency Ratio | |||||||
| Financial leverage1 | 2.18 | 5.66 | 4.61 | 3.03 | 2.28 | 2.21 | |
| Benchmarks | |||||||
| Financial Leverage, Competitors2 | |||||||
| Amazon.com Inc. | 3.17 | 3.04 | 3.44 | 3.63 | — | — | |
| Home Depot Inc. | — | 21.39 | — | — | — | — | |
| Lowe’s Cos. Inc. | — | 32.52 | 20.02 | 9.47 | — | — | |
| TJX Cos. Inc. | 4.74 | 5.28 | 4.06 | 2.84 | — | — | |
| Financial Leverage, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 4.18 | 3.82 | 4.44 | 4.62 | — | — | |
| Financial Leverage, Industry | |||||||
| Consumer Discretionary | 4.45 | 4.27 | 5.43 | 5.59 | — | — | |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).
1 2022 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 3,499,300 ÷ 1,602,500 = 2.18
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. | GameStop Corp. financial leverage ratio increased from 2020 to 2021 but then decreased significantly from 2021 to 2022. |
Interest Coverage
GameStop Corp., interest coverage calculation, comparison to benchmarks
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income (loss) | (381,300) | (215,300) | (470,900) | (673,000) | 34,700) | 353,200) | |
| Less: Income (loss) from discontinued operations, net of tax | —) | (700) | (6,500) | 121,800) | —) | —) | |
| Add: Income tax expense | (14,100) | (55,300) | 37,600) | 41,700) | 45,600) | 151,500) | |
| Add: Interest expense | 26,900) | 34,000) | 38,500) | 56,800) | 56,800) | 53,800) | |
| Earnings before interest and tax (EBIT) | (368,500) | (235,900) | (388,300) | (696,300) | 137,100) | 558,500) | |
| Solvency Ratio | |||||||
| Interest coverage1 | -13.70 | -6.94 | -10.09 | -12.26 | 2.41 | 10.38 | |
| Benchmarks | |||||||
| Interest Coverage, Competitors2 | |||||||
| Amazon.com Inc. | -1.51 | 22.09 | 15.69 | 9.73 | — | — | |
| Home Depot Inc. | 17.14 | 13.60 | 13.25 | 14.85 | — | — | |
| Lowe’s Cos. Inc. | 13.49 | 9.88 | 8.83 | 6.21 | — | — | |
| TJX Cos. Inc. | 37.80 | 1.46 | 75.57 | 65.36 | — | — | |
| Interest Coverage, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 7.64 | 15.91 | 14.50 | 11.71 | — | — | |
| Interest Coverage, Industry | |||||||
| Consumer Discretionary | 7.69 | 10.79 | 6.23 | 9.81 | — | — | |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).
1 2022 Calculation
Interest coverage = EBIT ÷ Interest expense
= -368,500 ÷ 26,900 = -13.70
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. | GameStop Corp. interest coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Fixed Charge Coverage
GameStop Corp., fixed charge coverage calculation, comparison to benchmarks
| Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | Feb 3, 2018 | Jan 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income (loss) | (381,300) | (215,300) | (470,900) | (673,000) | 34,700) | 353,200) | |
| Less: Income (loss) from discontinued operations, net of tax | —) | (700) | (6,500) | 121,800) | —) | —) | |
| Add: Income tax expense | (14,100) | (55,300) | 37,600) | 41,700) | 45,600) | 151,500) | |
| Add: Interest expense | 26,900) | 34,000) | 38,500) | 56,800) | 56,800) | 53,800) | |
| Earnings before interest and tax (EBIT) | (368,500) | (235,900) | (388,300) | (696,300) | 137,100) | 558,500) | |
| Add: Operating lease cost | 296,300) | 311,500) | 342,600) | 357,600) | 442,400) | 444,300) | |
| Earnings before fixed charges and tax | (72,200) | 75,600) | (45,700) | (338,700) | 579,500) | 1,002,800) | |
| Interest expense | 26,900) | 34,000) | 38,500) | 56,800) | 56,800) | 53,800) | |
| Operating lease cost | 296,300) | 311,500) | 342,600) | 357,600) | 442,400) | 444,300) | |
| Fixed charges | 323,200) | 345,500) | 381,100) | 414,400) | 499,200) | 498,100) | |
| Solvency Ratio | |||||||
| Fixed charge coverage1 | -0.22 | 0.22 | -0.12 | -0.82 | 1.16 | 2.01 | |
| Benchmarks | |||||||
| Fixed Charge Coverage, Competitors2 | |||||||
| Amazon.com Inc. | 0.47 | 5.24 | 4.63 | 3.65 | — | — | |
| Home Depot Inc. | 9.94 | 8.97 | 8.26 | 7.80 | — | — | |
| Lowe’s Cos. Inc. | 8.02 | 6.05 | 5.04 | 3.68 | — | — | |
| TJX Cos. Inc. | 3.17 | 1.04 | 3.43 | 3.39 | — | — | |
| Fixed Charge Coverage, Sector | |||||||
| Consumer Discretionary Distribution & Retail | 2.82 | 5.29 | 5.11 | 4.46 | — | — | |
| Fixed Charge Coverage, Industry | |||||||
| Consumer Discretionary | 3.35 | 5.00 | 3.18 | 4.31 | — | — | |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).
1 2022 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= -72,200 ÷ 323,200 = -0.22
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. | GameStop Corp. fixed charge coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |