Stock Analysis on Net

GameStop Corp. (NYSE:GME)

This company has been moved to the archive! The financial data has not been updated since June 1, 2022.

Analysis of Solvency Ratios 

Microsoft Excel

Solvency Ratios (Summary)

GameStop Corp., solvency ratios

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Debt Ratios
Debt to equity 0.03 0.83 0.69 0.61 0.37 0.36
Debt to equity (including operating lease liability) 0.40 2.40 1.94 0.61 0.37 0.36
Debt to capital 0.03 0.45 0.41 0.38 0.27 0.27
Debt to capital (including operating lease liability) 0.29 0.71 0.66 0.38 0.27 0.27
Debt to assets 0.01 0.15 0.15 0.20 0.16 0.16
Debt to assets (including operating lease liability) 0.19 0.42 0.42 0.20 0.16 0.16
Financial leverage 2.18 5.66 4.61 3.03 2.28 2.21
Coverage Ratios
Interest coverage -13.70 -6.94 -10.09 -12.26 2.41 10.38
Fixed charge coverage -0.22 0.22 -0.12 -0.82 1.16 2.01

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

Microsoft Excel
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. 0.54 0.66 0.83 0.97 1.41
Booking Holdings Inc. 1.77 2.46 1.45 0.98 0.85
Dollar Tree Inc. 0.44 0.44 0.60 0.76 0.79 1.17
Home Depot Inc. 11.29 18.59 5.45
Lowe’s Cos. Inc. 15.16 9.79 4.45 2.89 2.44
Target Corp. 1.07 0.88 0.97 1.00 0.99 1.16
Ulta Beauty Inc. 0.00 0.00 0.00 0.00 0.00 0.00
Debt to Equity, Sector
Retailing 0.92 1.19 1.37 1.40 1.58
Debt to Equity, Industry
Consumer Discretionary 1.55 2.25 2.39 2.31 2.28

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

Microsoft Excel
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. 0.96 1.08 1.25 0.97 1.41
Booking Holdings Inc. 1.85 2.56 1.56 0.98 0.85
Dollar Tree Inc. 1.29 1.32 1.60 0.76 0.79 1.17
Home Depot Inc. 13.16 18.59 5.45
Lowe’s Cos. Inc. 18.24 12.04 4.45 2.89 2.44
Target Corp. 1.28 1.05 1.18 1.19 0.99 1.16
Ulta Beauty Inc. 1.20 0.95 1.02 0.00 0.00 0.00
Debt to Equity (including Operating Lease Liability), Sector
Retailing 1.39 1.71 1.69 1.40 1.58
Debt to Equity (including Operating Lease Liability), Industry
Consumer Discretionary 1.90 2.65 2.63 2.31 2.28

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

Microsoft Excel
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. 0.35 0.40 0.45 0.49 0.59
Booking Holdings Inc. 0.64 0.71 0.59 0.50 0.46
Dollar Tree Inc. 0.31 0.31 0.38 0.43 0.44 0.54
Home Depot Inc. 1.04 0.92 1.11 1.07 0.95 0.84
Lowe’s Cos. Inc. 1.24 0.94 0.91 0.82 0.74 0.71
Target Corp. 0.52 0.47 0.49 0.50 0.50 0.54
Ulta Beauty Inc. 0.00 0.00 0.00 0.00 0.00 0.00
Debt to Capital, Sector
Retailing 0.48 0.54 0.58 0.58 0.61
Debt to Capital, Industry
Consumer Discretionary 0.61 0.69 0.70 0.70 0.70

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

Microsoft Excel
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. 0.49 0.52 0.56 0.49 0.59
Booking Holdings Inc. 0.65 0.72 0.61 0.50 0.46
Dollar Tree Inc. 0.56 0.57 0.62 0.43 0.44 0.54
Home Depot Inc. 1.04 0.93 1.09 1.07 0.95 0.84
Lowe’s Cos. Inc. 1.20 0.95 0.92 0.82 0.74 0.71
Target Corp. 0.56 0.51 0.54 0.54 0.50 0.54
Ulta Beauty Inc. 0.55 0.49 0.50 0.00 0.00 0.00
Debt to Capital (including Operating Lease Liability), Sector
Retailing 0.58 0.63 0.63 0.58 0.61
Debt to Capital (including Operating Lease Liability), Industry
Consumer Discretionary 0.65 0.73 0.72 0.70 0.70

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

Microsoft Excel
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. 0.18 0.19 0.23 0.26 0.30
Booking Holdings Inc. 0.46 0.55 0.40 0.38 0.37
Dollar Tree Inc. 0.16 0.16 0.19 0.32 0.35 0.40
Home Depot Inc. 0.56 0.53 0.61 0.66 0.61 0.55
Lowe’s Cos. Inc. 0.55 0.47 0.49 0.47 0.48 0.46
Target Corp. 0.25 0.25 0.27 0.27 0.30 0.34
Ulta Beauty Inc. 0.00 0.00 0.00 0.00 0.00 0.00
Debt to Assets, Sector
Retailing 0.25 0.28 0.32 0.35 0.37
Debt to Assets, Industry
Consumer Discretionary 0.37 0.42 0.44 0.46 0.46

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

Microsoft Excel
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. 0.31 0.31 0.34 0.26 0.30
Booking Holdings Inc. 0.48 0.57 0.43 0.38 0.37
Dollar Tree Inc. 0.46 0.47 0.51 0.32 0.35 0.40
Home Depot Inc. 0.64 0.62 0.73 0.66 0.61 0.55
Lowe’s Cos. Inc. 0.66 0.56 0.60 0.47 0.48 0.46
Target Corp. 0.31 0.29 0.33 0.33 0.30 0.34
Ulta Beauty Inc. 0.39 0.37 0.40 0.00 0.00 0.00
Debt to Assets (including Operating Lease Liability), Sector
Retailing 0.38 0.40 0.39 0.35 0.37
Debt to Assets (including Operating Lease Liability), Industry
Consumer Discretionary 0.45 0.49 0.48 0.46 0.46

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

Microsoft Excel
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. 3.04 3.44 3.63 3.73 4.74
Booking Holdings Inc. 3.83 4.47 3.61 2.58 2.26
Dollar Tree Inc. 2.81 2.84 3.13 2.39 2.27 2.91
Home Depot Inc. 21.39 30.63 9.92
Lowe’s Cos. Inc. 32.52 20.02 9.47 6.01 5.35
Target Corp. 4.20 3.55 3.62 3.65 3.33 3.42
Ulta Beauty Inc. 3.10 2.55 2.56 1.75 1.64 1.65
Financial Leverage, Sector
Retailing 3.69 4.28 4.33 4.03 4.29
Financial Leverage, Industry
Consumer Discretionary 4.23 5.36 5.47 5.07 4.99

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

Microsoft Excel
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. 22.09 15.69 9.73 8.95 5.48
Booking Holdings Inc. 5.39 2.59 23.40 18.97 18.32
Dollar Tree Inc. 10.12 12.81 7.78 -2.54 6.65 4.54
Home Depot Inc. 17.14 13.60 13.25 14.85 13.96 13.85
Lowe’s Cos. Inc. 13.49 9.88 8.83 6.21 9.46 8.92
Target Corp. 22.16 6.68 9.78 8.97 6.47 4.95
Ulta Beauty Inc.
Interest Coverage, Sector
Retailing 14.10 12.25 10.34 10.50 8.75
Interest Coverage, Industry
Consumer Discretionary 10.89 6.52 8.79 9.89 10.24

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

Microsoft Excel
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. 5.24 4.63 3.65 3.34 2.25
Booking Holdings Inc. 3.82 2.03 14.27 12.57 12.77
Dollar Tree Inc. 1.92 2.02 1.65 0.26 2.04 1.80
Home Depot Inc. 9.94 8.97 8.26 7.80 7.49 7.39
Lowe’s Cos. Inc. 8.02 6.05 5.04 3.68 5.31 5.31
Target Corp. 12.02 5.24 6.48 6.16 5.10 4.29
Ulta Beauty Inc. 5.16 1.76 4.14 4.28 4.26 4.23
Fixed Charge Coverage, Sector
Retailing 5.35 4.84 4.46 4.64 4.30
Fixed Charge Coverage, Industry
Consumer Discretionary 5.18 3.38 4.14 4.65 4.96

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.