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. | — | 0.54 | 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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. |