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Microsoft Excel LibreOffice Calc

International Business Machines Corp. (IBM)


Long-term Debt and Solvency Analysis

Difficulty: Beginner


Ratios (Summary)

International Business Machines Corp., debt and solvency ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Debt Ratios
Debt to equity hidden hidden hidden hidden hidden
Debt to capital hidden hidden hidden hidden hidden
Debt to assets hidden hidden hidden hidden hidden
Financial leverage hidden hidden hidden hidden hidden
Coverage Ratios
Interest coverage hidden hidden hidden hidden hidden
Fixed charge coverage hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24).

Ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. International Business Machines Corp.’s debt to equity ratio deteriorated 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. International Business Machines Corp.’s debt to capital ratio deteriorated from 2016 to 2017 and from 2017 to 2018.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. International Business Machines Corp.’s debt to assets ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. International Business Machines Corp.’s financial leverage ratio deteriorated 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. International Business Machines Corp.’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. International Business Machines Corp.’s fixed charge coverage ratio deteriorated from 2016 to 2017 and from 2017 to 2018.

Debt to Equity

International Business Machines Corp., debt to equity calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (USD $ in millions)
Short-term debt hidden hidden hidden hidden hidden
Long-term debt hidden hidden hidden hidden hidden
Total debt hidden hidden hidden hidden hidden
 
Total IBM stockholders’ equity hidden hidden hidden hidden hidden
Ratio
Debt to equity1 hidden hidden hidden hidden hidden
Benchmarks
Debt to Equity, Competitors
Adobe Inc. hidden hidden hidden hidden hidden
Alphabet Inc. hidden hidden hidden hidden hidden
Facebook Inc. hidden hidden hidden hidden hidden
Intuit Inc. hidden hidden hidden hidden hidden
Microsoft Corp. hidden hidden hidden hidden hidden
Oracle Corp. hidden hidden hidden hidden hidden
salesforce.com inc. hidden hidden hidden hidden hidden
Debt to Equity, Sector
Software & Computer Services hidden hidden hidden hidden hidden
Debt to Equity, Industry
Technology hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24).

2018 Calculations

1 Debt to equity = Total debt ÷ Total IBM stockholders’ equity
= hidden ÷ hidden = hidden

Ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. International Business Machines Corp.’s debt to equity ratio deteriorated from 2016 to 2017 and from 2017 to 2018.

Debt to Capital

International Business Machines Corp., debt to capital calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (USD $ in millions)
Short-term debt hidden hidden hidden hidden hidden
Long-term debt hidden hidden hidden hidden hidden
Total debt hidden hidden hidden hidden hidden
Total IBM stockholders’ equity hidden hidden hidden hidden hidden
Total capital hidden hidden hidden hidden hidden
Ratio
Debt to capital1 hidden hidden hidden hidden hidden
Benchmarks
Debt to Capital, Competitors
Adobe Inc. hidden hidden hidden hidden hidden
Alphabet Inc. hidden hidden hidden hidden hidden
Facebook Inc. hidden hidden hidden hidden hidden
Intuit Inc. hidden hidden hidden hidden hidden
Microsoft Corp. hidden hidden hidden hidden hidden
Oracle Corp. hidden hidden hidden hidden hidden
salesforce.com inc. hidden hidden hidden hidden hidden
Debt to Capital, Sector
Software & Computer Services hidden hidden hidden hidden hidden
Debt to Capital, Industry
Technology hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24).

2018 Calculations

1 Debt to capital = Total debt ÷ Total capital
= hidden ÷ hidden = hidden

Ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. International Business Machines Corp.’s debt to capital ratio deteriorated from 2016 to 2017 and from 2017 to 2018.

Debt to Assets

International Business Machines Corp., debt to assets calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (USD $ in millions)
Short-term debt hidden hidden hidden hidden hidden
Long-term debt hidden hidden hidden hidden hidden
Total debt hidden hidden hidden hidden hidden
 
Total assets hidden hidden hidden hidden hidden
Ratio
Debt to assets1 hidden hidden hidden hidden hidden
Benchmarks
Debt to Assets, Competitors
Adobe Inc. hidden hidden hidden hidden hidden
Alphabet Inc. hidden hidden hidden hidden hidden
Facebook Inc. hidden hidden hidden hidden hidden
Intuit Inc. hidden hidden hidden hidden hidden
Microsoft Corp. hidden hidden hidden hidden hidden
Oracle Corp. hidden hidden hidden hidden hidden
salesforce.com inc. hidden hidden hidden hidden hidden
Debt to Assets, Sector
Software & Computer Services hidden hidden hidden hidden hidden
Debt to Assets, Industry
Technology hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24).

2018 Calculations

1 Debt to assets = Total debt ÷ Total assets
= hidden ÷ hidden = hidden

Ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. International Business Machines Corp.’s debt to assets ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.

Financial Leverage

International Business Machines Corp., financial leverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (USD $ in millions)
Total assets hidden hidden hidden hidden hidden
Total IBM stockholders’ equity hidden hidden hidden hidden hidden
Ratio
Financial leverage1 hidden hidden hidden hidden hidden
Benchmarks
Financial Leverage, Competitors
Adobe Inc. hidden hidden hidden hidden hidden
Alphabet Inc. hidden hidden hidden hidden hidden
Facebook Inc. hidden hidden hidden hidden hidden
Intuit Inc. hidden hidden hidden hidden hidden
Microsoft Corp. hidden hidden hidden hidden hidden
Oracle Corp. hidden hidden hidden hidden hidden
salesforce.com inc. hidden hidden hidden hidden hidden
Financial Leverage, Sector
Software & Computer Services hidden hidden hidden hidden hidden
Financial Leverage, Industry
Technology hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24).

2018 Calculations

1 Financial leverage = Total assets ÷ Total IBM stockholders’ equity
= hidden ÷ hidden = hidden

Ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. International Business Machines Corp.’s financial leverage ratio deteriorated from 2016 to 2017 and from 2017 to 2018.

Interest Coverage

International Business Machines Corp., interest coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (USD $ in millions)
Net income attributable to IBM hidden hidden hidden hidden hidden
Add: Net income attributable to noncontrolling interest hidden hidden hidden hidden hidden
Less: Income (loss) from discontinued operations, net of tax hidden hidden hidden hidden hidden
Add: Income tax expense hidden hidden hidden hidden hidden
Add: Interest expense hidden hidden hidden hidden hidden
Earnings before interest and tax (EBIT) hidden hidden hidden hidden hidden
Ratio
Interest coverage1 hidden hidden hidden hidden hidden
Benchmarks
Interest Coverage, Competitors
Adobe Inc. hidden hidden hidden hidden hidden
Alphabet Inc. hidden hidden hidden hidden hidden
Facebook Inc. hidden hidden hidden hidden hidden
Intuit Inc. hidden hidden hidden hidden hidden
Microsoft Corp. hidden hidden hidden hidden hidden
Oracle Corp. hidden hidden hidden hidden hidden
salesforce.com inc. hidden hidden hidden hidden hidden
Interest Coverage, Sector
Software & Computer Services hidden hidden hidden hidden hidden
Interest Coverage, Industry
Technology hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24).

2018 Calculations

1 Interest coverage = EBIT ÷ Interest expense
= hidden ÷ hidden = hidden

Ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. International Business Machines Corp.’s interest coverage ratio deteriorated from 2016 to 2017 and from 2017 to 2018.

Fixed Charge Coverage

International Business Machines Corp., fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (USD $ in millions)
Net income attributable to IBM hidden hidden hidden hidden hidden
Add: Net income attributable to noncontrolling interest hidden hidden hidden hidden hidden
Less: Income (loss) from discontinued operations, net of tax hidden hidden hidden hidden hidden
Add: Income tax expense hidden hidden hidden hidden hidden
Add: Interest expense hidden hidden hidden hidden hidden
Earnings before interest and tax (EBIT) hidden hidden hidden hidden hidden
Add: Rental expense hidden hidden hidden hidden hidden
Earnings before fixed charges and tax hidden hidden hidden hidden hidden
 
Interest expense hidden hidden hidden hidden hidden
Rental expense hidden hidden hidden hidden hidden
Fixed charges hidden hidden hidden hidden hidden
Ratio
Fixed charge coverage1 hidden hidden hidden hidden hidden
Benchmarks
Fixed Charge Coverage, Competitors
Adobe Inc. hidden hidden hidden hidden hidden
Alphabet Inc. hidden hidden hidden hidden hidden
Facebook Inc. hidden hidden hidden hidden hidden
Intuit Inc. hidden hidden hidden hidden hidden
Microsoft Corp. hidden hidden hidden hidden hidden
Oracle Corp. hidden hidden hidden hidden hidden
salesforce.com inc. hidden hidden hidden hidden hidden
Fixed Charge Coverage, Sector
Software & Computer Services hidden hidden hidden hidden hidden
Fixed Charge Coverage, Industry
Technology hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-28), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-24).

2018 Calculations

1 Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= hidden ÷ hidden = hidden

Ratio Description The company
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. International Business Machines Corp.’s fixed charge coverage ratio deteriorated from 2016 to 2017 and from 2017 to 2018.