Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

ServiceNow Inc. (NYSE:NOW)

Analysis of Solvency Ratios

Beginner level

Solvency Ratios (Summary)

ServiceNow Inc., solvency ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Debt Ratios
Debt to equity 0.58 0.33 0.60 2.01 1.31
Debt to equity (including operating lease liability) 0.75 0.53 0.60 2.01 1.31
Debt to capital 0.37 0.25 0.37 0.67 0.57
Debt to capital (including operating lease liability) 0.43 0.35 0.37 0.67 0.57
Debt to assets 0.19 0.12 0.17 0.35 0.25
Debt to assets (including operating lease liability) 0.24 0.19 0.17 0.35 0.25
Financial leverage 3.07 2.83 3.49 5.82 5.26
Coverage Ratios
Interest coverage 5.56 3.02 0.26 -1.79 -12.52
Fixed charge coverage 2.29 1.69 0.61 -0.55 -5.67

Based on: 10-K (filing date: 2021-02-12), 10-K (filing date: 2020-02-20), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-28).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. ServiceNow Inc.’s debt to equity ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020 not reaching 2018 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. ServiceNow Inc.’s debt to equity ratio (including operating lease liability) improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. ServiceNow Inc.’s debt to capital ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020 not reaching 2018 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. ServiceNow Inc.’s debt to capital ratio (including operating lease liability) improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. ServiceNow Inc.’s debt to assets ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. ServiceNow Inc.’s debt to assets ratio (including operating lease liability) deteriorated from 2018 to 2019 and from 2019 to 2020.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. ServiceNow Inc.’s financial leverage ratio decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. ServiceNow Inc.’s interest coverage ratio improved from 2018 to 2019 and from 2019 to 2020.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. ServiceNow Inc.’s fixed charge coverage ratio improved from 2018 to 2019 and from 2019 to 2020.

Debt to Equity

ServiceNow Inc., debt to equity calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in thousands)
Current portion of long-term debt —  —  —  543,418  — 
Long-term debt, less current portion 1,640,153  694,981  661,707  630,018  507,812 
Total debt 1,640,153  694,981  661,707  1,173,436  507,812 
 
Stockholders’ equity 2,834,481  2,127,941  1,111,199  584,132  386,961 
Solvency Ratio
Debt to equity1 0.58 0.33 0.60 2.01 1.31
Benchmarks
Debt to Equity, Competitors2
Adobe Inc. 0.31 0.39 0.44 0.22 0.26
Alphabet Inc. 0.07 0.02 0.02 0.03 0.03
Autodesk Inc. 2.03 0.92
Facebook Inc. 0.00 0.00 0.00 0.00 0.00
International Business Machines Corp. 2.99 3.02 2.73 2.66 2.31
Intuit Inc. 0.66 0.12 0.19 0.36 0.86
Microsoft Corp. 0.54 0.71 0.92 1.19 0.75
Oracle Corp. 5.93 2.58 1.33 1.08 0.93
salesforce.com inc. 0.08 0.20 0.18 0.27 0.26
Debt to Equity, Sector
Software & Computer Services 0.40 0.43 0.46 0.52 0.43
Debt to Equity, Industry
Technology 0.55 0.56 0.56 0.59 0.48

Based on: 10-K (filing date: 2021-02-12), 10-K (filing date: 2020-02-20), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-28).

1 2020 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 1,640,153 ÷ 2,834,481 = 0.58

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. ServiceNow Inc.’s debt to equity ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020 not reaching 2018 level.

Debt to Equity (including Operating Lease Liability)

ServiceNow Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in thousands)
Current portion of long-term debt —  —  —  543,418  — 
Long-term debt, less current portion 1,640,153  694,981  661,707  630,018  507,812 
Total debt 1,640,153  694,981  661,707  1,173,436  507,812 
Current portion of operating lease liabilities 72,236  52,668  —  —  — 
Operating lease liabilities, less current portion 422,779  383,221  —  —  — 
Total debt (including operating lease liability) 2,135,168  1,130,870  661,707  1,173,436  507,812 
 
Stockholders’ equity 2,834,481  2,127,941  1,111,199  584,132  386,961 
Solvency Ratio
Debt to equity (including operating lease liability)1 0.75 0.53 0.60 2.01 1.31
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Adobe Inc. 0.35 0.39 0.44 0.22 0.26
Alphabet Inc. 0.13 0.08 0.02 0.03 0.03
Autodesk Inc. 2.03 0.92
Facebook Inc. 0.08 0.10 0.00 0.00 0.00
International Business Machines Corp. 3.23 3.27 2.73 2.66 2.31
Intuit Inc. 0.71 0.12 0.19 0.36 0.86
Microsoft Corp. 0.61 0.78 1.01 1.19 0.75
Oracle Corp. 6.10 2.58 1.33 1.08 0.93
salesforce.com inc. 0.17 0.20 0.18 0.27 0.26
Debt to Equity (including Operating Lease Liability), Sector
Software & Computer Services 0.49 0.50 0.47 0.52 0.43
Debt to Equity (including Operating Lease Liability), Industry
Technology 0.62 0.61 0.57 0.59 0.48

Based on: 10-K (filing date: 2021-02-12), 10-K (filing date: 2020-02-20), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-28).

1 2020 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 2,135,168 ÷ 2,834,481 = 0.75

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. ServiceNow Inc.’s debt to equity ratio (including operating lease liability) improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.

Debt to Capital

ServiceNow Inc., debt to capital calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in thousands)
Current portion of long-term debt —  —  —  543,418  — 
Long-term debt, less current portion 1,640,153  694,981  661,707  630,018  507,812 
Total debt 1,640,153  694,981  661,707  1,173,436  507,812 
Stockholders’ equity 2,834,481  2,127,941  1,111,199  584,132  386,961 
Total capital 4,474,634  2,822,922  1,772,906  1,757,568  894,773 
Solvency Ratio
Debt to capital1 0.37 0.25 0.37 0.67 0.57
Benchmarks
Debt to Capital, Competitors2
Adobe Inc. 0.24 0.28 0.31 0.18 0.20
Alphabet Inc. 0.06 0.02 0.02 0.03 0.03
Autodesk Inc. 1.07 1.11 1.19 0.67 0.48
Facebook Inc. 0.00 0.00 0.00 0.00 0.00
International Business Machines Corp. 0.75 0.75 0.73 0.73 0.70
Intuit Inc. 0.40 0.10 0.16 0.26 0.46
Microsoft Corp. 0.35 0.41 0.48 0.54 0.43
Oracle Corp. 0.86 0.72 0.57 0.52 0.48
salesforce.com inc. 0.07 0.17 0.15 0.21 0.21
Debt to Capital, Sector
Software & Computer Services 0.29 0.30 0.31 0.34 0.30
Debt to Capital, Industry
Technology 0.36 0.36 0.36 0.37 0.33

Based on: 10-K (filing date: 2021-02-12), 10-K (filing date: 2020-02-20), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-28).

1 2020 Calculation
Debt to capital = Total debt ÷ Total capital
= 1,640,153 ÷ 4,474,634 = 0.37

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. ServiceNow Inc.’s debt to capital ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020 not reaching 2018 level.

Debt to Capital (including Operating Lease Liability)

ServiceNow Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in thousands)
Current portion of long-term debt —  —  —  543,418  — 
Long-term debt, less current portion 1,640,153  694,981  661,707  630,018  507,812 
Total debt 1,640,153  694,981  661,707  1,173,436  507,812 
Current portion of operating lease liabilities 72,236  52,668  —  —  — 
Operating lease liabilities, less current portion 422,779  383,221  —  —  — 
Total debt (including operating lease liability) 2,135,168  1,130,870  661,707  1,173,436  507,812 
Stockholders’ equity 2,834,481  2,127,941  1,111,199  584,132  386,961 
Total capital (including operating lease liability) 4,969,649  3,258,811  1,772,906  1,757,568  894,773 
Solvency Ratio
Debt to capital (including operating lease liability)1 0.43 0.35 0.37 0.67 0.57
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Adobe Inc. 0.26 0.28 0.31 0.18 0.20
Alphabet Inc. 0.11 0.07 0.02 0.03 0.03
Autodesk Inc. 1.06 1.11 1.19 0.67 0.48
Facebook Inc. 0.08 0.09 0.00 0.00 0.00
International Business Machines Corp. 0.76 0.77 0.73 0.73 0.70
Intuit Inc. 0.42 0.10 0.16 0.26 0.46
Microsoft Corp. 0.38 0.44 0.50 0.54 0.43
Oracle Corp. 0.86 0.72 0.57 0.52 0.48
salesforce.com inc. 0.15 0.17 0.15 0.21 0.21
Debt to Capital (including Operating Lease Liability), Sector
Software & Computer Services 0.33 0.34 0.32 0.34 0.30
Debt to Capital (including Operating Lease Liability), Industry
Technology 0.38 0.38 0.36 0.37 0.33

Based on: 10-K (filing date: 2021-02-12), 10-K (filing date: 2020-02-20), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-28).

1 2020 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 2,135,168 ÷ 4,969,649 = 0.43

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. ServiceNow Inc.’s debt to capital ratio (including operating lease liability) improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.

Debt to Assets

ServiceNow Inc., debt to assets calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in thousands)
Current portion of long-term debt —  —  —  543,418  — 
Long-term debt, less current portion 1,640,153  694,981  661,707  630,018  507,812 
Total debt 1,640,153  694,981  661,707  1,173,436  507,812 
 
Total assets 8,715,057  6,022,430  3,879,140  3,397,904  2,033,767 
Solvency Ratio
Debt to assets1 0.19 0.12 0.17 0.35 0.25
Benchmarks
Debt to Assets, Competitors2
Adobe Inc. 0.17 0.20 0.22 0.13 0.15
Alphabet Inc. 0.05 0.02 0.02 0.02 0.02
Autodesk Inc. 0.34 0.44 0.39 0.31 0.27
Facebook Inc. 0.00 0.00 0.00 0.00 0.00
International Business Machines Corp. 0.39 0.41 0.37 0.37 0.36
Intuit Inc. 0.31 0.07 0.08 0.12 0.24
Microsoft Corp. 0.21 0.25 0.29 0.36 0.28
Oracle Corp. 0.62 0.52 0.44 0.43 0.39
salesforce.com inc. 0.05 0.10 0.08 0.11 0.10
Debt to Assets, Sector
Software & Computer Services 0.19 0.20 0.22 0.24 0.22
Debt to Assets, Industry
Technology 0.24 0.24 0.25 0.27 0.24

Based on: 10-K (filing date: 2021-02-12), 10-K (filing date: 2020-02-20), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-28).

1 2020 Calculation
Debt to assets = Total debt ÷ Total assets
= 1,640,153 ÷ 8,715,057 = 0.19

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. ServiceNow Inc.’s debt to assets ratio improved from 2018 to 2019 but then deteriorated significantly from 2019 to 2020.

Debt to Assets (including Operating Lease Liability)

ServiceNow Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in thousands)
Current portion of long-term debt —  —  —  543,418  — 
Long-term debt, less current portion 1,640,153  694,981  661,707  630,018  507,812 
Total debt 1,640,153  694,981  661,707  1,173,436  507,812 
Current portion of operating lease liabilities 72,236  52,668  —  —  — 
Operating lease liabilities, less current portion 422,779  383,221  —  —  — 
Total debt (including operating lease liability) 2,135,168  1,130,870  661,707  1,173,436  507,812 
 
Total assets 8,715,057  6,022,430  3,879,140  3,397,904  2,033,767 
Solvency Ratio
Debt to assets (including operating lease liability)1 0.24 0.19 0.17 0.35 0.25
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Adobe Inc. 0.19 0.20 0.22 0.13 0.15
Alphabet Inc. 0.09 0.06 0.02 0.02 0.02
Autodesk Inc. 0.41 0.44 0.39 0.31 0.27
Facebook Inc. 0.07 0.08 0.00 0.00 0.00
International Business Machines Corp. 0.43 0.45 0.37 0.37 0.36
Intuit Inc. 0.33 0.07 0.08 0.12 0.24
Microsoft Corp. 0.24 0.28 0.32 0.36 0.28
Oracle Corp. 0.64 0.52 0.44 0.43 0.39
salesforce.com inc. 0.11 0.10 0.08 0.11 0.10
Debt to Assets (including Operating Lease Liability), Sector
Software & Computer Services 0.23 0.24 0.22 0.24 0.22
Debt to Assets (including Operating Lease Liability), Industry
Technology 0.27 0.26 0.25 0.27 0.24

Based on: 10-K (filing date: 2021-02-12), 10-K (filing date: 2020-02-20), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-28).

1 2020 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 2,135,168 ÷ 8,715,057 = 0.24

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. ServiceNow Inc.’s debt to assets ratio (including operating lease liability) deteriorated from 2018 to 2019 and from 2019 to 2020.

Financial Leverage

ServiceNow Inc., financial leverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in thousands)
Total assets 8,715,057  6,022,430  3,879,140  3,397,904  2,033,767 
Stockholders’ equity 2,834,481  2,127,941  1,111,199  584,132  386,961 
Solvency Ratio
Financial leverage1 3.07 2.83 3.49 5.82 5.26
Benchmarks
Financial Leverage, Competitors2
Adobe Inc. 1.83 1.97 2.00 1.72 1.71
Alphabet Inc. 1.44 1.37 1.31 1.29 1.20
Autodesk Inc. 6.54 3.41
Facebook Inc. 1.24 1.32 1.16 1.14 1.10
International Business Machines Corp. 7.57 7.30 7.35 7.12 6.44
Intuit Inc. 2.14 1.68 2.20 3.00 3.66
Microsoft Corp. 2.55 2.80 3.13 3.33 2.69
Oracle Corp. 9.56 4.99 3.00 2.51 2.37
salesforce.com inc. 1.63 1.97 2.24 2.34 2.55
Financial Leverage, Sector
Software & Computer Services 2.08 2.14 2.10 2.13 1.97
Financial Leverage, Industry
Technology 2.31 2.32 2.27 2.20 2.04

Based on: 10-K (filing date: 2021-02-12), 10-K (filing date: 2020-02-20), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-28).

1 2020 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 8,715,057 ÷ 2,834,481 = 3.07

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. ServiceNow Inc.’s financial leverage ratio decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.

Interest Coverage

ServiceNow Inc., interest coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in thousands)
Net income (loss) 118,503  626,698  (26,704) (149,130) (451,804)
Add: Income tax expense 30,682  (559,513) (12,320) 126  1,753 
Add: Interest expense 32,746  33,283  52,733  53,394  33,278 
Earnings before interest and tax (EBIT) 181,931  100,468  13,709  (95,610) (416,773)
Solvency Ratio
Interest coverage1 5.56 3.02 0.26 -1.79 -12.52
Benchmarks
Interest Coverage, Competitors2
Adobe Inc. 37.00 21.38 32.31 29.73 21.37
Alphabet Inc. 357.16 397.25 307.25 250.48 195.76
Autodesk Inc. 6.46 0.18 -15.15 -16.64 0.40
Facebook Inc.
International Business Machines Corp. 4.62 8.58 16.71 19.56 20.60
Intuit Inc. 158.00 126.40 76.15 45.10 35.37
Microsoft Corp. 21.47 17.27 14.35 11.42 16.89
Oracle Corp. 7.13 6.97 7.43 7.47 8.88
salesforce.com inc. 6.39 7.38 3.32 1.29 1.89
Interest Coverage, Sector
Software & Computer Services 25.97 21.66 22.27 20.29 23.26
Interest Coverage, Industry
Technology 22.15 19.78 21.77 20.42 22.56

Based on: 10-K (filing date: 2021-02-12), 10-K (filing date: 2020-02-20), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-28).

1 2020 Calculation
Interest coverage = EBIT ÷ Interest expense
= 181,931 ÷ 32,746 = 5.56

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. ServiceNow Inc.’s interest coverage ratio improved from 2018 to 2019 and from 2019 to 2020.

Fixed Charge Coverage

ServiceNow Inc., fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in thousands)
Net income (loss) 118,503  626,698  (26,704) (149,130) (451,804)
Add: Income tax expense 30,682  (559,513) (12,320) 126  1,753 
Add: Interest expense 32,746  33,283  52,733  53,394  33,278 
Earnings before interest and tax (EBIT) 181,931  100,468  13,709  (95,610) (416,773)
Add: Operating lease costs 83,000  64,200  46,800  42,800  34,200 
Earnings before fixed charges and tax 264,931  164,668  60,509  (52,810) (382,573)
 
Interest expense 32,746  33,283  52,733  53,394  33,278 
Operating lease costs 83,000  64,200  46,800  42,800  34,200 
Fixed charges 115,746  97,483  99,533  96,194  67,478 
Solvency Ratio
Fixed charge coverage1 2.29 1.69 0.61 -0.55 -5.67
Benchmarks
Fixed Charge Coverage, Competitors2
Adobe Inc. 18.77 10.78 13.34 12.26 9.79
Alphabet Inc. 16.92 17.10 25.69 23.49 24.65
Autodesk Inc. 3.09 0.62 -5.16 -4.51 0.78
Facebook Inc. 24.85 22.78 41.32 57.73 47.54
International Business Machines Corp. 2.62 4.41 5.26 5.69 6.77
Intuit Inc. 27.48 34.00 26.91 22.03 17.94
Microsoft Corp. 12.44 10.94 9.45 7.57 9.81
Oracle Corp. 5.68 5.50 6.38 6.39 7.44
salesforce.com inc. 1.68 2.89 1.54 1.08 1.26
Fixed Charge Coverage, Sector
Software & Computer Services 10.83 10.21 11.17 10.27 11.18
Fixed Charge Coverage, Industry
Technology 11.79 11.69 13.29 12.39 13.11

Based on: 10-K (filing date: 2021-02-12), 10-K (filing date: 2020-02-20), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-28).

1 2020 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 264,931 ÷ 115,746 = 2.29

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. ServiceNow Inc.’s fixed charge coverage ratio improved from 2018 to 2019 and from 2019 to 2020.