Stock Analysis on Net
Stock Analysis on Net

ServiceNow Inc. (NYSE:NOW)

Analysis of Solvency Ratios
Quarterly Data

Microsoft Excel LibreOffice Calc

Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.

Solvency Ratios (Summary)

ServiceNow Inc., solvency ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Debt Ratios
Debt to equity 0.45 0.48 0.53 0.58 0.64 0.28 0.31 0.33 0.48 0.54 0.56 0.60 0.80 0.96 1.33 2.01 2.10 2.36 1.21 1.31 1.38 1.51 1.60
Debt to equity (including operating lease liability) 0.63 0.64 0.69 0.75 0.82 0.48 0.53 0.53 0.79 0.88 0.91 0.60 0.80 0.96 1.33 2.01 2.10 2.36 1.21 1.31 1.38 1.51 1.60
Debt to capital 0.31 0.33 0.35 0.37 0.39 0.22 0.24 0.25 0.32 0.35 0.36 0.37 0.44 0.49 0.57 0.67 0.68 0.70 0.55 0.57 0.58 0.60 0.61
Debt to capital (including operating lease liability) 0.39 0.39 0.41 0.43 0.45 0.33 0.35 0.35 0.44 0.47 0.48 0.37 0.44 0.49 0.57 0.67 0.68 0.70 0.55 0.57 0.58 0.60 0.61
Debt to assets 0.17 0.17 0.18 0.19 0.22 0.11 0.11 0.12 0.14 0.15 0.15 0.17 0.23 0.25 0.31 0.35 0.38 0.39 0.24 0.25 0.28 0.29 0.26
Debt to assets (including operating lease liability) 0.23 0.23 0.24 0.24 0.29 0.18 0.19 0.19 0.24 0.24 0.25 0.17 0.23 0.25 0.31 0.35 0.38 0.39 0.24 0.25 0.28 0.29 0.26
Financial leverage 2.68 2.81 2.90 3.07 2.88 2.63 2.73 2.83 3.33 3.65 3.68 3.49 3.51 3.89 4.28 5.82 5.57 6.06 5.08 5.26 5.00 5.29 6.20
Coverage Ratios
Interest coverage 9.02 7.33 7.41 5.56 6.07 7.06 4.77 3.02 2.04 0.49 0.02 0.26 -0.09 -0.45 -0.83 -1.79 -2.44 -3.48 -3.78 -12.52 — — —

Based on: 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. ServiceNow Inc. debt to equity ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.
Debt to equity (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. ServiceNow Inc. debt to equity ratio (including operating lease liability) improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. ServiceNow Inc. debt to capital ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.
Debt to capital (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. ServiceNow Inc. debt to capital ratio (including operating lease liability) improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. ServiceNow Inc. debt to assets ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.
Debt to assets (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. ServiceNow Inc. debt to assets ratio (including operating lease liability) improved from Q1 2021 to Q2 2021 but then slightly deteriorated from Q2 2021 to Q3 2021 not reaching Q1 2021 level.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. ServiceNow Inc. financial leverage ratio decreased from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.
Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. ServiceNow Inc. interest coverage ratio deteriorated from Q1 2021 to Q2 2021 but then improved from Q2 2021 to Q3 2021 exceeding Q1 2021 level.

Debt to Equity

ServiceNow Inc., debt to equity calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Current debt, net 93  99  —  —  —  —  —  —  —  —  —  —  161  211  517  543  —  —  —  —  —  —  — 
Long-term debt, net, less current portion 1,484  1,483  1,611  1,640  1,706  696  701  695  687  678  670  662  654  646  638  630  1,157  1,140  516  508  499  491  483 
Total debt 1,577  1,582  1,611  1,640  1,706  696  701  695  687  678  670  662  815  857  1,155  1,173  1,157  1,140  516  508  499  491  483 
 
Stockholders’ equity 3,534  3,275  3,037  2,834  2,674  2,479  2,266  2,128  1,429  1,261  1,195  1,111  1,020  892  865  584  551  482  427  387  363  324  302 
Solvency Ratio
Debt to equity1 0.45 0.48 0.53 0.58 0.64 0.28 0.31 0.33 0.48 0.54 0.56 0.60 0.80 0.96 1.33 2.01 2.10 2.36 1.21 1.31 1.38 1.51 1.60
Benchmarks
Debt to Equity, Competitors2
Accenture PLC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adobe Inc. 0.29 0.30 0.30 0.31 0.35 0.38 0.39 0.39 0.40 0.42 0.42 0.44 0.21 0.22 0.22 0.22 0.23 0.24 0.25 0.26 0.26 0.26 0.27
Autodesk Inc. 23.62 24.31 — — — — — — — — — — 14.78 5.02 2.94 2.03 1.40 1.12 1.04 0.92 0.86 0.78 0.34
Automatic Data Processing Inc. 0.35 0.34 0.34 0.35 0.37 0.37 1.11 0.42 0.38 0.67 0.52 0.58 0.50 0.51 0.54 0.50 0.49 0.52 0.47 0.45 0.45 0.47 0.43
Fidelity National Information Services Inc. 0.42 0.40 0.40 0.41 0.41 0.41 0.41 0.41 0.41 1.83 0.93 0.88 0.90 0.85 0.86 0.81 0.91 0.98 0.96 1.08 1.12 1.17 1.20
Fiserv Inc. 0.66 0.66 0.67 0.64 0.67 0.69 0.69 0.66 0.69 5.40 2.45 2.60 1.98 1.69 1.55 1.79 2.17 1.98 1.91 1.80 1.80 1.72 1.66
International Business Machines Corp. 2.45 2.51 2.64 2.99 3.08 3.15 3.22 3.02 3.69 4.14 3.03 2.73 2.37 2.46 2.55 2.66 2.32 2.48 2.33 2.31 2.50 2.83 3.05
Intuit Inc. 0.20 0.27 0.45 0.66 0.08 0.11 0.12 0.12 0.11 0.15 0.15 0.19 0.19 0.95 0.73 0.36 0.29 1.46 1.18 0.86 0.80 1.94 0.81
Mastercard Inc. 2.07 2.16 2.19 1.98 2.17 1.93 2.31 1.45 1.56 1.56 1.22 1.17 1.10 1.11 1.13 0.99 0.84 0.91 0.93 0.92 0.53 0.57 0.61
Microsoft Corp. 0.43 0.46 0.52 0.54 0.58 0.63 0.66 0.71 0.77 0.79 0.89 0.92 0.97 1.14 0.95 1.19 1.20 1.23 1.06 0.75 0.62 0.58 0.50
Oracle Corp. 7.79 8.94 7.46 5.93 3.63 3.32 2.95 2.58 2.37 1.90 1.53 1.33 1.27 1.09 0.95 1.08 1.07 1.12 1.14 0.93 0.87 0.91 0.89
PayPal Holdings Inc. 0.36 0.43 0.46 0.45 0.48 0.51 0.50 0.29 0.30 0.15 0.13 0.13 0.13 0.13 0.20 0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00
salesforce.com inc. 0.07 0.07 0.08 0.08 0.08 0.17 0.19 0.20 0.25 0.27 0.29 0.18 0.21 0.22 0.23 0.27 0.27 0.29 0.23 0.26 0.27 0.28 0.30
Visa Inc. 0.56 0.56 0.56 0.66 0.59 0.52 0.47 0.48 0.48 0.49 0.49 0.49 0.50 0.49 0.50 0.56 0.50 0.52 0.52 0.48 0.48 0.54 0.54

Based on: 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).

1 Q3 2021 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 1,577 ÷ 3,534 = 0.45

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. debt to equity ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.

Debt to Equity (including Operating Lease Liability)

ServiceNow Inc., debt to equity (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Current debt, net 93  99  —  —  —  —  —  —  —  —  —  —  161  211  517  543  —  —  —  —  —  —  — 
Long-term debt, net, less current portion 1,484  1,483  1,611  1,640  1,706  696  701  695  687  678  670  662  654  646  638  630  1,157  1,140  516  508  499  491  483 
Total debt 1,577  1,582  1,611  1,640  1,706  696  701  695  687  678  670  662  815  857  1,155  1,173  1,157  1,140  516  508  499  491  483 
Current portion of operating lease liabilities 82  80  77  72  68  66  61  53  49  46  42  —  —  —  —  —  —  —  —  —  —  —  — 
Operating lease liabilities, less current portion 568  427  420  423  430  436  441  383  388  383  381  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 2,227  2,089  2,108  2,135  2,203  1,198  1,203  1,131  1,124  1,107  1,093  662  815  857  1,155  1,173  1,157  1,140  516  508  499  491  483 
 
Stockholders’ equity 3,534  3,275  3,037  2,834  2,674  2,479  2,266  2,128  1,429  1,261  1,195  1,111  1,020  892  865  584  551  482  427  387  363  324  302 
Solvency Ratio
Debt to equity (including operating lease liability)1 0.63 0.64 0.69 0.75 0.82 0.48 0.53 0.53 0.79 0.88 0.91 0.60 0.80 0.96 1.33 2.01 2.10 2.36 1.21 1.31 1.38 1.51 1.60
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Accenture PLC 0.18 0.19 0.19 0.21 0.22 0.22 0.22 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adobe Inc. 0.33 0.34 0.35 0.35 0.40 0.43 0.45 0.39 0.40 0.42 0.42 0.44 0.21 0.22 0.22 0.22 0.23 0.24 0.25 0.26 0.26 0.26 0.27
Autodesk Inc. 30.29 30.95 — — — — — — — — — — 14.78 5.02 2.94 2.03 1.40 1.12 1.04 0.92 0.86 0.78 0.34
Automatic Data Processing Inc. 0.42 0.40 0.40 0.41 0.43 0.44 1.18 0.42 0.38 0.67 0.52 0.58 0.50 0.51 0.54 0.50 0.49 0.52 0.47 0.45 0.45 0.47 0.43
International Business Machines Corp. 2.65 2.72 2.86 3.23 3.32 3.39 3.47 3.27 3.98 4.44 3.33 2.73 2.37 2.46 2.55 2.66 2.32 2.48 2.33 2.31 2.50 2.83 3.05
Intuit Inc. 0.24 0.31 0.49 0.70 0.13 0.19 0.20 0.12 0.11 0.15 0.15 0.19 0.19 0.95 0.73 0.36 0.29 1.46 1.18 0.86 0.80 1.94 0.81
Microsoft Corp. 0.50 0.53 0.58 0.60 0.65 0.70 0.72 0.77 0.83 0.86 0.95 0.99 1.05 1.21 1.02 1.19 1.20 1.23 1.06 0.75 0.62 0.58 0.50
salesforce.com inc. 0.14 0.15 0.17 0.17 0.18 0.35 0.38 0.20 0.25 0.27 0.29 0.18 0.21 0.22 0.23 0.27 0.27 0.29 0.23 0.26 0.27 0.28 0.30

Based on: 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).

1 Q3 2021 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 2,227 ÷ 3,534 = 0.63

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. ServiceNow Inc. debt to equity ratio (including operating lease liability) improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.

Debt to Capital

ServiceNow Inc., debt to capital calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Current debt, net 93  99  —  —  —  —  —  —  —  —  —  —  161  211  517  543  —  —  —  —  —  —  — 
Long-term debt, net, less current portion 1,484  1,483  1,611  1,640  1,706  696  701  695  687  678  670  662  654  646  638  630  1,157  1,140  516  508  499  491  483 
Total debt 1,577  1,582  1,611  1,640  1,706  696  701  695  687  678  670  662  815  857  1,155  1,173  1,157  1,140  516  508  499  491  483 
Stockholders’ equity 3,534  3,275  3,037  2,834  2,674  2,479  2,266  2,128  1,429  1,261  1,195  1,111  1,020  892  865  584  551  482  427  387  363  324  302 
Total capital 5,111  4,857  4,648  4,475  4,379  3,175  2,967  2,823  2,116  1,939  1,865  1,773  1,835  1,749  2,020  1,758  1,708  1,622  944  895  862  815  785 
Solvency Ratio
Debt to capital1 0.31 0.33 0.35 0.37 0.39 0.22 0.24 0.25 0.32 0.35 0.36 0.37 0.44 0.49 0.57 0.67 0.68 0.70 0.55 0.57 0.58 0.60 0.61
Benchmarks
Debt to Capital, Competitors2
Accenture PLC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adobe Inc. 0.22 0.23 0.23 0.24 0.26 0.27 0.28 0.28 0.29 0.29 0.29 0.31 0.17 0.18 0.18 0.18 0.19 0.19 0.20 0.20 0.21 0.21 0.21
Autodesk Inc. 0.96 0.96 1.09 1.07 1.11 1.12 1.14 1.11 1.27 1.18 1.09 1.19 0.94 0.83 0.75 0.67 0.58 0.53 0.51 0.48 0.46 0.44 0.25
Automatic Data Processing Inc. 0.26 0.25 0.26 0.26 0.27 0.27 0.53 0.30 0.28 0.40 0.34 0.37 0.33 0.34 0.35 0.33 0.33 0.34 0.32 0.31 0.31 0.32 0.30
Fidelity National Information Services Inc. 0.30 0.29 0.29 0.29 0.29 0.29 0.29 0.29 0.29 0.65 0.48 0.47 0.47 0.46 0.46 0.45 0.48 0.50 0.49 0.52 0.53 0.54 0.55
Fiserv Inc. 0.40 0.40 0.40 0.39 0.40 0.41 0.41 0.40 0.41 0.84 0.71 0.72 0.66 0.63 0.61 0.64 0.69 0.66 0.66 0.64 0.64 0.63 0.62
International Business Machines Corp. 0.71 0.72 0.73 0.75 0.76 0.76 0.76 0.75 0.79 0.81 0.75 0.73 0.70 0.71 0.72 0.73 0.70 0.71 0.70 0.70 0.71 0.74 0.75
Intuit Inc. 0.17 0.21 0.31 0.40 0.08 0.10 0.10 0.10 0.10 0.13 0.13 0.16 0.16 0.49 0.42 0.26 0.23 0.59 0.54 0.46 0.44 0.66 0.45
Mastercard Inc. 0.67 0.68 0.69 0.66 0.68 0.66 0.70 0.59 0.61 0.61 0.55 0.54 0.52 0.53 0.53 0.50 0.46 0.48 0.48 0.48 0.35 0.36 0.38
Microsoft Corp. 0.30 0.32 0.34 0.35 0.37 0.39 0.40 0.41 0.44 0.44 0.47 0.48 0.49 0.53 0.49 0.54 0.55 0.55 0.51 0.43 0.38 0.37 0.33
Oracle Corp. 0.89 0.90 0.88 0.86 0.78 0.77 0.75 0.72 0.70 0.65 0.60 0.57 0.56 0.52 0.49 0.52 0.52 0.53 0.53 0.48 0.47 0.48 0.47
PayPal Holdings Inc. 0.26 0.30 0.32 0.31 0.33 0.34 0.33 0.23 0.23 0.13 0.12 0.11 0.12 0.12 0.17 0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00
salesforce.com inc. 0.06 0.07 0.07 0.07 0.08 0.15 0.16 0.17 0.20 0.21 0.22 0.15 0.17 0.18 0.19 0.21 0.21 0.23 0.19 0.21 0.21 0.22 0.23
Visa Inc. 0.36 0.36 0.36 0.40 0.37 0.34 0.32 0.33 0.32 0.33 0.33 0.33 0.33 0.33 0.33 0.36 0.33 0.34 0.34 0.33 0.33 0.35 0.35

Based on: 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).

1 Q3 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= 1,577 ÷ 5,111 = 0.31

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. debt to capital ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.

Debt to Capital (including Operating Lease Liability)

ServiceNow Inc., debt to capital (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Current debt, net 93  99  —  —  —  —  —  —  —  —  —  —  161  211  517  543  —  —  —  —  —  —  — 
Long-term debt, net, less current portion 1,484  1,483  1,611  1,640  1,706  696  701  695  687  678  670  662  654  646  638  630  1,157  1,140  516  508  499  491  483 
Total debt 1,577  1,582  1,611  1,640  1,706  696  701  695  687  678  670  662  815  857  1,155  1,173  1,157  1,140  516  508  499  491  483 
Current portion of operating lease liabilities 82  80  77  72  68  66  61  53  49  46  42  —  —  —  —  —  —  —  —  —  —  —  — 
Operating lease liabilities, less current portion 568  427  420  423  430  436  441  383  388  383  381  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 2,227  2,089  2,108  2,135  2,203  1,198  1,203  1,131  1,124  1,107  1,093  662  815  857  1,155  1,173  1,157  1,140  516  508  499  491  483 
Stockholders’ equity 3,534  3,275  3,037  2,834  2,674  2,479  2,266  2,128  1,429  1,261  1,195  1,111  1,020  892  865  584  551  482  427  387  363  324  302 
Total capital (including operating lease liability) 5,761  5,364  5,145  4,970  4,877  3,677  3,469  3,259  2,554  2,368  2,288  1,773  1,835  1,749  2,020  1,758  1,708  1,622  944  895  862  815  785 
Solvency Ratio
Debt to capital (including operating lease liability)1 0.39 0.39 0.41 0.43 0.45 0.33 0.35 0.35 0.44 0.47 0.48 0.37 0.44 0.49 0.57 0.67 0.68 0.70 0.55 0.57 0.58 0.60 0.61
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Accenture PLC 0.15 0.16 0.16 0.17 0.18 0.18 0.18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adobe Inc. 0.25 0.25 0.26 0.26 0.29 0.30 0.31 0.28 0.29 0.29 0.29 0.31 0.17 0.18 0.18 0.18 0.19 0.19 0.20 0.20 0.21 0.21 0.21
Autodesk Inc. 0.97 0.97 1.07 1.06 1.09 1.10 1.12 1.11 1.27 1.18 1.09 1.19 0.94 0.83 0.75 0.67 0.58 0.53 0.51 0.48 0.46 0.44 0.25
Automatic Data Processing Inc. 0.29 0.28 0.29 0.29 0.30 0.31 0.54 0.30 0.28 0.40 0.34 0.37 0.33 0.34 0.35 0.33 0.33 0.34 0.32 0.31 0.31 0.32 0.30
International Business Machines Corp. 0.73 0.73 0.74 0.76 0.77 0.77 0.78 0.77 0.80 0.82 0.77 0.73 0.70 0.71 0.72 0.73 0.70 0.71 0.70 0.70 0.71 0.74 0.75
Intuit Inc. 0.19 0.24 0.33 0.41 0.11 0.16 0.17 0.10 0.10 0.13 0.13 0.16 0.16 0.49 0.42 0.26 0.23 0.59 0.54 0.46 0.44 0.66 0.45
Microsoft Corp. 0.33 0.35 0.37 0.38 0.39 0.41 0.42 0.43 0.45 0.46 0.49 0.50 0.51 0.55 0.50 0.54 0.55 0.55 0.51 0.43 0.38 0.37 0.33
salesforce.com inc. 0.13 0.13 0.14 0.15 0.15 0.26 0.27 0.17 0.20 0.21 0.22 0.15 0.17 0.18 0.19 0.21 0.21 0.23 0.19 0.21 0.21 0.22 0.23

Based on: 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).

1 Q3 2021 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 2,227 ÷ 5,761 = 0.39

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. ServiceNow Inc. debt to capital ratio (including operating lease liability) improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.

Debt to Assets

ServiceNow Inc., debt to assets calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Current debt, net 93  99  —  —  —  —  —  —  —  —  —  —  161  211  517  543  —  —  —  —  —  —  — 
Long-term debt, net, less current portion 1,484  1,483  1,611  1,640  1,706  696  701  695  687  678  670  662  654  646  638  630  1,157  1,140  516  508  499  491  483 
Total debt 1,577  1,582  1,611  1,640  1,706  696  701  695  687  678  670  662  815  857  1,155  1,173  1,157  1,140  516  508  499  491  483 
 
Total assets 9,478  9,187  8,822  8,715  7,705  6,521  6,197  6,022  4,757  4,603  4,399  3,879  3,581  3,473  3,704  3,398  3,070  2,924  2,170  2,034  1,813  1,714  1,874 
Solvency Ratio
Debt to assets1 0.17 0.17 0.18 0.19 0.22 0.11 0.11 0.12 0.14 0.15 0.15 0.17 0.23 0.25 0.31 0.35 0.38 0.39 0.24 0.25 0.28 0.29 0.26
Benchmarks
Debt to Assets, Competitors2
Accenture PLC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adobe Inc. 0.16 0.16 0.16 0.17 0.18 0.19 0.19 0.20 0.21 0.21 0.21 0.22 0.12 0.12 0.13 0.13 0.14 0.14 0.14 0.15 0.15 0.16 0.16
Autodesk Inc. 0.28 0.28 0.30 0.34 0.35 0.38 0.41 0.44 0.42 0.41 0.41 0.39 0.38 0.36 0.34 0.31 0.31 0.30 0.29 0.27 0.28 0.28 0.16
Automatic Data Processing Inc. 0.04 0.04 0.05 0.05 0.05 0.04 0.16 0.05 0.04 0.08 0.07 0.05 0.05 0.04 0.06 0.05 0.05 0.05 0.06 0.05 0.04 0.05 0.06
Fidelity National Information Services Inc. 0.24 0.24 0.24 0.24 0.24 0.24 0.25 0.24 0.24 0.56 0.38 0.38 0.38 0.37 0.37 0.36 0.37 0.39 0.38 0.40 0.41 0.42 0.43
Fiserv Inc. 0.28 0.28 0.28 0.28 0.29 0.28 0.30 0.28 0.29 0.70 0.50 0.53 0.49 0.47 0.45 0.48 0.50 0.49 0.48 0.47 0.48 0.48 0.47
International Business Machines Corp. 0.38 0.38 0.38 0.39 0.42 0.42 0.42 0.41 0.44 0.47 0.38 0.37 0.38 0.37 0.37 0.37 0.38 0.38 0.36 0.36 0.37 0.38 0.38
Intuit Inc. 0.13 0.16 0.24 0.31 0.05 0.06 0.07 0.07 0.06 0.08 0.09 0.08 0.08 0.23 0.22 0.12 0.10 0.26 0.28 0.24 0.20 0.29 0.22
Mastercard Inc. 0.39 0.40 0.40 0.38 0.40 0.39 0.41 0.29 0.30 0.32 0.27 0.25 0.27 0.26 0.28 0.25 0.26 0.27 0.28 0.28 0.19 0.20 0.21
Microsoft Corp. 0.19 0.20 0.21 0.21 0.23 0.25 0.25 0.25 0.28 0.28 0.30 0.29 0.31 0.35 0.34 0.36 0.37 0.38 0.35 0.28 0.26 0.25 0.22
Oracle Corp. 0.59 0.64 0.62 0.62 0.53 0.52 0.51 0.52 0.51 0.49 0.45 0.44 0.44 0.44 0.40 0.43 0.43 0.44 0.44 0.39 0.38 0.39 0.38
PayPal Holdings Inc. 0.11 0.12 0.12 0.13 0.14 0.14 0.15 0.10 0.10 0.05 0.04 0.05 0.05 0.05 0.07 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00
salesforce.com inc. 0.05 0.05 0.05 0.05 0.06 0.09 0.10 0.10 0.14 0.14 0.14 0.08 0.10 0.10 0.11 0.11 0.13 0.12 0.10 0.10 0.12 0.12 0.12
Visa Inc. 0.25 0.26 0.26 0.30 0.27 0.25 0.22 0.23 0.24 0.24 0.23 0.24 0.24 0.24 0.25 0.27 0.25 0.25 0.26 0.25 0.25 0.29 0.29

Based on: 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).

1 Q3 2021 Calculation
Debt to assets = Total debt ÷ Total assets
= 1,577 ÷ 9,478 = 0.17

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. debt to assets ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.

Debt to Assets (including Operating Lease Liability)

ServiceNow Inc., debt to assets (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Current debt, net 93  99  —  —  —  —  —  —  —  —  —  —  161  211  517  543  —  —  —  —  —  —  — 
Long-term debt, net, less current portion 1,484  1,483  1,611  1,640  1,706  696  701  695  687  678  670  662  654  646  638  630  1,157  1,140  516  508  499  491  483 
Total debt 1,577  1,582  1,611  1,640  1,706  696  701  695  687  678  670  662  815  857  1,155  1,173  1,157  1,140  516  508  499  491  483 
Current portion of operating lease liabilities 82  80  77  72  68  66  61  53  49  46  42  —  —  —  —  —  —  —  —  —  —  —  — 
Operating lease liabilities, less current portion 568  427  420  423  430  436  441  383  388  383  381  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 2,227  2,089  2,108  2,135  2,203  1,198  1,203  1,131  1,124  1,107  1,093  662  815  857  1,155  1,173  1,157  1,140  516  508  499  491  483 
 
Total assets 9,478  9,187  8,822  8,715  7,705  6,521  6,197  6,022  4,757  4,603  4,399  3,879  3,581  3,473  3,704  3,398  3,070  2,924  2,170  2,034  1,813  1,714  1,874 
Solvency Ratio
Debt to assets (including operating lease liability)1 0.23 0.23 0.24 0.24 0.29 0.18 0.19 0.19 0.24 0.24 0.25 0.17 0.23 0.25 0.31 0.35 0.38 0.39 0.24 0.25 0.28 0.29 0.26
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Accenture PLC 0.08 0.09 0.09 0.09 0.10 0.10 0.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adobe Inc. 0.18 0.18 0.19 0.19 0.21 0.22 0.22 0.20 0.21 0.21 0.21 0.22 0.12 0.12 0.13 0.13 0.14 0.14 0.14 0.15 0.15 0.16 0.16
Autodesk Inc. 0.35 0.36 0.38 0.41 0.41 0.44 0.48 0.44 0.42 0.41 0.41 0.39 0.38 0.36 0.34 0.31 0.31 0.30 0.29 0.27 0.28 0.28 0.16
Automatic Data Processing Inc. 0.04 0.05 0.05 0.06 0.05 0.05 0.17 0.05 0.04 0.08 0.07 0.05 0.05 0.04 0.06 0.05 0.05 0.05 0.06 0.05 0.04 0.05 0.06
International Business Machines Corp. 0.41 0.41 0.41 0.43 0.46 0.45 0.45 0.45 0.48 0.51 0.42 0.37 0.38 0.37 0.37 0.37 0.38 0.38 0.36 0.36 0.37 0.38 0.38
Intuit Inc. 0.15 0.19 0.27 0.33 0.08 0.10 0.12 0.07 0.06 0.08 0.09 0.08 0.08 0.23 0.22 0.12 0.10 0.26 0.28 0.24 0.20 0.29 0.22
Microsoft Corp. 0.22 0.23 0.24 0.24 0.26 0.27 0.27 0.27 0.30 0.30 0.32 0.32 0.34 0.37 0.37 0.36 0.37 0.38 0.35 0.28 0.26 0.25 0.22
salesforce.com inc. 0.10 0.10 0.11 0.11 0.12 0.18 0.19 0.10 0.14 0.14 0.14 0.08 0.10 0.10 0.11 0.11 0.13 0.12 0.10 0.10 0.12 0.12 0.12

Based on: 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).

1 Q3 2021 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 2,227 ÷ 9,478 = 0.23

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. ServiceNow Inc. debt to assets ratio (including operating lease liability) improved from Q1 2021 to Q2 2021 but then slightly deteriorated from Q2 2021 to Q3 2021 not reaching Q1 2021 level.

Financial Leverage

ServiceNow Inc., financial leverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Total assets 9,478  9,187  8,822  8,715  7,705  6,521  6,197  6,022  4,757  4,603  4,399  3,879  3,581  3,473  3,704  3,398  3,070  2,924  2,170  2,034  1,813  1,714  1,874 
Stockholders’ equity 3,534  3,275  3,037  2,834  2,674  2,479  2,266  2,128  1,429  1,261  1,195  1,111  1,020  892  865  584  551  482  427  387  363  324  302 
Solvency Ratio
Financial leverage1 2.68 2.81 2.90 3.07 2.88 2.63 2.73 2.83 3.33 3.65 3.68 3.49 3.51 3.89 4.28 5.82 5.57 6.06 5.08 5.26 5.00 5.29 6.20
Benchmarks
Financial Leverage, Competitors2
Accenture PLC 2.18 2.18 2.14 2.18 2.19 2.17 2.19 2.07 2.05 2.05 2.11 2.36 2.37 2.39 2.52 2.54 2.59 2.52 2.76 2.73 2.69 2.66 3.05
Adobe Inc. 1.81 1.85 1.84 1.83 1.91 1.99 2.03 1.97 1.96 1.98 1.98 2.00 1.74 1.74 1.73 1.72 1.70 1.71 1.72 1.71 1.70 1.69 1.68
Autodesk Inc. 85.78 85.40 — — — — — — — — — — 38.70 13.80 8.72 6.54 4.55 3.79 3.63 3.41 3.01 2.81 2.15
Automatic Data Processing Inc. 9.59 8.36 7.30 6.81 7.90 9.15 7.04 7.76 9.19 8.15 8.00 10.72 10.94 11.33 9.02 9.35 10.69 10.48 8.08 9.74 11.35 9.49 7.43
Fidelity National Information Services Inc. 1.73 1.70 1.70 1.70 1.70 1.69 1.68 1.70 1.70 3.29 2.43 2.33 2.35 2.29 2.33 2.26 2.43 2.52 2.54 2.67 2.71 2.78 2.81
Fiserv Inc. 2.40 2.38 2.35 2.31 2.28 2.44 2.28 2.35 2.38 7.71 4.88 4.91 4.04 3.59 3.42 3.77 4.34 4.05 4.00 3.83 3.75 3.61 3.56
International Business Machines Corp. 6.49 6.69 6.95 7.57 7.27 7.50 7.67 7.30 8.33 8.76 7.94 7.35 6.17 6.57 6.90 7.12 6.20 6.54 6.41 6.44 6.80 7.50 7.96
Intuit Inc. 1.58 1.65 1.85 2.14 1.64 1.80 1.70 1.68 1.70 1.91 1.77 2.20 2.45 4.23 3.38 3.00 2.93 5.57 4.20 3.66 3.96 6.78 3.65
Mastercard Inc. 5.28 5.42 5.50 5.25 5.45 4.97 5.68 4.96 5.25 4.94 4.55 4.61 4.04 4.27 4.02 3.90 3.25 3.39 3.31 3.30 2.79 2.79 2.90
Microsoft Corp. 2.30 2.34 2.44 2.55 2.49 2.57 2.63 2.80 2.78 2.81 3.00 3.13 3.10 3.27 2.78 3.33 3.23 3.26 3.02 2.69 2.43 2.35 2.23
Oracle Corp. 13.27 13.90 11.96 9.56 6.79 6.33 5.76 4.99 4.61 3.87 3.37 3.00 2.89 2.48 2.39 2.51 2.48 2.55 2.60 2.37 2.29 2.32 2.33
PayPal Holdings Inc. 3.37 3.53 3.73 3.52 3.55 3.58 3.40 3.04 3.05 3.00 3.05 2.82 2.89 2.77 2.89 2.55 2.45 2.35 2.29 2.25 2.21 2.22 2.17
salesforce.com inc. 1.47 1.50 1.55 1.63 1.50 1.94 2.02 1.97 1.81 1.91 2.08 2.24 1.98 2.06 2.15 2.34 2.11 2.35 2.30 2.55 2.30 2.38 2.45
Visa Inc. 2.19 2.13 2.13 2.23 2.19 2.11 2.12 2.09 2.01 2.04 2.10 2.04 2.05 2.02 2.01 2.08 2.00 2.05 2.00 1.95 1.95 1.86 1.87

Based on: 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).

1 Q3 2021 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 9,478 ÷ 3,534 = 2.68

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. financial leverage ratio decreased from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.

Interest Coverage

ServiceNow Inc., interest coverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Net income (loss) 63  59  82  17  13  41  48  599  41  (11) (2) 7  8  (53) 11  (28) (24) (56) (41) (33) (36) (50) (333)
Add: Income tax expense 5  (9) 17  (3) 13  21  —  (565) 20  (5) (10) (5) (1) 12  (18) 3  1  (1) (3) 2  3  (5) 2 
Add: Interest expense 7  7  7  8  8  8  9  8  8  8  8  9  11  15  17  17  17  11  9  9  8  8  8 
Earnings before interest and tax (EBIT) 75  57  106  21  33  71  57  43  69  (8) (3) 11  18  (25) 10  (8) (6) (47) (35) (22) (25) (46) (323)
Solvency Ratio
Interest coverage1 9.02 7.33 7.41 5.56 6.07 7.06 4.77 3.02 2.04 0.49 0.02 0.26 -0.09 -0.45 -0.83 -1.79 -2.44 -3.48 -3.78 -12.52 — — —
Benchmarks
Interest Coverage, Competitors2
Accenture PLC 126.89 196.99 191.96 205.84 248.30 245.62 270.18 273.26 299.07 287.79 307.38 298.26 293.50 288.40 278.79 297.95 328.85 355.21 375.09 345.67 — — —
Adobe Inc. 49.52 45.92 42.50 37.00 32.36 28.08 23.87 21.38 20.83 22.62 26.41 32.31 35.01 33.97 32.24 29.73 27.80 25.78 23.87 21.37 — — —
Automatic Data Processing Inc. 56.00 50.63 39.99 30.72 27.23 26.16 24.14 24.14 21.65 21.09 21.52 22.14 25.30 25.50 29.95 32.64 35.08 34.87 32.72 40.76 — — —
International Business Machines Corp. 5.34 5.64 5.50 4.60 6.54 5.90 6.64 8.56 9.95 13.80 16.74 16.69 17.42 18.08 18.23 19.54 20.60 21.26 21.58 20.57 — — —
Intuit Inc. 92.00 89.58 120.30 158.00 158.50 164.67 148.46 126.40 122.50 104.76 82.47 76.15 83.47 64.14 52.11 45.10 36.54 30.56 32.65 35.37 — — —
Mastercard Inc. 23.55 21.69 20.05 21.42 24.80 30.25 39.52 44.44 41.92 43.71 41.23 39.73 42.52 43.76 44.34 43.35 45.40 47.18 51.76 60.43 — — —
Oracle Corp. 6.27 6.48 6.76 7.05 7.31 7.14 6.96 6.89 6.96 6.99 7.16 7.37 7.39 7.35 7.34 7.41 7.84 8.25 8.62 8.80 — — —
Visa Inc. 28.80 25.56 26.07 27.72 30.42 33.24 31.52 28.92 27.13 24.15 22.89 21.92 21.27 21.96 21.72 21.77 21.19 16.92 16.52 19.76 — — —

Based on: 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).

1 Q3 2021 Calculation
Interest coverage = (EBITQ3 2021 + EBITQ2 2021 + EBITQ1 2021 + EBITQ4 2020) ÷ (Interest expenseQ3 2021 + Interest expenseQ2 2021 + Interest expenseQ1 2021 + Interest expenseQ4 2020)
= (75 + 57 + 106 + 21) ÷ (7 + 7 + 7 + 8) = 9.02

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. interest coverage ratio deteriorated from Q1 2021 to Q2 2021 but then improved from Q2 2021 to Q3 2021 exceeding Q1 2021 level.