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

salesforce.com inc. (NYSE:CRM)

Analysis of Solvency Ratios

Beginner level

Solvency Ratios (Summary)

salesforce.com inc., solvency ratios

Microsoft Excel LibreOffice Calc
Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016 Jan 31, 2015
Debt Ratios
Debt to equity 0.08 0.20 0.18 0.27 0.26 0.34
Debt to equity (including operating lease liability) 0.17 0.20 0.18 0.27 0.26 0.34
Debt to capital 0.07 0.17 0.15 0.21 0.21 0.26
Debt to capital (including operating lease liability) 0.15 0.17 0.15 0.21 0.21 0.26
Debt to assets 0.05 0.10 0.08 0.11 0.10 0.13
Debt to assets (including operating lease liability) 0.11 0.10 0.08 0.11 0.10 0.13
Financial leverage 1.63 1.97 2.24 2.34 2.55 2.69
Coverage Ratios
Interest coverage 6.39 7.38 3.32 1.29 1.89 -1.91
Fixed charge coverage 1.68 2.89 1.54 1.08 1.26 0.10

Based on: 10-K (filing date: 2020-03-05), 10-K (filing date: 2019-03-08), 10-K (filing date: 2018-03-09), 10-K (filing date: 2017-03-06), 10-K (filing date: 2016-03-07), 10-K (filing date: 2015-03-06).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. salesforce.com inc.’s debt to equity ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 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. salesforce.com inc.’s debt to equity ratio (including operating lease liability) deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. salesforce.com inc.’s debt to capital ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 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. salesforce.com inc.’s debt to capital ratio (including operating lease liability) deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. salesforce.com inc.’s debt to assets ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. salesforce.com 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. salesforce.com inc.’s financial leverage ratio decreased from 2018 to 2019 and from 2019 to 2020.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. salesforce.com inc.’s interest coverage ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. salesforce.com inc.’s fixed charge coverage ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020 not reaching 2018 level.

Debt to Equity

salesforce.com inc., debt to equity calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016 Jan 31, 2015
Selected Financial Data (US$ in millions)
Current portion of debt 1,025  —  —  — 
Noncurrent debt, excluding current portion 2,673  3,173  695  2,008  1,294  1,371 
Total debt 2,677  3,176  1,719  2,008  1,294  1,371 
 
Stockholders’ equity 33,885  15,605  9,388  7,500  5,003  3,975 
Solvency Ratio
Debt to equity1 0.08 0.20 0.18 0.27 0.26 0.34
Benchmarks
Debt to Equity, Competitors2
Adobe Inc. 0.39 0.44 0.22 0.26 0.27
Alphabet Inc. 0.02 0.02 0.03 0.03 0.04
Autodesk Inc. 2.03 0.92 0.34
Facebook Inc. 0.00 0.00 0.00 0.00 0.00
International Business Machines Corp. 3.02 2.73 2.66 2.31 2.80
Intuit Inc. 0.66 0.12 0.19 0.36 0.86 0.21
Microsoft Corp. 0.54 0.71 0.92 1.19 0.75 0.44
Oracle Corp. 5.93 2.58 1.33 1.08 0.93 0.86
ServiceNow Inc. 0.33 0.60 2.01 1.31 0.84
Debt to Equity, Sector
Software & Computer Services 0.43 0.46 0.52 0.43 0.39
Debt to Equity, Industry
Technology 0.56 0.56 0.59 0.48 0.43

Based on: 10-K (filing date: 2020-03-05), 10-K (filing date: 2019-03-08), 10-K (filing date: 2018-03-09), 10-K (filing date: 2017-03-06), 10-K (filing date: 2016-03-07), 10-K (filing date: 2015-03-06).

1 2020 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 2,677 ÷ 33,885 = 0.08

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. salesforce.com inc.’s debt to equity ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.

Debt to Equity (including Operating Lease Liability)

salesforce.com inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016 Jan 31, 2015
Selected Financial Data (US$ in millions)
Current portion of debt 1,025  —  —  — 
Noncurrent debt, excluding current portion 2,673  3,173  695  2,008  1,294  1,371 
Total debt 2,677  3,176  1,719  2,008  1,294  1,371 
Operating lease liabilities, current 750  —  —  —  —  — 
Noncurrent operating lease liabilities 2,445  —  —  —  —  — 
Total debt (including operating lease liability) 5,872  3,176  1,719  2,008  1,294  1,371 
 
Stockholders’ equity 33,885  15,605  9,388  7,500  5,003  3,975 
Solvency Ratio
Debt to equity (including operating lease liability)1 0.17 0.20 0.18 0.27 0.26 0.34
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Alphabet Inc. 0.08 0.02 0.03 0.03 0.04
Autodesk Inc. 2.03 0.92 0.34
Facebook Inc. 0.11 0.00 0.00 0.00 0.00
International Business Machines Corp. 3.27 2.73 2.66 2.31 2.80
Intuit Inc. 0.71 0.12 0.19 0.36 0.86 0.21
Microsoft Corp. 0.61 0.78 1.01 1.19 0.75 0.44
Oracle Corp. 6.10 2.58 1.33 1.08 0.93 0.86
ServiceNow Inc. 0.53 0.60 2.01 1.31 0.84
Debt to Equity (including Operating Lease Liability), Sector
Software & Computer Services 0.50 0.47 0.52 0.43 0.39
Debt to Equity (including Operating Lease Liability), Industry
Technology 0.61 0.57 0.59 0.48 0.43

Based on: 10-K (filing date: 2020-03-05), 10-K (filing date: 2019-03-08), 10-K (filing date: 2018-03-09), 10-K (filing date: 2017-03-06), 10-K (filing date: 2016-03-07), 10-K (filing date: 2015-03-06).

1 2020 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 5,872 ÷ 33,885 = 0.17

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. salesforce.com inc.’s debt to equity ratio (including operating lease liability) deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.

Debt to Capital

salesforce.com inc., debt to capital calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016 Jan 31, 2015
Selected Financial Data (US$ in millions)
Current portion of debt 1,025  —  —  — 
Noncurrent debt, excluding current portion 2,673  3,173  695  2,008  1,294  1,371 
Total debt 2,677  3,176  1,719  2,008  1,294  1,371 
Stockholders’ equity 33,885  15,605  9,388  7,500  5,003  3,975 
Total capital 36,562  18,781  11,108  9,509  6,297  5,346 
Solvency Ratio
Debt to capital1 0.07 0.17 0.15 0.21 0.21 0.26
Benchmarks
Debt to Capital, Competitors2
Adobe Inc. 0.28 0.31 0.18 0.20 0.21
Alphabet Inc. 0.02 0.02 0.03 0.03 0.04
Autodesk Inc. 1.07 1.11 1.19 0.67 0.48 0.25
Facebook Inc. 0.00 0.00 0.00 0.00 0.00
International Business Machines Corp. 0.75 0.73 0.73 0.70 0.74
Intuit Inc. 0.40 0.10 0.16 0.26 0.46 0.18
Microsoft Corp. 0.35 0.41 0.48 0.54 0.43 0.31
Oracle Corp. 0.86 0.72 0.57 0.52 0.48 0.46
ServiceNow Inc. 0.25 0.37 0.67 0.57 0.46
Debt to Capital, Sector
Software & Computer Services 0.30 0.31 0.34 0.30 0.28
Debt to Capital, Industry
Technology 0.36 0.36 0.37 0.33 0.30

Based on: 10-K (filing date: 2020-03-05), 10-K (filing date: 2019-03-08), 10-K (filing date: 2018-03-09), 10-K (filing date: 2017-03-06), 10-K (filing date: 2016-03-07), 10-K (filing date: 2015-03-06).

1 2020 Calculation
Debt to capital = Total debt ÷ Total capital
= 2,677 ÷ 36,562 = 0.07

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. salesforce.com inc.’s debt to capital ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.

Debt to Capital (including Operating Lease Liability)

salesforce.com inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016 Jan 31, 2015
Selected Financial Data (US$ in millions)
Current portion of debt 1,025  —  —  — 
Noncurrent debt, excluding current portion 2,673  3,173  695  2,008  1,294  1,371 
Total debt 2,677  3,176  1,719  2,008  1,294  1,371 
Operating lease liabilities, current 750  —  —  —  —  — 
Noncurrent operating lease liabilities 2,445  —  —  —  —  — 
Total debt (including operating lease liability) 5,872  3,176  1,719  2,008  1,294  1,371 
Stockholders’ equity 33,885  15,605  9,388  7,500  5,003  3,975 
Total capital (including operating lease liability) 39,757  18,781  11,108  9,509  6,297  5,346 
Solvency Ratio
Debt to capital (including operating lease liability)1 0.15 0.17 0.15 0.21 0.21 0.26
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Alphabet Inc. 0.07 0.02 0.03 0.03 0.04
Autodesk Inc. 1.06 1.11 1.19 0.67 0.48 0.25
Facebook Inc. 0.10 0.00 0.00 0.00 0.00
International Business Machines Corp. 0.77 0.73 0.73 0.70 0.74
Intuit Inc. 0.42 0.10 0.16 0.26 0.46 0.18
Microsoft Corp. 0.38 0.44 0.50 0.54 0.43 0.31
Oracle Corp. 0.86 0.72 0.57 0.52 0.48 0.46
ServiceNow Inc. 0.35 0.37 0.67 0.57 0.46
Debt to Capital (including Operating Lease Liability), Sector
Software & Computer Services 0.34 0.32 0.34 0.30 0.28
Debt to Capital (including Operating Lease Liability), Industry
Technology 0.38 0.36 0.37 0.33 0.30

Based on: 10-K (filing date: 2020-03-05), 10-K (filing date: 2019-03-08), 10-K (filing date: 2018-03-09), 10-K (filing date: 2017-03-06), 10-K (filing date: 2016-03-07), 10-K (filing date: 2015-03-06).

1 2020 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 5,872 ÷ 39,757 = 0.15

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. salesforce.com inc.’s debt to capital ratio (including operating lease liability) deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.

Debt to Assets

salesforce.com inc., debt to assets calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016 Jan 31, 2015
Selected Financial Data (US$ in millions)
Current portion of debt 1,025  —  —  — 
Noncurrent debt, excluding current portion 2,673  3,173  695  2,008  1,294  1,371 
Total debt 2,677  3,176  1,719  2,008  1,294  1,371 
 
Total assets 55,126  30,737  21,010  17,585  12,771  10,693 
Solvency Ratio
Debt to assets1 0.05 0.10 0.08 0.11 0.10 0.13
Benchmarks
Debt to Assets, Competitors2
Adobe Inc. 0.20 0.22 0.13 0.15 0.16
Alphabet Inc. 0.02 0.02 0.02 0.02 0.04
Autodesk Inc. 0.34 0.44 0.39 0.31 0.27 0.15
Facebook Inc. 0.00 0.00 0.00 0.00 0.00
International Business Machines Corp. 0.41 0.37 0.37 0.36 0.36
Intuit Inc. 0.31 0.07 0.08 0.12 0.24 0.10
Microsoft Corp. 0.21 0.25 0.29 0.36 0.28 0.20
Oracle Corp. 0.62 0.52 0.44 0.43 0.39 0.38
ServiceNow Inc. 0.12 0.17 0.35 0.25 0.26
Debt to Assets, Sector
Software & Computer Services 0.20 0.22 0.24 0.22 0.20
Debt to Assets, Industry
Technology 0.24 0.25 0.27 0.24 0.22

Based on: 10-K (filing date: 2020-03-05), 10-K (filing date: 2019-03-08), 10-K (filing date: 2018-03-09), 10-K (filing date: 2017-03-06), 10-K (filing date: 2016-03-07), 10-K (filing date: 2015-03-06).

1 2020 Calculation
Debt to assets = Total debt ÷ Total assets
= 2,677 ÷ 55,126 = 0.05

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. salesforce.com inc.’s debt to assets ratio deteriorated from 2018 to 2019 but then improved from 2019 to 2020 exceeding 2018 level.

Debt to Assets (including Operating Lease Liability)

salesforce.com inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016 Jan 31, 2015
Selected Financial Data (US$ in millions)
Current portion of debt 1,025  —  —  — 
Noncurrent debt, excluding current portion 2,673  3,173  695  2,008  1,294  1,371 
Total debt 2,677  3,176  1,719  2,008  1,294  1,371 
Operating lease liabilities, current 750  —  —  —  —  — 
Noncurrent operating lease liabilities 2,445  —  —  —  —  — 
Total debt (including operating lease liability) 5,872  3,176  1,719  2,008  1,294  1,371 
 
Total assets 55,126  30,737  21,010  17,585  12,771  10,693 
Solvency Ratio
Debt to assets (including operating lease liability)1 0.11 0.10 0.08 0.11 0.10 0.13
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Alphabet Inc. 0.06 0.02 0.02 0.02 0.04
Autodesk Inc. 0.41 0.44 0.39 0.31 0.27 0.15
Facebook Inc. 0.08 0.00 0.00 0.00 0.00
International Business Machines Corp. 0.45 0.37 0.37 0.36 0.36
Intuit Inc. 0.33 0.07 0.08 0.12 0.24 0.10
Microsoft Corp. 0.24 0.28 0.32 0.36 0.28 0.20
Oracle Corp. 0.64 0.52 0.44 0.43 0.39 0.38
ServiceNow Inc. 0.19 0.17 0.35 0.25 0.26
Debt to Assets (including Operating Lease Liability), Sector
Software & Computer Services 0.24 0.22 0.24 0.22 0.20
Debt to Assets (including Operating Lease Liability), Industry
Technology 0.26 0.25 0.27 0.24 0.22

Based on: 10-K (filing date: 2020-03-05), 10-K (filing date: 2019-03-08), 10-K (filing date: 2018-03-09), 10-K (filing date: 2017-03-06), 10-K (filing date: 2016-03-07), 10-K (filing date: 2015-03-06).

1 2020 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 5,872 ÷ 55,126 = 0.11

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. salesforce.com inc.’s debt to assets ratio (including operating lease liability) deteriorated from 2018 to 2019 and from 2019 to 2020.

Financial Leverage

salesforce.com inc., financial leverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016 Jan 31, 2015
Selected Financial Data (US$ in millions)
Total assets 55,126  30,737  21,010  17,585  12,771  10,693 
Stockholders’ equity 33,885  15,605  9,388  7,500  5,003  3,975 
Solvency Ratio
Financial leverage1 1.63 1.97 2.24 2.34 2.55 2.69
Benchmarks
Financial Leverage, Competitors2
Adobe Inc. 1.97 2.00 1.72 1.71 1.67
Alphabet Inc. 1.37 1.31 1.29 1.20 1.23
Autodesk Inc. 6.54 3.41 2.21
Facebook Inc. 1.32 1.16 1.14 1.10 1.12
International Business Machines Corp. 7.30 7.35 7.12 6.44 7.75
Intuit Inc. 2.14 1.68 2.20 3.00 3.66 2.13
Microsoft Corp. 2.55 2.80 3.13 3.33 2.69 2.20
Oracle Corp. 9.56 4.99 3.00 2.51 2.37 2.28
ServiceNow Inc. 2.83 3.49 5.82 5.26 3.19
Financial Leverage, Sector
Software & Computer Services 2.14 2.10 2.13 1.97 1.94
Financial Leverage, Industry
Technology 2.32 2.27 2.20 2.04 1.99

Based on: 10-K (filing date: 2020-03-05), 10-K (filing date: 2019-03-08), 10-K (filing date: 2018-03-09), 10-K (filing date: 2017-03-06), 10-K (filing date: 2016-03-07), 10-K (filing date: 2015-03-06).

1 2020 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 55,126 ÷ 33,885 = 1.63

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. salesforce.com inc.’s financial leverage ratio decreased from 2018 to 2019 and from 2019 to 2020.

Interest Coverage

salesforce.com inc., interest coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016 Jan 31, 2015
Selected Financial Data (US$ in millions)
Net income (loss) 126  1,110  127  180  (47) (263)
Add: Income tax expense 580  (127) 75  (154) 112  50 
Add: Interest expense 131  154  87  89  72  73 
Earnings before interest and tax (EBIT) 837  1,137  289  114  137  (140)
Solvency Ratio
Interest coverage1 6.39 7.38 3.32 1.29 1.89 -1.91
Benchmarks
Interest Coverage, Competitors2
Adobe Inc. 21.38 32.31 29.73 21.37 14.61
Alphabet Inc. 397.25 307.25 250.48 195.76 189.95
Autodesk Inc. 6.46 0.18 -15.15 -16.64 0.40 7.29
Facebook Inc. 1,241.60 2,818.89 3,433.33 1,252.80 270.30
International Business Machines Corp. 8.58 16.71 19.56 20.60 35.09
Intuit Inc. 158.00 126.40 76.15 45.10 35.37 27.37
Microsoft Corp. 21.47 17.27 14.35 11.42 16.89 24.70
Oracle Corp. 7.13 6.97 7.43 7.47 8.88 12.33
ServiceNow Inc. 3.02 0.26 -1.79 -12.52 -5.21
Interest Coverage, Sector
Software & Computer Services 21.60 22.24 20.26 23.20 28.32
Interest Coverage, Industry
Technology 19.75 21.76 20.41 22.53 35.53

Based on: 10-K (filing date: 2020-03-05), 10-K (filing date: 2019-03-08), 10-K (filing date: 2018-03-09), 10-K (filing date: 2017-03-06), 10-K (filing date: 2016-03-07), 10-K (filing date: 2015-03-06).

1 2020 Calculation
Interest coverage = EBIT ÷ Interest expense
= 837 ÷ 131 = 6.39

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. salesforce.com inc.’s interest coverage ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.

Fixed Charge Coverage

salesforce.com inc., fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016 Jan 31, 2015
Selected Financial Data (US$ in millions)
Net income (loss) 126  1,110  127  180  (47) (263)
Add: Income tax expense 580  (127) 75  (154) 112  50 
Add: Interest expense 131  154  87  89  72  73 
Earnings before interest and tax (EBIT) 837  1,137  289  114  137  (140)
Add: Operating lease cost 913  365  285  226  175  163 
Earnings before fixed charges and tax 1,750  1,502  574  340  311  23 
 
Interest expense 131  154  87  89  72  73 
Operating lease cost 913  365  285  226  175  163 
Fixed charges 1,044  519  372  315  247  236 
Solvency Ratio
Fixed charge coverage1 1.68 2.89 1.54 1.08 1.26 0.10
Benchmarks
Fixed Charge Coverage, Competitors2
Adobe Inc. 10.78 13.34 12.26 9.79 6.56
Alphabet Inc. 17.10 25.69 23.49 24.65 12.49
Autodesk Inc. 3.09 0.62 -5.16 -4.51 0.78 2.22
Facebook Inc. 22.41 40.75 56.81 45.87 31.36
International Business Machines Corp. 4.41 5.26 5.69 6.77 9.21
Intuit Inc. 27.48 34.00 26.91 22.03 17.94 9.28
Microsoft Corp. 12.44 10.94 9.45 7.57 9.81 11.46
Oracle Corp. 5.68 5.50 6.38 6.39 7.44 9.76
ServiceNow Inc. 1.69 0.61 -0.55 -5.67 -2.64
Fixed Charge Coverage, Sector
Software & Computer Services 10.20 11.16 10.26 11.17 10.86
Fixed Charge Coverage, Industry
Technology 11.68 13.28 12.39 13.10 16.53

Based on: 10-K (filing date: 2020-03-05), 10-K (filing date: 2019-03-08), 10-K (filing date: 2018-03-09), 10-K (filing date: 2017-03-06), 10-K (filing date: 2016-03-07), 10-K (filing date: 2015-03-06).

1 2020 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 1,750 ÷ 1,044 = 1.68

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. salesforce.com inc.’s fixed charge coverage ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020 not reaching 2018 level.