Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Alphabet Inc., solvency ratios
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Alphabet Inc. debt to equity ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Alphabet Inc. debt to equity ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Alphabet Inc. debt to capital ratio improved from 2021 to 2022 and from 2022 to 2023. |
| 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. | Alphabet Inc. debt to capital ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Alphabet Inc. debt to assets ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Alphabet Inc. debt to assets ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Alphabet Inc. financial leverage ratio decreased from 2021 to 2022 and from 2022 to 2023. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Alphabet Inc. interest coverage ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Alphabet Inc. fixed charge coverage ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Debt to Equity
Alphabet Inc., debt to equity calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term notes | 1,000) | —) | —) | 999) | —) | |
| Current portion of future finance lease payments, net and other current debt | 363) | 298) | 113) | 101) | 115) | |
| Long-term debt, excluding current portion | 13,253) | 14,701) | 14,817) | 13,932) | 4,554) | |
| Total debt | 14,616) | 14,999) | 14,930) | 15,032) | 4,669) | |
| Stockholders’ equity | 283,379) | 256,144) | 251,635) | 222,544) | 201,442) | |
| Solvency Ratio | ||||||
| Debt to equity1 | 0.05 | 0.06 | 0.06 | 0.07 | 0.02 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| Comcast Corp. | 1.17 | 1.17 | 0.99 | 1.15 | 1.24 | |
| Meta Platforms Inc. | 0.12 | 0.08 | 0.00 | 0.00 | 0.00 | |
| Netflix Inc. | 0.71 | 0.69 | 0.97 | 1.47 | 1.95 | |
| Walt Disney Co. | 0.47 | 0.51 | 0.62 | 0.71 | 0.53 | |
| Debt to Equity, Sector | ||||||
| Media & Entertainment | 0.30 | 0.32 | 0.31 | 0.36 | 0.35 | |
| Debt to Equity, Industry | ||||||
| Communication Services | 0.62 | 0.65 | 0.65 | 0.67 | 0.62 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 14,616 ÷ 283,379 = 0.05
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. | Alphabet Inc. debt to equity ratio improved from 2021 to 2022 and from 2022 to 2023. |
Debt to Equity (including Operating Lease Liability)
Alphabet Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term notes | 1,000) | —) | —) | 999) | —) | |
| Current portion of future finance lease payments, net and other current debt | 363) | 298) | 113) | 101) | 115) | |
| Long-term debt, excluding current portion | 13,253) | 14,701) | 14,817) | 13,932) | 4,554) | |
| Total debt | 14,616) | 14,999) | 14,930) | 15,032) | 4,669) | |
| Current operating lease liabilities | 2,791) | 2,477) | 2,189) | 1,694) | 1,199) | |
| Long-term operating lease liabilities | 12,460) | 12,501) | 11,389) | 11,146) | 10,214) | |
| Total debt (including operating lease liability) | 29,867) | 29,977) | 28,508) | 27,872) | 16,082) | |
| Stockholders’ equity | 283,379) | 256,144) | 251,635) | 222,544) | 201,442) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 0.11 | 0.12 | 0.11 | 0.13 | 0.08 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| Comcast Corp. | 1.25 | 1.26 | 1.06 | 1.20 | 1.29 | |
| Meta Platforms Inc. | 0.25 | 0.22 | 0.12 | 0.09 | 0.11 | |
| Netflix Inc. | 0.82 | 0.81 | 1.14 | 1.67 | 2.16 | |
| Walt Disney Co. | 0.51 | 0.55 | 0.66 | 0.75 | 0.53 | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Media & Entertainment | 0.37 | 0.39 | 0.38 | 0.43 | 0.41 | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Communication Services | 0.76 | 0.80 | 0.79 | 0.80 | 0.74 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 29,867 ÷ 283,379 = 0.11
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. | Alphabet Inc. debt to equity ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Debt to Capital
Alphabet Inc., debt to capital calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term notes | 1,000) | —) | —) | 999) | —) | |
| Current portion of future finance lease payments, net and other current debt | 363) | 298) | 113) | 101) | 115) | |
| Long-term debt, excluding current portion | 13,253) | 14,701) | 14,817) | 13,932) | 4,554) | |
| Total debt | 14,616) | 14,999) | 14,930) | 15,032) | 4,669) | |
| Stockholders’ equity | 283,379) | 256,144) | 251,635) | 222,544) | 201,442) | |
| Total capital | 297,995) | 271,143) | 266,565) | 237,576) | 206,111) | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.05 | 0.06 | 0.06 | 0.06 | 0.02 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| Comcast Corp. | 0.54 | 0.54 | 0.50 | 0.53 | 0.55 | |
| Meta Platforms Inc. | 0.11 | 0.08 | 0.00 | 0.00 | 0.00 | |
| Netflix Inc. | 0.41 | 0.41 | 0.49 | 0.60 | 0.66 | |
| Walt Disney Co. | 0.32 | 0.34 | 0.38 | 0.41 | 0.35 | |
| Debt to Capital, Sector | ||||||
| Media & Entertainment | 0.23 | 0.24 | 0.24 | 0.27 | 0.26 | |
| Debt to Capital, Industry | ||||||
| Communication Services | 0.38 | 0.39 | 0.40 | 0.40 | 0.38 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 14,616 ÷ 297,995 = 0.05
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. | Alphabet Inc. debt to capital ratio improved from 2021 to 2022 and from 2022 to 2023. |
Debt to Capital (including Operating Lease Liability)
Alphabet Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term notes | 1,000) | —) | —) | 999) | —) | |
| Current portion of future finance lease payments, net and other current debt | 363) | 298) | 113) | 101) | 115) | |
| Long-term debt, excluding current portion | 13,253) | 14,701) | 14,817) | 13,932) | 4,554) | |
| Total debt | 14,616) | 14,999) | 14,930) | 15,032) | 4,669) | |
| Current operating lease liabilities | 2,791) | 2,477) | 2,189) | 1,694) | 1,199) | |
| Long-term operating lease liabilities | 12,460) | 12,501) | 11,389) | 11,146) | 10,214) | |
| Total debt (including operating lease liability) | 29,867) | 29,977) | 28,508) | 27,872) | 16,082) | |
| Stockholders’ equity | 283,379) | 256,144) | 251,635) | 222,544) | 201,442) | |
| Total capital (including operating lease liability) | 313,246) | 286,121) | 280,143) | 250,416) | 217,524) | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.10 | 0.10 | 0.10 | 0.11 | 0.07 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| Comcast Corp. | 0.56 | 0.56 | 0.52 | 0.55 | 0.56 | |
| Meta Platforms Inc. | 0.20 | 0.18 | 0.10 | 0.08 | 0.10 | |
| Netflix Inc. | 0.45 | 0.45 | 0.53 | 0.63 | 0.68 | |
| Walt Disney Co. | 0.34 | 0.35 | 0.40 | 0.43 | 0.35 | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Media & Entertainment | 0.27 | 0.28 | 0.28 | 0.30 | 0.29 | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Communication Services | 0.43 | 0.44 | 0.44 | 0.44 | 0.43 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 29,867 ÷ 313,246 = 0.10
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. | Alphabet Inc. debt to capital ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Debt to Assets
Alphabet Inc., debt to assets calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term notes | 1,000) | —) | —) | 999) | —) | |
| Current portion of future finance lease payments, net and other current debt | 363) | 298) | 113) | 101) | 115) | |
| Long-term debt, excluding current portion | 13,253) | 14,701) | 14,817) | 13,932) | 4,554) | |
| Total debt | 14,616) | 14,999) | 14,930) | 15,032) | 4,669) | |
| Total assets | 402,392) | 365,264) | 359,268) | 319,616) | 275,909) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.04 | 0.04 | 0.04 | 0.05 | 0.02 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| Comcast Corp. | 0.37 | 0.37 | 0.34 | 0.38 | 0.39 | |
| Meta Platforms Inc. | 0.08 | 0.06 | 0.00 | 0.00 | 0.00 | |
| Netflix Inc. | 0.30 | 0.30 | 0.35 | 0.42 | 0.43 | |
| Walt Disney Co. | 0.23 | 0.24 | 0.27 | 0.29 | 0.24 | |
| Debt to Assets, Sector | ||||||
| Media & Entertainment | 0.17 | 0.17 | 0.17 | 0.20 | 0.19 | |
| Debt to Assets, Industry | ||||||
| Communication Services | 0.26 | 0.27 | 0.27 | 0.27 | 0.26 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 14,616 ÷ 402,392 = 0.04
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. | Alphabet Inc. debt to assets ratio improved from 2021 to 2022 and from 2022 to 2023. |
Debt to Assets (including Operating Lease Liability)
Alphabet Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term notes | 1,000) | —) | —) | 999) | —) | |
| Current portion of future finance lease payments, net and other current debt | 363) | 298) | 113) | 101) | 115) | |
| Long-term debt, excluding current portion | 13,253) | 14,701) | 14,817) | 13,932) | 4,554) | |
| Total debt | 14,616) | 14,999) | 14,930) | 15,032) | 4,669) | |
| Current operating lease liabilities | 2,791) | 2,477) | 2,189) | 1,694) | 1,199) | |
| Long-term operating lease liabilities | 12,460) | 12,501) | 11,389) | 11,146) | 10,214) | |
| Total debt (including operating lease liability) | 29,867) | 29,977) | 28,508) | 27,872) | 16,082) | |
| Total assets | 402,392) | 365,264) | 359,268) | 319,616) | 275,909) | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.07 | 0.08 | 0.08 | 0.09 | 0.06 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| Comcast Corp. | 0.39 | 0.39 | 0.37 | 0.40 | 0.41 | |
| Meta Platforms Inc. | 0.17 | 0.15 | 0.09 | 0.07 | 0.08 | |
| Netflix Inc. | 0.35 | 0.35 | 0.41 | 0.47 | 0.48 | |
| Walt Disney Co. | 0.25 | 0.26 | 0.29 | 0.31 | 0.24 | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Media & Entertainment | 0.21 | 0.22 | 0.21 | 0.23 | 0.22 | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Communication Services | 0.32 | 0.33 | 0.33 | 0.33 | 0.31 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 29,867 ÷ 402,392 = 0.07
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. | Alphabet Inc. debt to assets ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Financial Leverage
Alphabet Inc., financial leverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Total assets | 402,392) | 365,264) | 359,268) | 319,616) | 275,909) | |
| Stockholders’ equity | 283,379) | 256,144) | 251,635) | 222,544) | 201,442) | |
| Solvency Ratio | ||||||
| Financial leverage1 | 1.42 | 1.43 | 1.43 | 1.44 | 1.37 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| Comcast Corp. | 3.20 | 3.18 | 2.87 | 3.03 | 3.18 | |
| Meta Platforms Inc. | 1.50 | 1.48 | 1.33 | 1.24 | 1.32 | |
| Netflix Inc. | 2.37 | 2.34 | 2.81 | 3.55 | 4.48 | |
| Walt Disney Co. | 2.07 | 2.14 | 2.30 | 2.41 | 2.18 | |
| Financial Leverage, Sector | ||||||
| Media & Entertainment | 1.80 | 1.83 | 1.82 | 1.85 | 1.87 | |
| Financial Leverage, Industry | ||||||
| Communication Services | 2.39 | 2.45 | 2.43 | 2.45 | 2.42 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 402,392 ÷ 283,379 = 1.42
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. | Alphabet Inc. financial leverage ratio decreased from 2021 to 2022 and from 2022 to 2023. |
Interest Coverage
Alphabet Inc., interest coverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income | 73,795) | 59,972) | 76,033) | 40,269) | 34,343) | |
| Add: Income tax expense | 11,922) | 11,356) | 14,701) | 7,813) | 5,282) | |
| Add: Interest expense | 308) | 357) | 346) | 135) | 100) | |
| Earnings before interest and tax (EBIT) | 86,025) | 71,685) | 91,080) | 48,217) | 39,725) | |
| Solvency Ratio | ||||||
| Interest coverage1 | 279.30 | 200.80 | 263.24 | 357.16 | 397.25 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| Comcast Corp. | 6.01 | 3.38 | 5.46 | 4.07 | 4.72 | |
| Meta Platforms Inc. | 107.34 | 164.74 | 3,153.27 | 2,371.00 | 1,241.60 | |
| Netflix Inc. | 9.87 | 8.45 | 8.63 | 5.17 | 4.29 | |
| Walt Disney Co. | 3.42 | 4.41 | 2.66 | -0.06 | 12.19 | |
| Interest Coverage, Sector | ||||||
| Media & Entertainment | 22.91 | 18.95 | 24.80 | 14.53 | 15.86 | |
| Interest Coverage, Industry | ||||||
| Communication Services | 10.21 | 8.50 | 11.90 | 6.51 | 7.88 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Interest coverage = EBIT ÷ Interest expense
= 86,025 ÷ 308 = 279.30
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. | Alphabet Inc. interest coverage ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Fixed Charge Coverage
Alphabet Inc., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income | 73,795) | 59,972) | 76,033) | 40,269) | 34,343) | |
| Add: Income tax expense | 11,922) | 11,356) | 14,701) | 7,813) | 5,282) | |
| Add: Interest expense | 308) | 357) | 346) | 135) | 100) | |
| Earnings before interest and tax (EBIT) | 86,025) | 71,685) | 91,080) | 48,217) | 39,725) | |
| Add: Operating lease cost | 4,544) | 3,738) | 3,425) | 2,886) | 2,361) | |
| Earnings before fixed charges and tax | 90,569) | 75,423) | 94,505) | 51,103) | 42,086) | |
| Interest expense | 308) | 357) | 346) | 135) | 100) | |
| Operating lease cost | 4,544) | 3,738) | 3,425) | 2,886) | 2,361) | |
| Fixed charges | 4,852) | 4,095) | 3,771) | 3,021) | 2,461) | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | 18.67 | 18.42 | 25.06 | 16.92 | 17.10 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| Comcast Corp. | 4.87 | 2.82 | 4.48 | 3.47 | 4.00 | |
| Meta Platforms Inc. | 19.69 | 15.18 | 31.41 | 24.62 | 22.41 | |
| Netflix Inc. | 5.64 | 5.00 | 5.46 | 3.65 | 2.92 | |
| Walt Disney Co. | 2.71 | 3.25 | 2.07 | 0.32 | 6.94 | |
| Fixed Charge Coverage, Sector | ||||||
| Media & Entertainment | 10.79 | 9.06 | 12.40 | 7.98 | 8.67 | |
| Fixed Charge Coverage, Industry | ||||||
| Communication Services | 5.36 | 4.25 | 5.95 | 3.73 | 4.58 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 90,569 ÷ 4,852 = 18.67
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. | Alphabet Inc. fixed charge coverage ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |