Stock Analysis on Net

CoStar Group Inc. (NASDAQ:CSGP)

This company has been moved to the archive! The financial data has not been updated since July 26, 2023.

Analysis of Solvency Ratios

Microsoft Excel

Solvency Ratios (Summary)

CoStar Group Inc., solvency ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Debt Ratios
Debt to equity 0.14 0.17 0.18 0.00 0.00
Debt to equity (including operating lease liability) 0.16 0.19 0.21 0.04 0.00
Debt to capital 0.13 0.15 0.16 0.00 0.00
Debt to capital (including operating lease liability) 0.14 0.16 0.17 0.04 0.00
Debt to assets 0.12 0.14 0.14 0.00 0.00
Debt to assets (including operating lease liability) 0.13 0.15 0.16 0.04 0.00
Financial leverage 1.22 1.27 1.29 1.13 1.10
Coverage Ratios
Interest coverage 16.05 13.50 13.43 150.50 101.36
Fixed charge coverage 8.38 7.01 5.96 13.94 10.18

Based on: 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), 10-K (reporting date: 2018-12-31).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. CoStar Group Inc. debt to equity ratio improved from 2020 to 2021 and from 2021 to 2022.
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. CoStar Group Inc. debt to equity ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. CoStar Group Inc. debt to capital ratio improved from 2020 to 2021 and from 2021 to 2022.
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. CoStar Group Inc. debt to capital ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. CoStar Group Inc. debt to assets ratio improved from 2020 to 2021 and from 2021 to 2022.
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. CoStar Group Inc. debt to assets ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. CoStar Group Inc. financial leverage ratio decreased from 2020 to 2021 and from 2021 to 2022.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. CoStar Group Inc. interest coverage ratio improved from 2020 to 2021 and from 2021 to 2022.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. CoStar Group Inc. fixed charge coverage ratio improved from 2020 to 2021 and from 2021 to 2022.

Debt to Equity

CoStar Group Inc., debt to equity calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Long-term debt, net 989,210 987,944 986,715
Total debt 989,210 987,944 986,715
 
Stockholders’ equity 6,870,121 5,711,672 5,375,359 3,405,593 3,021,942
Solvency Ratio
Debt to equity1 0.14 0.17 0.18 0.00 0.00
Benchmarks
Debt to Equity, Industry
Industrials 1.32 1.25 1.73 1.86

Based on: 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), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 989,210 ÷ 6,870,121 = 0.14

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. CoStar Group Inc. debt to equity ratio improved from 2020 to 2021 and from 2021 to 2022.

Debt to Equity (including Operating Lease Liability)

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

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Long-term debt, net 989,210 987,944 986,715
Total debt 989,210 987,944 986,715
Current portion of operating lease liabilities 36,049 26,268 32,648 29,670
Long-term operating lease liabilities (located in Lease and other long-term liabilities) 76,007 99,370 105,329 120,153
Total debt (including operating lease liability) 1,101,266 1,113,582 1,124,692 149,823
 
Stockholders’ equity 6,870,121 5,711,672 5,375,359 3,405,593 3,021,942
Solvency Ratio
Debt to equity (including operating lease liability)1 0.16 0.19 0.21 0.04 0.00
Benchmarks
Debt to Equity (including Operating Lease Liability), Industry
Industrials 1.47 1.39 1.89 1.96

Based on: 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), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 1,101,266 ÷ 6,870,121 = 0.16

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. CoStar Group Inc. debt to equity ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022.

Debt to Capital

CoStar Group Inc., debt to capital calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Long-term debt, net 989,210 987,944 986,715
Total debt 989,210 987,944 986,715
Stockholders’ equity 6,870,121 5,711,672 5,375,359 3,405,593 3,021,942
Total capital 7,859,331 6,699,616 6,362,074 3,405,593 3,021,942
Solvency Ratio
Debt to capital1 0.13 0.15 0.16 0.00 0.00
Benchmarks
Debt to Capital, Industry
Industrials 0.57 0.56 0.63 0.65

Based on: 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), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 989,210 ÷ 7,859,331 = 0.13

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. CoStar Group Inc. debt to capital ratio improved from 2020 to 2021 and from 2021 to 2022.

Debt to Capital (including Operating Lease Liability)

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

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Long-term debt, net 989,210 987,944 986,715
Total debt 989,210 987,944 986,715
Current portion of operating lease liabilities 36,049 26,268 32,648 29,670
Long-term operating lease liabilities (located in Lease and other long-term liabilities) 76,007 99,370 105,329 120,153
Total debt (including operating lease liability) 1,101,266 1,113,582 1,124,692 149,823
Stockholders’ equity 6,870,121 5,711,672 5,375,359 3,405,593 3,021,942
Total capital (including operating lease liability) 7,971,387 6,825,254 6,500,051 3,555,416 3,021,942
Solvency Ratio
Debt to capital (including operating lease liability)1 0.14 0.16 0.17 0.04 0.00
Benchmarks
Debt to Capital (including Operating Lease Liability), Industry
Industrials 0.60 0.58 0.65 0.66

Based on: 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), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 1,101,266 ÷ 7,971,387 = 0.14

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. CoStar Group Inc. debt to capital ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022.

Debt to Assets

CoStar Group Inc., debt to assets calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Long-term debt, net 989,210 987,944 986,715
Total debt 989,210 987,944 986,715
 
Total assets 8,402,470 7,256,871 6,915,420 3,853,986 3,312,957
Solvency Ratio
Debt to assets1 0.12 0.14 0.14 0.00 0.00
Benchmarks
Debt to Assets, Industry
Industrials 0.29 0.29 0.32 0.32

Based on: 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), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 989,210 ÷ 8,402,470 = 0.12

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. CoStar Group Inc. debt to assets ratio improved from 2020 to 2021 and from 2021 to 2022.

Debt to Assets (including Operating Lease Liability)

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

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Long-term debt, net 989,210 987,944 986,715
Total debt 989,210 987,944 986,715
Current portion of operating lease liabilities 36,049 26,268 32,648 29,670
Long-term operating lease liabilities (located in Lease and other long-term liabilities) 76,007 99,370 105,329 120,153
Total debt (including operating lease liability) 1,101,266 1,113,582 1,124,692 149,823
 
Total assets 8,402,470 7,256,871 6,915,420 3,853,986 3,312,957
Solvency Ratio
Debt to assets (including operating lease liability)1 0.13 0.15 0.16 0.04 0.00
Benchmarks
Debt to Assets (including Operating Lease Liability), Industry
Industrials 0.33 0.32 0.35 0.34

Based on: 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), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 1,101,266 ÷ 8,402,470 = 0.13

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. CoStar Group Inc. debt to assets ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022.

Financial Leverage

CoStar Group Inc., financial leverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Total assets 8,402,470 7,256,871 6,915,420 3,853,986 3,312,957
Stockholders’ equity 6,870,121 5,711,672 5,375,359 3,405,593 3,021,942
Solvency Ratio
Financial leverage1 1.22 1.27 1.29 1.13 1.10
Benchmarks
Financial Leverage, Industry
Industrials 4.49 4.33 5.35 5.76

Based on: 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), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 8,402,470 ÷ 6,870,121 = 1.22

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. CoStar Group Inc. financial leverage ratio decreased from 2020 to 2021 and from 2021 to 2022.

Interest Coverage

CoStar Group Inc., interest coverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Net income 369,453 292,564 227,128 314,963 238,334
Add: Income tax expense 117,004 111,404 43,852 75,986 45,681
Add: Interest expense 32,325 32,316 21,794 2,615 2,830
Earnings before interest and tax (EBIT) 518,782 436,284 292,774 393,564 286,845
Solvency Ratio
Interest coverage1 16.05 13.50 13.43 150.50 101.36
Benchmarks
Interest Coverage, Industry
Industrials 5.53 6.00 2.04 4.37

Based on: 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), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Interest coverage = EBIT ÷ Interest expense
= 518,782 ÷ 32,325 = 16.05

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. CoStar Group Inc. interest coverage ratio improved from 2020 to 2021 and from 2021 to 2022.

Fixed Charge Coverage

CoStar Group Inc., fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Net income 369,453 292,564 227,128 314,963 238,334
Add: Income tax expense 117,004 111,404 43,852 75,986 45,681
Add: Interest expense 32,325 32,316 21,794 2,615 2,830
Earnings before interest and tax (EBIT) 518,782 436,284 292,774 393,564 286,845
Add: Operating lease costs 33,631 34,879 32,835 27,593 28,118
Earnings before fixed charges and tax 552,413 471,163 325,609 421,157 314,963
 
Interest expense 32,325 32,316 21,794 2,615 2,830
Operating lease costs 33,631 34,879 32,835 27,593 28,118
Fixed charges 65,956 67,195 54,629 30,208 30,948
Solvency Ratio
Fixed charge coverage1 8.38 7.01 5.96 13.94 10.18
Benchmarks
Fixed Charge Coverage, Industry
Industrials 3.58 3.93 1.59 2.96

Based on: 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), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 552,413 ÷ 65,956 = 8.38

Solvency ratio Description The company
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. CoStar Group Inc. fixed charge coverage ratio improved from 2020 to 2021 and from 2021 to 2022.