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)
Fiserv Inc., solvency ratios
Based on: 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), 10-K (reporting date: 2017-12-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Fiserv Inc. debt to equity ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Fiserv Inc. debt to equity ratio (including operating lease liability) improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Fiserv Inc. debt to capital ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021. |
| 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. | Fiserv Inc. debt to capital ratio (including operating lease liability) improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Fiserv Inc. debt to assets ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Fiserv Inc. debt to assets ratio (including operating lease liability) improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Fiserv Inc. financial leverage ratio decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Fiserv Inc. interest coverage ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Fiserv Inc. fixed charge coverage ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Debt to Equity
Fiserv Inc., debt to equity calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term and current maturities of long-term debt | 508) | 384) | 287) | 4) | 3) | |
| Long-term debt, excluding current maturities | 20,729) | 20,300) | 21,612) | 5,955) | 4,897) | |
| Total debt | 21,237) | 20,684) | 21,899) | 5,959) | 4,900) | |
| Total Fiserv, Inc. shareholders’ equity | 30,952) | 32,330) | 32,979) | 2,293) | 2,731) | |
| Solvency Ratio | ||||||
| Debt to equity1 | 0.69 | 0.64 | 0.66 | 2.60 | 1.79 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| Accenture PLC | 0.00 | 0.00 | 0.00 | — | — | |
| Adobe Inc. | 0.28 | 0.31 | 0.39 | — | — | |
| Cadence Design Systems Inc. | 0.13 | 0.14 | — | — | — | |
| CrowdStrike Holdings Inc. | 0.85 | 0.00 | — | — | — | |
| International Business Machines Corp. | 2.74 | 2.99 | — | — | — | |
| Intuit Inc. | 0.21 | 0.66 | 0.12 | — | — | |
| Microsoft Corp. | 0.50 | 0.62 | 0.77 | — | — | |
| Oracle Corp. | 16.08 | 5.93 | 2.58 | — | — | |
| Palantir Technologies Inc. | 0.00 | 0.13 | — | — | — | |
| Palo Alto Networks Inc. | 5.08 | 2.80 | 0.90 | — | — | |
| Salesforce Inc. | 0.07 | 0.09 | — | — | — | |
| ServiceNow Inc. | 0.43 | 0.58 | — | — | — | |
| Synopsys Inc. | 0.02 | 0.03 | 0.03 | — | — | |
| Workday Inc. | 0.55 | 0.51 | — | — | — | |
| Debt to Equity, Sector | ||||||
| Software & Services | 0.83 | 0.94 | — | — | — | |
| Debt to Equity, Industry | ||||||
| Information Technology | 0.83 | 0.97 | — | — | — | |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Debt to equity = Total debt ÷ Total Fiserv, Inc. shareholders’ equity
= 21,237 ÷ 30,952 = 0.69
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. | Fiserv Inc. debt to equity ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021. |
Debt to Equity (including Operating Lease Liability)
Fiserv Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term and current maturities of long-term debt | 508) | 384) | 287) | 4) | 3) | |
| Long-term debt, excluding current maturities | 20,729) | 20,300) | 21,612) | 5,955) | 4,897) | |
| Total debt | 21,237) | 20,684) | 21,899) | 5,959) | 4,900) | |
| Operating lease liabilities, current portion (included within Accounts payable and accrued expenses) | 122) | 125) | 140) | —) | —) | |
| Operating lease liabilities, noncurrent portion (included within Other long-term liabilities) | 615) | 471) | 603) | —) | —) | |
| Total debt (including operating lease liability) | 21,974) | 21,280) | 22,642) | 5,959) | 4,900) | |
| Total Fiserv, Inc. shareholders’ equity | 30,952) | 32,330) | 32,979) | 2,293) | 2,731) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 0.71 | 0.66 | 0.69 | 2.60 | 1.79 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| Accenture PLC | 0.18 | 0.21 | 0.00 | — | — | |
| Adobe Inc. | 0.32 | 0.35 | 0.39 | — | — | |
| Cadence Design Systems Inc. | 0.18 | 0.20 | — | — | — | |
| CrowdStrike Holdings Inc. | 0.89 | 0.00 | — | — | — | |
| International Business Machines Corp. | 2.92 | 3.23 | — | — | — | |
| Intuit Inc. | 0.25 | 0.71 | 0.12 | — | — | |
| Microsoft Corp. | 0.58 | 0.69 | 0.84 | — | — | |
| Oracle Corp. | 16.61 | 6.10 | 2.58 | — | — | |
| Palantir Technologies Inc. | 0.11 | 0.30 | — | — | — | |
| Palo Alto Networks Inc. | 5.68 | 3.16 | 0.90 | — | — | |
| Salesforce Inc. | 0.15 | 0.18 | — | — | — | |
| ServiceNow Inc. | 0.60 | 0.75 | — | — | — | |
| Synopsys Inc. | 0.13 | 0.14 | 0.03 | — | — | |
| Workday Inc. | 0.68 | 0.63 | — | — | — | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Software & Services | 0.93 | 1.05 | — | — | — | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Information Technology | 0.90 | 1.04 | — | — | — | |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Fiserv, Inc. shareholders’ equity
= 21,974 ÷ 30,952 = 0.71
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. | Fiserv Inc. debt to equity ratio (including operating lease liability) improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021. |
Debt to Capital
Fiserv Inc., debt to capital calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term and current maturities of long-term debt | 508) | 384) | 287) | 4) | 3) | |
| Long-term debt, excluding current maturities | 20,729) | 20,300) | 21,612) | 5,955) | 4,897) | |
| Total debt | 21,237) | 20,684) | 21,899) | 5,959) | 4,900) | |
| Total Fiserv, Inc. shareholders’ equity | 30,952) | 32,330) | 32,979) | 2,293) | 2,731) | |
| Total capital | 52,189) | 53,014) | 54,878) | 8,252) | 7,631) | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.41 | 0.39 | 0.40 | 0.72 | 0.64 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| Accenture PLC | 0.00 | 0.00 | 0.00 | — | — | |
| Adobe Inc. | 0.22 | 0.24 | 0.28 | — | — | |
| Cadence Design Systems Inc. | 0.11 | 0.12 | — | — | — | |
| CrowdStrike Holdings Inc. | 0.46 | 0.00 | — | — | — | |
| International Business Machines Corp. | 0.73 | 0.75 | — | — | — | |
| Intuit Inc. | 0.17 | 0.40 | 0.10 | — | — | |
| Microsoft Corp. | 0.33 | 0.38 | 0.43 | — | — | |
| Oracle Corp. | 0.94 | 0.86 | 0.72 | — | — | |
| Palantir Technologies Inc. | 0.00 | 0.12 | — | — | — | |
| Palo Alto Networks Inc. | 0.84 | 0.74 | 0.47 | — | — | |
| Salesforce Inc. | 0.06 | 0.08 | — | — | — | |
| ServiceNow Inc. | 0.30 | 0.37 | — | — | — | |
| Synopsys Inc. | 0.02 | 0.03 | 0.03 | — | — | |
| Workday Inc. | 0.35 | 0.34 | — | — | — | |
| Debt to Capital, Sector | ||||||
| Software & Services | 0.45 | 0.49 | — | — | — | |
| Debt to Capital, Industry | ||||||
| Information Technology | 0.45 | 0.49 | — | — | — | |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= 21,237 ÷ 52,189 = 0.41
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. | Fiserv Inc. debt to capital ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021. |
Debt to Capital (including Operating Lease Liability)
Fiserv Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term and current maturities of long-term debt | 508) | 384) | 287) | 4) | 3) | |
| Long-term debt, excluding current maturities | 20,729) | 20,300) | 21,612) | 5,955) | 4,897) | |
| Total debt | 21,237) | 20,684) | 21,899) | 5,959) | 4,900) | |
| Operating lease liabilities, current portion (included within Accounts payable and accrued expenses) | 122) | 125) | 140) | —) | —) | |
| Operating lease liabilities, noncurrent portion (included within Other long-term liabilities) | 615) | 471) | 603) | —) | —) | |
| Total debt (including operating lease liability) | 21,974) | 21,280) | 22,642) | 5,959) | 4,900) | |
| Total Fiserv, Inc. shareholders’ equity | 30,952) | 32,330) | 32,979) | 2,293) | 2,731) | |
| Total capital (including operating lease liability) | 52,926) | 53,610) | 55,621) | 8,252) | 7,631) | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.42 | 0.40 | 0.41 | 0.72 | 0.64 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| Accenture PLC | 0.15 | 0.17 | 0.00 | — | — | |
| Adobe Inc. | 0.24 | 0.26 | 0.28 | — | — | |
| Cadence Design Systems Inc. | 0.15 | 0.17 | — | — | — | |
| CrowdStrike Holdings Inc. | 0.47 | 0.00 | — | — | — | |
| International Business Machines Corp. | 0.74 | 0.76 | — | — | — | |
| Intuit Inc. | 0.20 | 0.42 | 0.10 | — | — | |
| Microsoft Corp. | 0.37 | 0.41 | 0.46 | — | — | |
| Oracle Corp. | 0.94 | 0.86 | 0.72 | — | — | |
| Palantir Technologies Inc. | 0.10 | 0.23 | — | — | — | |
| Palo Alto Networks Inc. | 0.85 | 0.76 | 0.47 | — | — | |
| Salesforce Inc. | 0.13 | 0.16 | — | — | — | |
| ServiceNow Inc. | 0.37 | 0.43 | — | — | — | |
| Synopsys Inc. | 0.11 | 0.12 | 0.03 | — | — | |
| Workday Inc. | 0.41 | 0.39 | — | — | — | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Software & Services | 0.48 | 0.51 | — | — | — | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Information Technology | 0.47 | 0.51 | — | — | — | |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 21,974 ÷ 52,926 = 0.42
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. | Fiserv Inc. debt to capital ratio (including operating lease liability) improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021. |
Debt to Assets
Fiserv Inc., debt to assets calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term and current maturities of long-term debt | 508) | 384) | 287) | 4) | 3) | |
| Long-term debt, excluding current maturities | 20,729) | 20,300) | 21,612) | 5,955) | 4,897) | |
| Total debt | 21,237) | 20,684) | 21,899) | 5,959) | 4,900) | |
| Total assets | 76,249) | 74,619) | 77,539) | 11,262) | 10,289) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.28 | 0.28 | 0.28 | 0.53 | 0.48 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| Accenture PLC | 0.00 | 0.00 | 0.00 | — | — | |
| Adobe Inc. | 0.15 | 0.17 | 0.20 | — | — | |
| Cadence Design Systems Inc. | 0.08 | 0.09 | — | — | — | |
| CrowdStrike Holdings Inc. | 0.27 | 0.00 | — | — | — | |
| International Business Machines Corp. | 0.39 | 0.39 | — | — | — | |
| Intuit Inc. | 0.13 | 0.31 | 0.07 | — | — | |
| Microsoft Corp. | 0.21 | 0.24 | 0.27 | — | — | |
| Oracle Corp. | 0.64 | 0.62 | 0.52 | — | — | |
| Palantir Technologies Inc. | 0.00 | 0.07 | — | — | — | |
| Palo Alto Networks Inc. | 0.31 | 0.34 | 0.22 | — | — | |
| Salesforce Inc. | 0.04 | 0.06 | — | — | — | |
| ServiceNow Inc. | 0.15 | 0.19 | — | — | — | |
| Synopsys Inc. | 0.01 | 0.02 | 0.02 | — | — | |
| Workday Inc. | 0.21 | 0.19 | — | — | — | |
| Debt to Assets, Sector | ||||||
| Software & Services | 0.28 | 0.30 | — | — | — | |
| Debt to Assets, Industry | ||||||
| Information Technology | 0.29 | 0.31 | — | — | — | |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Debt to assets = Total debt ÷ Total assets
= 21,237 ÷ 76,249 = 0.28
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. | Fiserv Inc. debt to assets ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
Debt to Assets (including Operating Lease Liability)
Fiserv Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term and current maturities of long-term debt | 508) | 384) | 287) | 4) | 3) | |
| Long-term debt, excluding current maturities | 20,729) | 20,300) | 21,612) | 5,955) | 4,897) | |
| Total debt | 21,237) | 20,684) | 21,899) | 5,959) | 4,900) | |
| Operating lease liabilities, current portion (included within Accounts payable and accrued expenses) | 122) | 125) | 140) | —) | —) | |
| Operating lease liabilities, noncurrent portion (included within Other long-term liabilities) | 615) | 471) | 603) | —) | —) | |
| Total debt (including operating lease liability) | 21,974) | 21,280) | 22,642) | 5,959) | 4,900) | |
| Total assets | 76,249) | 74,619) | 77,539) | 11,262) | 10,289) | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.29 | 0.29 | 0.29 | 0.53 | 0.48 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| Accenture PLC | 0.08 | 0.09 | 0.00 | — | — | |
| Adobe Inc. | 0.17 | 0.19 | 0.20 | — | — | |
| Cadence Design Systems Inc. | 0.11 | 0.13 | — | — | — | |
| CrowdStrike Holdings Inc. | 0.29 | 0.00 | — | — | — | |
| International Business Machines Corp. | 0.42 | 0.43 | — | — | — | |
| Intuit Inc. | 0.16 | 0.33 | 0.07 | — | — | |
| Microsoft Corp. | 0.25 | 0.27 | 0.30 | — | — | |
| Oracle Corp. | 0.66 | 0.64 | 0.52 | — | — | |
| Palantir Technologies Inc. | 0.08 | 0.17 | — | — | — | |
| Palo Alto Networks Inc. | 0.35 | 0.38 | 0.22 | — | — | |
| Salesforce Inc. | 0.10 | 0.11 | — | — | — | |
| ServiceNow Inc. | 0.21 | 0.24 | — | — | — | |
| Synopsys Inc. | 0.08 | 0.08 | 0.02 | — | — | |
| Workday Inc. | 0.26 | 0.23 | — | — | — | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Software & Services | 0.32 | 0.34 | — | — | — | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Information Technology | 0.31 | 0.33 | — | — | — | |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 21,974 ÷ 76,249 = 0.29
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. | Fiserv Inc. debt to assets ratio (including operating lease liability) improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
Financial Leverage
Fiserv Inc., financial leverage calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Total assets | 76,249) | 74,619) | 77,539) | 11,262) | 10,289) | |
| Total Fiserv, Inc. shareholders’ equity | 30,952) | 32,330) | 32,979) | 2,293) | 2,731) | |
| Solvency Ratio | ||||||
| Financial leverage1 | 2.46 | 2.31 | 2.35 | 4.91 | 3.77 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| Accenture PLC | 2.21 | 2.18 | 2.07 | — | — | |
| Adobe Inc. | 1.84 | 1.83 | 1.97 | — | — | |
| Cadence Design Systems Inc. | 1.60 | 1.58 | — | — | — | |
| CrowdStrike Holdings Inc. | 3.14 | 1.89 | — | — | — | |
| International Business Machines Corp. | 6.98 | 7.57 | — | — | — | |
| Intuit Inc. | 1.57 | 2.14 | 1.68 | — | — | |
| Microsoft Corp. | 2.35 | 2.55 | 2.80 | — | — | |
| Oracle Corp. | 25.03 | 9.56 | 4.99 | — | — | |
| Palantir Technologies Inc. | 1.42 | 1.77 | — | — | — | |
| Palo Alto Networks Inc. | 16.14 | 8.23 | 4.16 | — | — | |
| Salesforce Inc. | 1.60 | 1.63 | — | — | — | |
| ServiceNow Inc. | 2.92 | 3.07 | — | — | — | |
| Synopsys Inc. | 1.65 | 1.64 | 1.57 | — | — | |
| Workday Inc. | 2.66 | 2.74 | — | — | — | |
| Financial Leverage, Sector | ||||||
| Software & Services | 2.95 | 3.13 | — | — | — | |
| Financial Leverage, Industry | ||||||
| Information Technology | 2.89 | 3.12 | — | — | — | |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Financial leverage = Total assets ÷ Total Fiserv, Inc. shareholders’ equity
= 76,249 ÷ 30,952 = 2.46
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. | Fiserv Inc. financial leverage ratio decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level. |
Interest Coverage
Fiserv Inc., interest coverage calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income attributable to Fiserv, Inc. | 1,334) | 958) | 893) | 1,187) | 1,246) | |
| Add: Net income attributable to noncontrolling interest | 69) | 17) | 21) | —) | —) | |
| Less: Income from discontinued operations, net of income taxes | —) | —) | —) | —) | 14) | |
| Add: Income tax expense | 363) | 196) | 198) | 378) | 158) | |
| Add: Interest expense | 696) | 716) | 507) | 193) | 176) | |
| Earnings before interest and tax (EBIT) | 2,462) | 1,887) | 1,619) | 1,758) | 1,566) | |
| Solvency Ratio | ||||||
| Interest coverage1 | 3.54 | 2.64 | 3.19 | 9.11 | 8.90 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| Accenture PLC | 131.46 | 205.84 | 273.26 | — | — | |
| Adobe Inc. | 51.49 | 37.00 | 21.38 | — | — | |
| Cadence Design Systems Inc. | 46.26 | 31.50 | — | — | — | |
| CrowdStrike Holdings Inc. | -55.36 | -315.25 | — | — | — | |
| International Business Machines Corp. | 5.20 | 4.62 | — | — | — | |
| Intuit Inc. | 89.14 | 158.00 | 126.40 | — | — | |
| Microsoft Corp. | 31.31 | 21.47 | 17.27 | — | — | |
| Oracle Corp. | 6.28 | 7.13 | 6.97 | — | — | |
| Palantir Technologies Inc. | -133.20 | -82.39 | — | — | — | |
| Palo Alto Networks Inc. | -1.85 | -1.61 | 0.11 | — | — | |
| Salesforce Inc. | 21.49 | 6.43 | — | — | — | |
| ServiceNow Inc. | 9.89 | 5.56 | — | — | — | |
| Synopsys Inc. | 240.38 | 125.16 | 47.79 | — | — | |
| Workday Inc. | -3.00 | -7.22 | — | — | — | |
| Interest Coverage, Sector | ||||||
| Software & Services | 17.38 | 14.02 | — | — | — | |
| Interest Coverage, Industry | ||||||
| Information Technology | 19.95 | 14.17 | — | — | — | |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Interest coverage = EBIT ÷ Interest expense
= 2,462 ÷ 696 = 3.54
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. | Fiserv Inc. interest coverage ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Fixed Charge Coverage
Fiserv Inc., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income attributable to Fiserv, Inc. | 1,334) | 958) | 893) | 1,187) | 1,246) | |
| Add: Net income attributable to noncontrolling interest | 69) | 17) | 21) | —) | —) | |
| Less: Income from discontinued operations, net of income taxes | —) | —) | —) | —) | 14) | |
| Add: Income tax expense | 363) | 196) | 198) | 378) | 158) | |
| Add: Interest expense | 696) | 716) | 507) | 193) | 176) | |
| Earnings before interest and tax (EBIT) | 2,462) | 1,887) | 1,619) | 1,758) | 1,566) | |
| Add: Operating lease cost | 162) | 198) | 207) | 118) | 126) | |
| Earnings before fixed charges and tax | 2,624) | 2,085) | 1,826) | 1,876) | 1,692) | |
| Interest expense | 696) | 716) | 507) | 193) | 176) | |
| Operating lease cost | 162) | 198) | 207) | 118) | 126) | |
| Fixed charges | 858) | 914) | 714) | 311) | 302) | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | 3.06 | 2.28 | 2.56 | 6.03 | 5.60 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| Accenture PLC | 10.41 | 9.66 | 10.07 | — | — | |
| Adobe Inc. | 25.59 | 18.77 | 10.78 | — | — | |
| Cadence Design Systems Inc. | 13.77 | 11.46 | — | — | — | |
| CrowdStrike Holdings Inc. | -6.40 | -12.01 | — | — | — | |
| International Business Machines Corp. | 3.13 | 2.62 | — | — | — | |
| Intuit Inc. | 25.58 | 27.48 | 34.00 | — | — | |
| Microsoft Corp. | 16.90 | 12.44 | 10.94 | — | — | |
| Oracle Corp. | 5.17 | 5.68 | 5.50 | — | — | |
| Palantir Technologies Inc. | -7.89 | -16.41 | — | — | — | |
| Palo Alto Networks Inc. | -1.09 | -0.52 | 0.41 | — | — | |
| Salesforce Inc. | 2.92 | 1.68 | — | — | — | |
| ServiceNow Inc. | 2.95 | 2.29 | — | — | — | |
| Synopsys Inc. | 9.29 | 7.46 | 6.30 | — | — | |
| Workday Inc. | -0.69 | -2.35 | — | — | — | |
| Fixed Charge Coverage, Sector | ||||||
| Software & Services | 9.23 | 7.44 | — | — | — | |
| Fixed Charge Coverage, Industry | ||||||
| Information Technology | 12.23 | 9.05 | — | — | — | |
Based on: 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), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 2,624 ÷ 858 = 3.06
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. | Fiserv Inc. fixed charge coverage ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |