Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
PayPal Holdings Inc., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | PayPal Holdings Inc. debt to equity ratio deteriorated from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | PayPal Holdings Inc. debt to capital ratio deteriorated from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | PayPal Holdings Inc. debt to assets ratio improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | PayPal Holdings Inc. financial leverage ratio increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Debt to Equity
PayPal Holdings Inc., debt to equity calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Short-term debt | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 2,499) | 1,999) | 1,998) | 2,000) | 2,000) | 3,000) | |||||||
| Current portion of long-term debt | 418) | 418) | 418) | 418) | 999) | 999) | 998) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Long-term debt, excluding current portion | 10,481) | 10,417) | 10,241) | 10,198) | 8,222) | 8,049) | 7,949) | 8,945) | 8,942) | 8,939) | 8,937) | 8,934) | 7,967) | 4,965) | 4,964) | —) | —) | —) | —) | —) | —) | |||||||
| Total debt | 10,899) | 10,835) | 10,659) | 10,616) | 9,221) | 9,048) | 8,947) | 8,945) | 8,942) | 8,939) | 8,937) | 8,934) | 7,967) | 4,965) | 4,964) | 2,499) | 1,999) | 1,998) | 2,000) | 2,000) | 3,000) | |||||||
| Total PayPal stockholders’ equity | 19,858) | 20,274) | 20,264) | 19,767) | 20,603) | 21,727) | 22,090) | 20,905) | 19,441) | 20,019) | 18,483) | 17,640) | 15,967) | 16,885) | 16,483) | 16,139) | 15,157) | 15,386) | 15,115) | 15,019) | 14,641) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to equity1 | 0.55 | 0.53 | 0.53 | 0.54 | 0.45 | 0.42 | 0.41 | 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 | |||||||
| 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 | — | — | — | — | |||||||
| Adobe Inc. | 0.26 | 0.29 | 0.29 | 0.30 | 0.30 | 0.28 | 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 | |||||||
| Autodesk Inc. | 3.86 | 3.09 | 2.05 | 1.23 | 1.45 | 1.70 | 23.62 | 24.31 | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Cadence Design Systems Inc. | 0.23 | 0.27 | 0.29 | 0.13 | 0.13 | 0.13 | 0.13 | 0.14 | 0.14 | 0.14 | 0.29 | 0.31 | 0.32 | 0.16 | 0.23 | 0.24 | 0.29 | — | — | — | — | |||||||
| CrowdStrike Holdings Inc. | 0.67 | 0.72 | 0.78 | 0.82 | 0.87 | 0.85 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — | — | |||||||
| International Business Machines Corp. | 2.72 | 2.32 | 2.53 | 2.59 | 2.85 | 2.74 | 2.45 | 2.51 | 2.64 | 2.99 | 3.08 | 3.15 | 3.22 | 3.02 | 3.69 | 4.14 | 3.03 | — | — | — | — | |||||||
| Intuit Inc. | 0.43 | 0.42 | 0.40 | 0.43 | 0.21 | 0.21 | 0.20 | 0.27 | 0.45 | 0.66 | 0.08 | 0.11 | 0.12 | 0.12 | 0.11 | 0.15 | 0.15 | — | — | — | — | |||||||
| Microsoft Corp. | 0.28 | 0.30 | 0.31 | 0.33 | 0.35 | 0.41 | 0.43 | 0.46 | 0.52 | 0.54 | 0.58 | 0.63 | 0.66 | 0.71 | 0.77 | 0.79 | 0.89 | — | — | — | — | |||||||
| Oracle Corp. | — | — | — | — | — | 16.08 | 7.79 | 8.94 | 7.46 | 5.93 | 3.63 | 3.32 | 2.95 | 2.58 | 2.37 | 1.90 | 1.53 | — | — | — | — | |||||||
| Palo Alto Networks Inc. | 7.24 | 17.51 | 10.89 | 31.19 | 7.08 | 5.08 | 3.20 | 3.04 | 4.18 | 2.80 | 1.98 | 0.91 | 0.95 | 0.90 | 1.08 | 1.45 | 1.30 | — | — | — | — | |||||||
| Salesforce Inc. | 0.18 | 0.18 | 0.19 | 0.24 | 0.06 | 0.06 | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 | 0.17 | 0.19 | 0.20 | 0.25 | 0.27 | 0.29 | — | — | — | — | |||||||
| ServiceNow Inc. | 0.27 | 0.30 | 0.33 | 0.35 | 0.39 | 0.43 | 0.45 | 0.48 | 0.53 | 0.58 | 0.64 | 0.28 | 0.31 | 0.33 | 0.48 | 0.54 | 0.56 | — | — | — | — | |||||||
| Synopsys Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.06 | 0.08 | 0.03 | 0.04 | 0.07 | 0.14 | 0.13 | 0.20 | 0.16 | 0.18 | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 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).
1 Q1 2023 Calculation
Debt to equity = Total debt ÷ Total PayPal stockholders’ equity
= 10,899 ÷ 19,858 = 0.55
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. | PayPal Holdings Inc. debt to equity ratio deteriorated from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Debt to Capital
PayPal Holdings Inc., debt to capital calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Short-term debt | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 2,499) | 1,999) | 1,998) | 2,000) | 2,000) | 3,000) | |||||||
| Current portion of long-term debt | 418) | 418) | 418) | 418) | 999) | 999) | 998) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Long-term debt, excluding current portion | 10,481) | 10,417) | 10,241) | 10,198) | 8,222) | 8,049) | 7,949) | 8,945) | 8,942) | 8,939) | 8,937) | 8,934) | 7,967) | 4,965) | 4,964) | —) | —) | —) | —) | —) | —) | |||||||
| Total debt | 10,899) | 10,835) | 10,659) | 10,616) | 9,221) | 9,048) | 8,947) | 8,945) | 8,942) | 8,939) | 8,937) | 8,934) | 7,967) | 4,965) | 4,964) | 2,499) | 1,999) | 1,998) | 2,000) | 2,000) | 3,000) | |||||||
| Total PayPal stockholders’ equity | 19,858) | 20,274) | 20,264) | 19,767) | 20,603) | 21,727) | 22,090) | 20,905) | 19,441) | 20,019) | 18,483) | 17,640) | 15,967) | 16,885) | 16,483) | 16,139) | 15,157) | 15,386) | 15,115) | 15,019) | 14,641) | |||||||
| Total capital | 30,757) | 31,109) | 30,923) | 30,383) | 29,824) | 30,775) | 31,037) | 29,850) | 28,383) | 28,958) | 27,420) | 26,574) | 23,934) | 21,850) | 21,447) | 18,638) | 17,156) | 17,384) | 17,115) | 17,019) | 17,641) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to capital1 | 0.35 | 0.35 | 0.34 | 0.35 | 0.31 | 0.29 | 0.29 | 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 | |||||||
| 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 | — | — | — | — | |||||||
| Adobe Inc. | 0.20 | 0.23 | 0.22 | 0.23 | 0.23 | 0.22 | 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 | |||||||
| Autodesk Inc. | 0.79 | 0.76 | 0.67 | 0.55 | 0.59 | 0.63 | 0.96 | 0.96 | 1.09 | 1.07 | 1.11 | 1.12 | 1.14 | 1.11 | 1.27 | 1.18 | 1.09 | — | — | — | — | |||||||
| Cadence Design Systems Inc. | 0.19 | 0.21 | 0.23 | 0.12 | 0.11 | 0.11 | 0.12 | 0.12 | 0.12 | 0.12 | 0.23 | 0.24 | 0.24 | 0.14 | 0.19 | 0.19 | 0.22 | — | — | — | — | |||||||
| CrowdStrike Holdings Inc. | 0.40 | 0.42 | 0.44 | 0.45 | 0.47 | 0.46 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — | — | |||||||
| International Business Machines Corp. | 0.73 | 0.70 | 0.72 | 0.72 | 0.74 | 0.73 | 0.71 | 0.72 | 0.73 | 0.75 | 0.76 | 0.76 | 0.76 | 0.75 | 0.79 | 0.81 | 0.75 | — | — | — | — | |||||||
| Intuit Inc. | 0.30 | 0.30 | 0.29 | 0.30 | 0.17 | 0.17 | 0.17 | 0.21 | 0.31 | 0.40 | 0.08 | 0.10 | 0.10 | 0.10 | 0.10 | 0.13 | 0.13 | — | — | — | — | |||||||
| Microsoft Corp. | 0.22 | 0.23 | 0.23 | 0.25 | 0.26 | 0.29 | 0.30 | 0.32 | 0.34 | 0.35 | 0.37 | 0.39 | 0.40 | 0.41 | 0.44 | 0.44 | 0.47 | — | — | — | — | |||||||
| Oracle Corp. | 1.07 | 1.09 | 1.12 | 1.15 | 1.02 | 0.94 | 0.89 | 0.90 | 0.88 | 0.86 | 0.78 | 0.77 | 0.75 | 0.72 | 0.70 | 0.65 | 0.60 | — | — | — | — | |||||||
| Palo Alto Networks Inc. | 0.88 | 0.95 | 0.92 | 0.97 | 0.88 | 0.84 | 0.76 | 0.75 | 0.81 | 0.74 | 0.66 | 0.48 | 0.49 | 0.47 | 0.52 | 0.59 | 0.56 | — | — | — | — | |||||||
| Salesforce Inc. | 0.15 | 0.15 | 0.16 | 0.19 | 0.06 | 0.06 | 0.06 | 0.07 | 0.07 | 0.07 | 0.08 | 0.15 | 0.16 | 0.17 | 0.20 | 0.21 | 0.22 | — | — | — | — | |||||||
| ServiceNow Inc. | 0.21 | 0.23 | 0.25 | 0.26 | 0.28 | 0.30 | 0.31 | 0.33 | 0.35 | 0.37 | 0.39 | 0.22 | 0.24 | 0.25 | 0.32 | 0.35 | 0.36 | — | — | — | — | |||||||
| Synopsys Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.05 | 0.07 | 0.03 | 0.03 | 0.07 | 0.13 | 0.12 | 0.16 | 0.14 | 0.15 | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 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).
1 Q1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 10,899 ÷ 30,757 = 0.35
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. | PayPal Holdings Inc. debt to capital ratio deteriorated from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |
Debt to Assets
PayPal Holdings Inc., debt to assets calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Short-term debt | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 2,499) | 1,999) | 1,998) | 2,000) | 2,000) | 3,000) | |||||||
| Current portion of long-term debt | 418) | 418) | 418) | 418) | 999) | 999) | 998) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Long-term debt, excluding current portion | 10,481) | 10,417) | 10,241) | 10,198) | 8,222) | 8,049) | 7,949) | 8,945) | 8,942) | 8,939) | 8,937) | 8,934) | 7,967) | 4,965) | 4,964) | —) | —) | —) | —) | —) | —) | |||||||
| Total debt | 10,899) | 10,835) | 10,659) | 10,616) | 9,221) | 9,048) | 8,947) | 8,945) | 8,942) | 8,939) | 8,937) | 8,934) | 7,967) | 4,965) | 4,964) | 2,499) | 1,999) | 1,998) | 2,000) | 2,000) | 3,000) | |||||||
| Total assets | 77,186) | 78,717) | 76,435) | 77,810) | 75,805) | 75,803) | 74,534) | 73,816) | 72,517) | 70,379) | 65,582) | 63,166) | 54,266) | 51,333) | 50,223) | 48,391) | 46,280) | 43,332) | 43,724) | 41,677) | 42,322) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to assets1 | 0.14 | 0.14 | 0.14 | 0.14 | 0.12 | 0.12 | 0.12 | 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 | |||||||
| 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 | — | — | — | — | |||||||
| Adobe Inc. | 0.14 | 0.15 | 0.15 | 0.16 | 0.16 | 0.15 | 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 | |||||||
| Autodesk Inc. | 0.32 | 0.31 | 0.31 | 0.22 | 0.22 | 0.22 | 0.28 | 0.28 | 0.30 | 0.34 | 0.35 | 0.38 | 0.41 | 0.44 | 0.42 | 0.41 | 0.41 | — | — | — | — | |||||||
| Cadence Design Systems Inc. | 0.13 | 0.15 | 0.16 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.09 | 0.09 | 0.17 | 0.17 | 0.18 | 0.10 | 0.13 | 0.13 | 0.16 | — | — | — | — | |||||||
| CrowdStrike Holdings Inc. | 0.19 | 0.20 | 0.22 | 0.24 | 0.26 | 0.27 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — | — | |||||||
| International Business Machines Corp. | 0.44 | 0.40 | 0.40 | 0.39 | 0.41 | 0.39 | 0.38 | 0.38 | 0.38 | 0.39 | 0.42 | 0.42 | 0.42 | 0.41 | 0.44 | 0.47 | 0.38 | — | — | — | — | |||||||
| Intuit Inc. | 0.26 | 0.25 | 0.24 | 0.26 | 0.14 | 0.13 | 0.13 | 0.16 | 0.24 | 0.31 | 0.05 | 0.06 | 0.07 | 0.07 | 0.06 | 0.08 | 0.09 | — | — | — | — | |||||||
| Microsoft Corp. | 0.14 | 0.14 | 0.14 | 0.16 | 0.16 | 0.17 | 0.19 | 0.20 | 0.21 | 0.21 | 0.23 | 0.25 | 0.25 | 0.25 | 0.28 | 0.28 | 0.30 | — | — | — | — | |||||||
| Oracle Corp. | 0.70 | 0.69 | 0.72 | 0.73 | 0.67 | 0.64 | 0.59 | 0.64 | 0.62 | 0.62 | 0.53 | 0.52 | 0.51 | 0.52 | 0.51 | 0.49 | 0.45 | — | — | — | — | |||||||
| Palo Alto Networks Inc. | 0.29 | 0.30 | 0.33 | 0.35 | 0.35 | 0.31 | 0.33 | 0.33 | 0.36 | 0.34 | 0.23 | 0.20 | 0.21 | 0.22 | 0.25 | 0.27 | 0.28 | — | — | — | — | |||||||
| Salesforce Inc. | 0.11 | 0.11 | 0.12 | 0.15 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.09 | 0.10 | 0.10 | 0.14 | 0.14 | 0.14 | — | — | — | — | |||||||
| ServiceNow Inc. | 0.11 | 0.11 | 0.13 | 0.13 | 0.14 | 0.15 | 0.17 | 0.17 | 0.18 | 0.19 | 0.22 | 0.11 | 0.11 | 0.12 | 0.14 | 0.15 | 0.15 | — | — | — | — | |||||||
| Synopsys Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.05 | 0.02 | 0.02 | 0.05 | 0.09 | 0.08 | 0.11 | 0.09 | 0.10 | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 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).
1 Q1 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 10,899 ÷ 77,186 = 0.14
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. | PayPal Holdings Inc. debt to assets ratio improved from Q3 2022 to Q4 2022 but then deteriorated significantly from Q4 2022 to Q1 2023. |
Financial Leverage
PayPal Holdings Inc., financial leverage calculation (quarterly data)
| Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Total assets | 77,186) | 78,717) | 76,435) | 77,810) | 75,805) | 75,803) | 74,534) | 73,816) | 72,517) | 70,379) | 65,582) | 63,166) | 54,266) | 51,333) | 50,223) | 48,391) | 46,280) | 43,332) | 43,724) | 41,677) | 42,322) | |||||||
| Total PayPal stockholders’ equity | 19,858) | 20,274) | 20,264) | 19,767) | 20,603) | 21,727) | 22,090) | 20,905) | 19,441) | 20,019) | 18,483) | 17,640) | 15,967) | 16,885) | 16,483) | 16,139) | 15,157) | 15,386) | 15,115) | 15,019) | 14,641) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Financial leverage1 | 3.89 | 3.88 | 3.77 | 3.94 | 3.68 | 3.49 | 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 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||||||||||||||
| Accenture PLC | 2.05 | 2.14 | 2.16 | 2.16 | 2.15 | 2.21 | 2.18 | 2.18 | 2.14 | 2.18 | 2.19 | 2.17 | 2.19 | 2.07 | 2.05 | 2.05 | 2.11 | — | — | — | — | |||||||
| Adobe Inc. | 1.88 | 1.93 | 1.86 | 1.88 | 1.89 | 1.84 | 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 | |||||||
| Autodesk Inc. | 12.13 | 10.14 | 6.67 | 5.59 | 6.47 | 7.54 | 85.78 | 85.40 | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Cadence Design Systems Inc. | 1.76 | 1.87 | 1.83 | 1.66 | 1.59 | 1.60 | 1.60 | 1.64 | 1.57 | 1.58 | 1.73 | 1.77 | 1.75 | 1.60 | 1.80 | 1.83 | 1.86 | — | — | — | — | |||||||
| CrowdStrike Holdings Inc. | 3.48 | 3.53 | 3.48 | 3.47 | 3.39 | 3.14 | 2.15 | 2.04 | 2.02 | 1.89 | 1.75 | 1.61 | 6.29 | — | — | — | — | — | — | — | — | |||||||
| International Business Machines Corp. | 6.19 | 5.80 | 6.27 | 6.57 | 7.00 | 6.98 | 6.49 | 6.69 | 6.95 | 7.57 | 7.27 | 7.50 | 7.67 | 7.30 | 8.33 | 8.76 | 7.94 | — | — | — | — | |||||||
| Intuit Inc. | 1.69 | 1.69 | 1.68 | 1.69 | 1.53 | 1.57 | 1.58 | 1.65 | 1.85 | 2.14 | 1.64 | 1.80 | 1.70 | 1.68 | 1.70 | 1.91 | 1.77 | — | — | — | — | |||||||
| Microsoft Corp. | 2.07 | 2.19 | 2.12 | 2.13 | 2.21 | 2.35 | 2.30 | 2.34 | 2.44 | 2.55 | 2.49 | 2.57 | 2.63 | 2.80 | 2.78 | 2.81 | 3.00 | — | — | — | — | |||||||
| Oracle Corp. | — | — | — | — | — | 25.03 | 13.27 | 13.90 | 11.96 | 9.56 | 6.79 | 6.33 | 5.76 | 4.99 | 4.61 | 3.87 | 3.37 | — | — | — | — | |||||||
| Palo Alto Networks Inc. | 24.69 | 58.35 | 32.88 | 88.29 | 20.09 | 16.14 | 9.59 | 9.15 | 11.68 | 8.23 | 8.73 | 4.47 | 4.50 | 4.16 | 4.31 | 5.33 | 4.63 | — | — | — | — | |||||||
| Salesforce Inc. | 1.58 | 1.64 | 1.53 | 1.60 | 1.52 | 1.60 | 1.47 | 1.50 | 1.55 | 1.63 | 1.50 | 1.94 | 2.02 | 1.97 | 1.81 | 1.91 | 2.08 | — | — | — | — | |||||||
| ServiceNow Inc. | 2.43 | 2.64 | 2.46 | 2.65 | 2.75 | 2.92 | 2.68 | 2.81 | 2.90 | 3.07 | 2.88 | 2.63 | 2.73 | 2.83 | 3.33 | 3.65 | 3.68 | — | — | — | — | |||||||
| Synopsys Inc. | 1.70 | 1.71 | 1.66 | 1.66 | 1.65 | 1.65 | 1.65 | 1.64 | 1.64 | 1.64 | 1.67 | 1.71 | 1.74 | 1.57 | 1.56 | 1.58 | 1.68 | 1.77 | 1.84 | 1.75 | 1.82 | |||||||
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 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).
1 Q1 2023 Calculation
Financial leverage = Total assets ÷ Total PayPal stockholders’ equity
= 77,186 ÷ 19,858 = 3.89
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. | PayPal Holdings Inc. financial leverage ratio increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023. |