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)
Qualcomm Inc., solvency ratios
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Qualcomm Inc. debt to equity ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Qualcomm Inc. debt to equity ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Qualcomm Inc. debt to capital ratio improved from 2022 to 2023 and from 2023 to 2024. |
| 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. | Qualcomm Inc. debt to capital ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Qualcomm Inc. debt to assets ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Qualcomm Inc. debt to assets ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Qualcomm Inc. financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Qualcomm Inc. interest coverage ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Qualcomm Inc. fixed charge coverage ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Debt to Equity
Qualcomm Inc., debt to equity calculation, comparison to benchmarks
| Sep 29, 2024 | Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Short-term debt | 1,364) | 914) | 1,945) | 2,044) | 500) | 2,496) | |
| Long-term debt | 13,270) | 14,484) | 13,537) | 13,701) | 15,226) | 13,437) | |
| Total debt | 14,634) | 15,398) | 15,482) | 15,745) | 15,726) | 15,933) | |
| Stockholders’ equity | 26,274) | 21,581) | 18,013) | 9,950) | 6,077) | 4,909) | |
| Solvency Ratio | |||||||
| Debt to equity1 | 0.56 | 0.71 | 0.86 | 1.58 | 2.59 | 3.25 | |
| Benchmarks | |||||||
| Debt to Equity, Competitors2 | |||||||
| Advanced Micro Devices Inc. | 0.03 | 0.04 | 0.05 | 0.04 | 0.06 | — | |
| Analog Devices Inc. | 0.22 | 0.20 | 0.18 | 0.18 | 0.43 | 0.47 | |
| Applied Materials Inc. | 0.33 | 0.35 | 0.45 | 0.45 | 0.52 | 0.65 | |
| Broadcom Inc. | 1.00 | 1.64 | 1.74 | 1.59 | 1.72 | 1.32 | |
| Intel Corp. | 0.50 | 0.47 | 0.41 | 0.40 | 0.45 | — | |
| KLA Corp. | 1.97 | 2.02 | 4.75 | 1.02 | 1.30 | 1.29 | |
| Lam Research Corp. | 0.58 | 0.61 | 0.80 | 0.83 | 1.12 | 0.96 | |
| Micron Technology Inc. | 0.30 | 0.30 | 0.14 | 0.15 | 0.17 | 0.16 | |
| Monolithic Power Systems Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| NVIDIA Corp. | 0.23 | 0.50 | 0.41 | 0.41 | 0.16 | — | |
| Texas Instruments Inc. | 0.80 | 0.66 | 0.60 | 0.58 | 0.74 | — | |
| Debt to Equity, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 0.46 | 0.47 | 0.43 | 0.50 | 0.62 | — | |
| Debt to Equity, Industry | |||||||
| Information Technology | 0.61 | 0.66 | 0.70 | 0.83 | 0.97 | — | |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 2024 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 14,634 ÷ 26,274 = 0.56
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. | Qualcomm Inc. debt to equity ratio improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Equity (including Operating Lease Liability)
Qualcomm Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Sep 29, 2024 | Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Short-term debt | 1,364) | 914) | 1,945) | 2,044) | 500) | 2,496) | |
| Long-term debt | 13,270) | 14,484) | 13,537) | 13,701) | 15,226) | 13,437) | |
| Total debt | 14,634) | 15,398) | 15,482) | 15,745) | 15,726) | 15,933) | |
| Operating lease liabilities (recorded in Other current liabilities) | 98) | 98) | 104) | 126) | 134) | —) | |
| Operating lease liabilities (recorded in Other liabilities) | 708) | 571) | 573) | 428) | 371) | —) | |
| Total debt (including operating lease liability) | 15,440) | 16,067) | 16,159) | 16,299) | 16,231) | 15,933) | |
| Stockholders’ equity | 26,274) | 21,581) | 18,013) | 9,950) | 6,077) | 4,909) | |
| Solvency Ratio | |||||||
| Debt to equity (including operating lease liability)1 | 0.59 | 0.74 | 0.90 | 1.64 | 2.67 | 3.25 | |
| Benchmarks | |||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||
| Advanced Micro Devices Inc. | 0.04 | 0.06 | 0.05 | 0.10 | 0.10 | — | |
| Analog Devices Inc. | 0.23 | 0.21 | 0.19 | 0.19 | 0.46 | 0.47 | |
| Applied Materials Inc. | 0.35 | 0.37 | 0.48 | 0.47 | 0.54 | 0.65 | |
| Broadcom Inc. | 1.02 | 1.65 | 1.76 | 1.61 | 1.75 | 1.32 | |
| Intel Corp. | 0.51 | 0.47 | 0.42 | 0.40 | 0.46 | — | |
| KLA Corp. | 2.02 | 2.08 | 4.83 | 1.05 | 1.34 | 1.29 | |
| Lam Research Corp. | 0.62 | 0.64 | 0.83 | 0.86 | 1.16 | 0.96 | |
| Micron Technology Inc. | 0.31 | 0.32 | 0.15 | 0.17 | 0.19 | 0.16 | |
| Monolithic Power Systems Inc. | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| NVIDIA Corp. | 0.26 | 0.54 | 0.44 | 0.46 | 0.22 | — | |
| Texas Instruments Inc. | 0.85 | 0.70 | 0.63 | 0.62 | 0.77 | — | |
| Debt to Equity (including Operating Lease Liability), Sector | |||||||
| Semiconductors & Semiconductor Equipment | 0.48 | 0.48 | 0.45 | 0.52 | 0.64 | — | |
| Debt to Equity (including Operating Lease Liability), Industry | |||||||
| Information Technology | 0.67 | 0.72 | 0.77 | 0.90 | 1.04 | — | |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 2024 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 15,440 ÷ 26,274 = 0.59
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. | Qualcomm Inc. debt to equity ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Capital
Qualcomm Inc., debt to capital calculation, comparison to benchmarks
| Sep 29, 2024 | Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Short-term debt | 1,364) | 914) | 1,945) | 2,044) | 500) | 2,496) | |
| Long-term debt | 13,270) | 14,484) | 13,537) | 13,701) | 15,226) | 13,437) | |
| Total debt | 14,634) | 15,398) | 15,482) | 15,745) | 15,726) | 15,933) | |
| Stockholders’ equity | 26,274) | 21,581) | 18,013) | 9,950) | 6,077) | 4,909) | |
| Total capital | 40,908) | 36,979) | 33,495) | 25,695) | 21,803) | 20,842) | |
| Solvency Ratio | |||||||
| Debt to capital1 | 0.36 | 0.42 | 0.46 | 0.61 | 0.72 | 0.76 | |
| Benchmarks | |||||||
| Debt to Capital, Competitors2 | |||||||
| Advanced Micro Devices Inc. | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | — | |
| Analog Devices Inc. | 0.18 | 0.16 | 0.15 | 0.15 | 0.30 | 0.32 | |
| Applied Materials Inc. | 0.25 | 0.26 | 0.31 | 0.31 | 0.34 | 0.39 | |
| Broadcom Inc. | 0.50 | 0.62 | 0.64 | 0.61 | 0.63 | 0.57 | |
| Intel Corp. | 0.34 | 0.32 | 0.29 | 0.29 | 0.31 | — | |
| KLA Corp. | 0.66 | 0.67 | 0.83 | 0.50 | 0.57 | 0.56 | |
| Lam Research Corp. | 0.37 | 0.38 | 0.44 | 0.45 | 0.53 | 0.49 | |
| Micron Technology Inc. | 0.23 | 0.23 | 0.12 | 0.13 | 0.15 | 0.14 | |
| Monolithic Power Systems Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| NVIDIA Corp. | 0.18 | 0.33 | 0.29 | 0.29 | 0.14 | — | |
| Texas Instruments Inc. | 0.45 | 0.40 | 0.37 | 0.37 | 0.43 | — | |
| Debt to Capital, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 0.32 | 0.32 | 0.30 | 0.33 | 0.38 | — | |
| Debt to Capital, Industry | |||||||
| Information Technology | 0.38 | 0.40 | 0.41 | 0.45 | 0.49 | — | |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 14,634 ÷ 40,908 = 0.36
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. | Qualcomm Inc. debt to capital ratio improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Capital (including Operating Lease Liability)
Qualcomm Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Sep 29, 2024 | Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Short-term debt | 1,364) | 914) | 1,945) | 2,044) | 500) | 2,496) | |
| Long-term debt | 13,270) | 14,484) | 13,537) | 13,701) | 15,226) | 13,437) | |
| Total debt | 14,634) | 15,398) | 15,482) | 15,745) | 15,726) | 15,933) | |
| Operating lease liabilities (recorded in Other current liabilities) | 98) | 98) | 104) | 126) | 134) | —) | |
| Operating lease liabilities (recorded in Other liabilities) | 708) | 571) | 573) | 428) | 371) | —) | |
| Total debt (including operating lease liability) | 15,440) | 16,067) | 16,159) | 16,299) | 16,231) | 15,933) | |
| Stockholders’ equity | 26,274) | 21,581) | 18,013) | 9,950) | 6,077) | 4,909) | |
| Total capital (including operating lease liability) | 41,714) | 37,648) | 34,172) | 26,249) | 22,308) | 20,842) | |
| Solvency Ratio | |||||||
| Debt to capital (including operating lease liability)1 | 0.37 | 0.43 | 0.47 | 0.62 | 0.73 | 0.76 | |
| Benchmarks | |||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||
| Advanced Micro Devices Inc. | 0.04 | 0.05 | 0.05 | 0.09 | 0.09 | — | |
| Analog Devices Inc. | 0.18 | 0.17 | 0.16 | 0.16 | 0.31 | 0.32 | |
| Applied Materials Inc. | 0.26 | 0.27 | 0.32 | 0.32 | 0.35 | 0.39 | |
| Broadcom Inc. | 0.50 | 0.62 | 0.64 | 0.62 | 0.64 | 0.57 | |
| Intel Corp. | 0.34 | 0.32 | 0.30 | 0.29 | 0.31 | — | |
| KLA Corp. | 0.67 | 0.67 | 0.83 | 0.51 | 0.57 | 0.56 | |
| Lam Research Corp. | 0.38 | 0.39 | 0.45 | 0.46 | 0.54 | 0.49 | |
| Micron Technology Inc. | 0.24 | 0.24 | 0.13 | 0.14 | 0.16 | 0.14 | |
| Monolithic Power Systems Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| NVIDIA Corp. | 0.20 | 0.35 | 0.31 | 0.31 | 0.18 | — | |
| Texas Instruments Inc. | 0.46 | 0.41 | 0.39 | 0.38 | 0.44 | — | |
| Debt to Capital (including Operating Lease Liability), Sector | |||||||
| Semiconductors & Semiconductor Equipment | 0.32 | 0.32 | 0.31 | 0.34 | 0.39 | — | |
| Debt to Capital (including Operating Lease Liability), Industry | |||||||
| Information Technology | 0.40 | 0.42 | 0.43 | 0.47 | 0.51 | — | |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 2024 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 15,440 ÷ 41,714 = 0.37
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. | Qualcomm Inc. debt to capital ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Assets
Qualcomm Inc., debt to assets calculation, comparison to benchmarks
| Sep 29, 2024 | Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Short-term debt | 1,364) | 914) | 1,945) | 2,044) | 500) | 2,496) | |
| Long-term debt | 13,270) | 14,484) | 13,537) | 13,701) | 15,226) | 13,437) | |
| Total debt | 14,634) | 15,398) | 15,482) | 15,745) | 15,726) | 15,933) | |
| Total assets | 55,154) | 51,040) | 49,014) | 41,240) | 35,594) | 32,957) | |
| Solvency Ratio | |||||||
| Debt to assets1 | 0.27 | 0.30 | 0.32 | 0.38 | 0.44 | 0.48 | |
| Benchmarks | |||||||
| Debt to Assets, Competitors2 | |||||||
| Advanced Micro Devices Inc. | 0.02 | 0.04 | 0.04 | 0.03 | 0.04 | — | |
| Analog Devices Inc. | 0.16 | 0.14 | 0.13 | 0.13 | 0.24 | 0.26 | |
| Applied Materials Inc. | 0.18 | 0.18 | 0.20 | 0.21 | 0.24 | 0.28 | |
| Broadcom Inc. | 0.41 | 0.54 | 0.54 | 0.53 | 0.54 | 0.49 | |
| Intel Corp. | 0.25 | 0.26 | 0.23 | 0.23 | 0.24 | — | |
| KLA Corp. | 0.43 | 0.42 | 0.53 | 0.34 | 0.37 | 0.38 | |
| Lam Research Corp. | 0.27 | 0.27 | 0.29 | 0.31 | 0.40 | 0.37 | |
| Micron Technology Inc. | 0.19 | 0.21 | 0.10 | 0.12 | 0.12 | 0.12 | |
| Monolithic Power Systems Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| NVIDIA Corp. | 0.15 | 0.27 | 0.25 | 0.24 | 0.11 | — | |
| Texas Instruments Inc. | 0.38 | 0.35 | 0.32 | 0.31 | 0.35 | — | |
| Debt to Assets, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 0.25 | 0.26 | 0.24 | 0.26 | 0.30 | — | |
| Debt to Assets, Industry | |||||||
| Information Technology | 0.25 | 0.26 | 0.26 | 0.29 | 0.31 | — | |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 14,634 ÷ 55,154 = 0.27
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. | Qualcomm Inc. debt to assets ratio improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Assets (including Operating Lease Liability)
Qualcomm Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Sep 29, 2024 | Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Short-term debt | 1,364) | 914) | 1,945) | 2,044) | 500) | 2,496) | |
| Long-term debt | 13,270) | 14,484) | 13,537) | 13,701) | 15,226) | 13,437) | |
| Total debt | 14,634) | 15,398) | 15,482) | 15,745) | 15,726) | 15,933) | |
| Operating lease liabilities (recorded in Other current liabilities) | 98) | 98) | 104) | 126) | 134) | —) | |
| Operating lease liabilities (recorded in Other liabilities) | 708) | 571) | 573) | 428) | 371) | —) | |
| Total debt (including operating lease liability) | 15,440) | 16,067) | 16,159) | 16,299) | 16,231) | 15,933) | |
| Total assets | 55,154) | 51,040) | 49,014) | 41,240) | 35,594) | 32,957) | |
| Solvency Ratio | |||||||
| Debt to assets (including operating lease liability)1 | 0.28 | 0.31 | 0.33 | 0.40 | 0.46 | 0.48 | |
| Benchmarks | |||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||
| Advanced Micro Devices Inc. | 0.03 | 0.05 | 0.04 | 0.06 | 0.06 | — | |
| Analog Devices Inc. | 0.17 | 0.15 | 0.14 | 0.14 | 0.25 | 0.26 | |
| Applied Materials Inc. | 0.19 | 0.20 | 0.22 | 0.22 | 0.26 | 0.28 | |
| Broadcom Inc. | 0.42 | 0.54 | 0.55 | 0.53 | 0.55 | 0.49 | |
| Intel Corp. | 0.26 | 0.26 | 0.23 | 0.23 | 0.24 | — | |
| KLA Corp. | 0.44 | 0.43 | 0.54 | 0.35 | 0.38 | 0.38 | |
| Lam Research Corp. | 0.28 | 0.28 | 0.30 | 0.33 | 0.41 | 0.37 | |
| Micron Technology Inc. | 0.20 | 0.22 | 0.11 | 0.12 | 0.13 | 0.12 | |
| Monolithic Power Systems Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| NVIDIA Corp. | 0.17 | 0.29 | 0.27 | 0.27 | 0.15 | — | |
| Texas Instruments Inc. | 0.40 | 0.36 | 0.34 | 0.33 | 0.37 | — | |
| Debt to Assets (including Operating Lease Liability), Sector | |||||||
| Semiconductors & Semiconductor Equipment | 0.26 | 0.27 | 0.25 | 0.27 | 0.31 | — | |
| Debt to Assets (including Operating Lease Liability), Industry | |||||||
| Information Technology | 0.27 | 0.28 | 0.29 | 0.31 | 0.33 | — | |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 2024 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 15,440 ÷ 55,154 = 0.28
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. | Qualcomm Inc. debt to assets ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
Financial Leverage
Qualcomm Inc., financial leverage calculation, comparison to benchmarks
| Sep 29, 2024 | Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Total assets | 55,154) | 51,040) | 49,014) | 41,240) | 35,594) | 32,957) | |
| Stockholders’ equity | 26,274) | 21,581) | 18,013) | 9,950) | 6,077) | 4,909) | |
| Solvency Ratio | |||||||
| Financial leverage1 | 2.10 | 2.37 | 2.72 | 4.14 | 5.86 | 6.71 | |
| Benchmarks | |||||||
| Financial Leverage, Competitors2 | |||||||
| Advanced Micro Devices Inc. | 1.20 | 1.21 | 1.23 | 1.66 | 1.54 | — | |
| Analog Devices Inc. | 1.37 | 1.37 | 1.38 | 1.38 | 1.79 | 1.83 | |
| Applied Materials Inc. | 1.81 | 1.88 | 2.19 | 2.11 | 2.11 | 2.32 | |
| Broadcom Inc. | 2.45 | 3.04 | 3.23 | 3.03 | 3.18 | 2.71 | |
| Intel Corp. | 1.98 | 1.81 | 1.80 | 1.77 | 1.89 | — | |
| KLA Corp. | 4.58 | 4.82 | 8.99 | 3.04 | 3.48 | 3.39 | |
| Lam Research Corp. | 2.20 | 2.29 | 2.74 | 2.64 | 2.81 | 2.57 | |
| Micron Technology Inc. | 1.54 | 1.46 | 1.33 | 1.34 | 1.38 | 1.36 | |
| Monolithic Power Systems Inc. | 1.15 | 1.19 | 1.23 | 1.27 | 1.25 | — | |
| NVIDIA Corp. | 1.53 | 1.86 | 1.66 | 1.70 | 1.42 | — | |
| Texas Instruments Inc. | 2.10 | 1.91 | 1.87 | 1.85 | 2.11 | — | |
| Financial Leverage, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 1.83 | 1.79 | 1.79 | 1.89 | 2.07 | — | |
| Financial Leverage, Industry | |||||||
| Information Technology | 2.45 | 2.55 | 2.68 | 2.89 | 3.12 | — | |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 2024 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 55,154 ÷ 26,274 = 2.10
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. | Qualcomm Inc. financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024. |
Interest Coverage
Qualcomm Inc., interest coverage calculation, comparison to benchmarks
| Sep 29, 2024 | Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net income | 10,142) | 7,232) | 12,936) | 9,043) | 5,198) | 4,386) | |
| Less: Discontinued operations, net of income taxes | 32) | (107) | (50) | —) | —) | —) | |
| Add: Income tax expense | 226) | 104) | 2,012) | 1,231) | 521) | 3,095) | |
| Add: Interest expense | 697) | 694) | 490) | 559) | 602) | 627) | |
| Earnings before interest and tax (EBIT) | 11,033) | 8,137) | 15,488) | 10,833) | 6,321) | 8,108) | |
| Solvency Ratio | |||||||
| Interest coverage1 | 15.83 | 11.72 | 31.61 | 19.38 | 10.50 | 12.93 | |
| Benchmarks | |||||||
| Interest Coverage, Competitors2 | |||||||
| Advanced Micro Devices Inc. | 22.98 | 5.79 | 14.61 | 109.09 | 28.23 | — | |
| Analog Devices Inc. | 6.52 | 14.63 | 16.46 | 8.19 | 7.79 | 7.49 | |
| Applied Materials Inc. | 34.00 | 33.42 | 34.33 | 29.69 | 18.36 | 14.79 | |
| Broadcom Inc. | 3.51 | 10.31 | 8.16 | 4.59 | 2.37 | 2.54 | |
| Intel Corp. | -9.84 | 1.87 | 16.66 | 37.35 | 40.87 | — | |
| KLA Corp. | 11.25 | 13.76 | 22.76 | 16.00 | 9.22 | 11.40 | |
| Lam Research Corp. | 24.54 | 28.40 | 29.11 | 21.95 | 15.51 | 21.86 | |
| Micron Technology Inc. | 3.19 | -13.58 | 51.66 | 35.18 | 16.41 | 56.09 | |
| Monolithic Power Systems Inc. | — | — | — | — | — | — | |
| NVIDIA Corp. | 132.59 | 16.96 | 43.12 | 24.96 | 58.12 | — | |
| Texas Instruments Inc. | 11.73 | 22.01 | 47.88 | 49.47 | 32.67 | — | |
| Interest Coverage, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 9.52 | 10.54 | 21.33 | 18.47 | 14.15 | — | |
| Interest Coverage, Industry | |||||||
| Information Technology | 19.65 | 17.77 | 22.75 | 19.95 | 14.17 | — | |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 2024 Calculation
Interest coverage = EBIT ÷ Interest expense
= 11,033 ÷ 697 = 15.83
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. | Qualcomm Inc. interest coverage ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Fixed Charge Coverage
Qualcomm Inc., fixed charge coverage calculation, comparison to benchmarks
| Sep 29, 2024 | Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net income | 10,142) | 7,232) | 12,936) | 9,043) | 5,198) | 4,386) | |
| Less: Discontinued operations, net of income taxes | 32) | (107) | (50) | —) | —) | —) | |
| Add: Income tax expense | 226) | 104) | 2,012) | 1,231) | 521) | 3,095) | |
| Add: Interest expense | 697) | 694) | 490) | 559) | 602) | 627) | |
| Earnings before interest and tax (EBIT) | 11,033) | 8,137) | 15,488) | 10,833) | 6,321) | 8,108) | |
| Add: Operating lease expense | 184) | 204) | 207) | 203) | 181) | 146) | |
| Earnings before fixed charges and tax | 11,217) | 8,341) | 15,695) | 11,036) | 6,502) | 8,254) | |
| Interest expense | 697) | 694) | 490) | 559) | 602) | 627) | |
| Operating lease expense | 184) | 204) | 207) | 203) | 181) | 146) | |
| Fixed charges | 881) | 898) | 697) | 762) | 783) | 773) | |
| Solvency Ratio | |||||||
| Fixed charge coverage1 | 12.73 | 9.29 | 22.52 | 14.48 | 8.30 | 10.68 | |
| Benchmarks | |||||||
| Fixed Charge Coverage, Competitors2 | |||||||
| Advanced Micro Devices Inc. | 9.46 | 3.18 | 6.82 | 36.00 | 13.08 | — | |
| Analog Devices Inc. | 5.55 | 11.89 | 12.87 | 6.64 | 6.48 | 5.62 | |
| Applied Materials Inc. | 34.00 | 23.69 | 24.67 | 22.50 | 14.48 | 12.35 | |
| Broadcom Inc. | 3.40 | 9.81 | 6.55 | 3.70 | 1.92 | 2.27 | |
| Intel Corp. | -7.74 | 1.59 | 7.34 | 16.56 | 25.00 | — | |
| KLA Corp. | 9.72 | 12.19 | 18.72 | 13.03 | 7.74 | 10.39 | |
| Lam Research Corp. | 17.23 | 20.49 | 21.44 | 17.80 | 12.52 | 17.83 | |
| Micron Technology Inc. | 2.75 | -9.77 | 31.49 | 22.49 | 11.10 | 32.90 | |
| Monolithic Power Systems Inc. | 147.79 | 163.49 | 195.13 | 111.93 | 114.81 | — | |
| NVIDIA Corp. | 65.29 | 10.19 | 25.61 | 14.40 | 18.89 | — | |
| Texas Instruments Inc. | 10.20 | 18.41 | 36.70 | 36.25 | 24.14 | — | |
| Fixed Charge Coverage, Sector | |||||||
| Semiconductors & Semiconductor Equipment | 8.22 | 8.41 | 14.48 | 12.79 | 10.46 | — | |
| Fixed Charge Coverage, Industry | |||||||
| Information Technology | 12.46 | 11.37 | 13.48 | 12.23 | 9.05 | — | |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 2024 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 11,217 ÷ 881 = 12.73
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. | Qualcomm Inc. fixed charge coverage ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |