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)
T-Mobile US Inc., solvency ratios
Based on: 10-K (reporting date: 2024-12-31), 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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | T-Mobile US Inc. debt to equity ratio deteriorated 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. | T-Mobile US Inc. debt to equity ratio (including operating lease liability) deteriorated 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. | T-Mobile US Inc. debt to capital ratio deteriorated 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. | T-Mobile US Inc. debt to capital ratio (including operating lease liability) deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | T-Mobile US Inc. debt to assets ratio deteriorated 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. | T-Mobile US Inc. debt to assets ratio (including operating lease liability) deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | T-Mobile US Inc. financial leverage ratio increased 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. | T-Mobile US Inc. interest coverage ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | T-Mobile US Inc. fixed charge coverage ratio improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Equity
T-Mobile US Inc., debt to equity calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term debt | 4,068) | 3,619) | 5,164) | 3,378) | 4,579) | |
| Short-term debt to affiliates | —) | —) | —) | 2,245) | —) | |
| Short-term financing lease liabilities | 1,175) | 1,260) | 1,161) | 1,120) | 1,063) | |
| Long-term debt | 72,700) | 69,903) | 65,301) | 67,076) | 61,830) | |
| Long-term debt to affiliates | 1,497) | 1,496) | 1,495) | 1,494) | 4,716) | |
| Long-term financing lease liabilities | 1,151) | 1,236) | 1,370) | 1,455) | 1,444) | |
| Total debt | 80,591) | 77,514) | 74,491) | 76,768) | 73,632) | |
| Stockholders’ equity | 61,741) | 64,715) | 69,656) | 69,102) | 65,344) | |
| Solvency Ratio | ||||||
| Debt to equity1 | 1.31 | 1.20 | 1.07 | 1.11 | 1.13 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| AT&T Inc. | 1.18 | 1.33 | 1.39 | 1.07 | 0.97 | |
| Verizon Communications Inc. | 1.45 | 1.63 | 1.65 | 1.84 | 1.90 | |
| Debt to Equity, Sector | ||||||
| Telecommunication Services | 1.31 | 1.40 | 1.40 | 1.28 | 1.22 | |
| Debt to Equity, Industry | ||||||
| Communication Services | 0.56 | 0.62 | 0.65 | 0.65 | 0.67 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 80,591 ÷ 61,741 = 1.31
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. | T-Mobile US Inc. debt to equity ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Debt to Equity (including Operating Lease Liability)
T-Mobile US Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term debt | 4,068) | 3,619) | 5,164) | 3,378) | 4,579) | |
| Short-term debt to affiliates | —) | —) | —) | 2,245) | —) | |
| Short-term financing lease liabilities | 1,175) | 1,260) | 1,161) | 1,120) | 1,063) | |
| Long-term debt | 72,700) | 69,903) | 65,301) | 67,076) | 61,830) | |
| Long-term debt to affiliates | 1,497) | 1,496) | 1,495) | 1,494) | 4,716) | |
| Long-term financing lease liabilities | 1,151) | 1,236) | 1,370) | 1,455) | 1,444) | |
| Total debt | 80,591) | 77,514) | 74,491) | 76,768) | 73,632) | |
| Short-term operating lease liabilities | 3,281) | 3,555) | 3,512) | 3,425) | 3,868) | |
| Long-term operating lease liabilities | 26,408) | 28,240) | 29,855) | 25,818) | 26,719) | |
| Total debt (including operating lease liability) | 110,280) | 109,309) | 107,858) | 106,011) | 104,219) | |
| Stockholders’ equity | 61,741) | 64,715) | 69,656) | 69,102) | 65,344) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 1.79 | 1.69 | 1.55 | 1.53 | 1.59 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| AT&T Inc. | 1.38 | 1.53 | 1.62 | 1.22 | 1.13 | |
| Verizon Communications Inc. | 1.70 | 1.89 | 1.93 | 2.18 | 2.22 | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Telecommunication Services | 1.59 | 1.70 | 1.71 | 1.53 | 1.48 | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Communication Services | 0.69 | 0.76 | 0.80 | 0.79 | 0.80 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 110,280 ÷ 61,741 = 1.79
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. | T-Mobile US Inc. debt to equity ratio (including operating lease liability) deteriorated from 2022 to 2023 and from 2023 to 2024. |
Debt to Capital
T-Mobile US Inc., debt to capital calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term debt | 4,068) | 3,619) | 5,164) | 3,378) | 4,579) | |
| Short-term debt to affiliates | —) | —) | —) | 2,245) | —) | |
| Short-term financing lease liabilities | 1,175) | 1,260) | 1,161) | 1,120) | 1,063) | |
| Long-term debt | 72,700) | 69,903) | 65,301) | 67,076) | 61,830) | |
| Long-term debt to affiliates | 1,497) | 1,496) | 1,495) | 1,494) | 4,716) | |
| Long-term financing lease liabilities | 1,151) | 1,236) | 1,370) | 1,455) | 1,444) | |
| Total debt | 80,591) | 77,514) | 74,491) | 76,768) | 73,632) | |
| Stockholders’ equity | 61,741) | 64,715) | 69,656) | 69,102) | 65,344) | |
| Total capital | 142,332) | 142,229) | 144,147) | 145,870) | 138,976) | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.57 | 0.54 | 0.52 | 0.53 | 0.53 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| AT&T Inc. | 0.54 | 0.57 | 0.58 | 0.52 | 0.49 | |
| Verizon Communications Inc. | 0.59 | 0.62 | 0.62 | 0.65 | 0.66 | |
| Debt to Capital, Sector | ||||||
| Telecommunication Services | 0.57 | 0.58 | 0.58 | 0.56 | 0.55 | |
| Debt to Capital, Industry | ||||||
| Communication Services | 0.36 | 0.38 | 0.39 | 0.40 | 0.40 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 80,591 ÷ 142,332 = 0.57
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. | T-Mobile US Inc. debt to capital ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Debt to Capital (including Operating Lease Liability)
T-Mobile US Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term debt | 4,068) | 3,619) | 5,164) | 3,378) | 4,579) | |
| Short-term debt to affiliates | —) | —) | —) | 2,245) | —) | |
| Short-term financing lease liabilities | 1,175) | 1,260) | 1,161) | 1,120) | 1,063) | |
| Long-term debt | 72,700) | 69,903) | 65,301) | 67,076) | 61,830) | |
| Long-term debt to affiliates | 1,497) | 1,496) | 1,495) | 1,494) | 4,716) | |
| Long-term financing lease liabilities | 1,151) | 1,236) | 1,370) | 1,455) | 1,444) | |
| Total debt | 80,591) | 77,514) | 74,491) | 76,768) | 73,632) | |
| Short-term operating lease liabilities | 3,281) | 3,555) | 3,512) | 3,425) | 3,868) | |
| Long-term operating lease liabilities | 26,408) | 28,240) | 29,855) | 25,818) | 26,719) | |
| Total debt (including operating lease liability) | 110,280) | 109,309) | 107,858) | 106,011) | 104,219) | |
| Stockholders’ equity | 61,741) | 64,715) | 69,656) | 69,102) | 65,344) | |
| Total capital (including operating lease liability) | 172,021) | 174,024) | 177,514) | 175,113) | 169,563) | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.64 | 0.63 | 0.61 | 0.61 | 0.61 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| AT&T Inc. | 0.58 | 0.61 | 0.62 | 0.55 | 0.53 | |
| Verizon Communications Inc. | 0.63 | 0.65 | 0.66 | 0.69 | 0.69 | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Telecommunication Services | 0.61 | 0.63 | 0.63 | 0.61 | 0.60 | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Communication Services | 0.41 | 0.43 | 0.44 | 0.44 | 0.44 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 110,280 ÷ 172,021 = 0.64
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. | T-Mobile US Inc. debt to capital ratio (including operating lease liability) deteriorated from 2022 to 2023 and from 2023 to 2024. |
Debt to Assets
T-Mobile US Inc., debt to assets calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term debt | 4,068) | 3,619) | 5,164) | 3,378) | 4,579) | |
| Short-term debt to affiliates | —) | —) | —) | 2,245) | —) | |
| Short-term financing lease liabilities | 1,175) | 1,260) | 1,161) | 1,120) | 1,063) | |
| Long-term debt | 72,700) | 69,903) | 65,301) | 67,076) | 61,830) | |
| Long-term debt to affiliates | 1,497) | 1,496) | 1,495) | 1,494) | 4,716) | |
| Long-term financing lease liabilities | 1,151) | 1,236) | 1,370) | 1,455) | 1,444) | |
| Total debt | 80,591) | 77,514) | 74,491) | 76,768) | 73,632) | |
| Total assets | 208,035) | 207,682) | 211,338) | 206,563) | 200,162) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.39 | 0.37 | 0.35 | 0.37 | 0.37 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| AT&T Inc. | 0.31 | 0.34 | 0.34 | 0.32 | 0.30 | |
| Verizon Communications Inc. | 0.37 | 0.40 | 0.40 | 0.41 | 0.41 | |
| Debt to Assets, Sector | ||||||
| Telecommunication Services | 0.35 | 0.37 | 0.36 | 0.36 | 0.35 | |
| Debt to Assets, Industry | ||||||
| Communication Services | 0.25 | 0.26 | 0.27 | 0.27 | 0.27 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 80,591 ÷ 208,035 = 0.39
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. | T-Mobile US Inc. debt to assets ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Debt to Assets (including Operating Lease Liability)
T-Mobile US Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term debt | 4,068) | 3,619) | 5,164) | 3,378) | 4,579) | |
| Short-term debt to affiliates | —) | —) | —) | 2,245) | —) | |
| Short-term financing lease liabilities | 1,175) | 1,260) | 1,161) | 1,120) | 1,063) | |
| Long-term debt | 72,700) | 69,903) | 65,301) | 67,076) | 61,830) | |
| Long-term debt to affiliates | 1,497) | 1,496) | 1,495) | 1,494) | 4,716) | |
| Long-term financing lease liabilities | 1,151) | 1,236) | 1,370) | 1,455) | 1,444) | |
| Total debt | 80,591) | 77,514) | 74,491) | 76,768) | 73,632) | |
| Short-term operating lease liabilities | 3,281) | 3,555) | 3,512) | 3,425) | 3,868) | |
| Long-term operating lease liabilities | 26,408) | 28,240) | 29,855) | 25,818) | 26,719) | |
| Total debt (including operating lease liability) | 110,280) | 109,309) | 107,858) | 106,011) | 104,219) | |
| Total assets | 208,035) | 207,682) | 211,338) | 206,563) | 200,162) | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.53 | 0.53 | 0.51 | 0.51 | 0.52 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| AT&T Inc. | 0.37 | 0.39 | 0.39 | 0.37 | 0.35 | |
| Verizon Communications Inc. | 0.44 | 0.46 | 0.46 | 0.49 | 0.48 | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Telecommunication Services | 0.43 | 0.44 | 0.45 | 0.43 | 0.42 | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Communication Services | 0.30 | 0.32 | 0.33 | 0.33 | 0.33 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 110,280 ÷ 208,035 = 0.53
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. | T-Mobile US Inc. debt to assets ratio (including operating lease liability) deteriorated from 2022 to 2023 and from 2023 to 2024. |
Financial Leverage
T-Mobile US Inc., financial leverage calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Total assets | 208,035) | 207,682) | 211,338) | 206,563) | 200,162) | |
| Stockholders’ equity | 61,741) | 64,715) | 69,656) | 69,102) | 65,344) | |
| Solvency Ratio | ||||||
| Financial leverage1 | 3.37 | 3.21 | 3.03 | 2.99 | 3.06 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| AT&T Inc. | 3.78 | 3.94 | 4.13 | 3.32 | 3.25 | |
| Verizon Communications Inc. | 3.88 | 4.11 | 4.17 | 4.48 | 4.66 | |
| Financial Leverage, Sector | ||||||
| Telecommunication Services | 3.72 | 3.82 | 3.85 | 3.55 | 3.54 | |
| Financial Leverage, Industry | ||||||
| Communication Services | 2.27 | 2.39 | 2.45 | 2.43 | 2.45 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 208,035 ÷ 61,741 = 3.37
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. | T-Mobile US Inc. financial leverage ratio increased from 2022 to 2023 and from 2023 to 2024. |
Interest Coverage
T-Mobile US Inc., interest coverage calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income | 11,339) | 8,317) | 2,590) | 3,024) | 3,064) | |
| Less: Income from discontinued operations, net of tax | —) | —) | —) | —) | 320) | |
| Add: Income tax expense | 3,373) | 2,682) | 556) | 327) | 786) | |
| Add: Interest expense, net | 3,411) | 3,335) | 3,364) | 3,342) | 2,701) | |
| Earnings before interest and tax (EBIT) | 18,123) | 14,334) | 6,510) | 6,693) | 6,231) | |
| Solvency Ratio | ||||||
| Interest coverage1 | 5.31 | 4.30 | 1.94 | 2.00 | 2.31 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| AT&T Inc. | 3.47 | 3.96 | 0.49 | 4.91 | 0.64 | |
| Verizon Communications Inc. | 4.46 | 4.08 | 8.82 | 9.44 | 6.64 | |
| Interest Coverage, Sector | ||||||
| Telecommunication Services | 4.23 | 4.07 | 3.16 | 5.36 | 2.66 | |
| Interest Coverage, Industry | ||||||
| Communication Services | 12.37 | 10.21 | 8.50 | 11.90 | 6.51 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Interest coverage = EBIT ÷ Interest expense
= 18,123 ÷ 3,411 = 5.31
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. | T-Mobile US Inc. interest coverage ratio improved from 2022 to 2023 and from 2023 to 2024. |
Fixed Charge Coverage
T-Mobile US Inc., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income | 11,339) | 8,317) | 2,590) | 3,024) | 3,064) | |
| Less: Income from discontinued operations, net of tax | —) | —) | —) | —) | 320) | |
| Add: Income tax expense | 3,373) | 2,682) | 556) | 327) | 786) | |
| Add: Interest expense, net | 3,411) | 3,335) | 3,364) | 3,342) | 2,701) | |
| Earnings before interest and tax (EBIT) | 18,123) | 14,334) | 6,510) | 6,693) | 6,231) | |
| Add: Operating lease expense | 4,787) | 4,987) | 6,514) | 5,921) | 4,438) | |
| Earnings before fixed charges and tax | 22,910) | 19,321) | 13,024) | 12,614) | 10,669) | |
| Interest expense, net | 3,411) | 3,335) | 3,364) | 3,342) | 2,701) | |
| Operating lease expense | 4,787) | 4,987) | 6,514) | 5,921) | 4,438) | |
| Fixed charges | 8,198) | 8,322) | 9,878) | 9,263) | 7,139) | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | 2.79 | 2.32 | 1.32 | 1.36 | 1.49 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| AT&T Inc. | 2.29 | 2.56 | 0.72 | 3.06 | 0.78 | |
| Verizon Communications Inc. | 2.87 | 2.55 | 4.16 | 4.37 | 3.59 | |
| Fixed Charge Coverage, Sector | ||||||
| Telecommunication Services | 2.63 | 2.49 | 1.92 | 2.92 | 1.80 | |
| Fixed Charge Coverage, Industry | ||||||
| Communication Services | 6.66 | 5.47 | 4.31 | 6.03 | 3.77 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 22,910 ÷ 8,198 = 2.79
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. | T-Mobile US Inc. fixed charge coverage ratio improved from 2022 to 2023 and from 2023 to 2024. |