Stock Analysis on Net
Stock Analysis on Net

Walgreens Boots Alliance Inc. (NASDAQ:WBA)

$22.49

This company has been moved to the archive! The financial data has not been updated since July 9, 2020.

Analysis of Solvency Ratios

Microsoft Excel

Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.

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Solvency Ratios (Summary)

Walgreens Boots Alliance Inc., solvency ratios

Microsoft Excel
Aug 31, 2019 Aug 31, 2018 Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014
Debt Ratios
Debt to equity
Debt to capital
Debt to assets
Financial leverage
Coverage Ratios
Interest coverage
Fixed charge coverage

Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Walgreens Boots Alliance Inc. debt to equity ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Walgreens Boots Alliance Inc. debt to capital ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Walgreens Boots Alliance Inc. debt to assets ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Walgreens Boots Alliance Inc. financial leverage ratio increased from 2017 to 2018 and from 2018 to 2019.
Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Walgreens Boots Alliance Inc. interest coverage ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Walgreens Boots Alliance Inc. fixed charge coverage ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.

Debt to Equity

Walgreens Boots Alliance Inc., debt to equity calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2019 Aug 31, 2018 Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014
Selected Financial Data (US$ in millions)
Short-term debt
Long-term debt
Total debt
 
Total Walgreens Boots Alliance, Inc. shareholders’ equity
Solvency Ratio
Debt to equity1
Benchmarks
Debt to Equity, Competitors2
Costco Wholesale Corp.
Target Corp.
Walmart Inc.
Debt to Equity, Sector
Consumer Staples Distribution & Retail
Debt to Equity, Industry
Consumer Staples

Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31).

1 2019 Calculation
Debt to equity = Total debt ÷ Total Walgreens Boots Alliance, Inc. shareholders’ equity
= ÷ =

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. Walgreens Boots Alliance Inc. debt to equity ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Debt to Capital

Walgreens Boots Alliance Inc., debt to capital calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2019 Aug 31, 2018 Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014
Selected Financial Data (US$ in millions)
Short-term debt
Long-term debt
Total debt
Total Walgreens Boots Alliance, Inc. shareholders’ equity
Total capital
Solvency Ratio
Debt to capital1
Benchmarks
Debt to Capital, Competitors2
Costco Wholesale Corp.
Target Corp.
Walmart Inc.
Debt to Capital, Sector
Consumer Staples Distribution & Retail
Debt to Capital, Industry
Consumer Staples

Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31).

1 2019 Calculation
Debt to capital = Total debt ÷ Total capital
= ÷ =

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. Walgreens Boots Alliance Inc. debt to capital ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Debt to Assets

Walgreens Boots Alliance Inc., debt to assets calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2019 Aug 31, 2018 Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014
Selected Financial Data (US$ in millions)
Short-term debt
Long-term debt
Total debt
 
Total assets
Solvency Ratio
Debt to assets1
Benchmarks
Debt to Assets, Competitors2
Costco Wholesale Corp.
Target Corp.
Walmart Inc.
Debt to Assets, Sector
Consumer Staples Distribution & Retail
Debt to Assets, Industry
Consumer Staples

Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31).

1 2019 Calculation
Debt to assets = Total debt ÷ Total assets
= ÷ =

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. Walgreens Boots Alliance Inc. debt to assets ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Financial Leverage

Walgreens Boots Alliance Inc., financial leverage calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2019 Aug 31, 2018 Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014
Selected Financial Data (US$ in millions)
Total assets
Total Walgreens Boots Alliance, Inc. shareholders’ equity
Solvency Ratio
Financial leverage1
Benchmarks
Financial Leverage, Competitors2
Costco Wholesale Corp.
Target Corp.
Walmart Inc.
Financial Leverage, Sector
Consumer Staples Distribution & Retail
Financial Leverage, Industry
Consumer Staples

Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31).

1 2019 Calculation
Financial leverage = Total assets ÷ Total Walgreens Boots Alliance, Inc. shareholders’ equity
= ÷ =

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. Walgreens Boots Alliance Inc. financial leverage ratio increased from 2017 to 2018 and from 2018 to 2019.

Interest Coverage

Walgreens Boots Alliance Inc., interest coverage calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2019 Aug 31, 2018 Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014
Selected Financial Data (US$ in millions)
Net earnings attributable to Walgreens Boots Alliance, Inc.
Add: Net income attributable to noncontrolling interest
Add: Income tax expense
Add: Interest expense, net
Earnings before interest and tax (EBIT)
Solvency Ratio
Interest coverage1
Benchmarks
Interest Coverage, Competitors2
Costco Wholesale Corp.
Target Corp.
Walmart Inc.
Interest Coverage, Sector
Consumer Staples Distribution & Retail
Interest Coverage, Industry
Consumer Staples

Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31).

1 2019 Calculation
Interest coverage = EBIT ÷ Interest expense
= ÷ =

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. Walgreens Boots Alliance Inc. interest coverage ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.

Fixed Charge Coverage

Walgreens Boots Alliance Inc., fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2019 Aug 31, 2018 Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014
Selected Financial Data (US$ in millions)
Net earnings attributable to Walgreens Boots Alliance, Inc.
Add: Net income attributable to noncontrolling interest
Add: Income tax expense
Add: Interest expense, net
Earnings before interest and tax (EBIT)
Add: Rental expense
Earnings before fixed charges and tax
 
Interest expense, net
Rental expense
Fixed charges
Solvency Ratio
Fixed charge coverage1
Benchmarks
Fixed Charge Coverage, Competitors2
Costco Wholesale Corp.
Target Corp.
Walmart Inc.
Fixed Charge Coverage, Sector
Consumer Staples Distribution & Retail
Fixed Charge Coverage, Industry
Consumer Staples

Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31).

1 2019 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= ÷ =

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. Walgreens Boots Alliance Inc. fixed charge coverage ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019.