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)
Accenture PLC, solvency ratios
Based on: 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Accenture PLC 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. | Accenture PLC debt to equity ratio (including operating lease liability) improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Accenture PLC 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. | Accenture PLC debt to capital ratio (including operating lease liability) improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Accenture PLC 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. | Accenture PLC debt to assets ratio (including operating lease liability) improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Accenture PLC 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. | Accenture PLC interest coverage ratio deteriorated 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. | Accenture PLC fixed charge coverage ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Debt to Equity
Accenture PLC, debt to equity calculation, comparison to benchmarks
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt and bank borrowings | 946,229) | 104,810) | 9,175) | 12,080) | 7,820) | 6,411) | |
| Long-term debt, excluding current portion | 78,628) | 43,093) | 45,893) | 53,473) | 54,052) | 16,247) | |
| Total debt | 1,024,857) | 147,903) | 55,068) | 65,553) | 61,872) | 22,658) | |
| Total Accenture plc shareholders’ equity | 28,288,646) | 25,692,839) | 22,106,097) | 19,529,454) | 17,000,536) | 14,409,008) | |
| Solvency Ratio | |||||||
| Debt to equity1 | 0.04 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Benchmarks | |||||||
| Debt to Equity, Competitors2 | |||||||
| Adobe Inc. | — | 0.22 | 0.29 | 0.28 | 0.31 | 0.39 | |
| Autodesk Inc. | 1.23 | 1.99 | 3.09 | 1.70 | — | — | |
| Cadence Design Systems Inc. | — | 0.19 | 0.27 | 0.13 | 0.14 | 0.16 | |
| CrowdStrike Holdings Inc. | 0.32 | 0.51 | 0.72 | 0.85 | 0.00 | — | |
| International Business Machines Corp. | — | 2.51 | 2.32 | 2.74 | 2.99 | 3.02 | |
| Intuit Inc. | 0.33 | 0.35 | 0.42 | 0.21 | 0.66 | 0.12 | |
| Microsoft Corp. | 0.29 | 0.31 | 0.39 | 0.50 | 0.62 | 0.77 | |
| Oracle Corp. | 9.98 | 84.33 | — | 16.08 | 5.93 | 2.58 | |
| Palo Alto Networks Inc. | 0.19 | 1.14 | 17.51 | 5.08 | 2.80 | 0.90 | |
| Salesforce Inc. | 0.17 | 0.20 | 0.19 | 0.07 | 0.09 | 0.22 | |
| ServiceNow Inc. | — | 0.20 | 0.30 | 0.43 | 0.58 | 0.33 | |
| Synopsys Inc. | — | 0.00 | 0.00 | 0.02 | 0.03 | 0.03 | |
| Debt to Equity, Sector | |||||||
| Software & Services | — | 0.65 | 0.72 | 0.84 | 0.96 | 1.06 | |
| Debt to Equity, Industry | |||||||
| Information Technology | — | 0.62 | 0.67 | 0.76 | 0.87 | 0.87 | |
Based on: 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31).
1 2024 Calculation
Debt to equity = Total debt ÷ Total Accenture plc shareholders’ equity
= 1,024,857 ÷ 28,288,646 = 0.04
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. | Accenture PLC debt to equity ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Debt to Equity (including Operating Lease Liability)
Accenture PLC, debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt and bank borrowings | 946,229) | 104,810) | 9,175) | 12,080) | 7,820) | 6,411) | |
| Long-term debt, excluding current portion | 78,628) | 43,093) | 45,893) | 53,473) | 54,052) | 16,247) | |
| Total debt | 1,024,857) | 147,903) | 55,068) | 65,553) | 61,872) | 22,658) | |
| Current operating lease liabilities | 726,202) | 690,417) | 707,598) | 744,164) | 756,057) | —) | |
| Non-current operating lease liabilities | 2,369,490) | 2,310,714) | 2,563,090) | 2,696,917) | 2,667,584) | —) | |
| Total debt (including operating lease liability) | 4,120,549) | 3,149,034) | 3,325,756) | 3,506,634) | 3,485,513) | 22,658) | |
| Total Accenture plc shareholders’ equity | 28,288,646) | 25,692,839) | 22,106,097) | 19,529,454) | 17,000,536) | 14,409,008) | |
| Solvency Ratio | |||||||
| Debt to equity (including operating lease liability)1 | 0.15 | 0.12 | 0.15 | 0.18 | 0.21 | 0.00 | |
| Benchmarks | |||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||
| Adobe Inc. | — | 0.25 | 0.33 | 0.32 | 0.35 | 0.39 | |
| Autodesk Inc. | 1.42 | 2.33 | 3.60 | 2.18 | — | — | |
| Cadence Design Systems Inc. | — | 0.24 | 0.34 | 0.18 | 0.20 | 0.22 | |
| CrowdStrike Holdings Inc. | 0.34 | 0.54 | 0.76 | 0.89 | 0.00 | — | |
| International Business Machines Corp. | — | 2.66 | 2.46 | 2.92 | 3.23 | 3.27 | |
| Intuit Inc. | 0.36 | 0.39 | 0.46 | 0.25 | 0.71 | 0.12 | |
| Microsoft Corp. | 0.36 | 0.39 | 0.47 | 0.58 | 0.69 | 0.84 | |
| Oracle Corp. | 10.85 | 88.84 | — | 16.61 | 6.10 | 2.58 | |
| Palo Alto Networks Inc. | 0.27 | 1.33 | 19.12 | 5.68 | 3.16 | 0.90 | |
| Salesforce Inc. | 0.23 | 0.25 | 0.25 | 0.15 | 0.18 | 0.22 | |
| ServiceNow Inc. | — | 0.30 | 0.44 | 0.60 | 0.75 | 0.53 | |
| Synopsys Inc. | — | 0.11 | 0.12 | 0.13 | 0.14 | 0.03 | |
| Debt to Equity (including Operating Lease Liability), Sector | |||||||
| Software & Services | — | 0.74 | 0.82 | 0.94 | 1.08 | 1.13 | |
| Debt to Equity (including Operating Lease Liability), Industry | |||||||
| Information Technology | — | 0.68 | 0.73 | 0.83 | 0.94 | 0.90 | |
Based on: 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31).
1 2024 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Accenture plc shareholders’ equity
= 4,120,549 ÷ 28,288,646 = 0.15
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. | Accenture PLC debt to equity ratio (including operating lease liability) improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
Debt to Capital
Accenture PLC, debt to capital calculation, comparison to benchmarks
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt and bank borrowings | 946,229) | 104,810) | 9,175) | 12,080) | 7,820) | 6,411) | |
| Long-term debt, excluding current portion | 78,628) | 43,093) | 45,893) | 53,473) | 54,052) | 16,247) | |
| Total debt | 1,024,857) | 147,903) | 55,068) | 65,553) | 61,872) | 22,658) | |
| Total Accenture plc shareholders’ equity | 28,288,646) | 25,692,839) | 22,106,097) | 19,529,454) | 17,000,536) | 14,409,008) | |
| Total capital | 29,313,503) | 25,840,742) | 22,161,165) | 19,595,007) | 17,062,408) | 14,431,666) | |
| Solvency Ratio | |||||||
| Debt to capital1 | 0.03 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Benchmarks | |||||||
| Debt to Capital, Competitors2 | |||||||
| Adobe Inc. | — | 0.18 | 0.23 | 0.22 | 0.24 | 0.28 | |
| Autodesk Inc. | 0.55 | 0.67 | 0.76 | 0.63 | 1.07 | 1.11 | |
| Cadence Design Systems Inc. | — | 0.16 | 0.21 | 0.11 | 0.12 | 0.14 | |
| CrowdStrike Holdings Inc. | 0.24 | 0.34 | 0.42 | 0.46 | 0.00 | — | |
| International Business Machines Corp. | — | 0.72 | 0.70 | 0.73 | 0.75 | 0.75 | |
| Intuit Inc. | 0.25 | 0.26 | 0.30 | 0.17 | 0.40 | 0.10 | |
| Microsoft Corp. | 0.23 | 0.24 | 0.28 | 0.33 | 0.38 | 0.43 | |
| Oracle Corp. | 0.91 | 0.99 | 1.09 | 0.94 | 0.86 | 0.72 | |
| Palo Alto Networks Inc. | 0.16 | 0.53 | 0.95 | 0.84 | 0.74 | 0.47 | |
| Salesforce Inc. | 0.15 | 0.16 | 0.16 | 0.06 | 0.08 | 0.18 | |
| ServiceNow Inc. | — | 0.16 | 0.23 | 0.30 | 0.37 | 0.25 | |
| Synopsys Inc. | — | 0.00 | 0.00 | 0.02 | 0.03 | 0.03 | |
| Debt to Capital, Sector | |||||||
| Software & Services | — | 0.39 | 0.42 | 0.46 | 0.49 | 0.51 | |
| Debt to Capital, Industry | |||||||
| Information Technology | — | 0.38 | 0.40 | 0.43 | 0.47 | 0.46 | |
Based on: 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31).
1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 1,024,857 ÷ 29,313,503 = 0.03
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. | Accenture PLC debt to capital ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Debt to Capital (including Operating Lease Liability)
Accenture PLC, debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt and bank borrowings | 946,229) | 104,810) | 9,175) | 12,080) | 7,820) | 6,411) | |
| Long-term debt, excluding current portion | 78,628) | 43,093) | 45,893) | 53,473) | 54,052) | 16,247) | |
| Total debt | 1,024,857) | 147,903) | 55,068) | 65,553) | 61,872) | 22,658) | |
| Current operating lease liabilities | 726,202) | 690,417) | 707,598) | 744,164) | 756,057) | —) | |
| Non-current operating lease liabilities | 2,369,490) | 2,310,714) | 2,563,090) | 2,696,917) | 2,667,584) | —) | |
| Total debt (including operating lease liability) | 4,120,549) | 3,149,034) | 3,325,756) | 3,506,634) | 3,485,513) | 22,658) | |
| Total Accenture plc shareholders’ equity | 28,288,646) | 25,692,839) | 22,106,097) | 19,529,454) | 17,000,536) | 14,409,008) | |
| Total capital (including operating lease liability) | 32,409,195) | 28,841,873) | 25,431,853) | 23,036,088) | 20,486,049) | 14,431,666) | |
| Solvency Ratio | |||||||
| Debt to capital (including operating lease liability)1 | 0.13 | 0.11 | 0.13 | 0.15 | 0.17 | 0.00 | |
| Benchmarks | |||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||
| Adobe Inc. | — | 0.20 | 0.25 | 0.24 | 0.26 | 0.28 | |
| Autodesk Inc. | 0.59 | 0.70 | 0.78 | 0.69 | 1.06 | 1.11 | |
| Cadence Design Systems Inc. | — | 0.19 | 0.25 | 0.15 | 0.17 | 0.18 | |
| CrowdStrike Holdings Inc. | 0.26 | 0.35 | 0.43 | 0.47 | 0.00 | — | |
| International Business Machines Corp. | — | 0.73 | 0.71 | 0.74 | 0.76 | 0.77 | |
| Intuit Inc. | 0.26 | 0.28 | 0.31 | 0.20 | 0.42 | 0.10 | |
| Microsoft Corp. | 0.27 | 0.28 | 0.32 | 0.37 | 0.41 | 0.46 | |
| Oracle Corp. | 0.92 | 0.99 | 1.08 | 0.94 | 0.86 | 0.72 | |
| Palo Alto Networks Inc. | 0.21 | 0.57 | 0.95 | 0.85 | 0.76 | 0.47 | |
| Salesforce Inc. | 0.19 | 0.20 | 0.20 | 0.13 | 0.16 | 0.18 | |
| ServiceNow Inc. | — | 0.23 | 0.31 | 0.37 | 0.43 | 0.35 | |
| Synopsys Inc. | — | 0.10 | 0.11 | 0.11 | 0.12 | 0.03 | |
| Debt to Capital (including Operating Lease Liability), Sector | |||||||
| Software & Services | — | 0.43 | 0.45 | 0.49 | 0.52 | 0.53 | |
| Debt to Capital (including Operating Lease Liability), Industry | |||||||
| Information Technology | — | 0.41 | 0.42 | 0.45 | 0.49 | 0.47 | |
Based on: 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31).
1 2024 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 4,120,549 ÷ 32,409,195 = 0.13
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. | Accenture PLC debt to capital ratio (including operating lease liability) improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
Debt to Assets
Accenture PLC, debt to assets calculation, comparison to benchmarks
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt and bank borrowings | 946,229) | 104,810) | 9,175) | 12,080) | 7,820) | 6,411) | |
| Long-term debt, excluding current portion | 78,628) | 43,093) | 45,893) | 53,473) | 54,052) | 16,247) | |
| Total debt | 1,024,857) | 147,903) | 55,068) | 65,553) | 61,872) | 22,658) | |
| Total assets | 55,932,363) | 51,245,305) | 47,263,390) | 43,175,843) | 37,078,593) | 29,789,880) | |
| Solvency Ratio | |||||||
| Debt to assets1 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Benchmarks | |||||||
| Debt to Assets, Competitors2 | |||||||
| Adobe Inc. | — | 0.12 | 0.15 | 0.15 | 0.17 | 0.20 | |
| Autodesk Inc. | 0.23 | 0.24 | 0.31 | 0.22 | 0.34 | 0.44 | |
| Cadence Design Systems Inc. | — | 0.11 | 0.15 | 0.08 | 0.09 | 0.10 | |
| CrowdStrike Holdings Inc. | 0.11 | 0.15 | 0.20 | 0.27 | 0.00 | — | |
| International Business Machines Corp. | — | 0.42 | 0.40 | 0.39 | 0.39 | 0.41 | |
| Intuit Inc. | 0.19 | 0.22 | 0.25 | 0.13 | 0.31 | 0.07 | |
| Microsoft Corp. | 0.15 | 0.16 | 0.18 | 0.21 | 0.24 | 0.27 | |
| Oracle Corp. | 0.62 | 0.67 | 0.69 | 0.64 | 0.62 | 0.52 | |
| Palo Alto Networks Inc. | 0.05 | 0.14 | 0.30 | 0.31 | 0.34 | 0.22 | |
| Salesforce Inc. | 0.10 | 0.12 | 0.12 | 0.04 | 0.06 | 0.11 | |
| ServiceNow Inc. | — | 0.09 | 0.11 | 0.15 | 0.19 | 0.12 | |
| Synopsys Inc. | — | 0.00 | 0.00 | 0.01 | 0.02 | 0.02 | |
| Debt to Assets, Sector | |||||||
| Software & Services | — | 0.25 | 0.26 | 0.28 | 0.30 | 0.32 | |
| Debt to Assets, Industry | |||||||
| Information Technology | — | 0.26 | 0.26 | 0.28 | 0.30 | 0.30 | |
Based on: 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31).
1 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 1,024,857 ÷ 55,932,363 = 0.02
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. | Accenture PLC debt to assets ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Debt to Assets (including Operating Lease Liability)
Accenture PLC, debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt and bank borrowings | 946,229) | 104,810) | 9,175) | 12,080) | 7,820) | 6,411) | |
| Long-term debt, excluding current portion | 78,628) | 43,093) | 45,893) | 53,473) | 54,052) | 16,247) | |
| Total debt | 1,024,857) | 147,903) | 55,068) | 65,553) | 61,872) | 22,658) | |
| Current operating lease liabilities | 726,202) | 690,417) | 707,598) | 744,164) | 756,057) | —) | |
| Non-current operating lease liabilities | 2,369,490) | 2,310,714) | 2,563,090) | 2,696,917) | 2,667,584) | —) | |
| Total debt (including operating lease liability) | 4,120,549) | 3,149,034) | 3,325,756) | 3,506,634) | 3,485,513) | 22,658) | |
| Total assets | 55,932,363) | 51,245,305) | 47,263,390) | 43,175,843) | 37,078,593) | 29,789,880) | |
| Solvency Ratio | |||||||
| Debt to assets (including operating lease liability)1 | 0.07 | 0.06 | 0.07 | 0.08 | 0.09 | 0.00 | |
| Benchmarks | |||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||
| Adobe Inc. | — | 0.14 | 0.17 | 0.17 | 0.19 | 0.20 | |
| Autodesk Inc. | 0.26 | 0.28 | 0.36 | 0.29 | 0.41 | 0.44 | |
| Cadence Design Systems Inc. | — | 0.14 | 0.18 | 0.11 | 0.13 | 0.14 | |
| CrowdStrike Holdings Inc. | 0.12 | 0.16 | 0.21 | 0.29 | 0.00 | — | |
| International Business Machines Corp. | — | 0.44 | 0.42 | 0.42 | 0.43 | 0.45 | |
| Intuit Inc. | 0.20 | 0.24 | 0.27 | 0.16 | 0.33 | 0.07 | |
| Microsoft Corp. | 0.19 | 0.19 | 0.21 | 0.25 | 0.27 | 0.30 | |
| Oracle Corp. | 0.67 | 0.71 | 0.73 | 0.66 | 0.64 | 0.52 | |
| Palo Alto Networks Inc. | 0.07 | 0.16 | 0.33 | 0.35 | 0.38 | 0.22 | |
| Salesforce Inc. | 0.14 | 0.15 | 0.15 | 0.10 | 0.11 | 0.11 | |
| ServiceNow Inc. | — | 0.13 | 0.17 | 0.21 | 0.24 | 0.19 | |
| Synopsys Inc. | — | 0.07 | 0.07 | 0.08 | 0.08 | 0.02 | |
| Debt to Assets (including Operating Lease Liability), Sector | |||||||
| Software & Services | — | 0.29 | 0.30 | 0.32 | 0.34 | 0.34 | |
| Debt to Assets (including Operating Lease Liability), Industry | |||||||
| Information Technology | — | 0.28 | 0.29 | 0.31 | 0.33 | 0.31 | |
Based on: 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31).
1 2024 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 4,120,549 ÷ 55,932,363 = 0.07
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. | Accenture PLC debt to assets ratio (including operating lease liability) improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Financial Leverage
Accenture PLC, financial leverage calculation, comparison to benchmarks
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Total assets | 55,932,363) | 51,245,305) | 47,263,390) | 43,175,843) | 37,078,593) | 29,789,880) | |
| Total Accenture plc shareholders’ equity | 28,288,646) | 25,692,839) | 22,106,097) | 19,529,454) | 17,000,536) | 14,409,008) | |
| Solvency Ratio | |||||||
| Financial leverage1 | 1.98 | 1.99 | 2.14 | 2.21 | 2.18 | 2.07 | |
| Benchmarks | |||||||
| Financial Leverage, Competitors2 | |||||||
| Adobe Inc. | — | 1.80 | 1.93 | 1.84 | 1.83 | 1.97 | |
| Autodesk Inc. | 5.34 | 8.24 | 10.14 | 7.54 | — | — | |
| Cadence Design Systems Inc. | — | 1.67 | 1.87 | 1.60 | 1.58 | 1.60 | |
| CrowdStrike Holdings Inc. | 2.88 | 3.43 | 3.53 | 3.14 | 1.89 | — | |
| International Business Machines Corp. | — | 6.00 | 5.80 | 6.98 | 7.57 | 7.30 | |
| Intuit Inc. | 1.74 | 1.61 | 1.69 | 1.57 | 2.14 | 1.68 | |
| Microsoft Corp. | 1.91 | 2.00 | 2.19 | 2.35 | 2.55 | 2.80 | |
| Oracle Corp. | 16.20 | 125.24 | — | 25.03 | 9.56 | 4.99 | |
| Palo Alto Networks Inc. | 3.87 | 8.29 | 58.35 | 16.14 | 8.23 | 4.16 | |
| Salesforce Inc. | 1.67 | 1.69 | 1.64 | 1.60 | 1.63 | 1.97 | |
| ServiceNow Inc. | — | 2.28 | 2.64 | 2.92 | 3.07 | 2.83 | |
| Synopsys Inc. | — | 1.68 | 1.71 | 1.65 | 1.64 | 1.57 | |
| Financial Leverage, Sector | |||||||
| Software & Services | — | 2.58 | 2.76 | 2.98 | 3.18 | 3.33 | |
| Financial Leverage, Industry | |||||||
| Information Technology | — | 2.44 | 2.56 | 2.71 | 2.90 | 2.86 | |
Based on: 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31).
1 2024 Calculation
Financial leverage = Total assets ÷ Total Accenture plc shareholders’ equity
= 55,932,363 ÷ 28,288,646 = 1.98
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. | Accenture PLC financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024. |
Interest Coverage
Accenture PLC, interest coverage calculation, comparison to benchmarks
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income attributable to Accenture plc | 7,264,787) | 6,871,557) | 6,877,169) | 5,906,809) | 5,107,839) | 4,779,112) | |
| Add: Net income attributable to noncontrolling interest | 154,410) | 131,973) | 111,791) | 83,736) | 77,474) | 67,129) | |
| Add: Income tax expense | 2,280,126) | 2,135,802) | 2,207,207) | 1,770,571) | 1,589,018) | 1,405,556) | |
| Add: Interest expense | 58,969) | 47,525) | 47,320) | 59,492) | 33,071) | 22,963) | |
| Earnings before interest and tax (EBIT) | 9,758,292) | 9,186,857) | 9,243,487) | 7,820,608) | 6,807,402) | 6,274,760) | |
| Solvency Ratio | |||||||
| Interest coverage1 | 165.48 | 193.31 | 195.34 | 131.46 | 205.84 | 273.26 | |
| Benchmarks | |||||||
| Interest Coverage, Competitors2 | |||||||
| Adobe Inc. | — | 61.17 | 54.64 | 51.49 | 37.00 | 21.38 | |
| Autodesk Inc. | — | 14.32 | 9.69 | 11.70 | 6.46 | 0.18 | |
| Cadence Design Systems Inc. | — | 36.43 | 46.58 | 46.26 | 31.50 | 26.44 | |
| CrowdStrike Holdings Inc. | 5.77 | -5.31 | -5.34 | -55.36 | -315.25 | — | |
| International Business Machines Corp. | — | 6.42 | 1.97 | 5.20 | 4.62 | 8.58 | |
| Intuit Inc. | 15.67 | 13.05 | 32.38 | 89.14 | 158.00 | 126.40 | |
| Microsoft Corp. | 37.72 | 46.38 | 41.58 | 31.31 | 21.47 | 17.27 | |
| Oracle Corp. | 4.39 | 3.65 | 3.84 | 6.28 | 7.13 | 6.97 | |
| Palo Alto Networks Inc. | 120.07 | 21.82 | -6.56 | -1.85 | -1.61 | 0.11 | |
| Salesforce Inc. | 20.49 | 3.30 | 8.09 | 24.28 | 7.42 | 8.80 | |
| ServiceNow Inc. | — | 43.00 | 15.78 | 9.89 | 5.56 | 3.02 | |
| Synopsys Inc. | — | 1,106.08 | 657.96 | 240.38 | 125.16 | 47.79 | |
| Interest Coverage, Sector | |||||||
| Software & Services | — | 17.56 | 18.23 | 17.67 | 14.41 | 13.00 | |
| Interest Coverage, Industry | |||||||
| Information Technology | — | 18.86 | 24.65 | 23.05 | 16.83 | 15.85 | |
Based on: 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31).
1 2024 Calculation
Interest coverage = EBIT ÷ Interest expense
= 9,758,292 ÷ 58,969 = 165.48
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. | Accenture PLC interest coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Fixed Charge Coverage
Accenture PLC, fixed charge coverage calculation, comparison to benchmarks
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income attributable to Accenture plc | 7,264,787) | 6,871,557) | 6,877,169) | 5,906,809) | 5,107,839) | 4,779,112) | |
| Add: Net income attributable to noncontrolling interest | 154,410) | 131,973) | 111,791) | 83,736) | 77,474) | 67,129) | |
| Add: Income tax expense | 2,280,126) | 2,135,802) | 2,207,207) | 1,770,571) | 1,589,018) | 1,405,556) | |
| Add: Interest expense | 58,969) | 47,525) | 47,320) | 59,492) | 33,071) | 22,963) | |
| Earnings before interest and tax (EBIT) | 9,758,292) | 9,186,857) | 9,243,487) | 7,820,608) | 6,807,402) | 6,274,760) | |
| Add: Operating lease cost | 719,434) | 868,082) | 769,806) | 765,232) | 749,233) | 666,461) | |
| Earnings before fixed charges and tax | 10,477,726) | 10,054,939) | 10,013,293) | 8,585,840) | 7,556,635) | 6,941,221) | |
| Interest expense | 58,969) | 47,525) | 47,320) | 59,492) | 33,071) | 22,963) | |
| Operating lease cost | 719,434) | 868,082) | 769,806) | 765,232) | 749,233) | 666,461) | |
| Fixed charges | 778,403) | 915,607) | 817,126) | 824,724) | 782,304) | 689,424) | |
| Solvency Ratio | |||||||
| Fixed charge coverage1 | 13.46 | 10.98 | 12.25 | 10.41 | 9.66 | 10.07 | |
| Benchmarks | |||||||
| Fixed Charge Coverage, Competitors2 | |||||||
| Adobe Inc. | — | 30.56 | 26.79 | 25.59 | 18.77 | 10.78 | |
| Autodesk Inc. | 26.24 | 7.06 | 4.46 | 4.58 | 3.09 | 0.62 | |
| Cadence Design Systems Inc. | — | 14.79 | 15.50 | 13.77 | 11.46 | 9.95 | |
| CrowdStrike Holdings Inc. | 3.98 | -3.39 | -3.39 | -6.40 | -12.01 | — | |
| International Business Machines Corp. | — | 4.32 | 1.52 | 3.13 | 2.62 | 4.41 | |
| Intuit Inc. | 11.14 | 9.03 | 14.67 | 25.58 | 27.48 | 34.00 | |
| Microsoft Corp. | 17.61 | 19.44 | 19.50 | 16.90 | 12.44 | 10.94 | |
| Oracle Corp. | 3.53 | 3.12 | 3.22 | 5.17 | 5.68 | 5.50 | |
| Palo Alto Networks Inc. | 12.78 | 7.20 | -1.18 | -1.09 | -0.52 | 0.41 | |
| Salesforce Inc. | 4.82 | 1.52 | 2.18 | 2.94 | 1.69 | 3.00 | |
| ServiceNow Inc. | — | 7.59 | 3.87 | 2.95 | 2.29 | 1.69 | |
| Synopsys Inc. | — | 14.38 | 12.91 | 9.29 | 7.46 | 6.30 | |
| Fixed Charge Coverage, Sector | |||||||
| Software & Services | — | 9.63 | 9.53 | 9.38 | 7.64 | 7.52 | |
| Fixed Charge Coverage, Industry | |||||||
| Information Technology | — | 11.88 | 14.17 | 13.49 | 10.22 | 10.45 | |
Based on: 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31).
1 2024 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 10,477,726 ÷ 778,403 = 13.46
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. | Accenture PLC fixed charge coverage ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |