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)
Builders FirstSource Inc., solvency ratios
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Builders FirstSource Inc. debt to equity ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Builders FirstSource Inc. debt to equity ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Builders FirstSource Inc. debt to capital ratio improved from 2020 to 2021 and from 2021 to 2022. |
| 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. | Builders FirstSource Inc. debt to capital ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Builders FirstSource Inc. debt to assets ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Builders FirstSource Inc. debt to assets ratio (including operating lease liability) improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Builders FirstSource Inc. financial leverage ratio decreased from 2020 to 2021 and from 2021 to 2022. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Builders FirstSource Inc. interest coverage ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Builders FirstSource Inc. fixed charge coverage ratio improved from 2020 to 2021 and from 2021 to 2022. |
Debt to Equity
Builders FirstSource Inc., debt to equity calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current maturities of long-term debt | 6,355) | 3,660) | 27,335) | 13,875) | 15,565) | |
| Long-term debt, net of current maturities, discounts and issuance costs | 2,977,842) | 2,926,122) | 1,596,905) | 1,277,398) | 1,545,729) | |
| Total debt | 2,984,197) | 2,929,782) | 1,624,240) | 1,291,273) | 1,561,294) | |
| Stockholders’ equity | 4,962,566) | 4,802,481) | 1,152,783) | 824,953) | 596,338) | |
| Solvency Ratio | ||||||
| Debt to equity1 | 0.60 | 0.61 | 1.41 | 1.57 | 2.62 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| Boeing Co. | — | — | — | — | — | |
| Caterpillar Inc. | 2.33 | 2.29 | 2.42 | 2.58 | — | |
| Eaton Corp. plc | 0.51 | 0.52 | 0.54 | 0.52 | — | |
| GE Aerospace | 0.89 | 0.87 | 2.11 | 3.21 | — | |
| Honeywell International Inc. | 1.17 | 1.06 | 1.28 | 0.87 | — | |
| Lockheed Martin Corp. | 1.68 | 1.07 | 2.02 | 4.05 | — | |
| RTX Corp. | 0.44 | 0.43 | 0.44 | 1.04 | — | |
| Debt to Equity, Sector | ||||||
| Capital Goods | 1.33 | 1.26 | 1.75 | 2.08 | — | |
| Debt to Equity, Industry | ||||||
| Industrials | 1.32 | 1.25 | 1.73 | 1.86 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 2,984,197 ÷ 4,962,566 = 0.60
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. | Builders FirstSource Inc. debt to equity ratio improved from 2020 to 2021 and from 2021 to 2022. |
Debt to Equity (including Operating Lease Liability)
Builders FirstSource Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current maturities of long-term debt | 6,355) | 3,660) | 27,335) | 13,875) | 15,565) | |
| Long-term debt, net of current maturities, discounts and issuance costs | 2,977,842) | 2,926,122) | 1,596,905) | 1,277,398) | 1,545,729) | |
| Total debt | 2,984,197) | 2,929,782) | 1,624,240) | 1,291,273) | 1,561,294) | |
| Current portion of operating lease liabilities | 100,758) | 96,680) | 61,625) | 61,653) | —) | |
| Noncurrent portion of operating lease liabilities | 404,463) | 375,289) | 219,239) | 236,948) | —) | |
| Total debt (including operating lease liability) | 3,489,418) | 3,401,751) | 1,905,104) | 1,589,874) | 1,561,294) | |
| Stockholders’ equity | 4,962,566) | 4,802,481) | 1,152,783) | 824,953) | 596,338) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 0.70 | 0.71 | 1.65 | 1.93 | 2.62 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| Boeing Co. | — | — | — | — | — | |
| Caterpillar Inc. | 2.37 | 2.33 | 2.46 | 2.62 | — | |
| Eaton Corp. plc | 0.54 | 0.55 | 0.57 | 0.55 | — | |
| GE Aerospace | 0.96 | 0.94 | 2.20 | 3.32 | — | |
| Honeywell International Inc. | 1.23 | 1.11 | 1.32 | 0.90 | — | |
| Lockheed Martin Corp. | 1.81 | 1.19 | 2.21 | 4.40 | — | |
| RTX Corp. | 0.47 | 0.46 | 0.47 | 1.11 | — | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Capital Goods | 1.39 | 1.32 | 1.81 | 2.17 | — | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Industrials | 1.47 | 1.39 | 1.89 | 1.96 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 3,489,418 ÷ 4,962,566 = 0.70
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. | Builders FirstSource Inc. debt to equity ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022. |
Debt to Capital
Builders FirstSource Inc., debt to capital calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current maturities of long-term debt | 6,355) | 3,660) | 27,335) | 13,875) | 15,565) | |
| Long-term debt, net of current maturities, discounts and issuance costs | 2,977,842) | 2,926,122) | 1,596,905) | 1,277,398) | 1,545,729) | |
| Total debt | 2,984,197) | 2,929,782) | 1,624,240) | 1,291,273) | 1,561,294) | |
| Stockholders’ equity | 4,962,566) | 4,802,481) | 1,152,783) | 824,953) | 596,338) | |
| Total capital | 7,946,763) | 7,732,263) | 2,777,023) | 2,116,226) | 2,157,632) | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.38 | 0.38 | 0.58 | 0.61 | 0.72 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| Boeing Co. | 1.39 | 1.35 | 1.40 | 1.46 | — | |
| Caterpillar Inc. | 0.70 | 0.70 | 0.71 | 0.72 | — | |
| Eaton Corp. plc | 0.34 | 0.34 | 0.35 | 0.34 | — | |
| GE Aerospace | 0.47 | 0.47 | 0.68 | 0.76 | — | |
| Honeywell International Inc. | 0.54 | 0.51 | 0.56 | 0.46 | — | |
| Lockheed Martin Corp. | 0.63 | 0.52 | 0.67 | 0.80 | — | |
| RTX Corp. | 0.31 | 0.30 | 0.31 | 0.51 | — | |
| Debt to Capital, Sector | ||||||
| Capital Goods | 0.57 | 0.56 | 0.64 | 0.68 | — | |
| Debt to Capital, Industry | ||||||
| Industrials | 0.57 | 0.56 | 0.63 | 0.65 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 2,984,197 ÷ 7,946,763 = 0.38
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. | Builders FirstSource Inc. debt to capital ratio improved from 2020 to 2021 and from 2021 to 2022. |
Debt to Capital (including Operating Lease Liability)
Builders FirstSource Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current maturities of long-term debt | 6,355) | 3,660) | 27,335) | 13,875) | 15,565) | |
| Long-term debt, net of current maturities, discounts and issuance costs | 2,977,842) | 2,926,122) | 1,596,905) | 1,277,398) | 1,545,729) | |
| Total debt | 2,984,197) | 2,929,782) | 1,624,240) | 1,291,273) | 1,561,294) | |
| Current portion of operating lease liabilities | 100,758) | 96,680) | 61,625) | 61,653) | —) | |
| Noncurrent portion of operating lease liabilities | 404,463) | 375,289) | 219,239) | 236,948) | —) | |
| Total debt (including operating lease liability) | 3,489,418) | 3,401,751) | 1,905,104) | 1,589,874) | 1,561,294) | |
| Stockholders’ equity | 4,962,566) | 4,802,481) | 1,152,783) | 824,953) | 596,338) | |
| Total capital (including operating lease liability) | 8,451,984) | 8,204,232) | 3,057,887) | 2,414,827) | 2,157,632) | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.41 | 0.41 | 0.62 | 0.66 | 0.72 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| Boeing Co. | 1.37 | 1.34 | 1.39 | 1.43 | — | |
| Caterpillar Inc. | 0.70 | 0.70 | 0.71 | 0.72 | — | |
| Eaton Corp. plc | 0.35 | 0.36 | 0.36 | 0.35 | — | |
| GE Aerospace | 0.49 | 0.49 | 0.69 | 0.77 | — | |
| Honeywell International Inc. | 0.55 | 0.53 | 0.57 | 0.47 | — | |
| Lockheed Martin Corp. | 0.64 | 0.54 | 0.69 | 0.81 | — | |
| RTX Corp. | 0.32 | 0.31 | 0.32 | 0.53 | — | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Capital Goods | 0.58 | 0.57 | 0.64 | 0.68 | — | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Industrials | 0.60 | 0.58 | 0.65 | 0.66 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 3,489,418 ÷ 8,451,984 = 0.41
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. | Builders FirstSource Inc. debt to capital ratio (including operating lease liability) improved from 2020 to 2021 and from 2021 to 2022. |
Debt to Assets
Builders FirstSource Inc., debt to assets calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current maturities of long-term debt | 6,355) | 3,660) | 27,335) | 13,875) | 15,565) | |
| Long-term debt, net of current maturities, discounts and issuance costs | 2,977,842) | 2,926,122) | 1,596,905) | 1,277,398) | 1,545,729) | |
| Total debt | 2,984,197) | 2,929,782) | 1,624,240) | 1,291,273) | 1,561,294) | |
| Total assets | 10,595,160) | 10,714,343) | 4,173,671) | 3,249,490) | 2,932,309) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.28 | 0.27 | 0.39 | 0.40 | 0.53 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| Boeing Co. | 0.42 | 0.42 | 0.42 | 0.20 | — | |
| Caterpillar Inc. | 0.45 | 0.46 | 0.47 | 0.48 | — | |
| Eaton Corp. plc | 0.25 | 0.25 | 0.25 | 0.25 | — | |
| GE Aerospace | 0.17 | 0.18 | 0.30 | 0.34 | — | |
| Honeywell International Inc. | 0.31 | 0.30 | 0.35 | 0.27 | — | |
| Lockheed Martin Corp. | 0.29 | 0.23 | 0.24 | 0.27 | — | |
| RTX Corp. | 0.20 | 0.20 | 0.20 | 0.31 | — | |
| Debt to Assets, Sector | ||||||
| Capital Goods | 0.28 | 0.28 | 0.32 | 0.31 | — | |
| Debt to Assets, Industry | ||||||
| Industrials | 0.29 | 0.29 | 0.32 | 0.32 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 2,984,197 ÷ 10,595,160 = 0.28
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. | Builders FirstSource Inc. debt to assets ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
Debt to Assets (including Operating Lease Liability)
Builders FirstSource Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Current maturities of long-term debt | 6,355) | 3,660) | 27,335) | 13,875) | 15,565) | |
| Long-term debt, net of current maturities, discounts and issuance costs | 2,977,842) | 2,926,122) | 1,596,905) | 1,277,398) | 1,545,729) | |
| Total debt | 2,984,197) | 2,929,782) | 1,624,240) | 1,291,273) | 1,561,294) | |
| Current portion of operating lease liabilities | 100,758) | 96,680) | 61,625) | 61,653) | —) | |
| Noncurrent portion of operating lease liabilities | 404,463) | 375,289) | 219,239) | 236,948) | —) | |
| Total debt (including operating lease liability) | 3,489,418) | 3,401,751) | 1,905,104) | 1,589,874) | 1,561,294) | |
| Total assets | 10,595,160) | 10,714,343) | 4,173,671) | 3,249,490) | 2,932,309) | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.33 | 0.32 | 0.46 | 0.49 | 0.53 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| Boeing Co. | 0.43 | 0.43 | 0.43 | 0.21 | — | |
| Caterpillar Inc. | 0.46 | 0.46 | 0.48 | 0.49 | — | |
| Eaton Corp. plc | 0.26 | 0.27 | 0.27 | 0.27 | — | |
| GE Aerospace | 0.19 | 0.19 | 0.31 | 0.35 | — | |
| Honeywell International Inc. | 0.33 | 0.32 | 0.36 | 0.28 | — | |
| Lockheed Martin Corp. | 0.32 | 0.26 | 0.26 | 0.29 | — | |
| RTX Corp. | 0.21 | 0.21 | 0.21 | 0.33 | — | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Capital Goods | 0.30 | 0.29 | 0.33 | 0.33 | — | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Industrials | 0.33 | 0.32 | 0.35 | 0.34 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 3,489,418 ÷ 10,595,160 = 0.33
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. | Builders FirstSource Inc. debt to assets ratio (including operating lease liability) improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
Financial Leverage
Builders FirstSource Inc., financial leverage calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Total assets | 10,595,160) | 10,714,343) | 4,173,671) | 3,249,490) | 2,932,309) | |
| Stockholders’ equity | 4,962,566) | 4,802,481) | 1,152,783) | 824,953) | 596,338) | |
| Solvency Ratio | ||||||
| Financial leverage1 | 2.14 | 2.23 | 3.62 | 3.94 | 4.92 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| Boeing Co. | — | — | — | — | — | |
| Caterpillar Inc. | 5.16 | 5.02 | 5.11 | 5.38 | — | |
| Eaton Corp. plc | 2.06 | 2.07 | 2.13 | 2.04 | — | |
| GE Aerospace | 5.16 | 4.93 | 7.13 | 9.40 | — | |
| Honeywell International Inc. | 3.73 | 3.47 | 3.68 | 3.17 | — | |
| Lockheed Martin Corp. | 5.71 | 4.64 | 8.43 | 15.20 | — | |
| RTX Corp. | 2.19 | 2.21 | 2.25 | 3.34 | — | |
| Financial Leverage, Sector | ||||||
| Capital Goods | 4.71 | 4.55 | 5.54 | 6.65 | — | |
| Financial Leverage, Industry | ||||||
| Industrials | 4.49 | 4.33 | 5.35 | 5.76 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 10,595,160 ÷ 4,962,566 = 2.14
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. | Builders FirstSource Inc. financial leverage ratio decreased from 2020 to 2021 and from 2021 to 2022. |
Interest Coverage
Builders FirstSource Inc., interest coverage calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net income | 2,749,369) | 1,725,416) | 313,537) | 221,809) | 205,191) | |
| Add: Income tax expense | 822,464) | 526,131) | 94,629) | 60,946) | 55,564) | |
| Add: Interest expense, net | 198,373) | 135,877) | 135,688) | 109,551) | 108,213) | |
| Earnings before interest and tax (EBIT) | 3,770,206) | 2,387,424) | 543,854) | 392,306) | 368,968) | |
| Solvency Ratio | ||||||
| Interest coverage1 | 19.01 | 17.57 | 4.01 | 3.58 | 3.41 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| Boeing Co. | -0.98 | -0.88 | -5.71 | -2.19 | — | |
| Caterpillar Inc. | 20.80 | 17.88 | 8.80 | 19.62 | — | |
| Eaton Corp. plc | 21.22 | 21.11 | 12.72 | 11.98 | — | |
| GE Aerospace | 1.88 | -0.96 | 2.59 | 1.27 | — | |
| Honeywell International Inc. | 16.41 | 22.09 | 17.75 | 22.17 | — | |
| Lockheed Martin Corp. | 11.72 | 14.27 | 14.93 | 12.09 | — | |
| RTX Corp. | 5.64 | 4.71 | -0.65 | 5.65 | — | |
| Interest Coverage, Sector | ||||||
| Capital Goods | 4.84 | 3.98 | 1.99 | 4.85 | — | |
| Interest Coverage, Industry | ||||||
| Industrials | 5.53 | 6.00 | 2.04 | 4.37 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Interest coverage = EBIT ÷ Interest expense
= 3,770,206 ÷ 198,373 = 19.01
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. | Builders FirstSource Inc. interest coverage ratio improved from 2020 to 2021 and from 2021 to 2022. |
Fixed Charge Coverage
Builders FirstSource Inc., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net income | 2,749,369) | 1,725,416) | 313,537) | 221,809) | 205,191) | |
| Add: Income tax expense | 822,464) | 526,131) | 94,629) | 60,946) | 55,564) | |
| Add: Interest expense, net | 198,373) | 135,877) | 135,688) | 109,551) | 108,213) | |
| Earnings before interest and tax (EBIT) | 3,770,206) | 2,387,424) | 543,854) | 392,306) | 368,968) | |
| Add: Operating lease costs | 144,755) | 133,009) | 85,798) | 84,603) | 83,900) | |
| Earnings before fixed charges and tax | 3,914,961) | 2,520,433) | 629,652) | 476,909) | 452,868) | |
| Interest expense, net | 198,373) | 135,877) | 135,688) | 109,551) | 108,213) | |
| Operating lease costs | 144,755) | 133,009) | 85,798) | 84,603) | 83,900) | |
| Fixed charges | 343,128) | 268,886) | 221,486) | 194,154) | 192,113) | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | 11.41 | 9.37 | 2.84 | 2.46 | 2.36 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| Boeing Co. | -0.70 | -0.64 | -4.75 | -1.19 | — | |
| Caterpillar Inc. | 14.92 | 12.73 | 6.58 | 13.01 | — | |
| Eaton Corp. plc | 10.01 | 10.40 | 6.24 | 7.45 | — | |
| GE Aerospace | 1.35 | -0.22 | 1.93 | 1.09 | — | |
| Honeywell International Inc. | 11.00 | 13.67 | 11.49 | 14.06 | — | |
| Lockheed Martin Corp. | 8.44 | 9.95 | 11.12 | 9.12 | — | |
| RTX Corp. | 4.40 | 3.66 | -0.22 | 4.31 | — | |
| Fixed Charge Coverage, Sector | ||||||
| Capital Goods | 3.61 | 3.06 | 1.66 | 3.63 | — | |
| Fixed Charge Coverage, Industry | ||||||
| Industrials | 3.58 | 3.93 | 1.59 | 2.96 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 3,914,961 ÷ 343,128 = 11.41
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. | Builders FirstSource Inc. fixed charge coverage ratio improved from 2020 to 2021 and from 2021 to 2022. |