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)
Fidelity National Information Services 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. | Fidelity National Information Services Inc. debt to equity ratio deteriorated 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. | Fidelity National Information Services Inc. debt to equity ratio (including operating lease liability) deteriorated 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. | Fidelity National Information Services Inc. debt to capital ratio deteriorated 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. | Fidelity National Information Services Inc. debt to capital ratio (including operating lease liability) deteriorated from 2020 to 2021 and from 2021 to 2022. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Fidelity National Information Services Inc. debt to assets ratio deteriorated from 2020 to 2021 and 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. | Fidelity National Information Services Inc. debt to assets ratio (including operating lease liability) deteriorated from 2020 to 2021 and from 2021 to 2022. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Fidelity National Information Services Inc. financial leverage ratio increased 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. | Fidelity National Information Services Inc. interest coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Fidelity National Information Services Inc. fixed charge coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Debt to Equity
Fidelity National Information Services 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 millions) | ||||||
| Short-term borrowings | 3,797) | 3,911) | 2,750) | 2,823) | 267) | |
| Current portion of long-term debt | 2,133) | 1,617) | 1,314) | 140) | 48) | |
| Long-term debt, excluding current portion | 14,207) | 14,825) | 15,951) | 17,229) | 8,670) | |
| Total debt | 20,137) | 20,353) | 20,015) | 20,192) | 8,985) | |
| Total FIS stockholders’ equity | 27,218) | 47,347) | 49,300) | 49,440) | 10,215) | |
| Solvency Ratio | ||||||
| Debt to equity1 | 0.74 | 0.43 | 0.41 | 0.41 | 0.88 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| Accenture PLC | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| Adobe Inc. | 0.29 | 0.28 | 0.31 | 0.39 | — | |
| Cadence Design Systems Inc. | 0.27 | 0.13 | 0.14 | 0.16 | — | |
| CrowdStrike Holdings Inc. | 0.72 | 0.85 | 0.00 | — | — | |
| International Business Machines Corp. | 2.32 | 2.74 | 2.99 | 3.02 | — | |
| Intuit Inc. | 0.42 | 0.21 | 0.66 | 0.12 | — | |
| Microsoft Corp. | 0.39 | 0.50 | 0.62 | 0.77 | — | |
| Oracle Corp. | — | 16.08 | 5.93 | 2.58 | — | |
| Palantir Technologies Inc. | 0.00 | 0.00 | 0.13 | — | — | |
| Palo Alto Networks Inc. | 17.51 | 5.08 | 2.80 | 0.90 | — | |
| Salesforce Inc. | 0.19 | 0.07 | 0.09 | 0.22 | — | |
| ServiceNow Inc. | 0.30 | 0.43 | 0.58 | 0.33 | — | |
| Synopsys Inc. | 0.00 | 0.02 | 0.03 | 0.03 | — | |
| Debt to Equity, Sector | ||||||
| Software & Services | 0.71 | 0.83 | 0.95 | — | — | |
| Debt to Equity, Industry | ||||||
| Information Technology | 0.70 | 0.83 | 0.97 | — | — | |
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 ÷ Total FIS stockholders’ equity
= 20,137 ÷ 27,218 = 0.74
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. | Fidelity National Information Services Inc. debt to equity ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Debt to Equity (including Operating Lease Liability)
Fidelity National Information Services 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 millions) | ||||||
| Short-term borrowings | 3,797) | 3,911) | 2,750) | 2,823) | 267) | |
| Current portion of long-term debt | 2,133) | 1,617) | 1,314) | 140) | 48) | |
| Long-term debt, excluding current portion | 14,207) | 14,825) | 15,951) | 17,229) | 8,670) | |
| Total debt | 20,137) | 20,353) | 20,015) | 20,192) | 8,985) | |
| Current operating lease liabilities | 120) | 146) | 152) | 129) | —) | |
| Noncurrent operating lease liabilities | 294) | 378) | 453) | 466) | —) | |
| Total debt (including operating lease liability) | 20,551) | 20,877) | 20,620) | 20,787) | 8,985) | |
| Total FIS stockholders’ equity | 27,218) | 47,347) | 49,300) | 49,440) | 10,215) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 0.76 | 0.44 | 0.42 | 0.42 | 0.88 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| Accenture PLC | 0.15 | 0.18 | 0.21 | 0.00 | — | |
| Adobe Inc. | 0.33 | 0.32 | 0.35 | 0.39 | — | |
| Cadence Design Systems Inc. | 0.34 | 0.18 | 0.20 | 0.22 | — | |
| CrowdStrike Holdings Inc. | 0.76 | 0.89 | 0.00 | — | — | |
| International Business Machines Corp. | 2.46 | 2.92 | 3.23 | 3.27 | — | |
| Intuit Inc. | 0.46 | 0.25 | 0.71 | 0.12 | — | |
| Microsoft Corp. | 0.47 | 0.58 | 0.69 | 0.84 | — | |
| Oracle Corp. | — | 16.61 | 6.10 | 2.58 | — | |
| Palantir Technologies Inc. | 0.10 | 0.11 | 0.30 | — | — | |
| Palo Alto Networks Inc. | 19.12 | 5.68 | 3.16 | 0.90 | — | |
| Salesforce Inc. | 0.25 | 0.15 | 0.18 | 0.22 | — | |
| ServiceNow Inc. | 0.44 | 0.60 | 0.75 | 0.53 | — | |
| Synopsys Inc. | 0.12 | 0.13 | 0.14 | 0.03 | — | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Software & Services | 0.81 | 0.93 | 1.06 | — | — | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Information Technology | 0.77 | 0.90 | 1.04 | — | — | |
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) ÷ Total FIS stockholders’ equity
= 20,551 ÷ 27,218 = 0.76
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. | Fidelity National Information Services Inc. debt to equity ratio (including operating lease liability) deteriorated from 2020 to 2021 and from 2021 to 2022. |
Debt to Capital
Fidelity National Information Services 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 millions) | ||||||
| Short-term borrowings | 3,797) | 3,911) | 2,750) | 2,823) | 267) | |
| Current portion of long-term debt | 2,133) | 1,617) | 1,314) | 140) | 48) | |
| Long-term debt, excluding current portion | 14,207) | 14,825) | 15,951) | 17,229) | 8,670) | |
| Total debt | 20,137) | 20,353) | 20,015) | 20,192) | 8,985) | |
| Total FIS stockholders’ equity | 27,218) | 47,347) | 49,300) | 49,440) | 10,215) | |
| Total capital | 47,355) | 67,700) | 69,315) | 69,632) | 19,200) | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.43 | 0.30 | 0.29 | 0.29 | 0.47 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| Accenture PLC | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| Adobe Inc. | 0.23 | 0.22 | 0.24 | 0.28 | — | |
| Cadence Design Systems Inc. | 0.21 | 0.11 | 0.12 | 0.14 | — | |
| CrowdStrike Holdings Inc. | 0.42 | 0.46 | 0.00 | — | — | |
| International Business Machines Corp. | 0.70 | 0.73 | 0.75 | 0.75 | — | |
| Intuit Inc. | 0.30 | 0.17 | 0.40 | 0.10 | — | |
| Microsoft Corp. | 0.28 | 0.33 | 0.38 | 0.43 | — | |
| Oracle Corp. | 1.09 | 0.94 | 0.86 | 0.72 | — | |
| Palantir Technologies Inc. | 0.00 | 0.00 | 0.12 | — | — | |
| Palo Alto Networks Inc. | 0.95 | 0.84 | 0.74 | 0.47 | — | |
| Salesforce Inc. | 0.16 | 0.06 | 0.08 | 0.18 | — | |
| ServiceNow Inc. | 0.23 | 0.30 | 0.37 | 0.25 | — | |
| Synopsys Inc. | 0.00 | 0.02 | 0.03 | 0.03 | — | |
| Debt to Capital, Sector | ||||||
| Software & Services | 0.42 | 0.45 | 0.49 | — | — | |
| Debt to Capital, Industry | ||||||
| Information Technology | 0.41 | 0.45 | 0.49 | — | — | |
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
= 20,137 ÷ 47,355 = 0.43
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. | Fidelity National Information Services Inc. debt to capital ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Debt to Capital (including Operating Lease Liability)
Fidelity National Information Services 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 millions) | ||||||
| Short-term borrowings | 3,797) | 3,911) | 2,750) | 2,823) | 267) | |
| Current portion of long-term debt | 2,133) | 1,617) | 1,314) | 140) | 48) | |
| Long-term debt, excluding current portion | 14,207) | 14,825) | 15,951) | 17,229) | 8,670) | |
| Total debt | 20,137) | 20,353) | 20,015) | 20,192) | 8,985) | |
| Current operating lease liabilities | 120) | 146) | 152) | 129) | —) | |
| Noncurrent operating lease liabilities | 294) | 378) | 453) | 466) | —) | |
| Total debt (including operating lease liability) | 20,551) | 20,877) | 20,620) | 20,787) | 8,985) | |
| Total FIS stockholders’ equity | 27,218) | 47,347) | 49,300) | 49,440) | 10,215) | |
| Total capital (including operating lease liability) | 47,769) | 68,224) | 69,920) | 70,227) | 19,200) | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.43 | 0.31 | 0.29 | 0.30 | 0.47 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| Accenture PLC | 0.13 | 0.15 | 0.17 | 0.00 | — | |
| Adobe Inc. | 0.25 | 0.24 | 0.26 | 0.28 | — | |
| Cadence Design Systems Inc. | 0.25 | 0.15 | 0.17 | 0.18 | — | |
| CrowdStrike Holdings Inc. | 0.43 | 0.47 | 0.00 | — | — | |
| International Business Machines Corp. | 0.71 | 0.74 | 0.76 | 0.77 | — | |
| Intuit Inc. | 0.31 | 0.20 | 0.42 | 0.10 | — | |
| Microsoft Corp. | 0.32 | 0.37 | 0.41 | 0.46 | — | |
| Oracle Corp. | 1.08 | 0.94 | 0.86 | 0.72 | — | |
| Palantir Technologies Inc. | 0.09 | 0.10 | 0.23 | — | — | |
| Palo Alto Networks Inc. | 0.95 | 0.85 | 0.76 | 0.47 | — | |
| Salesforce Inc. | 0.20 | 0.13 | 0.16 | 0.18 | — | |
| ServiceNow Inc. | 0.31 | 0.37 | 0.43 | 0.35 | — | |
| Synopsys Inc. | 0.11 | 0.11 | 0.12 | 0.03 | — | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Software & Services | 0.45 | 0.48 | 0.51 | — | — | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Information Technology | 0.43 | 0.47 | 0.51 | — | — | |
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)
= 20,551 ÷ 47,769 = 0.43
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. | Fidelity National Information Services Inc. debt to capital ratio (including operating lease liability) deteriorated from 2020 to 2021 and from 2021 to 2022. |
Debt to Assets
Fidelity National Information Services 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 millions) | ||||||
| Short-term borrowings | 3,797) | 3,911) | 2,750) | 2,823) | 267) | |
| Current portion of long-term debt | 2,133) | 1,617) | 1,314) | 140) | 48) | |
| Long-term debt, excluding current portion | 14,207) | 14,825) | 15,951) | 17,229) | 8,670) | |
| Total debt | 20,137) | 20,353) | 20,015) | 20,192) | 8,985) | |
| Total assets | 63,278) | 82,931) | 83,842) | 83,806) | 23,770) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.32 | 0.25 | 0.24 | 0.24 | 0.38 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| Accenture PLC | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| Adobe Inc. | 0.15 | 0.15 | 0.17 | 0.20 | — | |
| Cadence Design Systems Inc. | 0.15 | 0.08 | 0.09 | 0.10 | — | |
| CrowdStrike Holdings Inc. | 0.20 | 0.27 | 0.00 | — | — | |
| International Business Machines Corp. | 0.40 | 0.39 | 0.39 | 0.41 | — | |
| Intuit Inc. | 0.25 | 0.13 | 0.31 | 0.07 | — | |
| Microsoft Corp. | 0.18 | 0.21 | 0.24 | 0.27 | — | |
| Oracle Corp. | 0.69 | 0.64 | 0.62 | 0.52 | — | |
| Palantir Technologies Inc. | 0.00 | 0.00 | 0.07 | — | — | |
| Palo Alto Networks Inc. | 0.30 | 0.31 | 0.34 | 0.22 | — | |
| Salesforce Inc. | 0.12 | 0.04 | 0.06 | 0.11 | — | |
| ServiceNow Inc. | 0.11 | 0.15 | 0.19 | 0.12 | — | |
| Synopsys Inc. | 0.00 | 0.01 | 0.02 | 0.02 | — | |
| Debt to Assets, Sector | ||||||
| Software & Services | 0.26 | 0.28 | 0.30 | — | — | |
| Debt to Assets, Industry | ||||||
| Information Technology | 0.26 | 0.29 | 0.31 | — | — | |
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
= 20,137 ÷ 63,278 = 0.32
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. | Fidelity National Information Services Inc. debt to assets ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |
Debt to Assets (including Operating Lease Liability)
Fidelity National Information Services 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 millions) | ||||||
| Short-term borrowings | 3,797) | 3,911) | 2,750) | 2,823) | 267) | |
| Current portion of long-term debt | 2,133) | 1,617) | 1,314) | 140) | 48) | |
| Long-term debt, excluding current portion | 14,207) | 14,825) | 15,951) | 17,229) | 8,670) | |
| Total debt | 20,137) | 20,353) | 20,015) | 20,192) | 8,985) | |
| Current operating lease liabilities | 120) | 146) | 152) | 129) | —) | |
| Noncurrent operating lease liabilities | 294) | 378) | 453) | 466) | —) | |
| Total debt (including operating lease liability) | 20,551) | 20,877) | 20,620) | 20,787) | 8,985) | |
| Total assets | 63,278) | 82,931) | 83,842) | 83,806) | 23,770) | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.32 | 0.25 | 0.25 | 0.25 | 0.38 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| Accenture PLC | 0.07 | 0.08 | 0.09 | 0.00 | — | |
| Adobe Inc. | 0.17 | 0.17 | 0.19 | 0.20 | — | |
| Cadence Design Systems Inc. | 0.18 | 0.11 | 0.13 | 0.14 | — | |
| CrowdStrike Holdings Inc. | 0.21 | 0.29 | 0.00 | — | — | |
| International Business Machines Corp. | 0.42 | 0.42 | 0.43 | 0.45 | — | |
| Intuit Inc. | 0.27 | 0.16 | 0.33 | 0.07 | — | |
| Microsoft Corp. | 0.21 | 0.25 | 0.27 | 0.30 | — | |
| Oracle Corp. | 0.73 | 0.66 | 0.64 | 0.52 | — | |
| Palantir Technologies Inc. | 0.07 | 0.08 | 0.17 | — | — | |
| Palo Alto Networks Inc. | 0.33 | 0.35 | 0.38 | 0.22 | — | |
| Salesforce Inc. | 0.15 | 0.10 | 0.11 | 0.11 | — | |
| ServiceNow Inc. | 0.17 | 0.21 | 0.24 | 0.19 | — | |
| Synopsys Inc. | 0.07 | 0.08 | 0.08 | 0.02 | — | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Software & Services | 0.30 | 0.32 | 0.34 | — | — | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Information Technology | 0.29 | 0.31 | 0.33 | — | — | |
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
= 20,551 ÷ 63,278 = 0.32
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. | Fidelity National Information Services Inc. debt to assets ratio (including operating lease liability) deteriorated from 2020 to 2021 and from 2021 to 2022. |
Financial Leverage
Fidelity National Information Services 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 millions) | ||||||
| Total assets | 63,278) | 82,931) | 83,842) | 83,806) | 23,770) | |
| Total FIS stockholders’ equity | 27,218) | 47,347) | 49,300) | 49,440) | 10,215) | |
| Solvency Ratio | ||||||
| Financial leverage1 | 2.32 | 1.75 | 1.70 | 1.70 | 2.33 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| Accenture PLC | 2.14 | 2.21 | 2.18 | 2.07 | — | |
| Adobe Inc. | 1.93 | 1.84 | 1.83 | 1.97 | — | |
| Cadence Design Systems Inc. | 1.87 | 1.60 | 1.58 | 1.60 | — | |
| CrowdStrike Holdings Inc. | 3.53 | 3.14 | 1.89 | — | — | |
| International Business Machines Corp. | 5.80 | 6.98 | 7.57 | 7.30 | — | |
| Intuit Inc. | 1.69 | 1.57 | 2.14 | 1.68 | — | |
| Microsoft Corp. | 2.19 | 2.35 | 2.55 | 2.80 | — | |
| Oracle Corp. | — | 25.03 | 9.56 | 4.99 | — | |
| Palantir Technologies Inc. | 1.35 | 1.42 | 1.77 | — | — | |
| Palo Alto Networks Inc. | 58.35 | 16.14 | 8.23 | 4.16 | — | |
| Salesforce Inc. | 1.64 | 1.60 | 1.63 | 1.97 | — | |
| ServiceNow Inc. | 2.64 | 2.92 | 3.07 | 2.83 | — | |
| Synopsys Inc. | 1.71 | 1.65 | 1.64 | 1.57 | — | |
| Financial Leverage, Sector | ||||||
| Software & Services | 2.73 | 2.95 | 3.14 | — | — | |
| Financial Leverage, Industry | ||||||
| Information Technology | 2.68 | 2.89 | 3.12 | — | — | |
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 ÷ Total FIS stockholders’ equity
= 63,278 ÷ 27,218 = 2.32
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. | Fidelity National Information Services Inc. financial leverage ratio increased from 2020 to 2021 and from 2021 to 2022. |
Interest Coverage
Fidelity National Information Services 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 millions) | ||||||
| Net earnings (loss) attributable to FIS common stockholders | (16,720) | 417) | 158) | 298) | 846) | |
| Add: Net income attributable to noncontrolling interest | 12) | 7) | 6) | 5) | 35) | |
| Add: Income tax expense | 377) | 371) | 96) | 100) | 208) | |
| Add: Interest expense | 300) | 216) | 339) | 389) | 314) | |
| Earnings before interest and tax (EBIT) | (16,031) | 1,011) | 599) | 792) | 1,403) | |
| Solvency Ratio | ||||||
| Interest coverage1 | -53.44 | 4.68 | 1.77 | 2.04 | 4.47 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| Accenture PLC | 195.34 | 131.46 | 205.84 | 273.26 | — | |
| Adobe Inc. | 54.64 | 51.49 | 37.00 | 21.38 | — | |
| Cadence Design Systems Inc. | 46.58 | 46.26 | 31.50 | 26.44 | — | |
| CrowdStrike Holdings Inc. | -5.34 | -55.36 | -315.25 | — | — | |
| International Business Machines Corp. | 1.97 | 5.20 | 4.62 | 8.58 | — | |
| Intuit Inc. | 32.38 | 89.14 | 158.00 | 126.40 | — | |
| Microsoft Corp. | 41.58 | 31.31 | 21.47 | 17.27 | — | |
| Oracle Corp. | 3.84 | 6.28 | 7.13 | 6.97 | — | |
| Palantir Technologies Inc. | -87.97 | -133.20 | -82.39 | — | — | |
| Palo Alto Networks Inc. | -6.56 | -1.85 | -1.61 | 0.11 | — | |
| Salesforce Inc. | 8.09 | 24.28 | 7.42 | 8.80 | — | |
| ServiceNow Inc. | 15.78 | 9.89 | 5.56 | 3.02 | — | |
| Synopsys Inc. | 657.96 | 240.38 | 125.16 | 47.79 | — | |
| Interest Coverage, Sector | ||||||
| Software & Services | 18.25 | 17.63 | 14.26 | — | — | |
| Interest Coverage, Industry | ||||||
| Information Technology | 22.78 | 20.06 | 14.26 | — | — | |
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
= -16,031 ÷ 300 = -53.44
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. | Fidelity National Information Services Inc. interest coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Fixed Charge Coverage
Fidelity National Information Services 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 millions) | ||||||
| Net earnings (loss) attributable to FIS common stockholders | (16,720) | 417) | 158) | 298) | 846) | |
| Add: Net income attributable to noncontrolling interest | 12) | 7) | 6) | 5) | 35) | |
| Add: Income tax expense | 377) | 371) | 96) | 100) | 208) | |
| Add: Interest expense | 300) | 216) | 339) | 389) | 314) | |
| Earnings before interest and tax (EBIT) | (16,031) | 1,011) | 599) | 792) | 1,403) | |
| Add: Operating lease cost | 190) | 159) | 210) | 145) | 147) | |
| Earnings before fixed charges and tax | (15,841) | 1,170) | 809) | 937) | 1,550) | |
| Interest expense | 300) | 216) | 339) | 389) | 314) | |
| Operating lease cost | 190) | 159) | 210) | 145) | 147) | |
| Fixed charges | 490) | 375) | 549) | 534) | 461) | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | -32.33 | 3.12 | 1.47 | 1.75 | 3.36 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| Accenture PLC | 12.25 | 10.41 | 9.66 | 10.07 | — | |
| Adobe Inc. | 26.79 | 25.59 | 18.77 | 10.78 | — | |
| Cadence Design Systems Inc. | 15.50 | 13.77 | 11.46 | 9.95 | — | |
| CrowdStrike Holdings Inc. | -3.39 | -6.40 | -12.01 | — | — | |
| International Business Machines Corp. | 1.52 | 3.13 | 2.62 | 4.41 | — | |
| Intuit Inc. | 14.67 | 25.58 | 27.48 | 34.00 | — | |
| Microsoft Corp. | 19.50 | 16.90 | 12.44 | 10.94 | — | |
| Oracle Corp. | 3.22 | 5.17 | 5.68 | 5.50 | — | |
| Palantir Technologies Inc. | -5.06 | -7.89 | -16.41 | — | — | |
| Palo Alto Networks Inc. | -1.18 | -1.09 | -0.52 | 0.41 | — | |
| Salesforce Inc. | 2.18 | 2.94 | 1.69 | 3.00 | — | |
| ServiceNow Inc. | 3.87 | 2.95 | 2.29 | 1.69 | — | |
| Synopsys Inc. | 12.91 | 9.29 | 7.46 | 6.30 | — | |
| Fixed Charge Coverage, Sector | ||||||
| Software & Services | 9.53 | 9.37 | 7.56 | — | — | |
| Fixed Charge Coverage, Industry | ||||||
| Information Technology | 13.53 | 12.31 | 9.12 | — | — | |
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
= -15,841 ÷ 490 = -32.33
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. | Fidelity National Information Services Inc. fixed charge coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |