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)
GameStop Corp., solvency ratios
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | GameStop Corp. debt to equity ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | GameStop Corp. debt to equity ratio (including operating lease liability) deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | GameStop Corp. debt to capital ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| 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. | GameStop Corp. debt to capital ratio (including operating lease liability) deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | GameStop Corp. debt to assets ratio improved 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. | GameStop Corp. 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. | GameStop Corp. financial leverage ratio increased from 2022 to 2023 but then decreased significantly from 2023 to 2024. |
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | GameStop Corp. fixed charge coverage ratio improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Equity
GameStop Corp., debt to equity calculation, comparison to benchmarks
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt | 10,800) | 10,800) | 4,100) | 121,700) | —) | 349,200) | |
| Borrowings under revolving line of credit | —) | —) | —) | 25,000) | —) | —) | |
| Long-term debt, excluding current portion | 17,700) | 28,700) | 40,500) | 216,000) | 419,800) | 471,600) | |
| Total debt | 28,500) | 39,500) | 44,600) | 362,700) | 419,800) | 820,800) | |
| Stockholders’ equity | 1,338,600) | 1,322,300) | 1,602,500) | 436,700) | 611,500) | 1,336,200) | |
| Solvency Ratio | |||||||
| Debt to equity1 | 0.02 | 0.03 | 0.03 | 0.83 | 0.69 | 0.61 | |
| Benchmarks | |||||||
| Debt to Equity, Competitors2 | |||||||
| Amazon.com Inc. | — | 0.39 | 0.59 | 0.54 | 0.66 | 0.83 | |
| Home Depot Inc. | 42.25 | 27.65 | — | 11.29 | — | — | |
| Lowe’s Cos. Inc. | — | — | — | 15.16 | 9.79 | 4.45 | |
| TJX Cos. Inc. | 0.39 | 0.53 | 0.56 | 1.04 | 0.38 | 0.44 | |
| Debt to Equity, Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 0.82 | 1.06 | 0.93 | 1.17 | 1.44 | |
| Debt to Equity, Industry | |||||||
| Consumer Discretionary | — | 1.37 | 1.54 | 1.52 | 2.37 | 2.78 | |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).
1 2024 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 28,500 ÷ 1,338,600 = 0.02
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. | GameStop Corp. debt to equity ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Debt to Equity (including Operating Lease Liability)
GameStop Corp., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt | 10,800) | 10,800) | 4,100) | 121,700) | —) | 349,200) | |
| Borrowings under revolving line of credit | —) | —) | —) | 25,000) | —) | —) | |
| Long-term debt, excluding current portion | 17,700) | 28,700) | 40,500) | 216,000) | 419,800) | 471,600) | |
| Total debt | 28,500) | 39,500) | 44,600) | 362,700) | 419,800) | 820,800) | |
| Current portion of operating lease liabilities | 187,700) | 194,700) | 210,700) | 227,400) | 239,400) | —) | |
| Operating lease liabilities, excluding current portion | 386,600) | 382,400) | 393,700) | 456,700) | 529,300) | —) | |
| Total debt (including operating lease liability) | 602,800) | 616,600) | 649,000) | 1,046,800) | 1,188,500) | 820,800) | |
| Stockholders’ equity | 1,338,600) | 1,322,300) | 1,602,500) | 436,700) | 611,500) | 1,336,200) | |
| Solvency Ratio | |||||||
| Debt to equity (including operating lease liability)1 | 0.45 | 0.47 | 0.40 | 2.40 | 1.94 | 0.61 | |
| Benchmarks | |||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||
| Amazon.com Inc. | — | 0.77 | 1.06 | 0.96 | 1.08 | 1.25 | |
| Home Depot Inc. | 50.04 | 32.24 | — | 13.16 | — | — | |
| Lowe’s Cos. Inc. | — | — | — | 18.24 | 12.04 | 4.45 | |
| TJX Cos. Inc. | 1.72 | 2.00 | 2.08 | 2.66 | 1.93 | 0.44 | |
| Debt to Equity (including Operating Lease Liability), Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 1.31 | 1.67 | 1.46 | 1.76 | 1.82 | |
| Debt to Equity (including Operating Lease Liability), Industry | |||||||
| Consumer Discretionary | — | 1.72 | 1.94 | 1.90 | 2.84 | 3.08 | |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).
1 2024 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 602,800 ÷ 1,338,600 = 0.45
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. | GameStop Corp. debt to equity ratio (including operating lease liability) deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Debt to Capital
GameStop Corp., debt to capital calculation, comparison to benchmarks
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt | 10,800) | 10,800) | 4,100) | 121,700) | —) | 349,200) | |
| Borrowings under revolving line of credit | —) | —) | —) | 25,000) | —) | —) | |
| Long-term debt, excluding current portion | 17,700) | 28,700) | 40,500) | 216,000) | 419,800) | 471,600) | |
| Total debt | 28,500) | 39,500) | 44,600) | 362,700) | 419,800) | 820,800) | |
| Stockholders’ equity | 1,338,600) | 1,322,300) | 1,602,500) | 436,700) | 611,500) | 1,336,200) | |
| Total capital | 1,367,100) | 1,361,800) | 1,647,100) | 799,400) | 1,031,300) | 2,157,000) | |
| Solvency Ratio | |||||||
| Debt to capital1 | 0.02 | 0.03 | 0.03 | 0.45 | 0.41 | 0.38 | |
| Benchmarks | |||||||
| Debt to Capital, Competitors2 | |||||||
| Amazon.com Inc. | — | 0.28 | 0.37 | 0.35 | 0.40 | 0.45 | |
| Home Depot Inc. | 0.98 | 0.97 | 1.04 | 0.92 | 1.11 | 1.07 | |
| Lowe’s Cos. Inc. | 1.72 | 1.72 | 1.24 | 0.94 | 0.91 | 0.82 | |
| TJX Cos. Inc. | 0.28 | 0.35 | 0.36 | 0.51 | 0.27 | 0.31 | |
| Debt to Capital, Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 0.45 | 0.51 | 0.48 | 0.54 | 0.59 | |
| Debt to Capital, Industry | |||||||
| Consumer Discretionary | — | 0.58 | 0.61 | 0.60 | 0.70 | 0.74 | |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).
1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 28,500 ÷ 1,367,100 = 0.02
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. | GameStop Corp. debt to capital ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Debt to Capital (including Operating Lease Liability)
GameStop Corp., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt | 10,800) | 10,800) | 4,100) | 121,700) | —) | 349,200) | |
| Borrowings under revolving line of credit | —) | —) | —) | 25,000) | —) | —) | |
| Long-term debt, excluding current portion | 17,700) | 28,700) | 40,500) | 216,000) | 419,800) | 471,600) | |
| Total debt | 28,500) | 39,500) | 44,600) | 362,700) | 419,800) | 820,800) | |
| Current portion of operating lease liabilities | 187,700) | 194,700) | 210,700) | 227,400) | 239,400) | —) | |
| Operating lease liabilities, excluding current portion | 386,600) | 382,400) | 393,700) | 456,700) | 529,300) | —) | |
| Total debt (including operating lease liability) | 602,800) | 616,600) | 649,000) | 1,046,800) | 1,188,500) | 820,800) | |
| Stockholders’ equity | 1,338,600) | 1,322,300) | 1,602,500) | 436,700) | 611,500) | 1,336,200) | |
| Total capital (including operating lease liability) | 1,941,400) | 1,938,900) | 2,251,500) | 1,483,500) | 1,800,000) | 2,157,000) | |
| Solvency Ratio | |||||||
| Debt to capital (including operating lease liability)1 | 0.31 | 0.32 | 0.29 | 0.71 | 0.66 | 0.38 | |
| Benchmarks | |||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||
| Amazon.com Inc. | — | 0.43 | 0.51 | 0.49 | 0.52 | 0.56 | |
| Home Depot Inc. | 0.98 | 0.97 | 1.04 | 0.93 | 1.09 | 1.07 | |
| Lowe’s Cos. Inc. | 1.60 | 1.60 | 1.20 | 0.95 | 0.92 | 0.82 | |
| TJX Cos. Inc. | 0.63 | 0.67 | 0.68 | 0.73 | 0.66 | 0.31 | |
| Debt to Capital (including Operating Lease Liability), Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 0.57 | 0.63 | 0.59 | 0.64 | 0.65 | |
| Debt to Capital (including Operating Lease Liability), Industry | |||||||
| Consumer Discretionary | — | 0.63 | 0.66 | 0.65 | 0.74 | 0.76 | |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).
1 2024 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 602,800 ÷ 1,941,400 = 0.31
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. | GameStop Corp. debt to capital ratio (including operating lease liability) deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Debt to Assets
GameStop Corp., debt to assets calculation, comparison to benchmarks
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt | 10,800) | 10,800) | 4,100) | 121,700) | —) | 349,200) | |
| Borrowings under revolving line of credit | —) | —) | —) | 25,000) | —) | —) | |
| Long-term debt, excluding current portion | 17,700) | 28,700) | 40,500) | 216,000) | 419,800) | 471,600) | |
| Total debt | 28,500) | 39,500) | 44,600) | 362,700) | 419,800) | 820,800) | |
| Total assets | 2,709,000) | 3,113,400) | 3,499,300) | 2,472,600) | 2,819,700) | 4,044,300) | |
| Solvency Ratio | |||||||
| Debt to assets1 | 0.01 | 0.01 | 0.01 | 0.15 | 0.15 | 0.20 | |
| Benchmarks | |||||||
| Debt to Assets, Competitors2 | |||||||
| Amazon.com Inc. | — | 0.15 | 0.19 | 0.18 | 0.19 | 0.23 | |
| Home Depot Inc. | 0.58 | 0.57 | 0.56 | 0.53 | 0.61 | 0.66 | |
| Lowe’s Cos. Inc. | 0.86 | 0.78 | 0.55 | 0.47 | 0.49 | 0.47 | |
| TJX Cos. Inc. | 0.10 | 0.12 | 0.12 | 0.20 | 0.09 | 0.16 | |
| Debt to Assets, Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 0.24 | 0.25 | 0.24 | 0.26 | 0.31 | |
| Debt to Assets, Industry | |||||||
| Consumer Discretionary | — | 0.34 | 0.35 | 0.36 | 0.41 | 0.45 | |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).
1 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 28,500 ÷ 2,709,000 = 0.01
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. | GameStop Corp. debt to assets ratio improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Assets (including Operating Lease Liability)
GameStop Corp., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current portion of long-term debt | 10,800) | 10,800) | 4,100) | 121,700) | —) | 349,200) | |
| Borrowings under revolving line of credit | —) | —) | —) | 25,000) | —) | —) | |
| Long-term debt, excluding current portion | 17,700) | 28,700) | 40,500) | 216,000) | 419,800) | 471,600) | |
| Total debt | 28,500) | 39,500) | 44,600) | 362,700) | 419,800) | 820,800) | |
| Current portion of operating lease liabilities | 187,700) | 194,700) | 210,700) | 227,400) | 239,400) | —) | |
| Operating lease liabilities, excluding current portion | 386,600) | 382,400) | 393,700) | 456,700) | 529,300) | —) | |
| Total debt (including operating lease liability) | 602,800) | 616,600) | 649,000) | 1,046,800) | 1,188,500) | 820,800) | |
| Total assets | 2,709,000) | 3,113,400) | 3,499,300) | 2,472,600) | 2,819,700) | 4,044,300) | |
| Solvency Ratio | |||||||
| Debt to assets (including operating lease liability)1 | 0.22 | 0.20 | 0.19 | 0.42 | 0.42 | 0.20 | |
| Benchmarks | |||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||
| Amazon.com Inc. | — | 0.29 | 0.33 | 0.31 | 0.31 | 0.34 | |
| Home Depot Inc. | 0.68 | 0.66 | 0.64 | 0.62 | 0.73 | 0.66 | |
| Lowe’s Cos. Inc. | 0.96 | 0.87 | 0.66 | 0.56 | 0.60 | 0.47 | |
| TJX Cos. Inc. | 0.42 | 0.45 | 0.44 | 0.50 | 0.47 | 0.16 | |
| Debt to Assets (including Operating Lease Liability), Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 0.38 | 0.40 | 0.38 | 0.40 | 0.39 | |
| Debt to Assets (including Operating Lease Liability), Industry | |||||||
| Consumer Discretionary | — | 0.43 | 0.44 | 0.45 | 0.50 | 0.50 | |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).
1 2024 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 602,800 ÷ 2,709,000 = 0.22
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. | GameStop Corp. debt to assets ratio (including operating lease liability) deteriorated from 2022 to 2023 and from 2023 to 2024. |
Financial Leverage
GameStop Corp., financial leverage calculation, comparison to benchmarks
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Total assets | 2,709,000) | 3,113,400) | 3,499,300) | 2,472,600) | 2,819,700) | 4,044,300) | |
| Stockholders’ equity | 1,338,600) | 1,322,300) | 1,602,500) | 436,700) | 611,500) | 1,336,200) | |
| Solvency Ratio | |||||||
| Financial leverage1 | 2.02 | 2.35 | 2.18 | 5.66 | 4.61 | 3.03 | |
| Benchmarks | |||||||
| Financial Leverage, Competitors2 | |||||||
| Amazon.com Inc. | — | 2.61 | 3.17 | 3.04 | 3.44 | 3.63 | |
| Home Depot Inc. | 73.30 | 48.94 | — | 21.39 | — | — | |
| Lowe’s Cos. Inc. | — | — | — | 32.52 | 20.02 | 9.47 | |
| TJX Cos. Inc. | 4.07 | 4.45 | 4.74 | 5.28 | 4.06 | 2.84 | |
| Financial Leverage, Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 3.46 | 4.18 | 3.82 | 4.44 | 4.62 | |
| Financial Leverage, Industry | |||||||
| Consumer Discretionary | — | 4.00 | 4.38 | 4.26 | 5.72 | 6.22 | |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).
1 2024 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 2,709,000 ÷ 1,338,600 = 2.02
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. | GameStop Corp. financial leverage ratio increased from 2022 to 2023 but then decreased significantly from 2023 to 2024. |
Interest Coverage
GameStop Corp., interest coverage calculation, comparison to benchmarks
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income (loss) | 6,700) | (313,100) | (381,300) | (215,300) | (470,900) | (673,000) | |
| Less: Income (loss) from discontinued operations, net of tax | —) | —) | —) | (700) | (6,500) | 121,800) | |
| Add: Income tax expense | 6,400) | 11,000) | (14,100) | (55,300) | 37,600) | 41,700) | |
| Add: Interest expense | —) | —) | 26,900) | 34,000) | 38,500) | 56,800) | |
| Earnings before interest and tax (EBIT) | 13,100) | (302,100) | (368,500) | (235,900) | (388,300) | (696,300) | |
| Solvency Ratio | |||||||
| Interest coverage1 | — | — | -13.70 | -6.94 | -10.09 | -12.26 | |
| Benchmarks | |||||||
| Interest Coverage, Competitors2 | |||||||
| Amazon.com Inc. | — | 12.80 | -1.51 | 22.09 | 15.69 | 9.73 | |
| Home Depot Inc. | 11.25 | 14.90 | 17.14 | 13.60 | 13.25 | 14.85 | |
| Lowe’s Cos. Inc. | 7.86 | 8.79 | 13.49 | 9.88 | 8.83 | 6.21 | |
| TJX Cos. Inc. | 76.53 | 56.19 | 37.80 | 1.46 | 75.57 | 65.36 | |
| Interest Coverage, Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 13.19 | 7.64 | 15.91 | 14.50 | 11.71 | |
| Interest Coverage, Industry | |||||||
| Consumer Discretionary | — | 12.27 | 9.45 | 13.29 | 7.81 | 9.65 | |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).
1 2024 Calculation
Interest coverage = EBIT ÷ Interest expense
= 13,100 ÷ 0 = —
2 Click competitor name to see calculations.
Fixed Charge Coverage
GameStop Corp., fixed charge coverage calculation, comparison to benchmarks
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income (loss) | 6,700) | (313,100) | (381,300) | (215,300) | (470,900) | (673,000) | |
| Less: Income (loss) from discontinued operations, net of tax | —) | —) | —) | (700) | (6,500) | 121,800) | |
| Add: Income tax expense | 6,400) | 11,000) | (14,100) | (55,300) | 37,600) | 41,700) | |
| Add: Interest expense | —) | —) | 26,900) | 34,000) | 38,500) | 56,800) | |
| Earnings before interest and tax (EBIT) | 13,100) | (302,100) | (368,500) | (235,900) | (388,300) | (696,300) | |
| Add: Operating lease cost | 284,000) | 278,300) | 296,300) | 311,500) | 342,600) | 357,600) | |
| Earnings before fixed charges and tax | 297,100) | (23,800) | (72,200) | 75,600) | (45,700) | (338,700) | |
| Interest expense | —) | —) | 26,900) | 34,000) | 38,500) | 56,800) | |
| Operating lease cost | 284,000) | 278,300) | 296,300) | 311,500) | 342,600) | 357,600) | |
| Fixed charges | 284,000) | 278,300) | 323,200) | 345,500) | 381,100) | 414,400) | |
| Solvency Ratio | |||||||
| Fixed charge coverage1 | 1.05 | -0.09 | -0.22 | 0.22 | -0.12 | -0.82 | |
| Benchmarks | |||||||
| Fixed Charge Coverage, Competitors2 | |||||||
| Amazon.com Inc. | — | 3.73 | 0.47 | 5.24 | 4.63 | 3.65 | |
| Home Depot Inc. | 7.03 | 9.07 | 9.94 | 8.97 | 8.26 | 7.80 | |
| Lowe’s Cos. Inc. | 5.82 | 5.77 | 8.02 | 6.05 | 5.04 | 3.68 | |
| TJX Cos. Inc. | 3.85 | 3.31 | 3.17 | 1.04 | 3.43 | 3.39 | |
| Fixed Charge Coverage, Sector | |||||||
| Consumer Discretionary Distribution & Retail | — | 4.61 | 2.82 | 5.29 | 5.11 | 4.46 | |
| Fixed Charge Coverage, Industry | |||||||
| Consumer Discretionary | — | 4.98 | 3.70 | 5.63 | 3.72 | 4.20 | |
Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).
1 2024 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 297,100 ÷ 284,000 = 1.05
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. | GameStop Corp. fixed charge coverage ratio improved from 2022 to 2023 and from 2023 to 2024. |