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)
Salesforce Inc., solvency ratios
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Salesforce Inc. debt to equity ratio improved from 2023 to 2024 and from 2024 to 2025. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Salesforce Inc. debt to equity ratio (including operating lease liability) improved from 2023 to 2024 and from 2024 to 2025. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Salesforce Inc. debt to capital ratio improved from 2023 to 2024 and from 2024 to 2025. |
| 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. | Salesforce Inc. debt to capital ratio (including operating lease liability) improved from 2023 to 2024 and from 2024 to 2025. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Salesforce Inc. debt to assets ratio improved from 2023 to 2024 and from 2024 to 2025. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Salesforce Inc. debt to assets ratio (including operating lease liability) improved from 2023 to 2024 and from 2024 to 2025. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Salesforce Inc. financial leverage ratio decreased from 2023 to 2024 but then slightly increased from 2024 to 2025. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Salesforce Inc. interest coverage ratio improved from 2023 to 2024 and from 2024 to 2025. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Salesforce Inc. fixed charge coverage ratio improved from 2023 to 2024 and from 2024 to 2025. |
Debt to Equity
Salesforce Inc., debt to equity calculation, comparison to benchmarks
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Finance lease liabilities, current | 337) | 372) | 257) | 114) | 35) | 53) | |
| Debt, current | —) | 999) | 1,182) | 4) | 4) | 4) | |
| Noncurrent debt, excluding current portion | 8,433) | 8,427) | 9,419) | 10,592) | 2,673) | 2,673) | |
| Noncurrent finance lease liabilities | 341) | 602) | 534) | 271) | 93) | 332) | |
| Total debt | 9,111) | 10,400) | 11,392) | 10,981) | 2,805) | 3,062) | |
| Stockholders’ equity | 61,173) | 59,646) | 58,359) | 58,131) | 41,493) | 33,885) | |
| Solvency Ratio | |||||||
| Debt to equity1 | 0.15 | 0.17 | 0.20 | 0.19 | 0.07 | 0.09 | |
| Benchmarks | |||||||
| Debt to Equity, Competitors2 | |||||||
| Accenture PLC | — | 0.04 | 0.01 | 0.00 | 0.00 | 0.00 | |
| Adobe Inc. | — | 0.40 | 0.22 | 0.29 | 0.28 | 0.31 | |
| Cadence Design Systems Inc. | — | 0.53 | 0.19 | 0.27 | 0.13 | 0.14 | |
| CrowdStrike Holdings Inc. | 0.23 | 0.32 | 0.51 | 0.72 | 0.85 | 0.00 | |
| International Business Machines Corp. | — | 2.01 | 2.51 | 2.32 | 2.74 | 2.99 | |
| Intuit Inc. | — | 0.33 | 0.35 | 0.42 | 0.21 | 0.66 | |
| Microsoft Corp. | — | 0.29 | 0.31 | 0.39 | 0.50 | 0.62 | |
| Oracle Corp. | — | 9.98 | 84.33 | — | 16.08 | 5.93 | |
| Palantir Technologies Inc. | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 | |
| Palo Alto Networks Inc. | — | 0.19 | 1.14 | 17.51 | 5.08 | 2.80 | |
| ServiceNow Inc. | — | 0.15 | 0.20 | 0.30 | 0.43 | 0.58 | |
| Synopsys Inc. | — | 0.00 | 0.00 | 0.00 | 0.02 | 0.03 | |
| Workday Inc. | 0.33 | 0.37 | 0.53 | 0.41 | 0.55 | 0.51 | |
| Debt to Equity, Sector | |||||||
| Software & Services | — | 0.54 | 0.64 | 0.71 | 0.83 | 0.94 | |
| Debt to Equity, Industry | |||||||
| Information Technology | — | 0.61 | 0.66 | 0.70 | 0.83 | 0.97 | |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
1 2025 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 9,111 ÷ 61,173 = 0.15
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. | Salesforce Inc. debt to equity ratio improved from 2023 to 2024 and from 2024 to 2025. |
Debt to Equity (including Operating Lease Liability)
Salesforce Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Finance lease liabilities, current | 337) | 372) | 257) | 114) | 35) | 53) | |
| Debt, current | —) | 999) | 1,182) | 4) | 4) | 4) | |
| Noncurrent debt, excluding current portion | 8,433) | 8,427) | 9,419) | 10,592) | 2,673) | 2,673) | |
| Noncurrent finance lease liabilities | 341) | 602) | 534) | 271) | 93) | 332) | |
| Total debt | 9,111) | 10,400) | 11,392) | 10,981) | 2,805) | 3,062) | |
| Operating lease liabilities, current | 579) | 518) | 590) | 686) | 766) | 750) | |
| Noncurrent operating lease liabilities | 2,380) | 2,644) | 2,897) | 2,703) | 2,842) | 2,445) | |
| Total debt (including operating lease liability) | 12,070) | 13,562) | 14,879) | 14,370) | 6,413) | 6,257) | |
| Stockholders’ equity | 61,173) | 59,646) | 58,359) | 58,131) | 41,493) | 33,885) | |
| Solvency Ratio | |||||||
| Debt to equity (including operating lease liability)1 | 0.20 | 0.23 | 0.25 | 0.25 | 0.15 | 0.18 | |
| Benchmarks | |||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||
| Accenture PLC | — | 0.15 | 0.12 | 0.15 | 0.18 | 0.21 | |
| Adobe Inc. | — | 0.43 | 0.25 | 0.33 | 0.32 | 0.35 | |
| Cadence Design Systems Inc. | — | 0.56 | 0.24 | 0.34 | 0.18 | 0.20 | |
| CrowdStrike Holdings Inc. | 0.24 | 0.34 | 0.54 | 0.76 | 0.89 | 0.00 | |
| International Business Machines Corp. | — | 2.14 | 2.66 | 2.46 | 2.92 | 3.23 | |
| Intuit Inc. | — | 0.36 | 0.39 | 0.46 | 0.25 | 0.71 | |
| Microsoft Corp. | — | 0.36 | 0.39 | 0.47 | 0.58 | 0.69 | |
| Oracle Corp. | — | 10.85 | 88.84 | — | 16.61 | 6.10 | |
| Palantir Technologies Inc. | — | 0.05 | 0.07 | 0.10 | 0.11 | 0.30 | |
| Palo Alto Networks Inc. | — | 0.27 | 1.33 | 19.12 | 5.68 | 3.16 | |
| ServiceNow Inc. | — | 0.24 | 0.30 | 0.44 | 0.60 | 0.75 | |
| Synopsys Inc. | — | 0.08 | 0.11 | 0.12 | 0.13 | 0.14 | |
| Workday Inc. | 0.37 | 0.41 | 0.58 | 0.46 | 0.68 | 0.63 | |
| Debt to Equity (including Operating Lease Liability), Sector | |||||||
| Software & Services | — | 0.62 | 0.73 | 0.80 | 0.93 | 1.05 | |
| Debt to Equity (including Operating Lease Liability), Industry | |||||||
| Information Technology | — | 0.67 | 0.72 | 0.77 | 0.90 | 1.04 | |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
1 2025 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 12,070 ÷ 61,173 = 0.20
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. | Salesforce Inc. debt to equity ratio (including operating lease liability) improved from 2023 to 2024 and from 2024 to 2025. |
Debt to Capital
Salesforce Inc., debt to capital calculation, comparison to benchmarks
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Finance lease liabilities, current | 337) | 372) | 257) | 114) | 35) | 53) | |
| Debt, current | —) | 999) | 1,182) | 4) | 4) | 4) | |
| Noncurrent debt, excluding current portion | 8,433) | 8,427) | 9,419) | 10,592) | 2,673) | 2,673) | |
| Noncurrent finance lease liabilities | 341) | 602) | 534) | 271) | 93) | 332) | |
| Total debt | 9,111) | 10,400) | 11,392) | 10,981) | 2,805) | 3,062) | |
| Stockholders’ equity | 61,173) | 59,646) | 58,359) | 58,131) | 41,493) | 33,885) | |
| Total capital | 70,284) | 70,046) | 69,751) | 69,112) | 44,298) | 36,947) | |
| Solvency Ratio | |||||||
| Debt to capital1 | 0.13 | 0.15 | 0.16 | 0.16 | 0.06 | 0.08 | |
| Benchmarks | |||||||
| Debt to Capital, Competitors2 | |||||||
| Accenture PLC | — | 0.03 | 0.01 | 0.00 | 0.00 | 0.00 | |
| Adobe Inc. | — | 0.29 | 0.18 | 0.23 | 0.22 | 0.24 | |
| Cadence Design Systems Inc. | — | 0.35 | 0.16 | 0.21 | 0.11 | 0.12 | |
| CrowdStrike Holdings Inc. | 0.18 | 0.24 | 0.34 | 0.42 | 0.46 | 0.00 | |
| International Business Machines Corp. | — | 0.67 | 0.72 | 0.70 | 0.73 | 0.75 | |
| Intuit Inc. | — | 0.25 | 0.26 | 0.30 | 0.17 | 0.40 | |
| Microsoft Corp. | — | 0.23 | 0.24 | 0.28 | 0.33 | 0.38 | |
| Oracle Corp. | — | 0.91 | 0.99 | 1.09 | 0.94 | 0.86 | |
| Palantir Technologies Inc. | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 | |
| Palo Alto Networks Inc. | — | 0.16 | 0.53 | 0.95 | 0.84 | 0.74 | |
| ServiceNow Inc. | — | 0.13 | 0.16 | 0.23 | 0.30 | 0.37 | |
| Synopsys Inc. | — | 0.00 | 0.00 | 0.00 | 0.02 | 0.03 | |
| Workday Inc. | 0.25 | 0.27 | 0.35 | 0.29 | 0.35 | 0.34 | |
| Debt to Capital, Sector | |||||||
| Software & Services | — | 0.35 | 0.39 | 0.41 | 0.45 | 0.49 | |
| Debt to Capital, Industry | |||||||
| Information Technology | — | 0.38 | 0.40 | 0.41 | 0.45 | 0.49 | |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
1 2025 Calculation
Debt to capital = Total debt ÷ Total capital
= 9,111 ÷ 70,284 = 0.13
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. | Salesforce Inc. debt to capital ratio improved from 2023 to 2024 and from 2024 to 2025. |
Debt to Capital (including Operating Lease Liability)
Salesforce Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Finance lease liabilities, current | 337) | 372) | 257) | 114) | 35) | 53) | |
| Debt, current | —) | 999) | 1,182) | 4) | 4) | 4) | |
| Noncurrent debt, excluding current portion | 8,433) | 8,427) | 9,419) | 10,592) | 2,673) | 2,673) | |
| Noncurrent finance lease liabilities | 341) | 602) | 534) | 271) | 93) | 332) | |
| Total debt | 9,111) | 10,400) | 11,392) | 10,981) | 2,805) | 3,062) | |
| Operating lease liabilities, current | 579) | 518) | 590) | 686) | 766) | 750) | |
| Noncurrent operating lease liabilities | 2,380) | 2,644) | 2,897) | 2,703) | 2,842) | 2,445) | |
| Total debt (including operating lease liability) | 12,070) | 13,562) | 14,879) | 14,370) | 6,413) | 6,257) | |
| Stockholders’ equity | 61,173) | 59,646) | 58,359) | 58,131) | 41,493) | 33,885) | |
| Total capital (including operating lease liability) | 73,243) | 73,208) | 73,238) | 72,501) | 47,906) | 40,142) | |
| Solvency Ratio | |||||||
| Debt to capital (including operating lease liability)1 | 0.16 | 0.19 | 0.20 | 0.20 | 0.13 | 0.16 | |
| Benchmarks | |||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||
| Accenture PLC | — | 0.13 | 0.11 | 0.13 | 0.15 | 0.17 | |
| Adobe Inc. | — | 0.30 | 0.20 | 0.25 | 0.24 | 0.26 | |
| Cadence Design Systems Inc. | — | 0.36 | 0.19 | 0.25 | 0.15 | 0.17 | |
| CrowdStrike Holdings Inc. | 0.19 | 0.26 | 0.35 | 0.43 | 0.47 | 0.00 | |
| International Business Machines Corp. | — | 0.68 | 0.73 | 0.71 | 0.74 | 0.76 | |
| Intuit Inc. | — | 0.26 | 0.28 | 0.31 | 0.20 | 0.42 | |
| Microsoft Corp. | — | 0.27 | 0.28 | 0.32 | 0.37 | 0.41 | |
| Oracle Corp. | — | 0.92 | 0.99 | 1.08 | 0.94 | 0.86 | |
| Palantir Technologies Inc. | — | 0.05 | 0.06 | 0.09 | 0.10 | 0.23 | |
| Palo Alto Networks Inc. | — | 0.21 | 0.57 | 0.95 | 0.85 | 0.76 | |
| ServiceNow Inc. | — | 0.19 | 0.23 | 0.31 | 0.37 | 0.43 | |
| Synopsys Inc. | — | 0.07 | 0.10 | 0.11 | 0.11 | 0.12 | |
| Workday Inc. | 0.27 | 0.29 | 0.37 | 0.32 | 0.41 | 0.39 | |
| Debt to Capital (including Operating Lease Liability), Sector | |||||||
| Software & Services | — | 0.38 | 0.42 | 0.45 | 0.48 | 0.51 | |
| Debt to Capital (including Operating Lease Liability), Industry | |||||||
| Information Technology | — | 0.40 | 0.42 | 0.43 | 0.47 | 0.51 | |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
1 2025 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 12,070 ÷ 73,243 = 0.16
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. | Salesforce Inc. debt to capital ratio (including operating lease liability) improved from 2023 to 2024 and from 2024 to 2025. |
Debt to Assets
Salesforce Inc., debt to assets calculation, comparison to benchmarks
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Finance lease liabilities, current | 337) | 372) | 257) | 114) | 35) | 53) | |
| Debt, current | —) | 999) | 1,182) | 4) | 4) | 4) | |
| Noncurrent debt, excluding current portion | 8,433) | 8,427) | 9,419) | 10,592) | 2,673) | 2,673) | |
| Noncurrent finance lease liabilities | 341) | 602) | 534) | 271) | 93) | 332) | |
| Total debt | 9,111) | 10,400) | 11,392) | 10,981) | 2,805) | 3,062) | |
| Total assets | 102,928) | 99,823) | 98,849) | 95,209) | 66,301) | 55,126) | |
| Solvency Ratio | |||||||
| Debt to assets1 | 0.09 | 0.10 | 0.12 | 0.12 | 0.04 | 0.06 | |
| Benchmarks | |||||||
| Debt to Assets, Competitors2 | |||||||
| Accenture PLC | — | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Adobe Inc. | — | 0.19 | 0.12 | 0.15 | 0.15 | 0.17 | |
| Cadence Design Systems Inc. | — | 0.28 | 0.11 | 0.15 | 0.08 | 0.09 | |
| CrowdStrike Holdings Inc. | 0.09 | 0.11 | 0.15 | 0.20 | 0.27 | 0.00 | |
| International Business Machines Corp. | — | 0.40 | 0.42 | 0.40 | 0.39 | 0.39 | |
| Intuit Inc. | — | 0.19 | 0.22 | 0.25 | 0.13 | 0.31 | |
| Microsoft Corp. | — | 0.15 | 0.16 | 0.18 | 0.21 | 0.24 | |
| Oracle Corp. | — | 0.62 | 0.67 | 0.69 | 0.64 | 0.62 | |
| Palantir Technologies Inc. | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | |
| Palo Alto Networks Inc. | — | 0.05 | 0.14 | 0.30 | 0.31 | 0.34 | |
| ServiceNow Inc. | — | 0.07 | 0.09 | 0.11 | 0.15 | 0.19 | |
| Synopsys Inc. | — | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | |
| Workday Inc. | 0.17 | 0.18 | 0.22 | 0.18 | 0.21 | 0.19 | |
| Debt to Assets, Sector | |||||||
| Software & Services | — | 0.23 | 0.25 | 0.26 | 0.28 | 0.30 | |
| Debt to Assets, Industry | |||||||
| Information Technology | — | 0.25 | 0.26 | 0.26 | 0.29 | 0.31 | |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
1 2025 Calculation
Debt to assets = Total debt ÷ Total assets
= 9,111 ÷ 102,928 = 0.09
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. | Salesforce Inc. debt to assets ratio improved from 2023 to 2024 and from 2024 to 2025. |
Debt to Assets (including Operating Lease Liability)
Salesforce Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Finance lease liabilities, current | 337) | 372) | 257) | 114) | 35) | 53) | |
| Debt, current | —) | 999) | 1,182) | 4) | 4) | 4) | |
| Noncurrent debt, excluding current portion | 8,433) | 8,427) | 9,419) | 10,592) | 2,673) | 2,673) | |
| Noncurrent finance lease liabilities | 341) | 602) | 534) | 271) | 93) | 332) | |
| Total debt | 9,111) | 10,400) | 11,392) | 10,981) | 2,805) | 3,062) | |
| Operating lease liabilities, current | 579) | 518) | 590) | 686) | 766) | 750) | |
| Noncurrent operating lease liabilities | 2,380) | 2,644) | 2,897) | 2,703) | 2,842) | 2,445) | |
| Total debt (including operating lease liability) | 12,070) | 13,562) | 14,879) | 14,370) | 6,413) | 6,257) | |
| Total assets | 102,928) | 99,823) | 98,849) | 95,209) | 66,301) | 55,126) | |
| Solvency Ratio | |||||||
| Debt to assets (including operating lease liability)1 | 0.12 | 0.14 | 0.15 | 0.15 | 0.10 | 0.11 | |
| Benchmarks | |||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||
| Accenture PLC | — | 0.07 | 0.06 | 0.07 | 0.08 | 0.09 | |
| Adobe Inc. | — | 0.20 | 0.14 | 0.17 | 0.17 | 0.19 | |
| Cadence Design Systems Inc. | — | 0.29 | 0.14 | 0.18 | 0.11 | 0.13 | |
| CrowdStrike Holdings Inc. | 0.09 | 0.12 | 0.16 | 0.21 | 0.29 | 0.00 | |
| International Business Machines Corp. | — | 0.43 | 0.44 | 0.42 | 0.42 | 0.43 | |
| Intuit Inc. | — | 0.20 | 0.24 | 0.27 | 0.16 | 0.33 | |
| Microsoft Corp. | — | 0.19 | 0.19 | 0.21 | 0.25 | 0.27 | |
| Oracle Corp. | — | 0.67 | 0.71 | 0.73 | 0.66 | 0.64 | |
| Palantir Technologies Inc. | — | 0.04 | 0.05 | 0.07 | 0.08 | 0.17 | |
| Palo Alto Networks Inc. | — | 0.07 | 0.16 | 0.33 | 0.35 | 0.38 | |
| ServiceNow Inc. | — | 0.11 | 0.13 | 0.17 | 0.21 | 0.24 | |
| Synopsys Inc. | — | 0.05 | 0.07 | 0.07 | 0.08 | 0.08 | |
| Workday Inc. | 0.19 | 0.20 | 0.24 | 0.20 | 0.26 | 0.23 | |
| Debt to Assets (including Operating Lease Liability), Sector | |||||||
| Software & Services | — | 0.27 | 0.29 | 0.30 | 0.32 | 0.34 | |
| Debt to Assets (including Operating Lease Liability), Industry | |||||||
| Information Technology | — | 0.27 | 0.28 | 0.29 | 0.31 | 0.33 | |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
1 2025 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 12,070 ÷ 102,928 = 0.12
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. | Salesforce Inc. debt to assets ratio (including operating lease liability) improved from 2023 to 2024 and from 2024 to 2025. |
Financial Leverage
Salesforce Inc., financial leverage calculation, comparison to benchmarks
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Total assets | 102,928) | 99,823) | 98,849) | 95,209) | 66,301) | 55,126) | |
| Stockholders’ equity | 61,173) | 59,646) | 58,359) | 58,131) | 41,493) | 33,885) | |
| Solvency Ratio | |||||||
| Financial leverage1 | 1.68 | 1.67 | 1.69 | 1.64 | 1.60 | 1.63 | |
| Benchmarks | |||||||
| Financial Leverage, Competitors2 | |||||||
| Accenture PLC | — | 1.98 | 1.99 | 2.14 | 2.21 | 2.18 | |
| Adobe Inc. | — | 2.14 | 1.80 | 1.93 | 1.84 | 1.83 | |
| Cadence Design Systems Inc. | — | 1.92 | 1.67 | 1.87 | 1.60 | 1.58 | |
| CrowdStrike Holdings Inc. | 2.65 | 2.88 | 3.43 | 3.53 | 3.14 | 1.89 | |
| International Business Machines Corp. | — | 5.02 | 6.00 | 5.80 | 6.98 | 7.57 | |
| Intuit Inc. | — | 1.74 | 1.61 | 1.69 | 1.57 | 2.14 | |
| Microsoft Corp. | — | 1.91 | 2.00 | 2.19 | 2.35 | 2.55 | |
| Oracle Corp. | — | 16.20 | 125.24 | — | 25.03 | 9.56 | |
| Palantir Technologies Inc. | — | 1.27 | 1.30 | 1.35 | 1.42 | 1.77 | |
| Palo Alto Networks Inc. | — | 3.87 | 8.29 | 58.35 | 16.14 | 8.23 | |
| ServiceNow Inc. | — | 2.12 | 2.28 | 2.64 | 2.92 | 3.07 | |
| Synopsys Inc. | — | 1.45 | 1.68 | 1.71 | 1.65 | 1.64 | |
| Workday Inc. | 1.99 | 2.04 | 2.41 | 2.31 | 2.66 | 2.74 | |
| Financial Leverage, Sector | |||||||
| Software & Services | — | 2.35 | 2.55 | 2.72 | 2.95 | 3.13 | |
| Financial Leverage, Industry | |||||||
| Information Technology | — | 2.45 | 2.55 | 2.68 | 2.89 | 3.12 | |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
1 2025 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 102,928 ÷ 61,173 = 1.68
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. | Salesforce Inc. financial leverage ratio decreased from 2023 to 2024 but then slightly increased from 2024 to 2025. |
Interest Coverage
Salesforce Inc., interest coverage calculation, comparison to benchmarks
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net income | 6,197) | 4,136) | 208) | 1,444) | 4,072) | 126) | |
| Add: Income tax expense | 1,241) | 814) | 452) | 88) | (1,511) | 580) | |
| Add: Interest expense | 272) | 283) | 300) | 221) | 125) | 130) | |
| Earnings before interest and tax (EBIT) | 7,710) | 5,233) | 960) | 1,753) | 2,686) | 836) | |
| Solvency Ratio | |||||||
| Interest coverage1 | 28.35 | 18.49 | 3.20 | 7.93 | 21.49 | 6.43 | |
| Benchmarks | |||||||
| Interest Coverage, Competitors2 | |||||||
| Accenture PLC | — | 165.48 | 193.31 | 195.34 | 131.46 | 205.84 | |
| Adobe Inc. | — | 42.01 | 61.17 | 54.64 | 51.49 | 37.00 | |
| Cadence Design Systems Inc. | — | 19.37 | 36.43 | 46.58 | 46.26 | 31.50 | |
| CrowdStrike Holdings Inc. | 3.07 | 5.77 | -5.31 | -5.34 | -55.36 | -315.25 | |
| International Business Machines Corp. | — | 4.40 | 6.42 | 1.97 | 5.20 | 4.62 | |
| Intuit Inc. | — | 15.67 | 13.05 | 32.38 | 89.14 | 158.00 | |
| Microsoft Corp. | — | 37.72 | 46.38 | 41.58 | 31.31 | 21.47 | |
| Oracle Corp. | — | 4.39 | 3.65 | 3.84 | 6.28 | 7.13 | |
| Palantir Technologies Inc. | — | — | 69.33 | -87.97 | -133.20 | -82.39 | |
| Palo Alto Networks Inc. | — | 120.07 | 21.82 | -6.56 | -1.85 | -1.61 | |
| ServiceNow Inc. | — | 76.57 | 43.00 | 15.78 | 9.89 | 5.56 | |
| Synopsys Inc. | — | 44.06 | 1,106.08 | 657.96 | 240.38 | 125.16 | |
| Workday Inc. | 6.60 | 4.12 | -1.54 | 1.97 | -3.00 | -7.22 | |
| Interest Coverage, Sector | |||||||
| Software & Services | — | 18.10 | 17.34 | 18.20 | 17.38 | 14.02 | |
| Interest Coverage, Industry | |||||||
| Information Technology | — | 19.65 | 17.77 | 22.75 | 19.95 | 14.17 | |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
1 2025 Calculation
Interest coverage = EBIT ÷ Interest expense
= 7,710 ÷ 272 = 28.35
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. | Salesforce Inc. interest coverage ratio improved from 2023 to 2024 and from 2024 to 2025. |
Fixed Charge Coverage
Salesforce Inc., fixed charge coverage calculation, comparison to benchmarks
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net income | 6,197) | 4,136) | 208) | 1,444) | 4,072) | 126) | |
| Add: Income tax expense | 1,241) | 814) | 452) | 88) | (1,511) | 580) | |
| Add: Interest expense | 272) | 283) | 300) | 221) | 125) | 130) | |
| Earnings before interest and tax (EBIT) | 7,710) | 5,233) | 960) | 1,753) | 2,686) | 836) | |
| Add: Operating lease cost | 684) | 1,041) | 986) | 1,080) | 1,208) | 913) | |
| Earnings before fixed charges and tax | 8,394) | 6,274) | 1,946) | 2,833) | 3,894) | 1,749) | |
| Interest expense | 272) | 283) | 300) | 221) | 125) | 130) | |
| Operating lease cost | 684) | 1,041) | 986) | 1,080) | 1,208) | 913) | |
| Fixed charges | 956) | 1,324) | 1,286) | 1,301) | 1,333) | 1,043) | |
| Solvency Ratio | |||||||
| Fixed charge coverage1 | 8.78 | 4.74 | 1.51 | 2.18 | 2.92 | 1.68 | |
| Benchmarks | |||||||
| Fixed Charge Coverage, Competitors2 | |||||||
| Accenture PLC | — | 13.46 | 10.98 | 12.25 | 10.41 | 9.66 | |
| Adobe Inc. | — | 26.20 | 30.56 | 26.79 | 25.59 | 18.77 | |
| Cadence Design Systems Inc. | — | 11.13 | 14.79 | 15.50 | 13.77 | 11.46 | |
| CrowdStrike Holdings Inc. | 2.25 | 3.98 | -3.39 | -3.39 | -6.40 | -12.01 | |
| International Business Machines Corp. | — | 3.13 | 4.32 | 1.52 | 3.13 | 2.62 | |
| Intuit Inc. | — | 11.14 | 9.03 | 14.67 | 25.58 | 27.48 | |
| Microsoft Corp. | — | 17.61 | 19.44 | 19.50 | 16.90 | 12.44 | |
| Oracle Corp. | — | 3.53 | 3.12 | 3.22 | 5.17 | 5.68 | |
| Palantir Technologies Inc. | — | 9.48 | 4.62 | -5.06 | -7.89 | -16.41 | |
| Palo Alto Networks Inc. | — | 12.78 | 7.20 | -1.18 | -1.09 | -0.52 | |
| ServiceNow Inc. | — | 12.36 | 7.59 | 3.87 | 2.95 | 2.29 | |
| Synopsys Inc. | — | 12.88 | 14.38 | 12.91 | 9.29 | 7.46 | |
| Workday Inc. | 3.69 | 2.60 | -0.29 | 1.15 | -0.69 | -2.35 | |
| Fixed Charge Coverage, Sector | |||||||
| Software & Services | — | 9.99 | 9.50 | 9.45 | 9.23 | 7.44 | |
| Fixed Charge Coverage, Industry | |||||||
| Information Technology | — | 12.46 | 11.37 | 13.48 | 12.23 | 9.05 | |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).
1 2025 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 8,394 ÷ 956 = 8.78
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. | Salesforce Inc. fixed charge coverage ratio improved from 2023 to 2024 and from 2024 to 2025. |