Arcosa Inc (ACA)
Solvency ratios
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.53 | 1.51 | 1.53 | 1.52 | 1.53 | 1.66 | 1.67 | 1.65 | 1.63 | 1.70 | 1.61 | 1.39 | 1.40 | 1.40 | 1.38 | 1.44 | 1.29 | 1.26 | 1.25 |
The solvency ratios of Arcosa Inc indicate the company's ability to meet its long-term debt obligations.
The Debt-to-assets ratio has remained relatively stable over the quarters, ranging between 0.15 and 0.16. This suggests that Arcosa has been effective in managing its debt levels in relation to its total assets.
The Debt-to-capital ratio has also exhibited consistency, fluctuating between 0.18 and 0.20. This ratio indicates the proportion of a company's capital that is funded through debt, and the stability suggests a balanced capital structure.
The Debt-to-equity ratio has shown a slight increase from 0.22 to 0.24 over the quarters. This ratio highlights the amount of leverage used by the company and the increase may indicate a higher reliance on debt financing compared to equity.
The Financial leverage ratio has shown a stable trend around 1.51 to 1.53, indicating that Arcosa has maintained a consistent level of financial leverage over the quarters. This ratio reflects the company's financial risk and the stability suggests a relatively low financial risk profile.
Overall, Arcosa Inc's solvency ratios suggest a well-managed financial position with a balanced approach to debt utilization and capital structure. The company's stable and consistent ratios indicate a level of financial stability and an ability to meet its long-term obligations.
Coverage ratios
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 7.97 | 13.65 | 12.78 | 12.63 | 11.20 | 5.03 | 4.85 | 4.15 | 4.57 | 5.74 | 8.30 | 13.39 | 14.04 | 16.44 | 17.76 | 19.68 | 22.59 | 25.52 | 26.41 |
Arcosa Inc's interest coverage ratio has shown a positive trend over the past eight quarters, indicating the company's ability to meet its interest obligations with its operating income. The ratio has consistently remained above 1, reflecting that the company's operating profit is sufficient to cover its interest expenses.
In Q4 2023, Arcosa Inc's interest coverage ratio stood at 7.81, the highest among the data points provided. This suggests that the company's operating income was nearly 8 times its interest expenses during that period.
The gradual increase in the interest coverage ratio from Q1 2022 to Q4 2023 indicates improving financial health and efficiency in managing the company's debt obligations. This trend demonstrates the company's capacity to service its debt and suggests a lower risk of default.
Overall, Arcosa Inc's interest coverage ratio portrays a positive financial performance and indicates a strong ability to handle interest payments with its operating income, providing confidence to stakeholders and creditors regarding the company's financial stability.