Accenture plc (ACN)
Solvency ratios
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 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 | 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 | 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 | 0.00 |
| Financial leverage ratio | 1.98 | 1.95 | 1.89 | 1.93 | 1.99 | 1.98 | 2.01 | 2.05 | 2.14 | 2.16 | 2.16 | 2.15 | 2.21 | 2.18 | 2.18 | 2.14 | 2.18 | 2.19 | 2.17 | 2.19 |
The solvency ratios of Accenture plc, as indicated by the debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio, have consistently remained at 0.00 over the past 5 years, suggesting that the company has not relied on debt financing to support its operations.
However, when looking at the financial leverage ratio, we observe fluctuations over the same period, ranging from 1.89 to 2.21. This indicates that the company's use of debt relative to its equity and assets has varied, with a peak financial leverage ratio of 2.21 in August 2021 and a low of 1.89 in February 2024.
Overall, while the debt-related ratios remain low and stable, the financial leverage ratio shows some variability, reflecting changes in the company's capital structure and leverage position over the past five years. Investors and stakeholders may consider the trend in the financial leverage ratio as it could provide insights into Accenture's leverage and risk management strategies.
Coverage ratios
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 162.86 | 172.29 | 172.48 | 165.73 | 190.53 | 217.34 | 210.18 | 214.68 | 192.98 | 185.78 | 131.64 | 131.86 | 130.05 | 125.56 | 194.69 | 189.73 | 203.50 | 245.47 | 243.02 | 267.31 |
The interest coverage ratio for Accenture plc has shown some fluctuations over the past few years, ranging from a low of 125.56 to a high of 267.31. The ratio measures the company's ability to cover its interest expenses with its operating income. Higher ratios indicate the company is more easily able to meet its interest obligations.
In recent quarters, the interest coverage ratio has generally been strong, with values above 150, indicating a healthy ability to cover interest payments. However, there have been some fluctuations, with a slight decrease in the most recent quarter compared to the previous quarter.
The company's interest coverage ratio has generally been above industry averages, reflecting Accenture's strong financial position and profitability. Overall, the trend in Accenture's interest coverage ratio suggests a solid ability to meet its interest obligations and indicates financial stability.