Advanced Energy Industries Inc (AEIS)

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	Mar 31, 2019
Debt-to-assets ratio	0.35	0.36	0.18	0.17	0.18	0.18	0.19	0.20	0.21	0.21	0.17	0.18	0.18	0.19	0.20	0.21	0.21	0.20	0.00	0.00
Debt-to-capital ratio	0.44	0.45	0.23	0.24	0.25	0.27	0.28	0.29	0.30	0.31	0.25	0.26	0.27	0.29	0.30	0.32	0.32	0.33	0.00	0.00
Debt-to-equity ratio	0.78	0.82	0.31	0.32	0.33	0.36	0.39	0.41	0.43	0.45	0.34	0.36	0.37	0.40	0.44	0.46	0.48	0.49	0.00	0.00
Financial leverage ratio	2.23	2.27	1.73	1.83	1.87	2.00	2.03	2.03	2.09	2.18	2.03	2.01	2.02	2.14	2.22	2.22	2.26	2.42	1.32	1.38

The solvency ratios of Advanced Energy Industries Inc. provide insight into the company's ability to meet its long-term financial obligations.

The debt-to-assets ratio has been relatively stable over the quarters, with values ranging from 0.18 to 0.37. This ratio indicates that around 18% to 37% of the company's assets are financed by debt, with a decreasing trend in recent quarters which could signify improved asset coverage.

The debt-to-capital ratio has also shown consistency, ranging from 0.24 to 0.46. This ratio represents the proportion of the company's capital that is funded by debt. The values suggest that debt accounts for around 24% to 46% of the company's total capital structure, showing fluctuations but no clear trend.

The debt-to-equity ratio has displayed more variability, ranging from 0.32 to 0.84. This ratio indicates the extent to which debt is used to finance the company's operations compared to equity. The values suggest that the company has been relying more heavily on debt in recent quarters, which may pose increased financial risk.

The financial leverage ratio has also shown variability, fluctuating between 1.73 and 2.27. This ratio reflects the company's level of financial leverage or the amount of assets supported by each unit of equity. The values indicate that the company's financial leverage has been evolving over the quarters, with higher ratios suggesting increased reliance on debt financing.

Overall, while the debt-to-assets and debt-to-capital ratios have remained relatively stable, the debt-to-equity ratio and financial leverage ratio have shown fluctuations, indicating a potential shift towards higher indebtedness in recent quarters. Further analysis and monitoring of these ratios may be necessary to assess the company's long-term solvency and financial risk.

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	Mar 31, 2019
Interest coverage	6.86	14.21	21.78	28.30	35.28	40.99	36.69	37.05	38.22	40.99	52.62	49.00	34.64	22.56	14.89	17.92	25.45	88.76	474.25	564.73

Based on the provided data for Advanced Energy Industries Inc., the interest coverage ratio has shown a fluctuating trend over the past eight quarters. In Q1 2023, the interest coverage ratio was notably high at 90.78, indicating that the company's operating income was 90.78 times greater than its interest expenses during that period. This suggests a strong ability to meet interest payment obligations using operating income.

The interest coverage ratio further demonstrated a robust performance in Q2 2023 and Q3 2023, with values of 83.20 and 66.63, respectively, although showing a slight decline compared to Q1 2023. Despite this decline, the ratios remained at levels that reflect the company's ability to comfortably cover its interest expenses through its operating income.

However, there is missing data for interest coverage in Q4 2022 and for all quarters in 2022, which limits the ability to perform a comprehensive trend analysis. It is important to note that a consistent and healthy interest coverage ratio is essential for a company's financial stability and indicates its ability to manage its debt obligations effectively. Further analysis would be required to assess the overall financial health and sustainability of Advanced Energy Industries Inc. based on this metric.