Agilysys Inc (AGYS)
Solvency ratios
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | — | 1.73 | 1.70 | 1.40 | 1.48 | 1.51 | 1.68 | 1.71 | 1.68 | 1.68 | 1.55 | 1.53 | 1.61 | 1.59 | 1.53 | 1.59 | 1.65 | 1.62 | 1.53 | 1.65 |
Agilysys Inc has consistently maintained a Debt-to-assets ratio of 0.00 over the years, indicating that the company has no debt in relation to its total assets. This suggests a strong financial position and low financial risk.
Similarly, the Debt-to-capital ratio and Debt-to-equity ratio have also remained at 0.00 throughout the period, indicating that the company's capital structure is not reliant on debt, but rather on equity financing. This signals a conservative approach to managing finances and a lower risk of financial distress.
The Financial leverage ratio, which measures the extent of a company's financial leverage, has shown some fluctuations over the years but generally remained in the range of 1.40 to 1.73. A lower financial leverage ratio suggests lower financial risk and less reliance on debt financing, which aligns with the company's stable debt ratios.
Overall, based on the solvency ratios analyzed, Agilysys Inc appears to have a strong and stable financial position with minimal debt levels and a conservative approach to capital structure.
Coverage ratios
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 18.44 | 22.79 | 51.33 | — | — | 19.44 | 9.12 | 8.23 | 9.18 | 17.13 | 852.42 | 737.25 | 642.08 | -1,449.54 | -1,241.11 | -967.68 | -1,115.26 | 298.24 | 84.30 | -184.36 |
Agilysys Inc's interest coverage ratio has shown significant fluctuation over the past few years. The interest coverage ratio measures the company's ability to meet its interest obligations with its operating income. A higher ratio indicates a more comfortable position in terms of servicing debt.
Initially, in June 2020, the interest coverage ratio was negative at -184.36, indicating that the company was not generating enough operating income to cover its interest expenses. However, by December 2020, the ratio improved significantly to 298.24, suggesting a better ability to cover interest payments.
Subsequently, the interest coverage ratio turned negative again in March 2021 and continued on a downward trend in the following quarters, reaching the lowest point in December 2021 at -1,449.54. This indicates a concerning situation where the company's operating income was insufficient to cover its interest expenses by a significant margin.
From March 2022 onwards, there was a notable turnaround in the interest coverage ratio, with the company showing improvement quarter by quarter. The ratio increased to 852.42 by September 2022 and continued to rise, reaching 18.44 in March 2025.
Overall, the fluctuating trend in Agilysys Inc's interest coverage ratio highlights the company's varying ability to fulfill its interest obligations with its operating income. It is crucial for investors and stakeholders to closely monitor this ratio to assess the company's financial health and debt repayment capabilities.