Agilysys Inc (AGYS)
Solvency ratios
| 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 | 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 | 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 | 1.48 | 1.51 | 2.19 | 2.25 | 2.22 | 2.20 | 2.07 | 2.06 | 2.20 | 2.19 | 2.14 | 2.24 | 2.38 | 2.31 | 2.23 | 2.47 | 2.15 | 1.77 | 1.67 | 1.68 |
Based on the solvency ratios of Agilysys Inc over the past quarters, it is observed that:
1. Debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have consistently remained at 0.00, indicating that the company has been financing its operations without relying on debt to fund its assets or capital structure.
2. The financial leverage ratio has ranged from 1.48 to 2.47 over the past quarters. This ratio measures the proportion of the company's total assets that are financed by debt. The increasing trend in the financial leverage ratio suggests that the company has been taking on more debt relative to its equity over time.
Overall, Agilysys Inc has maintained a low level of debt relative to its assets and capital structure, but there has been an increasing reliance on debt financing as indicated by the rising financial leverage ratio. It is essential for the company to assess its debt levels carefully to ensure sustainable growth and financial stability in the long term.
Coverage ratios
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | — | 2,636.00 | 1,131.11 | 708.55 | 501.85 | -1,540.46 | -1,304.17 | -974.53 | -1,115.26 | — | -2,661.22 | -3,646.22 | -3,761.89 | -347.93 | -1,479.88 | -1,411.00 |
The interest coverage ratio measures a company's ability to pay its interest expenses on outstanding debt. A higher interest coverage ratio indicates a stronger ability to meet interest payments. Looking at Agilysys Inc's interest coverage ratio over the past quarters, we can see fluctuations in the company's ability to cover its interest expenses.
In the most recent quarter ended March 31, 2024, the interest coverage ratio is not available, making it difficult to assess the current status. However, in the previous quarters, the trend shows improvement in the company's ability to cover its interest expenses. For instance, in the quarter ended December 31, 2023, the interest coverage ratio was 2,636.00, indicating a significant improvement from the negative ratios reported in earlier quarters.
It is worth noting that the negative interest coverage ratios reported in some quarters, such as in the quarters ended December 31, 2021, and September 30, 2021, suggest that Agilysys Inc may have struggled to meet its interest obligations with its earnings during those periods. This could be a cause for concern as it indicates a potential financial strain or liquidity issues.
Overall, monitoring Agilysys Inc's interest coverage ratio will be crucial to assess its financial health and ability to service its debt obligations in the future. A sustainable improvement in the interest coverage ratio will be important for investors and creditors to have confidence in the company's financial stability.