Albany International Corporation (AIN)

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 0.25 0.26 0.29 0.29 0.27 0.28 0.30 0.27 0.22 0.23 0.23 0.25 0.26 0.28 0.30 0.33 0.29 0.30 0.33 0.34
Debt-to-capital ratio 0.32 0.34 0.35 0.35 0.34 0.35 0.37 0.33 0.29 0.29 0.29 0.32 0.33 0.36 0.38 0.42 0.38 0.39 0.43 0.44
Debt-to-equity ratio 0.47 0.51 0.53 0.55 0.51 0.55 0.59 0.50 0.40 0.40 0.40 0.47 0.49 0.56 0.62 0.74 0.61 0.64 0.74 0.79
Financial leverage ratio 1.91 1.96 1.88 1.90 1.90 1.93 1.97 1.84 1.78 1.76 1.77 1.84 1.90 2.00 2.08 2.22 2.11 2.13 2.25 2.32

Based on the data provided for Albany International Corp.'s solvency ratios, we can observe the following trends:

1. Debt-to-assets ratio: This ratio measures the proportion of a company's assets financed by debt. Albany International Corp. has shown a decreasing trend in this ratio over the past two years, from 0.27 in Q4 2022 to 0.25 in Q4 2023. This indicates that the company has been reducing its reliance on debt to finance its assets.

2. Debt-to-capital ratio: The debt-to-capital ratio reflects the percentage of a company's capital structure that is debt. Albany International Corp. has maintained a relatively stable debt-to-capital ratio, hovering around 0.35 in the past few quarters. This suggests that the company's capital structure has a consistent level of debt financing.

3. Debt-to-equity ratio: This ratio compares a company's total debt to its total equity, providing insights into the balance between debt and equity in a company's capital structure. Albany International Corp. has shown fluctuations in its debt-to-equity ratio over the quarters, with a peak of 0.55 in Q1 2023 and a trough of 0.48 in Q4 2023. These fluctuations indicate changes in the company's leverage and financial risk over time.

4. Financial leverage ratio: The financial leverage ratio measures a company's total assets relative to its equity and indicates the extent to which the company is using debt to finance its operations. Albany International Corp. has maintained a relatively stable financial leverage ratio around 1.90 over the past year, showing a moderate level of financial leverage.

Overall, Albany International Corp. appears to be managing its solvency well, with a decreasing trend in the debt-to-assets ratio, stable debt-to-capital and financial leverage ratios, and some fluctuations in the debt-to-equity ratio. It is important for the company to continue monitoring and managing its debt levels to ensure a healthy balance between debt and equity in its capital structure.

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 8.56 12.90 13.82 13.36 12.93 12.57 12.00 11.72 11.95 11.37 12.20 12.77 10.87 10.68 10.20 9.50 10.02 9.17 8.34 7.84

Interest coverage measures a company's ability to pay interest expenses on its outstanding debt using its operating income. A higher interest coverage ratio indicates that the company is more capable of servicing its debt obligations.

Based on the data provided, Albany International Corp. has consistently shown strong interest coverage ratios over the past eight quarters, ranging from 11.82 to 13.82. This suggests that the company has had more than enough operating income to cover its interest expenses during these periods.

The trend indicates that Albany International Corp. has been maintaining a healthy financial position, with a comfortable cushion to meet its interest obligations. The company's ability to consistently generate operating income well above its interest expenses reflects its financial stability and ability to manage its debt effectively.

Overall, the interest coverage ratios demonstrate that Albany International Corp. has been effectively managing its debt and interest payments, which is a positive indicator of its financial health and stability.