Albany International Corporation (AIN)
Solvency ratios
| 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 | Mar 31, 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 | 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 | 1.75 | 1.77 | 1.81 | 1.86 | 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 |
Albany International Corporation has consistently maintained a strong solvency position, as evidenced by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios, all of which have remained at 0.00 over the past several years. This indicates that the company has a minimal level of debt in relation to its assets, capital, and equity, reflecting a conservative financial structure.
The financial leverage ratio for Albany International Corporation has shown a decreasing trend over the years, starting at 2.22 in March 2020 and declining to 1.75 by December 2024. This downward trend suggests that the company has been gradually reducing its reliance on debt to finance its operations, which is generally viewed positively by investors and creditors.
Overall, the solvency ratios of Albany International Corporation indicate a robust financial position with a conservative debt profile and decreasing leverage over time, highlighting the company's ability to meet its financial obligations and manage its financial risks effectively.
Coverage ratios
| 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 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 8.71 | 8.84 | 9.11 | 9.09 | 9.11 | 13.18 | 13.86 | 13.40 | 12.98 | 12.64 | 12.07 | 11.78 | 12.00 | 11.31 | 12.14 | 12.87 | 12.33 | 12.76 | 12.36 | 11.76 |
Albany International Corporation's interest coverage ratio has shown variations over the given time period, ranging from a high of 13.86 to a low of 8.71. The interest coverage ratio indicates the company's ability to meet its interest obligations using its earnings before interest and taxes (EBIT).
The interest coverage ratio has generally been above 10, suggesting that the company has been able to comfortably cover its interest expenses with its operating income. A ratio above 1 indicates that the company is generating sufficient earnings to cover its interest payments.
However, there was a notable decrease in the interest coverage ratio towards the end of the period, dropping to 8.71 by December 31, 2024. This decline may raise concerns about the company's ability to service its debt obligations in the future.
Overall, it is important for stakeholders to monitor Albany International Corporation's interest coverage ratio closely to ensure its financial health and stability, particularly in light of the recent decline in the ratio.