Align Technology Inc (ALGN)
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 | 1.61 | 1.61 | 1.64 | 1.64 | 1.68 | 1.66 | 1.69 | 1.70 | 1.65 | 1.60 | 1.61 | 1.62 | 1.64 | 1.61 | 1.59 | 1.49 | 1.49 | 1.46 | 1.42 | 1.39 |
Align Technology Inc has consistently maintained strong solvency ratios over the years, indicating a low level of financial risk.
The Debt-to-Assets ratio has consistently remained at 0.00, showing that the company's total debt level is negligible compared to its total assets. This suggests that Align Technology has a strong ability to cover its liabilities with its assets.
Similarly, the Debt-to-Capital ratio and Debt-to-Equity ratio have also remained at 0.00 consistently across all periods. This indicates that the company has minimal debt in relation to its capital and equity, further highlighting its financial stability.
The Financial Leverage ratio has shown a slight fluctuation over the years, ranging from 1.39 to 1.70. However, the ratio has generally remained below 2, indicating that the company's use of debt to finance its operations is moderate and manageable.
Overall, based on the solvency ratios of Align Technology Inc, it can be inferred that the company is in a strong financial position with minimal debt levels and a healthy balance between debt and equity in its capital structure.
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 | 79.43 | 68.22 | 51.65 | 61.17 | 85.62 | 64.36 | 81.59 | 86.75 | 98.83 | 182.13 | 288.18 | 339.66 | 23.92 | 19.89 | 16.40 | 10.36 | 11.82 | 13.25 | 15.74 | 28.19 |
Align Technology Inc's interest coverage ratio has shown fluctuating trends over the past few years. The ratio was relatively high, indicating a strong ability to cover interest expenses, in the earlier periods from March 2020 to June 2021. However, from March 2021 onward, the interest coverage ratio started to decrease significantly, reaching its lowest point in March 2022 at 339.66x, reflecting a substantial improvement in the company's ability to cover its interest payments.
Subsequently, from June 2022 to September 2024, the interest coverage ratio remained relatively high, indicating a robust ability to meet interest obligations. However, the ratio showed some volatility during this period, with fluctuations observed in various quarters.
Overall, the interest coverage ratio of Align Technology Inc demonstrates the company's ability to comfortably meet its interest payments, with some fluctuations in the past few years. Investors and analysts may monitor this ratio over time to assess the company's financial health and its capacity to handle debt obligations.