Ametek Inc (AME)

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	0.13	0.14	0.17	0.17	0.17	0.17	0.18	0.18	0.19	0.19	0.19	0.21	0.22	0.22	0.27	0.26	0.23	0.24	0.26	0.27
Debt-to-capital ratio	0.18	0.18	0.21	0.22	0.22	0.23	0.24	0.24	0.24	0.25	0.26	0.27	0.28	0.29	0.33	0.34	0.31	0.31	0.34	0.35
Debt-to-equity ratio	0.22	0.22	0.27	0.28	0.29	0.29	0.31	0.32	0.32	0.34	0.36	0.37	0.38	0.40	0.50	0.51	0.44	0.46	0.51	0.53
Financial leverage ratio	1.72	1.57	1.59	1.63	1.66	1.69	1.72	1.73	1.73	1.78	1.85	1.73	1.74	1.83	1.88	1.99	1.92	1.89	1.94	2.00

Ametek Inc's solvency ratios provide insight into the company's ability to meet its financial obligations and manage its debt levels effectively.

The debt-to-assets ratio has been relatively stable over the past eight quarters, ranging from 0.17 to 0.22. This ratio indicates that between 17% and 22% of Ametek's total assets are financed by debt. A lower ratio suggests lower financial risk and a higher level of asset coverage by equity.

The debt-to-capital ratio shows a similar pattern, with values fluctuating between 0.21 and 0.28. This ratio indicates the proportion of the company's capital that is financed by debt. A lower ratio implies a stronger financial position as it suggests a larger portion of capital is funded by equity rather than debt.

The debt-to-equity ratio has also remained relatively stable, ranging from 0.26 to 0.38. This ratio reflects the extent to which debt is used to finance the company's operations compared to equity. A lower ratio is generally considered favorable as it indicates lower financial leverage and less reliance on debt financing.

The financial leverage ratio, which measures the relationship between total assets and shareholders' equity, has shown a slight increase over the quarters, ranging from 1.57 to 1.73. A higher financial leverage ratio can indicate higher financial risk, as it suggests a larger proportion of assets are financed by debt rather than equity.

Overall, the solvency ratios suggest that Ametek Inc has maintained a relatively stable level of debt relative to its assets, capital, and equity over the past eight quarters. The company appears to have a moderate level of debt and is managing its financial leverage effectively. However, stakeholders should continue to monitor these ratios to ensure that the company's solvency position remains strong.

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	20.64	20.43	19.44	18.49	18.17	18.22	17.58	16.89	16.22	15.63	14.61	13.20	13.58	12.98	13.25	14.14	13.09	13.37	13.30	13.13

The interest coverage ratio for Ametek Inc has been consistently strong over the last eight quarters, ranging from 16.90 to 20.87. This indicates that the company has more than enough earnings to cover its interest expenses, with a higher ratio suggesting a lower financial risk. The trend shows a gradual increase in the ratio over the quarters, reflecting a positive sign of financial stability and ability to meet its interest obligations comfortably. Overall, Ametek Inc's interest coverage ratio demonstrates a healthy financial position and efficient management of its debt commitments.