Ametek Inc (AME)
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 | 1.52 | 1.55 | 1.60 | 1.66 | 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 |
Ametek Inc has consistently maintained a very low level of debt in relation to its assets, with a debt-to-assets ratio of 0.00 across all reported periods. This indicates that the company has little reliance on debt to finance its operations and investments.
Similarly, the debt-to-capital and debt-to-equity ratios also stand at 0.00 for all periods, further highlighting the company's strong solvency position and low financial risk.
The financial leverage ratio, which measures the extent to which the company relies on debt financing, has been decreasing gradually over the years, indicating a lower level of financial leverage. This trend suggests that Ametek is becoming less reliant on debt to finance its operations, which can be a positive indicator of financial stability and strength.
Overall, based on the solvency ratios, it can be inferred that Ametek Inc has a very solid financial position with minimal debt obligations, which is favorable for the company's long-term financial health and stability.
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 | 15.71 | 15.20 | 16.03 | 17.67 | 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 |
Ametek Inc's interest coverage ratio has shown a generally positive trend over the past few years, indicating the company's ability to meet its interest obligations. The ratio has consistently remained above 10, reflecting a healthy level of interest coverage.
The interest coverage ratio peaked at 20.64 as of December 31, 2023, demonstrating a strong ability to cover interest payments with operating income. However, there was a slight decrease in the ratio to 17.67 as of March 31, 2024, possibly due to changes in interest expenses or operating income during that period.
Overall, the trend in Ametek Inc's interest coverage ratio suggests that the company has been effectively managing its debt and maintaining a comfortable level of financial stability.