Amphastar P (AMPH)
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 | 0.39 | 0.00 | 0.00 | 0.00 | 0.40 | 0.42 | 0.00 | 0.00 | 0.10 | 0.00 | 0.00 | 0.00 | 0.12 | 0.00 | 0.00 | 0.00 | 0.07 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.46 | 0.00 | 0.00 | 0.00 | 0.49 | 0.52 | 0.00 | 0.00 | 0.13 | 0.00 | 0.00 | 0.00 | 0.15 | 0.00 | 0.00 | 0.00 | 0.10 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.84 | 0.00 | 0.00 | 0.00 | 0.94 | 1.10 | 0.00 | 0.00 | 0.14 | 0.00 | 0.00 | 0.00 | 0.18 | 0.00 | 0.00 | 0.00 | 0.11 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.15 | 2.12 | 2.09 | 2.34 | 2.37 | 2.60 | 2.34 | 1.41 | 1.40 | 1.44 | 1.45 | 1.49 | 1.51 | 1.51 | 1.58 | 1.59 | 1.57 | 1.36 | 1.51 | 1.52 |
The solvency ratios of Amphastar P provide insights into the company's ability to meet its long-term financial obligations.
1. Debt-to-assets ratio: This ratio measures the proportion of the company's total assets that are financed by debt. The trend for this ratio fluctuates over the periods provided, with values ranging from 0.00 to 0.42. A lower debt-to-assets ratio indicates lower financial risk and a stronger solvency position, while a higher ratio may suggest increased leverage and potential financial vulnerability.
2. Debt-to-capital ratio: The debt-to-capital ratio reflects the percentage of the company's capital structure that is funded by debt. The values vary between 0.00 and 0.52 during the periods examined. A lower debt-to-capital ratio signifies a healthier financial structure with less reliance on debt financing, while a higher ratio indicates higher leverage and potential risk.
3. Debt-to-equity ratio: This ratio indicates the proportion of the company's financing that comes from debt relative to equity. The values range from 0.00 to 1.10 across the periods. A lower debt-to-equity ratio is generally preferred as it indicates lower reliance on debt and a stronger equity position, while a higher ratio may signal that the company is more heavily leveraged.
4. Financial leverage ratio: The financial leverage ratio compares the company's total assets to its equity, providing insights into the level of financial risk. The values of this ratio range from 1.36 to 2.60 during the periods analyzed. A higher financial leverage ratio indicates higher financial risk and potential volatility in the company's earnings and stock price.
Overall, analyzing these solvency ratios together can help assess Amphastar P's ability to manage its debt levels, maintain financial stability, and meet its long-term obligations.
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 | 31.22 | 14.80 | 8.60 | 6.20 | 7.24 | 10.31 | 26.31 | 64.16 | 63.22 | 68.71 | 80.07 | 93.32 | 94.50 | 61.33 | 41.92 | 13.21 | 14.22 | 36.17 | 42.34 | 422.22 |
Amphastar P's interest coverage ratio has exhibited significant fluctuations over the analyzed period. The interest coverage ratio is a measure of a company's ability to meet its interest payments on outstanding debt, with higher ratios indicating a greater ability to do so.
From a high of 422.22 on March 31, 2020, the interest coverage ratio saw a notable decrease to 14.22 by December 31, 2020. This suggests that the company's ability to cover its interest payments decreased substantially during that period. However, there was a slight improvement in the ratio by March 31, 2021, although it remained low at 13.21.
Subsequently, the interest coverage ratio showed some recovery, reaching 94.50 by December 31, 2021, indicating a significant improvement in the company's ability to cover its interest obligations. This positive trend continued into the first half of 2022, with the ratio remaining relatively high.
However, a decline in the interest coverage ratio was observed in the latter half of 2023 and early 2024, with the ratio dropping to as low as 6.20 by March 31, 2024. This decrease could raise concerns about the company's ability to meet its interest payments during that period.
Overall, the fluctuating trend of the interest coverage ratio for Amphastar P suggests varying levels of financial risk and debt servicing capability. Investors and stakeholders may need to monitor this ratio closely to assess the company's financial health and ability to manage its debt obligations effectively.