Arista Networks (ANET)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.38 | 1.39 | 1.44 | 1.43 | 1.45 |
Arista Networks Inc has consistently maintained a very low level of indebtedness in terms of its solvency ratios over the past five years. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all remained at 0.00, indicating that the company does not rely heavily on debt to finance its operations or investments.
However, it is important to note a slight upward trend in the financial leverage ratio over the same period, increasing from 1.38 in 2019 to 1.45 in 2020. This suggests that the company's reliance on debt to fund its operations has marginally increased, albeit still at a relatively moderate level.
Overall, Arista Networks Inc appears to maintain a strong solvency position with minimal debt obligations, which may indicate a conservative financial management approach focused on maintaining financial stability and flexibility.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | — | 27.92 | 150.61 | — | — |
I'm sorry, but without the actual values for interest expense and operating income, it is not possible to calculate the interest coverage ratio for Arista Networks Inc or provide a detailed analysis of it. The interest coverage ratio is typically calculated by dividing a company's operating income by its interest expense, and it is used to assess the company's ability to cover its interest payments with its operating income. If you can provide the specific numbers for interest expenses and operating income for each year listed, I would be able to perform the analysis for you.