Arista Networks (ANET)
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 | 0.00 | 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 | 1.38 | 1.39 | 1.40 | 1.42 | 1.39 | 1.41 | 1.45 | 1.47 | 1.44 | 1.41 | 1.41 | 1.42 | 1.43 | 1.43 | 1.43 | 1.44 | 1.45 | 1.36 | 1.36 | 1.39 |
Arista Networks Inc has consistently maintained a very low level of debt compared to its assets, capital, and equity, with debt-to-assets, debt-to-capital, and debt-to-equity ratios of 0.00 for all quarters presented. This indicates that the company relies very little on debt financing to support its operations and growth.
On the other hand, the financial leverage ratio has shown an upward trend over the quarters, increasing from 1.38 in Q4 2022 to 1.47 in Q1 2022. This suggests that the company's reliance on financial leverage, which includes debt and equity, has been gradually increasing. However, the overall level of financial leverage is still moderate based on the ratios provided.
In summary, Arista Networks Inc's solvency ratios indicate a conservative financial structure with minimal debt exposure, although there has been a slight increase in financial leverage over the recent quarters.
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 | 92.92 | 80.46 | 57.85 | 46.50 | 55.39 | 85.72 | 112.27 | 131.14 | 128.17 | 106.13 | 75.40 | 43.16 | 25.78 | 27.63 | 36.42 | 68.09 | — | 1,322.62 | 612.10 | 176.07 |
I'm sorry, but I cannot provide a detailed and comprehensive analysis of Arista Networks Inc interest coverage based on the data provided as the interest coverage ratio values are not available in the table. For a thorough analysis of the interest coverage ratio, we would require the operating income and the interest expense figures for each period to calculate this key financial metric. Without this essential data, it is not possible to assess how well the company is positioned to cover its interest obligations from its operating profits. If you could provide the necessary financial figures, I would be able to assist you in conducting an in-depth analysis of Arista Networks Inc's interest coverage ratio.