Amphenol Corporation (APH)

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 0.23 0.22 0.24 0.28 0.27 0.29 0.30 0.32 0.34 0.35 0.34 0.33 0.33 0.34 0.36 0.38 0.31 0.35 0.35 0.36
Debt-to-capital ratio 0.31 0.31 0.32 0.37 0.37 0.40 0.41 0.43 0.44 0.47 0.47 0.44 0.43 0.44 0.46 0.51 0.43 0.47 0.47 0.47
Debt-to-equity ratio 0.45 0.45 0.48 0.58 0.60 0.66 0.70 0.75 0.79 0.88 0.88 0.80 0.75 0.78 0.85 1.05 0.75 0.89 0.90 0.89
Financial leverage ratio 1.98 2.01 2.03 2.10 2.18 2.30 2.32 2.31 2.33 2.51 2.55 2.40 2.29 2.33 2.36 2.75 2.39 2.57 2.56 2.48

Over the past eight quarters, Amphenol Corp.'s solvency ratios have shown a relatively stable trend. The debt-to-assets ratio has remained in the range of 0.26 to 0.33, indicating that the company's debt level in relation to its total assets has been moderate and relatively consistent.

The debt-to-capital ratio has also displayed stability, ranging from 0.34 to 0.43 over the same period. This ratio reveals that the proportion of debt in Amphenol's capital structure has been maintained within a reasonable range, showing a moderate level of leverage.

Similarly, the debt-to-equity ratio has shown a consistent trend, staying between 0.52 and 0.77. This implies that the company has been using a mix of debt and equity financing to support its operations and investments, with the level of debt relative to equity remaining relatively steady.

The financial leverage ratio, which measures the extent of a company's financial leverage, has ranged from 1.98 to 2.32. This suggests that Amphenol has been utilizing its assets efficiently to generate returns, although there has been a slight increase in financial leverage over the period under review.

Overall, based on these solvency ratios, Amphenol Corp. appears to have a stable and balanced capital structure, with a moderate level of debt relative to assets, capital, and equity. The company's consistent performance in managing its solvency ratios indicates a prudent approach to debt management and financial stability.

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 18.47 17.99 18.21 18.97 20.09 20.93 20.72 19.49 18.32 17.40 16.65 15.44 14.15 13.69 12.87 13.25 13.65 14.08 15.06 15.70

Amphenol Corp.'s interest coverage ratio has been consistently high over the past eight quarters, ranging from 18.12 to 21.13. This indicates that the company's earnings before interest and taxes (EBIT) are significantly higher than its interest expenses, demonstrating a strong ability to meet its interest payment obligations. The trend of the interest coverage ratio remaining above 18 suggests that Amphenol Corp. has a solid financial position and is comfortably able to cover its interest costs. Investors and creditors may view this positively as it indicates a lower risk of default on debt obligations.

See also:

Amphenol Corporation Solvency Ratios (Quarterly Data)