Appfolio Inc (APPF)
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 | 0.30 | 0.33 |
| 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 | 0.40 | 0.43 |
| 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 | 0.66 | 0.77 |
| Financial leverage ratio | 1.21 | 1.27 | 1.29 | 1.29 | 1.38 | 1.44 | 1.56 | 1.54 | 1.44 | 1.42 | 1.42 | 1.39 | 1.37 | 1.40 | 1.39 | 1.33 | 1.36 | 1.36 | 2.22 | 2.35 |
Appfolio Inc's solvency ratios indicate a strong financial position with consistently low levels of debt relative to assets, capital, and equity. The Debt-to-assets ratio has declined steadily from 0.33 in March 2020 to 0.00 by December 2024, signaling a decreasing reliance on debt financing. Similarly, the Debt-to-capital ratio has shown a similar trend, decreasing from 0.43 in March 2020 to 0.00 by December 2024.
The Debt-to-equity ratio also demonstrates a significant reduction from 0.77 in March 2020 to 0.00 by December 2024, highlighting the company's ability to finance its operations more from equity rather than debt. The Financial leverage ratio has consistently decreased over the years, indicating the company's improving ability to cover its financial obligations without relying heavily on debt.
Overall, the solvency ratios for Appfolio Inc suggest a robust financial position with a decreasing reliance on debt, which is reflective of sound financial management practices and a strong capital structure.
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 | — | — | — | 41.67 | 0.36 | -14.55 | -15.19 | -36.75 | -61.12 | -62.25 | -79.81 | -37.62 | -23.71 | -1.85 | -0.83 | 0.25 | 1.73 | 3.54 | 4.31 | 3.14 |
The interest coverage ratio measures a company's ability to meet its interest obligations using its operating income. A higher ratio indicates that the company is more capable of covering its interest expenses.
Analyzing the interest coverage data of Appfolio Inc from March 2020 to December 2024, we observe the following trends:
- The ratio was relatively stable in the range of 3 to 4 from March 2020 to June 2020, indicating that the company had a comfortable cushion to cover its interest payments.
- However, the ratio began to decline significantly from September 2020, reaching a low of -79.81 in June 2022 and remaining negative until March 2024. This indicates a deteriorating financial position where the company's operating income was insufficient to cover its interest expenses.
- Notably, the ratio improved drastically from a negative value in March 2024 to a significant positive value of 41.67 in June 2024. This improvement suggests a potential turnaround in the company's ability to service its interest obligations.
Overall, based on the interest coverage trend, it is evident that Appfolio Inc faced challenges in meeting its interest payments during the period under review, but there are signs of improvement as of the latest available data in June 2024. Financial stakeholders should closely monitor the company's future interest coverage ratios to assess its financial health and ability to manage debt obligations.