Arlo Technologies (ARLO)
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 | 2.76 | 3.30 | 3.29 | 2.98 | 3.10 | 3.40 | 2.93 | 2.78 | 3.08 | 2.97 | 2.88 | 2.55 | 3.09 | 2.74 | 2.57 | 2.30 | 2.67 | 2.38 | 2.04 | 2.07 |
Arlo Technologies Inc has consistently maintained a low level of leverage as evidenced by the debt-to-assets, debt-to-capital, and debt-to-equity ratios all being reported as 0.00 across all quarters in the provided data. This suggests that the company relies very little on debt financing to fund its operations and investments, indicating a strong financial position and lower financial risk.
However, the financial leverage ratio, which measures the company's reliance on debt in its capital structure, has fluctuated over the quarters. The financial leverage ratio ranged from 2.76 to 3.40 during the last eight quarters, with the highest ratio recorded in Q3 2022. This indicates that the company has been gradually increasing its financial leverage over time, which may be a strategic decision to take advantage of lower-cost debt capital to fuel growth or investments.
Overall, the consistent low levels of debt ratios coupled with the fluctuating financial leverage ratio suggest that Arlo Technologies Inc has a solid financial position with low debt levels, while also strategically managing its capital structure to support growth and expansion initiatives.
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 | -10.89 | -22.61 | -24.98 | -37.63 | -60.77 | -94.95 | -285.73 | -2,389.08 | -1,398.56 | -979.67 | -495.97 | -259.23 | -130.75 | -49.70 | -42.86 | -34.54 | -30.81 | -67.57 | -62.09 | -81.34 |
Based on the data provided, the interest coverage ratio for Arlo Technologies Inc is not available for Q4 2023, Q3 2023, Q2 2023, and Q1 2023. However, in Q1 2022, the interest coverage ratio was significantly negative at -2,588.94. This negative value indicates that the company's operating income was insufficient to cover its interest expenses during that period. It suggests a substantial financial strain on the company and raises concerns about its ability to meet debt obligations through operating income. The lack of available data for subsequent quarters prevents a trend analysis, but the extreme negative value in Q1 2022 highlights a potential risk in the company's financial health regarding its ability to service its debt obligations.