A10 Network (ATEN)
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 | 1.88 | 1.92 | 1.91 | 1.93 | 2.04 | 2.19 | 1.97 | 1.95 | 1.88 | 1.84 | 2.38 | 2.34 | 2.51 | 2.33 | 2.46 | 2.38 | 2.52 | 2.24 | 2.31 | 2.28 |
The solvency ratios of A10 Networks Inc, including the Debt-to-assets ratio, Debt-to-capital ratio, Debt-to-equity ratio, and Financial leverage ratio, have consistently shown a stable and healthy financial position across the quarters presented. All debt-related ratios, including Debt-to-assets, Debt-to-capital, and Debt-to-equity ratios, have remained at 0.00, indicating that the company has not taken on any debt relative to its assets, capital, or equity during the specified periods.
The Financial leverage ratio, which measures the company's level of financial leverage, has fluctuated over the quarters but has generally remained at moderate levels. The ratio ranged from 1.88 to 2.19, implying that A10 Networks has carried debt to finance its operations but has not been excessively leveraged.
Overall, based on the solvency ratios provided, A10 Networks Inc demonstrates a conservative financial structure with minimal debt obligations relative to its assets, capital, and equity. The company's consistent low debt levels suggest a prudent approach to managing its financial obligations and indicates a strong solvency position.
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 | 29.21 | 15.57 | 17.92 | 11.39 | 14.08 | 10.58 | 9.93 | 17.64 | 11.98 | 19.96 | 20.25 | 19.55 | 19,149.00 | 716.12 | 113.93 | -55.32 | -68.25 | -71.05 | -78.54 | -74.08 |
As the table does not provide specific data on interest coverage for A10 Networks Inc across the specified quarters, it is impossible to conduct a detailed analysis of this ratio for the company. Interest coverage ratio is a measure of a company's ability to meet its interest payments on outstanding debt obligations. A higher ratio indicates a lower risk for lenders, as the company's earnings are more than sufficient to cover interest expenses. Conversely, a low interest coverage ratio may imply financial difficulties and an increased risk of default.
Given the absence of data on interest coverage in the table, it is recommended to refer to the company's financial statements or other sources to obtain the necessary figures to assess A10 Networks Inc's ability to handle its interest obligations. This ratio is crucial for investors and creditors assessing the company's financial health and leverage position.