A10 Network (ATEN)
Solvency ratios
| Dec 31, 2024 | Sep 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 | Dec 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 | 1.87 | 1.88 | 1.85 | 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 |
A10 Network exhibits strong solvency ratios, as indicated by its consistently low levels of debt relative to its assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all remained at 0.00 over the past several periods, signaling that the company operates with minimal debt compared to its total assets, capital, and equity.
Furthermore, the Financial leverage ratio, which measures the extent to which the company relies on debt to finance its operations, has shown a decreasing trend from 2.52 in December 31, 2019, to 1.87 in December 31, 2024. This indicates that A10 Network has been reducing its reliance on debt financing over time, which enhances the company's financial stability and solvency.
Overall, A10 Network's solvency ratios reflect a healthy financial position with little to no debt burden, which bodes well for its long-term financial stability and ability to weather economic challenges.
Coverage ratios
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 35.82 | 548.86 | 54.30 | 19.56 | 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 |
A10 Network's interest coverage ratio has shown significant fluctuations over the period from December 2019 to December 2024.
The interest coverage ratio indicates a company's ability to meet its interest obligations on outstanding debt. A ratio below 1 suggests that the company is not generating enough operating income to cover its interest expenses, which can be a sign of financial distress.
The interest coverage ratio for A10 Network was negative in December 2019 and March 2020, indicating that the company's earnings were insufficient to cover its interest expenses during this period. However, the ratio improved significantly in the following quarters, reaching very high levels in September 2020 and December 2020.
From March 2021 to September 2024, the interest coverage ratio fluctuated within a relatively narrower range compared to the earlier periods. The ratio ranged from 9.93 to 548.86, showing variations in the company's ability to cover its interest payments.
Overall, A10 Network's interest coverage ratio has demonstrated volatility, with periods of both weakness and strength. It is essential for investors and stakeholders to monitor this ratio closely to assess the company's financial health and capacity to meet its debt obligations.