Azenta Inc (AZTA)

The solvency ratios of Azenta Inc indicate the company's ability to meet its long-term financial obligations and the extent to which it relies on debt to finance its operations. The debt-to-assets ratio has remained consistently low at 0.00 for the past five years, suggesting that the company has minimal reliance on debt to fund its assets.

Similarly, the debt-to-capital and debt-to-equity ratios have also been consistently low at 0.00 over the same period, indicating that the company has not relied on debt to finance its capital structure. This is a positive sign as it reflects a strong financial position and a low level of financial risk.

The financial leverage ratio, however, has shown some fluctuation over the years, starting at 1.33 in 2019, decreasing to 1.28 in 2020, and then increasing to 1.37 in 2021, before decreasing to 1.10 in 2022, and finally increasing to 1.14 in 2023. This ratio indicates the extent to which the company's operations are funded by equity compared to debt. Although the ratio has fluctuated, it is still relatively low, which suggests a conservative capital structure and a lower level of financial risk.

Overall, based on the solvency ratios, Azenta Inc demonstrates a strong solvency position, with minimal reliance on debt and a conservative capital structure, which indicates a lower risk of financial distress and a healthier financial position.

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Coverage ratios

The interest coverage ratio measures a company's ability to meet its interest payments on outstanding debt. Azenta Inc's interest coverage ratios for the last five years show significant fluctuations, indicating varying levels of financial stability.

In 2023, no specific interest coverage data is available which makes it difficult to assess the company's ability to cover its interest expenses. This lack of information raises concerns about the transparency of the company's financial position.

In 2022 and 2021, the interest coverage ratios were negative, indicating that the company's operating income was insufficient to cover its interest expenses. This raises significant concerns about the company's financial health and its ability to meet debt obligations.

However, in 2020, the interest coverage ratio improved significantly to 38.10, indicating that the company's operating income was 38 times higher than its interest expenses. This reflects a strong ability to cover its interest payments.

Similarly, in 2019, the interest coverage ratio was 2.30, which although positive, indicates a relatively low ability to cover interest payments.

Overall, the fluctuations in the interest coverage ratios over the years suggest inconsistent financial performance and raise concerns about the company's ability to manage its debt effectively. Further analysis of Azenta Inc's financial management and operational efficiency is required to fully understand its financial sustainability.