Azenta Inc (AZTA)
Solvency ratios
| 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 | 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 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| 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 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| 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 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Financial leverage ratio | 1.19 | 1.17 | 1.15 | 1.16 | 1.14 | 1.13 | 1.12 | 1.15 | 1.10 | 1.09 | 1.20 | 1.36 | 1.37 | 1.35 | 1.31 | 1.29 | 1.28 | 1.28 | 1.27 | 1.35 |
Based on the solvency ratios of Azenta Inc over the given period, it is evident that the company has maintained a consistent low level of debt relative to its assets, capital, and equity. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have remained at 0.00% across all the periods, indicating that the company has not relied heavily on debt to finance its operations and growth.
Moreover, the financial leverage ratio has fluctuated within a narrow range, with a slight upward trend from 1.09 to 1.37. This suggests that while the company's financial leverage has increased over time, it is still within manageable levels and does not pose a significant risk to the company's solvency.
Overall, the solvency ratios of Azenta Inc demonstrate a prudent financial management approach with a conservative debt structure, which provides a stable foundation for the company's long-term financial health and sustainability.
Coverage ratios
| 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 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | -14,643.86 | -7,926.77 | -2,060.51 | -785.55 | -116.28 | -18.00 | 498.89 | 466.06 | 464.08 | 724.91 | 55.10 | 45.45 | 44.31 | 30.71 | 24.63 | 18.30 | 136.94 | 41.99 | 24.51 |
The interest coverage ratio for Azenta Inc has varied significantly over the past few quarters. In the most recent quarter, ending September 30, 2024, the company faced challenges with a negative interest coverage ratio of -14,643.86, indicating that the company's operating income was insufficient to cover its interest expenses.
Looking back over the past quarters, there has been a clear trend of deteriorating interest coverage, with negative ratios seen in the last four quarters. This suggests that the company may be facing financial difficulties and struggling to generate enough earnings to cover its interest obligations.
However, it is important to note that there were periods in the past where Azenta Inc had healthier interest coverage ratios, such as in the first quarter of 2022 and earlier. During these periods, the company demonstrated a stronger ability to meet its interest payments with its operating income.
Overall, based on the data provided, Azenta Inc's interest coverage has been volatile and has shown a declining trend in recent quarters, raising concerns about the company's financial health and its ability to manage its debt obligations.