Barnes Group Inc (B)

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	0.40	0.23	0.23	0.24	0.24	0.24	0.23	0.23	0.24	0.25	0.26	0.26	0.27	0.27	0.29	0.30	0.32	0.32	0.31
Debt-to-capital ratio	0.00	0.49	0.29	0.29	0.30	0.31	0.31	0.29	0.30	0.31	0.32	0.33	0.34	0.35	0.36	0.39	0.39	0.41	0.42	0.42
Debt-to-equity ratio	0.00	0.98	0.41	0.41	0.42	0.44	0.44	0.41	0.42	0.45	0.47	0.49	0.51	0.54	0.57	0.63	0.65	0.71	0.73	0.72
Financial leverage ratio	2.43	2.45	1.77	1.77	1.79	1.82	1.82	1.77	1.80	1.86	1.89	1.92	1.94	2.00	2.06	2.14	2.16	2.24	2.31	2.29

The solvency ratios of Barnes Group Inc. indicate its ability to meet its long-term financial obligations. The debt-to-assets ratio has been relatively stable over the quarters, ranging between 0.23 and 0.40. This ratio shows that, on average, 23% to 40% of the company's assets are financed by debt.

Similarly, the debt-to-capital and debt-to-equity ratios have also been consistent over the quarters, with values between 0.29 and 0.50 for the former and 0.41 and 0.98 for the latter. These ratios suggest that Barnes Group relies more on debt financing compared to equity financing, with debt representing 29% to 50% of the company's total capital and 41% to 98% of the shareholders' equity.

The financial leverage ratio, which measures the extent to which the company is using debt to finance its operations, ranged from 1.77 to 2.45 over the quarters. This indicates that, on average, the company has a leverage of 1.77 to 2.45 times its equity, implying that the company has been utilizing debt to amplify returns.

Overall, Barnes Group Inc. has managed its solvency ratios effectively, maintaining a balanced mix of debt and equity financing to support its operations and investments. However, the upward trend in some of these ratios over the quarters may indicate a growing reliance on debt, which could increase financial risk in the long term.

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	1.57	2.19	5.22	2.77	3.62	4.47	5.28	9.00	8.89	8.51	7.98	6.47	7.37	8.78	9.84	11.42	11.04	10.62	10.90	12.09

Interest coverage is a key financial ratio that indicates a company's ability to meet its interest obligations from its operating income. Barnes Group Inc.'s interest coverage has fluctuated over the past eight quarters, with values ranging from 1.53 to 10.23.

The trend in Barnes Group Inc.'s interest coverage shows a general decline in the most recent quarters, indicating a potential decrease in the company's ability to cover its interest expenses with its operating income. While the interest coverage ratio was relatively strong in Q1 2022 at 9.39, it has since decreased to 1.53 in Q4 2023, suggesting a significant deterioration in the company's ability to pay its interest obligations.

A lower interest coverage ratio may raise concerns about Barnes Group Inc.'s financial health and ability to service its debt in the long term. It is essential for investors and stakeholders to closely monitor the company's performance and financial stability to assess the impact of declining interest coverage on its overall financial position.