Brunswick Corporation (BC)
Solvency ratios
| Dec 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.00 | 2.96 | 3.18 | 3.18 | 2.98 | 2.92 | 2.99 | 3.05 | 3.10 | 3.06 | 3.08 | 3.08 | 2.83 | 2.80 | 2.34 | 2.40 | 2.50 | 2.53 | 2.74 | 3.00 |
Based on the provided data for Brunswick Corporation, the solvency ratios indicate a strong financial position with consistently low levels of debt relative to assets and capital over the years. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been consistently at 0.00, indicating that the company has no significant debt burden compared to its total assets or capital structure.
The Financial leverage ratio, which measures the proportion of the company's total assets that are financed by debt, has shown some fluctuations but generally remained within a reasonable range. The ratio started at 3.00 in March 2020, decreased over the following quarters, and then increased slightly before stabilizing around 3.00. The sudden drop to 1.00 in December 2024 may indicate a significant shift in the company's capital structure or potentially an anomaly in the data.
Overall, Brunswick Corporation's solvency ratios suggest a conservative approach to leverage and a strong ability to meet its financial obligations with minimal reliance on debt financing.
Coverage ratios
| Dec 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.61 | 4.09 | 4.99 | 5.47 | 6.60 | 7.27 | 7.88 | 8.83 | 9.70 | 9.88 | 10.50 | 11.65 | 12.18 | 13.08 | 13.05 | 10.21 | 8.02 | 7.05 | 1.70 | 2.43 |
Brunswick Corporation's interest coverage ratio, which measures the company's ability to meet interest payments on its debt obligations, has exhibited fluctuations over the past few years.
The interest coverage ratio improved steadily from March 31, 2020, to September 30, 2021, indicating an increasing ability to cover interest expenses. This positive trend peaked at 13.08 on September 30, 2021. A ratio above 1 indicates that the company is generating more than enough operating income to cover its interest expenses.
However, from December 31, 2021, onwards, the interest coverage ratio started to decline, potentially raising concerns about the company's ability to service its debt obligations comfortably. The ratio decreased to 2.61 by December 31, 2024, which is a significant drop from the peak observed in September 30, 2021.
A declining trend in the interest coverage ratio may suggest that Brunswick Corporation could face challenges in meeting its interest payments in the future. It could also indicate a potential increase in financial risk or a decrease in profitability. Investors and creditors may view a declining interest coverage ratio unfavorably, as it signals a higher risk of default on debt repayments.
Overall, Brunswick Corporation's interest coverage ratio has shown both positive and negative trends over the analyzed period, highlighting the importance of monitoring the company's financial health and debt management practices.