Benchmark Electronics Inc (BHE)
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 | 0.00 | 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 | 2.11 | 2.19 | 2.20 | 2.20 | 2.17 | 2.28 | 2.20 | 2.05 | 1.96 | 1.91 | 1.88 | 1.80 | 1.76 | 1.75 | 1.79 | 1.84 | 1.73 | 1.71 | 1.75 | 1.73 |
Benchmark Electronics Inc.'s solvency ratios reflect its ability to meet its long-term financial obligations. The company's debt-to-assets ratio has shown a relatively stable trend, ranging from 0.10 to 0.19 over the past eight quarters. This indicates that, on average, around 10-19% of the company's total assets are financed by debt.
The debt-to-capital ratio has also remained relatively consistent, fluctuating between 0.17 and 0.29 during the same period. This ratio indicates that Benchmark Electronics finances around 17-29% of its capital structure through debt.
The debt-to-equity ratio shows a similar trend, ranging from 0.21 to 0.41 over the last two years. This ratio suggests that the company's creditors provide about 21-41% of the funds used to finance its operations, with the rest funded by shareholders' equity.
The financial leverage ratio provides a broader view of the company's solvency, showing the total debt proportion of its capital structure relative to equity. Benchmark Electronics' financial leverage ratio has fluctuated between 2.05 and 2.28, indicating that the company has been operating with moderate financial leverage levels over the quarters analyzed.
In summary, Benchmark Electronics Inc. has maintained relatively stable solvency ratios over the past two years, suggesting a balanced approach to financing its operations through a combination of debt and equity. It is important to monitor these ratios to ensure the company maintains a healthy and sustainable capital structure going forward.
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 | 3.55 | 3.97 | 4.50 | 5.90 | 7.54 | 8.66 | 8.49 | 7.10 | 6.36 | 5.61 | 5.14 | 3.52 | 3.07 | 0.62 | 0.81 | 3.16 | 5.09 | 8.63 | 6.96 | 6.74 |
Benchmark Electronics Inc.'s interest coverage ratio has been fluctuating over the past eight quarters, ranging from a low of 4.61 in Q4 2023 to a high of 10.75 in Q2 2022. The trend shows a general decrease in interest coverage from Q2 2022 to Q4 2023, indicating a potential weakening ability to cover interest expenses with operating income. However, the company's interest coverage remains healthy overall, with all values above 1, indicating that Benchmark Electronics Inc. has been able to comfortably cover its interest obligations throughout the period. It is important to continue monitoring the trend to ensure the company's financial health and ability to meet its debt obligations in the future.