Benchmark Electronics Inc (BHE)
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 | 1.92 | 1.95 | 1.97 | 2.04 | 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 |
The solvency ratios of Benchmark Electronics Inc indicate a strong financial position in terms of debt management. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have consistently remained at 0.00 over the entire period from March 31, 2020, to December 31, 2024, signifying that the company has no significant debt relative to its assets, capital, or equity.
The Financial leverage ratio, which measures the proportion of a company's debt to its equity, shows a slight increase from 1.84 on March 31, 2020, to 1.92 on December 31, 2024. This indicates a gradual increase in the company's financial leverage, but the ratios are still within reasonable limits, suggesting that Benchmark Electronics has been managing its debt levels prudently.
Overall, the solvency ratios of Benchmark Electronics Inc suggest that the company has maintained a conservative debt structure and has effectively balanced its leverage while ensuring financial stability and sound risk management practices over the analyzed period.
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 | 4.12 | 3.80 | 3.79 | 3.60 | 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 |
The interest coverage ratio of Benchmark Electronics Inc has shown fluctuations over the past few years. The interest coverage ratio represents the company's ability to meet its interest obligations with its operating income.
From March 31, 2020, to June 30, 2020, there was a significant decrease in the interest coverage ratio from 3.16 to 0.81, indicating a potential strain on the company's ability to cover its interest payments with operating income. However, from June 30, 2020 onwards, the ratio gradually improved, surpassing 1 and reaching healthier levels.
The company's interest coverage ratio improved consistently until December 31, 2022, with a peak at 8.66 on September 30, 2022. This indicates that Benchmark Electronics Inc had a comfortable ability to cover its interest expenses with operating income during this period.
However, from March 31, 2023, onwards, the interest coverage ratio began to decline, indicating a potential decrease in the company's ability to cover interest expenses. The ratio stayed above 3 during this period, which is still considered acceptable according to traditional financial analysis standards.
Overall, Benchmark Electronics Inc's interest coverage ratio has shown both strengths and weaknesses over the periods analyzed. It is essential for stakeholders to monitor this ratio closely to ensure the company's financial health and ability to meet its debt obligations.