Bill Com Holdings Inc (BILL)
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.17 | 0.10 | 0.10 | 0.13 | 0.17 | 0.18 | 0.18 | 0.20 | 0.19 | 0.19 | 0.18 | 0.07 | 0.07 | 0.07 | 0.17 | 0.24 | 0.22 | 0.00 |
| Debt-to-capital ratio | 0.31 | 0.19 | 0.18 | 0.22 | 0.30 | 0.29 | 0.29 | 0.31 | 0.31 | 0.30 | 0.30 | 0.13 | 0.14 | 0.13 | 0.28 | 0.51 | 0.50 | 0.00 |
| Debt-to-equity ratio | 0.44 | 0.23 | 0.22 | 0.28 | 0.43 | 0.41 | 0.42 | 0.45 | 0.44 | 0.44 | 0.42 | 0.15 | 0.16 | 0.16 | 0.39 | 1.03 | 1.01 | 0.00 |
| Financial leverage ratio | 2.54 | 2.25 | 2.22 | 2.25 | 2.50 | 2.34 | 2.36 | 2.29 | 2.38 | 2.29 | 2.29 | 2.26 | 2.32 | 2.08 | 2.36 | 4.37 | 4.66 | 3.45 |
Bill Com Holdings Inc's solvency ratios have shown some fluctuation over the past few years. The Debt-to-assets ratio has generally been relatively low, ranging from 0.07 to 0.24, indicating that the company has a lower proportion of debt relative to its total assets.
The Debt-to-capital ratio has also varied but tends to be higher, fluctuating between 0.13 and 0.51. This suggests that the company relies more on debt financing compared to equity to fund its operations and investments.
The Debt-to-equity ratio has shown a decreasing trend overall, declining from 1.03 to 0.22, with some fluctuations in between. This indicates that the company's reliance on debt to finance its operations has decreased relative to equity financing.
The Financial leverage ratio, which measures the proportion of the company's assets that are financed by debt compared to equity, has fluctuated between 2.08 and 4.66. This indicates that the company's level of financial leverage has varied over time, with a peak in December 2020.
Overall, while the company's solvency ratios have shown some variability, the Debt-to-assets ratio suggests that it has maintained a relatively conservative approach to debt management, with a decreasing reliance on debt financing in favor of equity financing over the years.
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -4.15 | -6.51 | -9.08 | -10.27 | -5.83 | -7.25 | -8.54 | -10.34 | -31.87 | -31.64 | -33.64 | -15.88 | -8.24 | -5.76 | -3.95 | -3.20 | -11.03 | -364.18 |
Based on the provided data, Bill Com Holdings Inc has experienced fluctuating interest coverage ratios over the analyzed periods. The interest coverage ratio indicates the company's ability to meet its interest obligations with its operating income.
The interest coverage ratios for the periods range from negative values to relatively less negative values. Negative interest coverage ratios signify that the company's operating income is insufficient to cover its interest expenses.
The interest coverage ratio improved from a low of -364.18 in September 2020 to -3.20 in March 2021, indicating a potential betterment in the company's ability to meet its interest payments. However, the ratio continued to fluctuate and remained negative throughout the analyzed periods.
Overall, the negative values of the interest coverage ratios suggest that Bill Com Holdings Inc has been facing challenges in generating enough operating income to cover its interest expenses. This situation indicates a potential risk of financial distress, as the company may struggle to meet its interest obligations in the long term. Further analysis of the company's financial performance and its ability to generate sufficient operating income is crucial to address this issue and improve its financial stability.