Topbuild Corp (BLD)

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 0.28 0.29 0.28 0.26 0.27 0.28 0.29 0.30 0.31 0.32 0.33 0.33 0.34 0.22 0.23 0.24 0.24 0.25 0.26 0.27
Debt-to-capital ratio 0.38 0.39 0.36 0.33 0.35 0.36 0.38 0.41 0.42 0.44 0.45 0.46 0.47 0.30 0.32 0.33 0.34 0.35 0.36 0.37
Debt-to-equity ratio 0.60 0.63 0.57 0.50 0.54 0.57 0.62 0.68 0.73 0.78 0.82 0.85 0.89 0.43 0.46 0.49 0.51 0.54 0.57 0.59
Financial leverage ratio 2.14 2.20 2.08 1.96 2.01 2.08 2.17 2.28 2.39 2.46 2.54 2.57 2.60 2.00 2.03 2.07 2.09 2.14 2.19 2.23

Topbuild Corp's solvency ratios show the company's ability to meet its long-term financial obligations. The Debt-to-assets ratio has shown a decreasing trend over the years, indicating that the company's debt relative to its total assets has been decreasing, which is a positive sign as it implies lower financial risk.

The Debt-to-capital ratio has been relatively stable, with a slight increase in recent periods. This ratio provides insight into the proportion of the company's capital structure funded by debt. A stable ratio indicates a balanced mix of debt and equity financing, although the recent increase should be monitored for any potential impact on the company's financial health.

The Debt-to-equity ratio has been decreasing over the years, showing that the company's reliance on debt relative to equity has been decreasing. A lower ratio suggests a lower financial risk and a stronger financial position.

The Financial leverage ratio has also shown a decreasing trend, indicating a reduction in the company's reliance on debt financing for its operations. A decreasing leverage ratio is generally seen as positive, as it implies less financial risk and greater financial stability.

Overall, the solvency ratios of Topbuild Corp suggest a favorable financial position with a decreasing reliance on debt and improving financial stability over the years. However, monitoring the trends in these ratios is important to assess the company's long-term financial health accurately.

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 311.57 41.86 22.64 12.27 12.06 12.34 12.81 13.31 14.08 14.00 14.92 15.80 15.87 17.24 14.75 12.12 10.95 9.75 8.67 8.25

Topbuild Corp's interest coverage ratio has shown fluctuating trends over the period from March 31, 2020, to December 31, 2024. The interest coverage ratio indicates the company's ability to meet its interest obligations from its operating income.

The ratio started at 8.25 on March 31, 2020, and gradually increased to 311.57 by December 31, 2024, with variations in between. These fluctuations may reflect changes in the company's operating income and interest expenses over time.

Overall, a higher interest coverage ratio signifies that the company is more capable of servicing its interest payments using its operating income. The significant increase in the interest coverage ratio over the period indicates improved financial stability and reduced financial risk related to debt obligations for Topbuild Corp. However, it is essential to further analyze the company's financial performance and debt structure to gain a comprehensive understanding of its financial health.