Badger Meter Inc (BMI)
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 | 1.39 | 1.40 | 1.39 | 1.38 | 1.36 | 1.36 | 1.35 | 1.33 | 1.32 | 1.32 | 1.31 | 1.31 | 1.30 | 1.28 | 1.29 | 1.28 | 1.27 | 1.29 | 1.28 | 1.31 |
Badger Meter Inc. has consistently maintained a very low level of debt relative to its assets, capital, and equity, with a debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio of 0.00 across all quarters analyzed. This indicates that the company relies primarily on equity financing rather than debt to support its operations and growth.
Additionally, the financial leverage ratio has been gradually increasing from 1.33 in Q1 2022 to 1.39 in Q4 2023. This implies that the company's reliance on debt to finance its operations has slightly increased over time, although the overall level of leverage remains relatively low.
Overall, the solvency ratios suggest that Badger Meter Inc. has a strong financial position with minimal reliance on debt, which bodes well for its long-term financial stability and ability to meet its financial obligations.
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 | — | 415.49 | 273.42 | 77.58 | 146.47 | 489.84 | 979.42 | 961.90 | 1,022.38 | 1,820.60 | 1,012.47 | 689.56 | 538.47 | 474.53 | 394.02 | 305.44 | 202.44 | 136.83 | 89.14 | 61.47 |
As per the data provided, the interest coverage ratio for Badger Meter Inc. is not available for the specified quarters of 2023 and 2022. This lack of information regarding the company's ability to cover interest expenses with its operating income hinders the assessment of its financial health and risk management in terms of debt obligations. It is important to monitor this ratio in future financial reports to evaluate the company's capacity to meet interest payments and the potential impact on its overall financial stability.