Box Inc (BOX)
Solvency ratios
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.30 | 0.36 | 0.35 | 0.33 | 0.31 | 0.35 | 0.35 | 0.31 | 0.26 | 0.26 | 0.24 | 0.28 | 0.22 | 0.05 | 0.07 | 0.07 | 0.04 | 0.05 | 0.05 | 0.05 |
| Debt-to-capital ratio | — | — | — | — | — | — | — | — | — | 3.91 | 1.72 | 0.75 | 0.66 | 0.36 | 0.54 | 0.63 | 0.64 | 0.66 | 0.64 | 0.57 |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | — | 2.93 | 1.97 | 0.57 | 1.17 | 1.71 | 1.79 | 1.93 | 1.80 | 1.31 |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | 10.50 | 8.95 | 10.75 | 16.12 | 23.23 | 42.94 | 40.62 | 37.16 | 27.04 |
The solvency ratios of Box Inc, as indicated by the debt-to-assets ratio, have shown a fluctuating trend over the past several reporting periods. The company's debt-to-assets ratio has ranged from 0.22 to 0.36, with a general upward trend since the beginning of 2020, indicating an increasing proportion of assets financed by debt.
The debt-to-capital ratio, which provides insight into the proportion of a company's capital structure that is financed by debt, demonstrates significant variability over time. The ratio ranged from 0.36 to 3.91 over the periods analyzed, showing fluctuations in the company's reliance on debt for funding its operations.
The debt-to-equity ratio, a key measure of a company's financial leverage, has displayed a mixed trend for Box Inc. The ratio ranged from 0.57 to 2.93, indicating fluctuations in the company's use of equity versus debt financing. However, it is worth noting that the ratio has generally been above 1, suggesting a higher reliance on debt compared to equity.
Lastly, the financial leverage ratio, which indicates the extent to which a company is using debt to finance its operations, has shown significant variability, ranging from 8.95 to 42.94. The increasing trend observed in this ratio over time may indicate a higher level of financial risk for the company.
Overall, the solvency ratios of Box Inc highlight the company's changing capital structure and financial leverage position, signaling the need for careful monitoring and management of debt levels to ensure long-term financial stability and sustainability.
Coverage ratios
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 65.66 | 41.15 | 33.61 | 24.72 | 17.45 | 6.99 | -2.57 | -4.91 | -7.06 | -6.92 | -4.50 | -4.38 | -6.54 | -10.60 | -17.07 | -24.10 | -31.11 | -42.84 | -72.58 | -143.67 |
Box Inc's interest coverage ratio has displayed significant fluctuations over the past few periods, reflecting the company's ability to meet its interest payment obligations. The interest coverage ratio measures the company's ability to cover its interest expenses with its operating income.
An interest coverage ratio above 1 indicates that the company is generating enough operating income to cover its interest expenses. Box Inc's interest coverage ratio has generally been above 1 in recent periods, indicating that the company has been able to meet its interest payments.
The trend in Box Inc's interest coverage ratio shows an improving financial health from the negative values in early 2020 to the positive values in 2024. The ratio has been increasing steadily, suggesting that the company's operating income has been growing at a faster pace than its interest expenses.
Overall, Box Inc's improving interest coverage ratio is a positive sign of the company's financial stability and ability to meet its debt obligations. However, it is essential for investors and stakeholders to monitor this ratio over time to ensure the company's continued ability to meet its interest payment requirements.