Box Inc (BOX)
Solvency ratios
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 8.45 | 98.17 | 20.85 | 12.42 | 20.34 | — | — | — | — | — | — | 267.12 | 15.00 | 6.39 | 4.54 | 10.50 | 8.95 | 10.75 | 16.12 | 23.23 |
Based on the provided data, Box Inc demonstrates consistently strong solvency ratios as indicated by its debt-to-assets, debt-to-capital, and debt-to-equity ratios, all of which are at 0.00 across multiple reporting periods. This signifies that the company has minimal or no debt relative to its total assets, total capital, and equity, showcasing a low-risk financial structure.
However, there are certain irregularities in the data for the financial leverage ratio. The financial leverage ratio experienced fluctuations over time, with some significant spikes noted in certain periods, such as April 30, 2022, and October 31, 2024. These spikes in the financial leverage ratio could indicate potential changes in the company's capital structure or financing activities during those specific periods.
The absence of debt in the solvency ratios suggests that Box Inc has been maintaining a healthy balance sheet with minimal financial risk. Still, further investigation into the reasons behind the fluctuations in the financial leverage ratio would provide more insights into the company's long-term solvency and capital structure management.
Coverage ratios
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 6.55 | 7.86 | 11.38 | 6.35 | 4.29 | 4.40 | 4.73 | 5.43 | 3.67 | 2.18 | -0.86 | -1.67 | -3.86 | -3.87 | -3.24 | -3.44 | -5.26 | -10.43 | -19.84 | -35.35 |
Box Inc's interest coverage ratio provides insights into the company's ability to cover its interest expenses with its operating income. A higher interest coverage ratio indicates a better ability to meet interest obligations.
Looking at the historical trend of Box Inc's interest coverage ratio, we observe significant fluctuations over the past few years. The interest coverage ratio was negative for most periods up to October 31, 2022, indicating that the company's operating income was insufficient to cover its interest expenses during those periods. This raised concerns about Box Inc's financial health and its ability to manage its debt obligations effectively.
However, from October 31, 2022, onwards, the interest coverage ratio started to improve, reaching positive territory. This positive trend suggests that Box Inc's operating income has become more sufficient to cover its interest expenses. The company's improving interest coverage ratio may indicate enhanced operational performance or a reduction in interest expenses, which are positive signals for investors and lenders.
Overall, the recent trend of increasing interest coverage ratio for Box Inc is a positive development, signaling a potential improvement in the company's financial stability and ability to meet its debt obligations. Nevertheless, continuous monitoring of this ratio is essential to ensure sustainable financial health in the long term.