Broadridge Financial Solutions Inc (BR)

Solvency ratios

	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	Dec 31, 2019	Sep 30, 2019
Debt-to-assets ratio	0.41	0.43	0.46	0.46	0.27	0.48	0.51	0.50	0.46	0.50	0.51	0.52	0.48	0.34	0.36	0.37	0.28	0.34	0.33	0.32
Debt-to-capital ratio	0.61	0.61	0.64	0.64	0.50	0.67	0.70	0.68	0.66	0.70	0.70	0.70	0.68	0.52	0.55	0.56	0.51	0.58	0.56	0.54
Debt-to-equity ratio	1.55	1.55	1.77	1.74	1.00	2.04	2.30	2.13	1.98	2.29	2.38	2.38	2.15	1.09	1.23	1.26	1.03	1.40	1.29	1.20
Financial leverage ratio	3.80	3.62	3.87	3.82	3.67	4.22	4.51	4.25	4.26	4.59	4.64	4.58	4.49	3.26	3.39	3.36	3.63	4.09	3.90	3.69

Broadridge Financial Solutions Inc's solvency ratios provide insight into the company's ability to meet its financial obligations in the long term.

The Debt-to-assets ratio has been relatively stable over the past few quarters, averaging around 0.40 to 0.50. This ratio indicates that a significant portion of Broadridge's assets are financed by debt, with the latest ratio standing at 0.41 as of June 30, 2024.

The Debt-to-capital ratio has also remained consistent, hovering between 0.60 to 0.70. This ratio suggests that Broadridge relies on debt for approximately 60% to 70% of its capital structure, with the latest ratio recorded at 0.61 as of June 30, 2024.

The Debt-to-equity ratio has shown more variability, ranging from 1.00 to 2.30. This ratio indicates the extent to which Broadridge's operations are funded by debt compared to equity. The latest ratio on June 30, 2024, was 1.55, suggesting that the company's debt levels are 1.55 times its equity.

The Financial leverage ratio, which measures how much debt a company uses to finance its operations relative to equity, has fluctuated between 3.26 to 4.64 over the periods analyzed. As of June 30, 2024, the ratio stood at 3.80, indicating that Broadridge has been using debt to leverage its operations.

Overall, Broadridge Financial Solutions Inc maintains a moderate level of debt relative to its assets, capital, and equity. The company's solvency ratios suggest a balanced approach to financing its operations, with a mix of debt and equity to support its long-term financial stability.

Coverage ratios

	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	Dec 31, 2019	Sep 30, 2019
Interest coverage	6.77	6.70	6.51	6.56	6.52	6.53	7.37	8.03	8.66	8.29	9.10	10.76	11.82	12.59	11.39	9.94	9.98	9.61	10.64	12.56

Broadridge Financial Solutions Inc has consistently maintained a healthy interest coverage ratio over the past few quarters. The interest coverage ratio has remained above 6.5 in all the reported periods, indicating the company's ability to meet its interest obligations comfortably.

The trend shows a generally stable performance in managing its interest expenses relative to its earnings. There was a slight decline in interest coverage in the most recent quarter compared to the previous few quarters, but the ratio remains at a reasonable level.

Overall, Broadridge Financial Solutions Inc's interest coverage ratio demonstrates a strong ability to generate earnings to cover its interest expenses, which is a positive indicator for investors and lenders.