CACI International Inc (CACI)

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 0.22 0.24 0.26 0.26 0.25 0.27 0.23 0.24 0.26 0.28 0.31 0.27 0.27 0.30 0.23 0.26 0.24 0.26 0.28 0.29
Debt-to-capital ratio 0.30 0.33 0.35 0.35 0.34 0.36 0.32 0.34 0.36 0.38 0.42 0.37 0.39 0.41 0.32 0.36 0.34 0.36 0.38 0.39
Debt-to-equity ratio 0.42 0.48 0.53 0.55 0.51 0.57 0.47 0.51 0.56 0.62 0.73 0.60 0.63 0.70 0.48 0.57 0.51 0.57 0.62 0.64
Financial leverage ratio 1.93 2.02 2.06 2.13 2.05 2.15 2.02 2.07 2.17 2.22 2.37 2.24 2.32 2.37 2.03 2.15 2.08 2.16 2.20 2.24

CACI International Inc's solvency ratios indicate the company's ability to meet its long-term financial obligations.

1. Debt-to-assets ratio: The trend shows that CACI's proportion of debt relative to its total assets has been relatively stable over the past few years, ranging between 0.22 and 0.31. This indicates that a significant portion of the company's assets are financed through debt, with the latest ratio at 0.22 suggesting a decrease in dependence on debt to finance assets.

2. Debt-to-capital ratio: CACI's debt relative to its total capital shows a consistent increase from 0.30 to 0.42 over the years, indicating a growing reliance on debt financing compared to equity. The latest ratio of 0.30 suggests that 30% of the company's capital is financed through debt, which could be a cause for concern if the trend continues.

3. Debt-to-equity ratio: CACI's debt-to-equity ratio has also been on the rise, increasing from 0.42 to 0.73 over the years. This indicates that the company has been using more debt to finance its operations compared to equity. The latest ratio of 0.42 suggests that for every dollar of equity, the company has 0.42 dollars of debt.

4. Financial leverage ratio: CACI's financial leverage ratio, which measures the company's debt relative to its equity, has been fluctuating but generally increasing over the years, indicating a higher level of financial risk. The latest ratio of 1.93 suggests that the company has $1.93 of debt for every dollar of equity.

Overall, while CACI's solvency ratios have been relatively stable in recent quarters, the increasing trend in debt levels compared to assets, capital, and equity, as well as the rising financial leverage ratio, underscores the importance of monitoring the company's debt management strategies to ensure 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 6.18 5.73 5.70 6.14 6.77 7.59 9.01 10.56 11.89 11.55 12.20 13.22 13.54 14.59 12.00 9.99 8.16 6.35 6.12 6.54

The interest coverage ratio for CACI International Inc has shown a generally positive trend over the past few quarters, indicating the company's ability to meet its interest payment obligations. The ratio has consistently been above 5, indicating that the company is generating sufficient operating income to cover its interest expenses comfortably.

The ratio peaked at 14.59 in March 2021, reflecting a strong ability to service its debt through operating earnings. While there has been some fluctuation in the ratio over the quarters, with a slight decline in recent periods, the consistently high values above 5 suggest a solid financial position in terms of managing interest expenses relative to operating income.

Overall, the trend in CACI International Inc's interest coverage ratio demonstrates a healthy financial position and the company's ability to meet its interest obligations efficiently.