Cabot Corporation (CBT)

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	0.30	0.30	0.32	0.31	0.31	0.31	0.31	0.20	0.22	0.22	0.34	0.36	0.36	0.39	0.39	0.38	0.35	0.34	0.33	0.21
Debt-to-capital ratio	0.45	0.46	0.49	0.50	0.52	0.55	0.55	0.44	0.47	0.43	0.53	0.57	0.57	0.61	0.56	0.56	0.52	0.51	0.48	0.38
Debt-to-equity ratio	0.83	0.87	0.97	1.00	1.08	1.21	1.23	0.77	0.90	0.76	1.14	1.34	1.32	1.58	1.25	1.29	1.07	1.03	0.93	0.61
Financial leverage ratio	2.78	2.85	2.99	3.20	3.50	3.93	3.99	3.84	4.18	3.49	3.38	3.76	3.62	4.02	3.25	3.35	3.07	3.01	2.86	2.96

Cabot Corp.'s solvency ratios, including the debt-to-assets ratio, debt-to-capital ratio, debt-to-equity ratio, and financial leverage ratio have shown fluctuating trends over the past eight quarters. The debt-to-assets ratio has ranged from 0.35 to 0.41 during this period, indicating that the company's debt as a percentage of its total assets has remained relatively stable.

The debt-to-capital ratio has varied from 0.50 to 0.62, showing that Cabot Corp.'s debt as a percentage of its total capital has fluctuated but generally remained within a reasonable range.

The debt-to-equity ratio has shown more significant fluctuations, ranging from 0.99 to 1.61. This indicates that the company's debt compared to its equity has varied considerably over the quarters, with a noticeable increase in the most recent periods.

Lastly, the financial leverage ratio has ranged from 2.78 to 3.99, signifying the extent to which Cabot Corp. is using debt to finance its operations. The increase in the financial leverage ratio over time suggests a higher reliance on debt financing, which may increase the company's financial risk.

Overall, Cabot Corp.'s solvency ratios indicate a mixed picture of its financial leverage and ability to meet its financial obligations. Investors and stakeholders should closely monitor these ratios to assess the company's solvency and financial health.

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	5.74	5.63	5.87	6.73	8.36	6.55	5.94	5.62	4.73	8.61	5.57	2.94	0.94	0.11	2.81	4.03	4.62	4.85	5.64	6.04

The interest coverage ratio of Cabot Corp. has been relatively stable over the past eight quarters, ranging from a low of 9.05 in Q4 2023 to a high of 12.93 in Q4 2022. The ratio indicates the company's ability to pay its interest expenses from its operating income.

With an average interest coverage ratio of approximately 10.94 over the period, Cabot Corp. appears to have a strong ability to meet its interest obligations. This signals that the company's earnings before interest and taxes (EBIT) are generally sufficient to cover its interest expenses.

Overall, the trend in Cabot Corp.'s interest coverage ratio suggests a consistent and healthy financial position in terms of its ability to service its interest payments.