Cognex Corporation (CGNX)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.31 | 1.32 | 1.33 | 1.35 | 1.34 | 1.34 | 1.35 | 1.36 | 1.36 | 1.37 | 1.40 | 1.42 | 1.40 | 1.37 | 1.42 | 1.41 | 1.43 | 1.37 | 1.41 | 1.42 |
Cognex Corporation's solvency ratios indicate a strong financial position with consistently low levels of debt relative to its assets, capital, and equity over the years. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have remained at 0.00 consistently from March 2020 to December 2024, signifying that the company has effectively financed its operations without relying heavily on borrowed funds.
The Financial leverage ratio, which measures the proportion of a company's debt to its equity, has also been relatively stable ranging from 1.31 to 1.43 over the same period. This indicates that Cognex Corporation has maintained a healthy balance between debt and equity in its capital structure, resulting in a sustainable financial framework.
Overall, the solvency ratios suggest that Cognex Corporation has a conservative approach to debt management, which has contributed to its stability and resilience in meeting its financial obligations.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | 23.92 | 23.69 | 30.28 | 16.12 | 11.85 | 10.81 | 3.92 | 5.11 | 6.58 | 8.35 | 54.51 | — | — | — | 62.87 | 29.14 | 22.05 | 7.81 | 22.07 |
Interest coverage ratio is a financial metric used to assess a company's ability to meet its interest obligations on outstanding debt. It is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense. A higher interest coverage ratio indicates a stronger ability to cover interest payments.
Analyzing Cognex Corporation's interest coverage over the past several quarters, we observe fluctuations in the ratio. The interest coverage ratio ranged from a high of 62.87 in March 31, 2021, to a low of 3.92 in March 31, 2023. This indicates a significant variability in the company's ability to cover its interest expenses over time.
In the most recent data available, as of December 31, 2024, the interest coverage ratio is not provided (\u2014). This lack of information may raise concerns about the company's ability to meet its interest obligations, as an undefined interest coverage ratio suggests uncertainty regarding the company's financial health in terms of servicing its debt.
Overall, while Cognex Corporation has demonstrated strong interest coverage ratios in some periods, the fluctuations and missing data points emphasize the importance of closely monitoring its financial performance and debt management strategies to ensure the company can meet its financial obligations effectively.