Compass Minerals International Inc (CMP)

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 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
Debt-to-assets ratio 0.54 0.53 0.50 0.44 0.41 0.46 0.47 0.58 0.56 0.56 0.59 0.58 0.00 0.57 0.60 0.60 0.59 0.53 0.58 0.55
Debt-to-capital ratio 0.71 0.69 0.66 0.61 0.57 0.63 0.62 0.79 0.75 0.76 0.78 0.86 0.00 0.77 0.80 0.79 0.78 0.71 0.75 0.71
Debt-to-equity ratio 2.47 2.18 1.96 1.54 1.32 1.67 1.63 3.70 2.94 3.22 3.49 6.18 0.00 3.43 4.03 3.74 3.52 2.48 2.96 2.44
Financial leverage ratio 4.53 4.13 3.90 3.49 3.20 3.61 3.46 6.41 5.24 5.75 5.88 10.57 5.40 5.98 6.75 6.26 5.93 4.72 5.07 4.44

The solvency ratios of Compass Minerals International Inc reflect the company's ability to meet its long-term financial obligations.

The debt-to-assets ratio has been fluctuating over the periods, ranging from 0.41 to 0.60. This ratio indicates that on average, 50% to 60% of the company's total assets are financed by debt.

The debt-to-capital ratio has also shown variability, ranging from 0.57 to 0.86. This ratio indicates the proportion of the company's capital that is funded by debt, with levels fluctuating between 57% to 86%.

The debt-to-equity ratio has displayed significant variability, ranging from 1.32 to 6.18. This ratio indicates the company's reliance on debt financing compared to equity, with levels fluctuating between 1.32 to 6.18 times equity.

The financial leverage ratio has shown fluctuations as well, ranging from 3.20 to 10.57. This ratio indicates the company's financial risk and the extent to which it employs debt in its capital structure.

Overall, the trend in these solvency ratios demonstrates the company's changing capital structure and financial risk profile over the periods analyzed. Investors and creditors may monitor these ratios to assess Compass Minerals International Inc's ability to manage its debt and meet its financial obligations over the long term.

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 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
Interest coverage -1.45 -1.43 0.09 1.59 1.74 1.64 1.37 1.18 2.23 -1.05 -0.98 -0.85 -1.85 1.98 2.55 2.72 2.54 2.05 2.22 2.24

Interest coverage ratio indicates a company's ability to pay interest expenses on its outstanding debt. A higher interest coverage ratio is typically perceived as a positive sign as it suggests the company is generating enough income to cover its interest obligations.

Looking at the historical data of Compass Minerals International Inc, the interest coverage ratio has fluctuated over the past few quarters. The company had negative interest coverage ratios in some periods which could indicate challenges in meeting interest payments with operating income alone.

In the most recent quarter, the interest coverage ratio was 0.09, which was quite low and may raise concerns about the company's ability to cover its interest expenses. However, in the previous quarters, the ratios have improved, with some periods showing ratios above 1, indicating that the company was able to cover its interest payments with its operating income.

It is important for investors and stakeholders to closely monitor Compass Minerals International Inc's interest coverage ratio to ensure the company's financial health and sustainability. A consistent improvement in the interest coverage ratio would be a positive sign, indicating a stronger ability to meet debt obligations.