Cohu Inc (COHU)
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 | 1.17 | 1.17 | 1.16 | 1.17 | 1.21 | 1.23 | 1.25 | 1.27 | 1.32 | 1.36 | 1.39 | 1.40 | 1.43 | 1.46 | 1.61 | 1.68 | 2.14 | 2.20 | 2.29 | 2.31 |
Cohu Inc's solvency ratios exhibit strong financial stability and low levels of debt throughout the reporting periods. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratios consistently remain at 0.00, indicating that the company has no significant debt obligations in relation to its total assets, capital, or equity.
Furthermore, the financial leverage ratio shows a positive trend of decreasing over time, from 2.31 in March 2020 to 1.17 by December 2024. This indicates that Cohu Inc is effectively reducing its reliance on debt to finance its operations and investments, which is a positive sign of prudent financial management.
Overall, based on these solvency ratios, Cohu Inc appears to have a solid financial position with minimal debt levels and a decreasing financial leverage ratio, suggesting a strong ability to meet its financial obligations and sustain growth in the long term.
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 | -105.24 | -35.80 | -10.93 | 4.47 | 14.36 | 19.52 | 25.68 | 28.97 | 31.69 | 31.07 | 29.59 | 40.11 | 31.53 | 25.75 | 17.58 | 5.76 | 1.52 | -1.15 | -1.01 | -1.55 |
The interest coverage ratio measures a company's ability to meet its interest obligations with its operating income. In the case of Cohu Inc, the interest coverage ratio was negative from March 31, 2020, to March 31, 2021, indicating that the company's operating income was not sufficient to cover its interest expenses during that period.
However, starting from June 30, 2021, the interest coverage ratio improved significantly, reaching a peak of 40.11 on March 31, 2022. This indicates that Cohu Inc's operating income more than covered its interest expenses, providing a comfortable margin of safety.
From June 30, 2022, to December 31, 2024, the interest coverage ratio declined gradually but remained positive. The ratio even turned negative again in the subsequent quarters, indicating that the company's operating income was not enough to cover its interest payments.
Overall, Cohu Inc's interest coverage ratio showed significant fluctuations over the period, with both positive and negative trends. It is essential for investors and creditors to monitor this ratio closely to assess the company's ability to meet its interest obligations in the future.