Corsair Gaming Inc (CRSR)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.05 | 2.03 | 2.08 | 2.35 | 3.00 |
Corsair Gaming Inc's solvency ratios indicate a strong financial position with consistently low levels of debt relative to its assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio are all at 0.00 for the years 2020 to 2024, signaling that the company is effectively financing its operations with a minimal amount of debt.
Additionally, the Financial leverage ratio shows a decreasing trend from 3.00 in 2020 to 2.05 in 2024. This indicates that the company's reliance on debt to finance its operations has been gradually decreasing over the years, resulting in a more efficient capital structure and reduced financial risk.
Overall, Corsair Gaming Inc's solvency ratios reflect a solid financial foundation and a conservative approach to managing its debt, which bodes well for its long-term stability and ability to weather economic challenges.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | -3.67 | 0.80 | -5.94 | 7.80 | 4.51 |
The interest coverage ratio for Corsair Gaming Inc has shown fluctuations over the years based on the provided data points. In December 31, 2020, the interest coverage ratio was 4.51, indicating the company's ability to cover its interest expenses approximately 4.51 times with its operating income. This suggests a moderate ability to meet interest obligations.
By December 31, 2021, the interest coverage ratio improved to 7.80, signifying a stronger ability to cover interest expenses, indicating improved financial health and lower risk of default.
However, there was a significant negative change in the interest coverage ratio on December 31, 2022, with a ratio of -5.94. This negative ratio suggests that the company's operating income was not sufficient to cover its interest expenses during that period, raising concerns about its financial stability and ability to meet debt obligations.
In 2023, the interest coverage ratio improved slightly to 0.80, indicating that the company's operating income barely covered its interest expenses, highlighting a precarious financial position.
Further decline was observed on December 31, 2024, with an interest coverage ratio of -3.67. This indicates a continued inability to cover interest expenses with operating income, putting Corsair Gaming Inc at a higher risk of default or financial distress.
The trend in the interest coverage ratio for Corsair Gaming Inc fluctuates, indicating varying levels of financial health and risk over the years. It is essential for the company to monitor and improve its ability to cover interest expenses to ensure long-term financial stability.