Corsair Gaming Inc (CRSR)
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 | 2.05 | 2.01 | 1.92 | 1.89 | 2.03 | 2.06 | 2.03 | 2.05 | 2.08 | 2.29 | 2.35 | 2.27 | 2.35 | 2.50 | 2.60 | 2.73 | 3.00 | 3.23 | 4.69 | 4.75 |
Corsair Gaming Inc has consistently maintained a strong solvency position based on the solvency ratios analyzed. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been at 0.00 over the past several quarters. This indicates that the company has not relied heavily on debt to finance its operations and investments, and its assets are largely financed through equity.
The Financial leverage ratio has shown a declining trend from 4.75 as of March 31, 2020, to 2.05 as of March 31, 2024. This decreasing trend signifies that Corsair Gaming Inc has been reducing its financial leverage over time, which is a positive indicator of the company's financial health and stability.
Overall, these solvency ratios suggest that Corsair Gaming Inc has a conservative approach to managing its debt and capital structure, which has contributed to its strong solvency position and financial stability.
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 | -3.67 | -2.94 | -1.56 | -0.03 | 0.68 | 0.84 | 0.19 | -4.56 | -5.77 | -6.44 | -2.07 | 4.71 | 7.71 | 7.57 | 8.21 | 6.91 | 4.51 | 3.07 | 2.12 | 1.46 |
The interest coverage ratio for Corsair Gaming Inc has exhibited fluctuating trends over the past few years.
From March 31, 2020, to June 30, 2021, the interest coverage ratio showed a steady increase, reaching a peak of 8.21 on June 30, 2021. This improvement indicates that the company's earnings were sufficiently high to cover its interest payments, reflecting a strong financial position.
However, from September 30, 2021, to June 30, 2024, the interest coverage ratio declined significantly into negative territory, indicating that the company's earnings were insufficient to cover its interest expenses during these periods. This raises concerns about Corsair Gaming Inc's ability to meet its debt obligations using its operating income.
It is crucial for investors and creditors to closely monitor this ratio in the future to assess the company's ability to service its debt and manage financial risk effectively. The negative interest coverage ratios in the latter periods suggest a deteriorating financial condition that warrants further investigation and remedial actions by Corsair Gaming Inc.