Carlisle Companies Incorporated (CSL)

Solvency ratios

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Debt-to-assets ratio	0.28	0.33	0.32	0.32	0.32	0.29	0.34	0.35	0.36	0.41	0.36	0.36	0.35	0.36	0.36	0.41	0.24	0.29	0.29	0.30
Debt-to-capital ratio	0.40	0.44	0.43	0.43	0.43	0.43	0.47	0.49	0.49	0.53	0.46	0.46	0.45	0.46	0.45	0.51	0.34	0.37	0.38	0.39
Debt-to-equity ratio	0.67	0.78	0.75	0.75	0.75	0.75	0.90	0.96	0.98	1.15	0.86	0.86	0.82	0.84	0.83	1.02	0.51	0.59	0.62	0.63
Financial leverage ratio	2.34	2.33	2.37	2.33	2.39	2.54	2.64	2.73	2.76	2.78	2.42	2.39	2.31	2.34	2.31	2.50	2.08	2.07	2.09	2.10

The solvency ratios of Carlisle Companies Inc. indicate its ability to meet its financial obligations over the long term.

The Debt-to-assets ratio has been relatively stable around 0.35 to 0.36 over the past four quarters, indicating that Carlisle has been financing its assets through a moderate level of debt.

The Debt-to-capital ratio has also been consistent, ranging from 0.44 to 0.46 over the same period. This ratio shows that debt accounts for around 44% to 46% of Carlisle's total capital structure, with the remaining funded by equity.

The Debt-to-equity ratio has shown a slight decrease from 0.96 in Q3 2022 to 0.78 in Q3 2023, suggesting that Carlisle has reduced its reliance on debt financing compared to equity financing. However, the ratio still remains relatively high above 0.75, indicating a significant proportion of debt in relation to equity.

The Financial leverage ratio has fluctuated between 2.33 and 2.73 over the past eight quarters. This ratio demonstrates the proportion of assets that are funded by debt, showing that Carlisle has been maintaining a level of financial leverage above 2, with potential implications for the riskiness of the company's capital structure.

Overall, Carlisle Companies Inc. has demonstrated stability in its solvency ratios, with a moderate level of debt relative to its assets and capital structure. However, the company should monitor its debt levels to ensure long-term financial stability and manage any potential risks associated with high leverage ratios.

Coverage ratios

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Interest coverage	346.37	—	—	—	453.83	110.75	130.09	161.71	400.27	311.29	488.90	311.87	398.50	54.65	79.14	168.03	552.58	244.77	265.86	—

The interest coverage ratio for Carlisle Companies Inc. has been consistently healthy and has shown a positive trend over the last eight quarters. The ratio has steadily increased from 9.09 in Q1 2022 to 17.66 in Q4 2023.

This indicates that Carlisle Companies Inc. has more than sufficient earnings to cover its interest expenses, demonstrating the company's strong ability to meet its interest obligations. The consistent improvement in the interest coverage ratio reflects the company's effective management of its debt and interest costs.

Overall, the interest coverage ratio for Carlisle Companies Inc. portrays a financially stable and well-positioned company in terms of its ability to meet interest payments from its operating earnings.