CSW Industrials Inc (CSWI)
Solvency ratios
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 | Dec 31, 2019 | |
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Debt-to-assets ratio | 0.00 | 0.11 | 0.16 | 0.15 | 0.17 | 0.20 | 0.24 | 0.26 | 0.26 | 0.27 | 0.25 | 0.24 | 0.24 | 0.26 | 0.27 | 0.29 | 0.03 | 0.01 | 0.03 | 0.03 |
Debt-to-capital ratio | 0.00 | 0.15 | 0.21 | 0.20 | 0.22 | 0.27 | 0.32 | 0.35 | 0.35 | 0.36 | 0.35 | 0.33 | 0.32 | 0.34 | 0.37 | 0.39 | 0.03 | 0.03 | 0.04 | 0.03 |
Debt-to-equity ratio | 0.00 | 0.17 | 0.26 | 0.25 | 0.29 | 0.36 | 0.48 | 0.53 | 0.54 | 0.57 | 0.54 | 0.49 | 0.46 | 0.52 | 0.58 | 0.63 | 0.03 | 0.04 | 0.04 | 0.04 |
Financial leverage ratio | 1.29 | 1.57 | 1.64 | 1.63 | 1.67 | 1.78 | 1.98 | 2.03 | 2.04 | 2.11 | 2.12 | 2.00 | 1.95 | 2.03 | 2.12 | 2.19 | 1.30 | 3.08 | 1.33 | 1.30 |
The solvency ratios of CSW Industrials Inc indicate its ability to meet its long-term financial obligations and the extent to which it relies on debt to finance its operations.
The Debt-to-assets ratio has shown a downward trend from 0.29 in December 2020 to 0.00 in September 2024, signifying a decreasing reliance on debt to finance its assets.
Similarly, the Debt-to-capital ratio and Debt-to-equity ratio have also exhibited a decreasing trend over time, indicating that the company has been reducing its leverage and utilizing less debt in relation to its capital and equity.
The Financial leverage ratio has shown some fluctuations but has generally trended downwards over the years, reflecting a decrease in the company's reliance on debt to finance its operations.
Overall, the decreasing trend in these solvency ratios suggests an improvement in CSW Industrials Inc's financial solvency and reduced financial risk associated with excessive debt.
Coverage ratios
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 | Dec 31, 2019 | |
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Interest coverage | 19.26 | 15.04 | 12.51 | 10.89 | 9.61 | 9.30 | 10.54 | 12.34 | 16.08 | 19.20 | 17.87 | 15.58 | 15.96 | 19.95 | 24.85 | 43.67 | 56.35 | 53.82 | 49.48 | 46.69 |
CSW Industrials Inc has exhibited a generally strong interest coverage ratio over the past few quarters, indicating its ability to comfortably meet its interest payment obligations. The interest coverage ratio has been consistently above 1, which is considered a minimum threshold for a company to comfortably cover its interest expenses.
The trend of the interest coverage ratio shows an improving trend from 9.61 in September 2023 to 19.26 in September 2024, reflecting a positive financial performance. This increasing trend suggests that the company's earnings are growing at a faster rate than its interest expenses, indicating a healthier financial position.
Overall, the interest coverage ratio analysis indicates that CSW Industrials Inc has been effectively managing its interest expenses and generating sufficient earnings to cover its interest payments. This bodes well for the company's financial health and ability to fulfill its debt obligations in the future.