Catalent Inc (CTLT)
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2.74 | 2.71 | 2.74 | 2.71 | 2.61 | 2.34 | 2.30 | 2.28 | 2.18 | 2.20 | 2.23 | 2.28 | 2.53 | 2.33 | 2.36 | 2.37 | 2.60 | 2.68 | 3.24 | 3.61 |
Catalent Inc's solvency ratios indicate its ability to meet its long-term debt obligations. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have consistently been at 0.00, indicating that the company has not relied on debt to finance its assets or operations.
However, the financial leverage ratio has fluctuated over the periods, ranging from 2.18 to 3.61. This ratio indicates that Catalent Inc's capital structure has some level of leverage, with higher values suggesting a higher degree of financial risk due to increased reliance on debt financing.
Overall, Catalent Inc appears to have a moderate level of financial leverage, which can be managed effectively provided the company continues to generate sufficient cash flows to cover its debt obligations. It is important for investors and stakeholders to monitor this ratio closely to assess the company's solvency risk.
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -3.75 | -32.57 | -18.51 | -23.51 | -19.37 | -3.33 | 5.23 | 18.50 | 19.18 | 19.21 | 22.12 | 16.21 | 15.72 | 15.94 | 35.95 | 2,398.00 | 232.42 | 82.08 | 26.28 | 27.16 |
The interest coverage ratio for Catalent Inc fluctuated significantly over the past few quarters. The company faced challenges in meeting its interest obligations as indicated by negative ratios in some periods, such as -3.75 in September 2024 and -32.57 in June 2024. These figures suggest that the company's operating income was insufficient to cover its interest expenses during those periods.
However, there was a notable improvement in the interest coverage ratio in the March 2023 quarter, where it stood at 5.23, indicating a stronger ability to meet interest payments. This improvement continued into subsequent quarters with ratios of 18.50 in December 2022, 19.18 in September 2022, and 19.21 in June 2022, suggesting a healthier financial position.
The interest coverage ratio surged significantly in the December 2020 quarter to 2,398.00, which could be an anomaly or result from specific events skewing the data. It then dropped to 232.42 in the March 2020 quarter, still significantly higher than typical levels.
Overall, the trend in the interest coverage ratio for Catalent Inc demonstrates volatility and fluctuations in the company's ability to cover interest expenses with operating income. It is crucial for investors and stakeholders to consider the context and reasons behind these fluctuations when assessing the company's financial health and risk profile.