Catalent Inc (CTLT)
Solvency ratios
| 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 | Sep 30, 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 | 2.71 | 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 | 3.71 |
Catalent Inc has consistently maintained a low level of debt relative to its total assets, capital, and equity based on the debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio, all of which have been consistently at 0.00. This indicates that the company has not relied heavily on debt financing in its capital structure.
However, the financial leverage ratio has been fluctuating over the periods analyzed. The financial leverage ratio increased from 2.71 in December 2019 to 3.71 in September 2019, indicating an increase in financial risk. It then gradually decreased to 2.71 by June 2024. This fluctuation suggests that while the company has not been using debt significantly, there have been changes in the capital structure that have impacted its leverage.
Overall, Catalent Inc's solvency ratios demonstrate a conservative approach to managing debt, but the fluctuations in the financial leverage ratio warrant further investigation to understand the underlying reasons for the changes in the company's leverage position.
Coverage ratios
| 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 | Sep 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -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 | 33.49 |
Based on the interest coverage data provided for Catalent Inc over the past few quarters, there has been significant volatility in the company's ability to cover its interest expenses. The interest coverage ratio measures the company's ability to pay interest on its outstanding debt with its operating income.
The interest coverage ratio was extremely low and even negative in some quarters, indicating that Catalent Inc faced significant challenges in generating enough operating income to cover its interest expenses during those periods. Specifically, in the most recent quarter, the interest coverage ratio was reported as -32.57, suggesting a severe inability to meet interest obligations.
However, there were some quarters where the interest coverage ratio was significantly higher, with peaks reaching as high as 2,398.00 in one quarter. These high ratios suggest that the company had ample operating income to cover its interest expenses during those periods.
The significant fluctuations in the interest coverage ratio may indicate varying levels of profitability and financial stability for Catalent Inc. Investors and analysts should closely monitor this ratio to assess the company's ability to service its debt and manage its financial obligations effectively.