Dolby Laboratories (DLB)
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 | 1.26 | 1.22 | 1.26 | 1.25 | 1.27 | 1.27 | 1.21 | 1.20 | 1.20 | 1.19 | 1.18 | 1.18 | 1.20 | 1.20 | 1.20 | 1.21 | 1.20 | 1.19 | 1.25 | 1.24 |
Based on the solvency ratios of Dolby Laboratories presented in the table, we can see that the company has consistently maintained a debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio of 0.00 over the periods shown. This suggests that Dolby Laboratories operates with minimal long-term debt in relation to its assets, capital, and equity.
In terms of financial leverage, the financial leverage ratio has fluctuated slightly over the periods, with values ranging from 1.18 to 1.27. The upward trend in the financial leverage ratio indicates that the company's reliance on debt to finance its operations has increased slightly over time.
Overall, Dolby Laboratories appears to have a very conservative capital structure with low levels of debt relative to its assets and equity. The upward trend in the financial leverage ratio may imply a gradual increase in leverage, but it is still at a moderate level compared to industry norms. This conservative approach to solvency indicates a lower risk of financial distress for the company and potential stability in its financial position.
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 | — | — | 1,715.86 | 2,546.25 | 1,474.75 | 906.68 | 1,102.12 | 573.53 | 547.70 | 609.14 | 597.15 | 584.38 | 725.30 | 816.19 | 936.42 | 1,731.33 | 1,288.39 | 1,341.15 | 1,386.29 | 1,333.23 |
Dolby Laboratories' interest coverage ratio has fluctuated over the past few years. The interest coverage ratio measures the company's ability to meet its interest obligations with its operating income. A higher ratio indicates that the company can easily meet its interest payments, while a lower ratio may signal potential financial distress.
In the most recent period, ending September 30, 2024, specific data for interest coverage was not available. However, looking at historical data, we observe a generally improving trend in Dolby Labs' interest coverage ratio, reaching a peak of 2,546.25 on June 30, 2024. This signifies a significant improvement in the company's ability to cover its interest expenses compared to previous periods.
It is important to note that a very high interest coverage ratio could indicate underutilization of debt and potential missed opportunities for leveraging the company's capital structure for growth. Conversely, a very low ratio could suggest high levels of debt relative to operating income, posing a risk to the company's financial stability.
Overall, monitoring Dolby Laboratories' interest coverage ratio over time provides insight into its financial health and ability to manage interest expenses relative to its operating income.