Dril-Quip Inc (DRQ)
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 | 0.00 | 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 | 1.17 | 1.16 | 1.11 | 1.11 | 1.11 | 1.12 | 1.12 | 1.10 | 1.13 | 1.12 | 1.13 | 1.12 | 1.11 | 1.12 | 1.13 | 1.11 | 1.11 | 1.10 | 1.10 | 1.08 |
Based on the provided solvency ratios for Dril-Quip, Inc., we can observe that the company has consistently maintained a very low level of leverage and debt relative to its assets, capital, and equity over the past eight quarters. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio all show a consistent trend of 0.00, indicating that the company operates with minimal debt compared to its total assets, capital, and shareholder equity.
Furthermore, the financial leverage ratio, which measures the proportion of a company's total assets that are financed by debt, has ranged between 1.10 and 1.17 over the same period. This suggests that the company has a relatively low level of financial leverage, with a relatively small amount of debt compared to its equity.
Overall, based on these solvency ratios, Dril-Quip, Inc. appears to have a strong financial position with low debt levels and a conservative capital structure, which may indicate lower financial risk and greater financial stability for the company.
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 | 8.72 | 7.71 | 168.45 | 75.99 | 32.34 | -140.41 | -196.41 | -244.07 | -157.89 | -95.45 | -82.88 | -59.66 | -98.92 | -60.33 | -64.91 | -69.91 | 34.32 | — | -1,737.73 | -535.27 |
As per the data provided, the interest coverage ratio for Dril-Quip, Inc. is not available for all the quarters listed. This indicates that the information regarding the company's ability to meet its interest obligations through its operating profits is not disclosed or calculated for these periods. Without the specific figures for interest coverage, it is challenging to assess the company's financial health in terms of its ability to cover its interest expenses. Investors and stakeholders may need to review additional financial information or wait for updated disclosures to gain insights into Dril-Quip, Inc.'s interest coverage ratio and make informed decisions.