Equifax Inc (EFX)

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	0.39	0.45	0.48	0.43	0.42	0.43	0.36	0.39	0.40	0.45	0.35	0.34	0.34	0.35	0.44	0.46	0.43	0.38	0.38	0.36
Debt-to-capital ratio	0.51	0.56	0.57	0.55	0.55	0.56	0.52	0.54	0.55	0.58	0.49	0.50	0.51	0.53	0.59	0.59	0.57	0.53	0.53	0.51
Debt-to-equity ratio	1.05	1.28	1.31	1.23	1.22	1.28	1.07	1.17	1.25	1.40	0.95	0.99	1.03	1.12	1.44	1.47	1.31	1.13	1.11	1.04
Financial leverage ratio	2.71	2.88	2.75	2.85	2.92	3.01	2.95	2.97	3.08	3.13	2.70	2.91	3.03	3.16	3.28	3.19	3.07	2.95	2.94	2.86

Solvency ratios provide insights into a company's ability to meet its long-term debt obligations. Examining Equifax, Inc.'s solvency ratios from Q1 2022 to Q4 2023 reveals some noteworthy trends.

The Debt-to-assets ratio consistently decreased from 0.52 in Q1 2022 to 0.47 in Q4 2023, indicating that Equifax has reduced its reliance on debt to finance its assets over the period. This suggests improved asset coverage by shareholders' equity.

The Debt-to-capital ratio also showed a declining trend from 0.61 in Q1 2022 to 0.56 in Q4 2023, implying that Equifax has been able to lower its debt usage relative to its total capital structure. This trend signals a more stable financial position.

The Debt-to-equity ratio fluctuated during the period, reaching a high of 1.56 in Q3 2022 and then decreasing to 1.26 in Q4 2023. The reduction in this ratio indicates that Equifax has been successful in reducing its debt burden relative to shareholders' equity.

The Financial leverage ratio shows a similar pattern to the Debt-to-equity ratio, with a peak of 3.01 in Q3 2022 and a decrease to 2.71 in Q4 2023. This ratio highlights the company's potential financial risk and can indicate the extent to which Equifax relies on debt to support its operations.

Overall, Equifax's solvency ratios demonstrate an improving financial position in terms of long-term debt management and asset coverage. Continued monitoring of these ratios will be essential to gauge the company's financial health and ability to meet its debt obligations in the future.

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	3.95	3.85	4.19	4.86	6.06	6.53	7.26	7.62	7.49	7.24	7.42	6.35	5.80	5.63	4.32	4.25	-2.76	-2.92	-3.52	-2.84

Equifax, Inc.'s interest coverage has shown a declining trend over the past eight quarters, starting from 7.86 in Q1 2022 to 3.87 in Q4 2023. This indicates that the company's ability to cover its interest expenses with its operating income has decreased over time. A lower interest coverage ratio may suggest that Equifax is experiencing challenges in meeting its interest obligations with its current level of earnings. It is important for investors and creditors to closely monitor this trend as it could potentially impact the company's financial health and ability to service its debt in the long term.