Equifax Inc (EFX)
Solvency ratios
| Dec 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2.45 | 2.51 | 2.59 | 2.69 | 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 |
Equifax Inc has consistently maintained a strong solvency position based on the provided solvency ratios. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been at 0.00 across various quarters, indicating that Equifax has minimal financial leverage and a low level of debt relative to its assets and capital structure.
Furthermore, the Financial leverage ratio has shown a declining trend over the quarters, starting at 3.19 in March 31, 2020, and gradually decreasing to 2.45 by December 31, 2024. This signifies that Equifax has been effectively reducing its reliance on debt financing and improving its equity base, which strengthens its financial stability and ability to meet its obligations.
Overall, Equifax's solvency ratios demonstrate a robust financial position with low levels of debt and a healthy capital structure, reflecting a sound financial management strategy.
Coverage ratios
| Dec 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 4.54 | 4.29 | 4.18 | 4.01 | 3.97 | 3.87 | 4.21 | 4.88 | 6.08 | 7.02 | 7.79 | 8.18 | 8.06 | 7.66 | 6.88 | 5.82 | 4.89 | 5.09 | 4.80 | 4.74 |
Equifax Inc's interest coverage ratio has exhibited some fluctuations over the years. The interest coverage ratio measures the company's ability to meet its interest payments on outstanding debt.
From March 31, 2020, to December 31, 2021, the interest coverage ratio showed a consistent increasing trend, starting from 4.74 and reaching 8.06. This indicates a positive trend in the company's ability to cover its interest expenses with its operating income.
However, from March 31, 2022, to December 31, 2024, the interest coverage ratio declined gradually from 8.18 to 4.54. This downward trend may raise concerns as it suggests that the company's ability to cover its interest payments weakened during this period.
Overall, Equifax Inc's interest coverage ratio has shown variability, with periods of improvement and decline. It is crucial for investors and stakeholders to monitor this ratio closely to assess the company's financial health and its ability to meet its debt obligations.