Edison International (EIX)
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 | 5.50 | 5.41 | 5.50 | 5.51 | 5.27 | 5.12 | 5.04 | 5.04 | 5.00 | 4.98 | 4.76 | 4.75 | 4.70 | 4.92 | 4.62 | 4.60 | 4.94 | 4.99 | 4.70 | 4.95 |
Edison International's solvency ratios, including the Debt-to-Assets ratio, Debt-to-Capital ratio, Debt-to-Equity ratio, and Financial Leverage ratio, have consistently remained at 0.00 over the reporting periods from March 2020 to December 2024. This signifies that the company has not utilized debt significantly to fund its operations and investments during this time frame.
However, even though the company's debt levels are low, it's important to note that the Financial Leverage ratio has shown an increasing trend over the same period. The Financial Leverage ratio increased from 4.95 in March 2020 to 5.50 in December 2024. This indicates that the company's reliance on debt to finance its assets and operations has slightly increased over the years.
Overall, based on these solvency ratios, Edison International appears to have a strong financial position with low debt levels and a conservative approach to leverage, which may indicate stability and sustainable financial health in the long term.
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 | 2.11 | 2.18 | 1.94 | 1.90 | 1.82 | 1.81 | 1.57 | 1.47 | 1.31 | 1.36 | 1.42 | 1.60 | 1.83 | 1.80 | 1.44 | 1.39 | 1.27 | 0.96 | 2.14 | 2.34 |
Edison International's interest coverage ratio has fluctuated over the past few years, indicating its ability to meet interest payments on outstanding debt. The interest coverage ratio is a measure of a company's ability to cover its interest expenses with its operating income.
From March 2020 to December 2024, the interest coverage ratio has ranged from a low of 0.96 to a high of 2.34. The ratio decreased in September 2020, indicating a potential strain on the company's ability to cover interest expenses with its operating income. However, it has gradually improved since then, reaching a peak of 2.18 in September 2024.
Overall, the trend in the interest coverage ratio suggests that Edison International has been able to better cover its interest expenses with its operating income over time. An interest coverage ratio above 1 indicates that the company is generating enough operating income to cover its interest payments, with higher ratios indicating a stronger ability to meet these obligations. It would be important to continue monitoring the interest coverage ratio to ensure that the company's financial health remains stable.