Entegris Inc (ENTG)

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	0.47	0.48	0.49	0.50	0.52	0.55	0.55	0.56	0.56	0.56	0.58	0.29	0.29	0.31	0.33	0.37	0.37	0.39	0.42	0.41
Debt-to-capital ratio	0.52	0.53	0.54	0.55	0.57	0.62	0.62	0.36	0.36	0.64	0.64	0.34	0.35	0.37	0.38	0.43	0.44	0.47	0.51	0.49
Debt-to-equity ratio	1.08	1.13	1.18	1.22	1.34	1.61	1.64	0.56	0.56	1.81	1.78	0.51	0.55	0.58	0.62	0.76	0.79	0.88	1.02	0.98
Financial leverage ratio	2.27	2.36	2.38	2.44	2.59	2.92	2.96	1.00	1.00	3.25	3.06	1.80	1.86	1.87	1.90	2.05	2.12	2.26	2.43	2.36

Entegris Inc's solvency ratios provide insights into the company's ability to meet its long-term financial obligations and the level of financial risk it carries.

1. Debt-to-assets ratio: This ratio indicates the proportion of the company's assets that are financed by debt. Entegris Inc's debt-to-assets ratio has fluctuated over the years, but generally decreased from 0.41 in March 2020 to 0.47 in December 2024. A lower ratio suggests lower financial risk as the company relies less on debt financing for its assets.

2. Debt-to-capital ratio: The debt-to-capital ratio measures the proportion of a company's capital structure that is financed by debt. Entegris Inc's debt-to-capital ratio decreased from 0.49 in March 2020 to 0.52 in December 2024, indicating a decreasing reliance on debt in its capital structure. A lower ratio implies a healthier financial position and less risk associated with debt obligations.

3. Debt-to-equity ratio: The debt-to-equity ratio demonstrates the level of financial leverage a company utilizes to finance its operations. Entegris Inc's debt-to-equity ratio fluctuated over the years, ranging from 0.55 in December 2021 to 1.08 in December 2024. A higher ratio may indicate higher financial risk as the company has a higher level of debt relative to its equity.

4. Financial leverage ratio: The financial leverage ratio compares a company's total assets to its equity. Entegris Inc's financial leverage ratio decreased from 2.36 in March 2020 to 2.27 in December 2024. A lower financial leverage ratio indicates a lower level of financial risk and suggests that the company is relying less on debt to finance its assets.

Overall, Entegris Inc has shown improvement in its solvency ratios over the years, indicating a stronger financial position and reduced financial risk. However, periodic fluctuations in these ratios suggest ongoing monitoring and management of the company's debt levels to maintain a healthy balance between debt and equity financing.

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	2.49	2.02	1.71	2.01	1.55	1.64	1.30	1.12	2.16	3.38	9.45	13.40	12.62	10.94	9.55	8.70	8.29	7.42	6.48	8.50

Entegris Inc's interest coverage ratio has shown fluctuations over the past few years, indicating changes in the company's ability to cover its interest expenses with its earnings before interest and taxes (EBIT). The interest coverage ratio started at a strong level of 8.50 in March 2020 and gradually declined to a low of 1.12 in March 2023, suggesting potential difficulties in meeting interest obligations from operating income during that period.

However, there was a notable improvement in the interest coverage ratio from March 2023 onwards, with the ratio increasing to 2.01 by March 2024. This improvement indicates a better ability to cover interest expenses, possibly due to enhanced profitability or cost management strategies implemented by Entegris Inc.

Overall, the trend in Entegris Inc's interest coverage ratio reflects both challenges and improvements in the company's financial health and capability to service its debt obligations. Monitoring this ratio going forward will be crucial to assess the company's ongoing ability to meet its interest payments comfortably.