Enerpac Tool Group Corp (EPAC)

The solvency ratios of Enerpac Tool Group Corp indicate the company's capacity to meet its long-term financial obligations. The debt-to-assets ratio has shown a slight increase from 0.27 in 2022 to 0.28 in 2023, suggesting a slightly higher reliance on debt to finance its assets. However, the ratio remains relatively stable over the years.

The debt-to-capital ratio has also displayed a consistent pattern, standing at 0.39 in 2022 and 0.40 in 2023, indicating the proportion of financing provided by debt relative to the company's total capital. This suggests a moderate reliance on debt for capital funding over the years.

The debt-to-equity ratio has shown a fluctuating trend, with a decrease from 0.64 in 2022 to 0.66 in 2023. This indicates that the company's reliance on equity to finance its assets has marginally decreased.

Furthermore, the financial leverage ratio, which measures the extent to which the company utilizes debt in its capital structure, has displayed a relatively stable pattern over the years. The ratio decreased from 2.38 in 2022 to 2.33 in 2023, implying a slight reduction in financial leverage.

Overall, the solvency ratios suggest a relatively stable and moderate reliance on debt for capital funding, with a decreasing trend in the debt-to-equity ratio and a modest shift in the debt-to-assets ratio. This indicates a prudent approach to managing long-term financial obligations.

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Coverage ratios

I'm sorry, but I cannot provide specific financial data or ratios for Enerpac Tool Group Corp as the information provided is insufficient to perform the calculation. However, I can guide you on how to calculate interest coverage, which is a financial ratio used to evaluate a company's ability to meet its interest obligations.

Interest coverage is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense. The formula for interest coverage is:

Interest Coverage = EBIT / Interest Expense

To calculate the interest coverage for Enerpac Tool Group Corp, you would need the company's EBIT and interest expense figures for the years provided in the table. Without these specific financial figures, it is not possible to provide a detailed and comprehensive analysis of the interest coverage ratio for Enerpac Tool Group Corp. If you have the necessary financial data, I would be happy to assist you further with the analysis.