EPAM Systems Inc (EPAM)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.31 | 1.25 | 1.34 | 1.42 | 1.37 |
EPAM Systems Inc has consistently maintained a strong solvency position as indicated by its solvency ratios over the years. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been at 0.00 for each year from 2020 to 2024. This implies that the company has no significant debt relative to its total assets, capital structure, or equity during this period.
Furthermore, the Financial leverage ratio, which measures the extent of a company's financial leverage, has shown a gradual decrease from 1.37 in 2020 to 1.31 in 2024. This suggests that the company has been reducing its reliance on debt financing and moving towards a more balanced and sustainable capital structure over time.
Overall, EPAM Systems Inc's solvency ratios reflect a prudent approach to managing its financial obligations and indicate a solid financial position with low debt levels, which is favorable for long-term stability and growth.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | — | 190.41 | 57.15 | 273.10 | 68.82 |
EPAM Systems Inc's interest coverage ratio has displayed fluctuations over the years. As of December 31, 2020, the interest coverage ratio stood at 68.82, indicating that the company generated sufficient operating income to cover its interest expenses. The following year, on December 31, 2021, the interest coverage ratio improved significantly to 273.10, reflecting a stronger ability to meet interest obligations.
However, by December 31, 2022, the interest coverage ratio decreased to 57.15, suggesting a potential decrease in the company's ability to cover interest expenses through operating income. Subsequently, by December 31, 2023, the interest coverage ratio recovered to 190.41, indicating a healthier position compared to the previous year.
It is worth noting that no data is available for December 31, 2024, which limits the ability to analyze the company's interest coverage for that year. Overall, fluctuations in the interest coverage ratio highlight the importance of monitoring EPAM Systems Inc's ability to meet its interest obligations with operating income and the need for continued financial evaluation.