EPAM Systems Inc (EPAM)
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 | 1.31 | 1.25 | 1.24 | 1.26 | 1.25 | 1.26 | 1.25 | 1.30 | 1.34 | 1.35 | 1.36 | 1.37 | 1.42 | 1.39 | 1.34 | 1.35 | 1.37 | 1.37 | 1.36 | 1.40 |
The solvency ratios of EPAM Systems Inc, based on the provided data, indicate a strong financial position with low levels of debt relative to assets, capital, and equity.
- The Debt-to-assets ratio has consistently remained at 0.00 over the entire period, suggesting that the company has not relied on debt financing to fund its assets.
- Similarly, the Debt-to-capital ratio has remained at 0.00, indicating that the company has not used debt to finance its capital structure.
- The Debt-to-equity ratio has also consistently stayed at 0.00, highlighting the absence of financial leverage in the company's capital structure.
- The Financial leverage ratio has shown a decreasing trend over the period, from 1.40 in March 31, 2020, to 1.31 in December 31, 2024. This indicates that the company has been effectively managing its leverage and reducing its reliance on debt financing.
Overall, based on the solvency ratios, EPAM Systems Inc appears to be in a strong financial position with minimal debt levels and prudent capital structure management strategies.
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 | — | 231.36 | 211.78 | 220.41 | 112.60 | 89.37 | 59.15 | 49.24 | 56.63 | 52.79 | 43.26 | 49.54 | 52.80 | 62.63 | 212.93 | 197.71 | 181.17 | — | — | — |
EPAM Systems Inc's interest coverage ratio provides insight into the company's ability to meet its interest obligations with its operating income. The interest coverage ratio is calculated by dividing the operating income by the interest expense.
From the provided data, we can see that the interest coverage ratio for EPAM Systems Inc was not available for the periods ending March 31, 2020, June 30, 2020, and September 30, 2020. However, the company's interest coverage has shown fluctuations in subsequent periods.
In December 31, 2020, EPAM Systems Inc had an interest coverage ratio of 181.17, indicating a strong ability to cover its interest obligations. This ratio improved further in the following quarters, reaching a peak of 231.36 on September 30, 2024.
However, in the recent quarters, there has been a decline in the interest coverage ratio. For instance, by March 31, 2024, the ratio dropped to 220.41 and continued to decrease to 112.60 by December 31, 2023. The most recent data point available, December 31, 2024, shows that the interest coverage ratio was not available.
The declining trend in the interest coverage ratio from its peak levels may indicate a potential concern regarding the company's ability to comfortably meet its interest obligations from its operating income. It would be prudent for stakeholders to monitor this ratio closely in the upcoming periods to assess the company's financial health and ability to service its debt efficiently.