EPAM Systems Inc (EPAM)
Solvency ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 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 | 1.41 | 1.37 | 1.36 | 1.37 |
EPAM Systems Inc has consistently maintained low solvency ratios, indicating a strong financial position in terms of debt management. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have remained stable at 0.01 across all quarters in the provided data, suggesting that the company has minimal reliance on debt to finance its assets and operations.
The financial leverage ratio, while slightly fluctuating, has also remained relatively low, ranging from 1.25 to 1.37 over the quarters. This indicates that the company's assets are primarily financed through equity rather than debt, with a moderate level of leverage. Overall, the solvency ratios for EPAM Systems Inc demonstrate a solid financial structure and low risk of financial distress due to debt obligations.
Coverage ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | 264.30 | 97.59 | 71.54 | 55.33 | 55.01 | 46.57 | 57.31 | 56.02 | 66.23 | 214.77 | 194.38 | 184.77 | — | — | — | — | — | — | 475.00 |
As the data for interest coverage for EPAM Systems Inc is not available for the periods specified, a detailed analysis of this ratio cannot be provided at this time. Interest coverage is a key financial metric that indicates a company's ability to meet its interest obligations with its earnings before interest and taxes (EBIT). It is calculated by dividing EBIT by the total interest expense. A higher interest coverage ratio indicates a company's ability to easily cover its interest payments, signifying financial stability and lower default risk. Conversely, a lower interest coverage ratio may indicate financial distress and difficulty meeting interest obligations. For a more comprehensive analysis of EPAM Systems Inc's financial health and performance, additional financial data and context would be necessary.