Ethan Allen Interiors Inc (ETD)
Solvency ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.08 | 0.08 | 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 | 0.13 | 0.13 | 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 | 0.15 | 0.15 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.54 | 1.55 | 1.53 | 1.60 | 1.58 | 1.64 | 1.63 | 1.74 | 1.77 | 1.86 | 1.88 | 1.97 | 1.94 | 1.93 | 1.83 | 1.87 | 1.90 | 2.07 | 1.71 | 1.77 |
Ethan Allen Interiors Inc has consistently maintained a very low level of debt relative to its assets, capital, and equity, with debt-to-assets, debt-to-capital, and debt-to-equity ratios all at 0.00 for the periods presented. This indicates that the company operates with minimal financial leverage and relies more on equity financing rather than debt to fund its operations and investments.
The financial leverage ratio, which measures the extent to which a company is using debt to finance its operations, has shown some fluctuations over the periods analyzed. It ranged from 1.53 to 1.97, with an average of around 1.77. This suggests that while the company has a conservative debt policy overall, there have been slight variations in its leverage position over time.
Overall, the solvency ratios indicate that Ethan Allen Interiors Inc has a strong financial position with a sound capital structure that is not overly reliant on debt financing. Investors and stakeholders can rely on the company's ability to meet its debt obligations and manage financial risks effectively.
Coverage ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 318.33 | 373.62 | 454.82 | 529.21 | 644.11 | 4,220.93 | 4,259.43 | 4,296.65 | 4,385.14 | 617.27 | 547.18 | 479.20 | 131.89 | 31.66 | 14.51 | 5.24 | 14.01 | 50.43 | 115.19 | 130.73 |
The interest coverage ratio for Ethan Allen Interiors Inc has shown significant fluctuations over the provided periods. The ratio indicates the company's ability to meet its interest expenses with its earnings before interest and taxes (EBIT).
From December 2019 to September 2020, the interest coverage ratio ranged from 5.24 to 115.19, showing some variability but generally staying above the acceptable threshold of 1. This suggests that the company was able to comfortably cover its interest payments during this period.
However, there was a drastic increase in the interest coverage ratio in the first quarter of 2021 to 4,259.43 and 4,220.93 in the following quarter. Such exceptionally high ratios are atypical and may be due to specific factors such as a significant increase in EBIT or a temporary reduction in interest expenses.
From September 2021 to June 2024, the interest coverage ratio continued to fluctuate but generally remained well above 1, indicating that Ethan Allen Interiors Inc was able to cover its interest expenses several times over during these periods.
Overall, while the interest coverage ratio for Ethan Allen Interiors Inc has experienced significant variations, the company's ability to cover its interest payments with its earnings has generally been strong and stable, with occasional spikes that may warrant further investigation.