ExlService Holdings Inc (EXLS)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.18 | 0.09 | 0.16 | 0.00 | 0.16 |
| Debt-to-capital ratio | 0.23 | 0.13 | 0.22 | 0.00 | 0.22 |
| Debt-to-equity ratio | 0.30 | 0.15 | 0.29 | 0.00 | 0.28 |
| Financial leverage ratio | 1.74 | 1.62 | 1.78 | 1.85 | 1.74 |
ExlService Holdings Inc's solvency ratios indicate a strong financial position over the years. The Debt-to-assets ratio has shown a consistent and low trend, decreasing from 0.16 in 2020 to 0.09 in 2023 before slightly increasing to 0.18 in 2024. This suggests that the company relies less on debt to finance its assets.
Similarly, the Debt-to-capital ratio also demonstrates a favorable trend, starting at 0.22 in 2020 and dropping to 0.13 in 2023, before rising slightly to 0.23 in 2024. This indicates that the company has been effective in managing its debt in relation to its total capital structure.
The Debt-to-equity ratio has remained relatively stable over the years, with a slight increase from 0.28 in 2020 to 0.30 in 2024. This ratio reflects a moderate level of leverage and indicates that ExlService Holdings Inc has maintained a healthy balance between debt and equity in its capital structure.
The Financial leverage ratio has shown fluctuations but has generally been maintained within a reasonable range, varying from 1.62 in 2023 to 1.85 in 2021. This ratio suggests that the company has been able to generate sufficient earnings to cover its financial obligations and has not been overly reliant on debt to finance its operations.
Overall, based on the solvency ratios provided, ExlService Holdings Inc appears to have a solid financial standing, effectively managing its debt levels and maintaining a healthy balance between debt and equity in its capital structure.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 13.69 | 19.06 | 24.09 | 20.39 | 11.29 |
Based on the data provided, ExlService Holdings Inc's interest coverage has shown a generally positive trend over the years, with the ratio increasing from 11.29 in December 31, 2020, to 20.39 in December 31, 2021, 24.09 in December 31, 2022, 19.06 in December 31, 2023, and 13.69 in December 31, 2024.
A higher interest coverage ratio indicates that the company is more capable of meeting its interest obligations from its operating income. The significant increase in the interest coverage ratio over the years suggests that ExlService Holdings Inc has been effectively managing its interest expenses relative to its operating earnings.
However, the slight decrease in the interest coverage ratio in December 31, 2024, compared to the previous year could be a point of attention, as it indicates a lower ability to cover interest expenses with operating income. Overall, the company's interest coverage appears stable and healthy based on the trend observed in the data provided.