ExlService Holdings Inc (EXLS)

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 0.18 0.21 0.17 0.19 0.09 0.11 0.14 0.12 0.16 0.18 0.19 0.20 0.00 0.15 0.12 0.17 0.16 0.18 0.18 0.19
Debt-to-capital ratio 0.23 0.27 0.23 0.26 0.13 0.16 0.19 0.17 0.22 0.25 0.27 0.27 0.00 0.20 0.16 0.22 0.22 0.23 0.24 0.26
Debt-to-equity ratio 0.30 0.37 0.30 0.35 0.15 0.19 0.23 0.20 0.29 0.33 0.36 0.37 0.00 0.25 0.19 0.28 0.28 0.30 0.32 0.36
Financial leverage ratio 1.74 1.77 1.76 1.79 1.62 1.64 1.63 1.65 1.78 1.87 1.88 1.82 1.85 1.71 1.61 1.69 1.74 1.72 1.75 1.93

ExlService Holdings Inc's solvency ratios reflect its ability to meet its long-term financial obligations and the extent of its reliance on debt financing.

1. Debt-to-assets ratio: ExlService Holdings Inc's debt-to-assets ratio has shown a decreasing trend from 0.19 as of March 31, 2020, to 0.18 as of December 31, 2024. The company's low debt-to-assets ratio indicates that a smaller proportion of its assets is financed by debt.

2. Debt-to-capital ratio: The company's debt-to-capital ratio has also demonstrated a declining pattern from 0.26 as of March 31, 2020, to 0.18 as of December 31, 2024. This indicates that ExlService Holdings Inc has been reducing its reliance on debt capital in relation to its total capital structure over the period.

3. Debt-to-equity ratio: ExlService Holdings Inc's debt-to-equity ratio has followed a similar decreasing trend, falling from 0.36 as of March 31, 2020, to 0.30 as of December 31, 2024. This indicates that the company has been decreasing its debt relative to shareholder equity, which can be viewed positively by investors and creditors.

4. Financial leverage ratio: The financial leverage ratio, which measures the extent to which the company uses debt to finance its operations, has also decreased over the period from 1.93 as of March 31, 2020, to 1.74 as of December 31, 2024. This reflects a lower reliance on debt financing and a stronger equity position in the company's capital structure.

Overall, ExlService Holdings Inc's solvency ratios suggest an improvement in its financial stability and risk management as it has reduced its debt levels relative to its assets, capital, equity, and overall financial leverage over the analyzed period.

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 13.91 14.79 16.34 19.43 19.06 17.84 18.62 19.82 24.09 34.00 34.00 26.67 20.39 16.72 15.87 13.06 11.29 9.61 8.38 8.04

The interest coverage ratio of ExlService Holdings Inc has shown a generally positive trend over the years, indicating the company's ability to meet its interest obligations with ease. The ratio has consistently improved from 8.04 as of March 31, 2020, to 13.91 as of December 31, 2024. This upward trend suggests that the company's operating income is more than sufficient to cover its interest expenses, reflecting a strong financial position. However, it is important to note a slight dip in the ratio in the most recent period, from 19.43 as of March 31, 2024, to 13.91 as of December 31, 2024, which may warrant further monitoring to ensure the company's continued ability to service its debt obligations. Overall, the interest coverage ratio indicates a healthy financial position for ExlService Holdings Inc, but ongoing monitoring is advised to ensure sustained performance.