Eagle Materials Inc (EXP)
Solvency ratios
| Mar 31, 2025 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2.24 | 2.03 | 2.18 | 2.25 | 2.28 | 2.17 | 2.23 | 2.35 | 2.35 | 2.34 | 2.43 | 2.47 | 2.28 | 2.09 | 2.00 | 2.08 | 2.09 | 2.16 | 2.46 | 2.82 |
Eagle Materials Inc's solvency ratios indicate a consistently strong financial position with low levels of debt relative to its assets and capital over the reporting periods up to March 31, 2025.
The Debt-to-assets ratio remained at 0.00 throughout the entire period, indicating that the company financed its assets without relying significantly on debt. This suggests that Eagle Materials Inc has a low financial risk associated with debt obligations.
Similarly, the Debt-to-capital ratio also stayed at 0.00 across all reporting periods, indicating that the company's capital structure was not heavily reliant on debt. This further reinforces the company's financial stability and ability to fund its operations through other means.
The Debt-to-equity ratio also remained constant at 0.00, indicating that Eagle Materials Inc was predominantly using equity financing to support its operations rather than taking on debt. This aligns with the low-risk profile reflected in the other solvency ratios.
The Financial leverage ratio, which provides insight into the proportion of a company's debt to its equity, showed a slight fluctuation but generally remained below 3. A ratio of 2.24 as of March 31, 2025, indicates that Eagle Materials Inc has moderate financial leverage and is not overly reliant on debt to fund its operations.
Overall, the solvency ratios suggest that Eagle Materials Inc has maintained a robust financial position with minimal reliance on debt financing, indicating a stable and sustainable capital structure.
Coverage ratios
| Mar 31, 2025 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 14.75 | 15.22 | 14.93 | 15.22 | 14.57 | 14.93 | 14.93 | 15.38 | 16.92 | 18.19 | 19.61 | 15.98 | 15.68 | 13.77 | 12.09 | 11.39 | 9.90 | 9.48 | 3.94 | 3.74 |
Eagle Materials Inc's interest coverage ratio has shown a positive trend over the specified period. The ratio has increased from 3.74 as of June 30, 2020, to 14.75 as of March 31, 2025. This suggests that the company's ability to cover its interest expenses with its earnings has improved significantly over time.
The interest coverage ratio of 14.75 as of March 31, 2025, indicates that Eagle Materials Inc generated earnings that were approximately 14.75 times the amount needed to cover its interest expenses. This high ratio suggests that the company is in a strong financial position and is capable of comfortably servicing its debt obligations.
Overall, the increasing trend in the interest coverage ratio signifies improved financial health and stability for Eagle Materials Inc, reflecting its ability to meet its interest payments from operating profits efficiently and indicating lower financial risk associated with debt servicing.