Exponent Inc (EXPO)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.82 | 1.83 | 1.64 | 1.60 | 1.61 |
Based on the solvency ratios provided for Exponent Inc over the past five years, we can observe the following:
1. Debt-to-assets ratio: The company has consistently maintained a debt-to-assets ratio of 0.00 across all years. This indicates that Exponent Inc has not utilized debt financing to fund its operations and investments, and its assets are primarily financed through equity.
2. Debt-to-capital ratio: Similarly, the debt-to-capital ratio has also remained at 0.00 throughout the period. This suggests that the capital structure of Exponent Inc is characterized by a negligible presence of debt in relation to its overall capital, which largely comprises equity.
3. Debt-to-equity ratio: The debt-to-equity ratio has consistently remained at 0.00 over the past five years. This reaffirms that Exponent Inc has not taken on any significant debt relative to its equity position, emphasizing a conservative approach to financial leverage.
4. Financial leverage ratio: The financial leverage ratio, which measures the extent of a company's leverage through debt, has shown a slight fluctuation over the years, ranging from 1.60 to 1.83. The ratio peaked at 1.83 in 2022 and has since decreased to 1.82 in 2023, indicating a modest decrease in financial leverage.
Overall, based on the solvency ratios analyzed, Exponent Inc appears to maintain a conservative financial structure with minimal reliance on debt financing. The company's consistent low debt levels relative to assets, capital, and equity suggest a prudent approach to managing its solvency and financial risk.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | — |
The interest coverage ratio for Exponent Inc is not provided in the table for the years 2019 to 2023. The interest coverage ratio is a financial metric used to assess a company's ability to meet its interest obligations on outstanding debt. It is calculated by dividing the earnings before interest and taxes (EBIT) by the interest expense. A higher interest coverage ratio indicates a company's better ability to cover its interest payments.
Since the interest coverage ratio is not available in the provided data, it is not possible to evaluate Exponent Inc's ability to meet its interest obligations over the years 2019 to 2023. To conduct a comprehensive analysis of the company's financial health and risk management in terms of debt servicing capacity, it would be necessary to have the EBIT and interest expense figures for each respective year in order to calculate the interest coverage ratio.