Exponent Inc (EXPO)
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 | 0.00 | 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 | 1.85 | 1.81 | 1.80 | 1.68 | 1.86 | 1.70 | 1.69 | 1.66 | 1.83 | 1.75 | 1.68 | 1.60 | 1.64 | 1.58 | 1.60 | 1.53 | 1.60 | 1.56 | 1.54 | 1.50 |
Exponent Inc's solvency ratios indicate a strong financial position with consistently low levels of debt relative to assets, capital, and equity. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all been reported as 0.00 across multiple periods, suggesting that the company has no significant debt obligations in relation to its assets, capital, or equity.
Furthermore, the financial leverage ratio, which measures the extent to which the company relies on debt financing, has shown a relatively stable trend over time. Despite some fluctuations, the financial leverage ratio has generally remained below 2x, indicating that Exponent Inc is not heavily leveraged and has a conservative capital structure.
Overall, based on the solvency ratios provided, Exponent Inc appears to have a solid financial foundation with minimal debt levels and a prudent approach to managing its financial obligations.
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 | — | — | — | — | 17.35 | 14.97 | 14.17 | 15.98 | 72.52 | 205.47 | 2,083.20 | 1,643.05 | 415.75 | 182.48 | 106.60 | 41.83 | 6.20 | 4.68 | 4.42 | 4.49 |
The interest coverage ratio measures a company's ability to meet its interest obligations on outstanding debt. Exponent Inc's interest coverage ratio has shown significant fluctuations over the years based on the provided data:
- From March 31, 2020, to June 30, 2021, the interest coverage ratio steadily increased from 4.49 to 106.60, indicating an improving ability to cover interest expenses.
- By December 31, 2021, the interest coverage ratio increased substantially to 415.75, signaling a strong capacity to meet interest payments comfortably.
- However, the interest coverage ratio saw a drastic decline by March 31, 2022, reaching 1,643.05, potentially raising concerns about the company's ability to cover interest expenses adequately.
- The ratio continued to fluctuate in the following quarters, ranging from 14.17 to 72.52 by June 30, 2023, showing some instability in meeting interest obligations.
Overall, Exponent Inc's interest coverage ratio displayed substantial volatility during the period under review, indicating varying levels of financial risk and ability to service debt. It is important for stakeholders to monitor these fluctuations to assess the company's financial health and debt repayment capabilities effectively.