National Vision Holdings Inc (EYE)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| 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 | 2.46 | 2.62 | 2.54 | 2.48 | 2.57 |
National Vision Holdings Inc has consistently shown a strong solvency position based on its solvency ratios.
The Debt-to-assets ratio for the company has remained at 0.00 for all the years from 2020 to 2024, indicating that the company's total debt is not significant relative to its total assets. This suggests that National Vision Holdings Inc has a low level of financial risk associated with its debt obligations.
Similarly, the Debt-to-capital ratio has also remained at 0.00 across the same period, which reflects that the company's debt is minimal in relation to its total capital structure. This indicates that National Vision Holdings Inc is not heavily reliant on debt financing to support its operations.
The Debt-to-equity ratio has also consistently remained at 0.00 for all the years from 2020 to 2024, highlighting that the company's debt is negligible compared to its equity. This implies that National Vision Holdings Inc has a healthy balance between debt and equity in its capital structure.
Moreover, the Financial leverage ratio, which measures the extent to which the company is using debt to finance its operations, has ranged from 2.46 to 2.62 during the period under review. This indicates that the company's use of debt is moderate and has been relatively stable over the years.
In summary, based on the solvency ratios, National Vision Holdings Inc appears to have a robust financial position with limited reliance on debt for its capital structure.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | -0.59 | -3.15 | 132.63 | 6.83 | 1.81 |
The interest coverage ratio of National Vision Holdings Inc has shown significant fluctuations over the years.
As of December 31, 2020, the interest coverage ratio was 1.81, indicating that the company's operating income was just sufficient to cover its interest expenses.
By December 31, 2021, the interest coverage ratio improved to 6.83, reflecting a stronger ability to cover interest obligations with operating income.
The ratio surged notably to 132.63 by December 31, 2022, signifying a substantial increase in the company's ability to comfortably cover its interest expenses using its operating income.
However, there was a concerning dip in the interest coverage ratio to -3.15 by December 31, 2023, suggesting that the company's operating income was insufficient to cover its interest costs during that period.
Furthermore, the interest coverage ratio deteriorated further to -0.59 by December 31, 2024, indicating a significant challenge in meeting interest payments from operating income.
Overall, the fluctuating trend in National Vision Holdings Inc's interest coverage ratio indicates varying levels of financial health and challenges in managing interest expenses over the years.