National Vision Holdings Inc (EYE)
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 | 2.46 | 2.40 | 2.54 | 2.56 | 2.80 | 2.70 | 2.57 | 2.58 | 2.54 | 2.53 | 2.56 | 2.45 | 2.48 | 2.43 | 2.52 | 2.73 | 2.57 | 2.67 | 2.70 | 2.82 |
National Vision Holdings Inc has consistently maintained a strong solvency position, as indicated by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios, all of which stand at 0.00 across the years examined. This suggests that the company has minimal debt in relation to its assets, capital, and equity. Additionally, the financial leverage ratio, which measures the proportion of debt in the company's capital structure, has remained relatively stable over time, ranging between 2.40 and 2.80. This indicates a moderate level of financial leverage that has not shown significant fluctuations. Overall, these solvency ratios reflect a sound financial position for National Vision Holdings Inc, with a conservative approach to debt management and a stable capital structure.
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 | -0.47 | 0.26 | 1.01 | 1.51 | 1.98 | 2.53 | 4.12 | 4.61 | 5.22 | 6.27 | 6.88 | 6.49 | 6.92 | 6.45 | 5.51 | 2.81 | 1.80 | 0.89 | -0.39 | 1.52 |
The interest coverage ratio of National Vision Holdings Inc shows the ability of the company to meet its interest obligations with its earnings. Looking at the trend over the periods provided, we see fluctuations in the ratio.
The interest coverage ratio was lowest in June 2020 at -0.39, indicating that the company's earnings were insufficient to cover its interest expenses that quarter. This may raise concerns about the company's financial health and ability to service its debt.
However, the ratio started to improve in the subsequent periods, reaching a peak of 6.92 by December 2021, suggesting a significant improvement in the company's ability to cover its interest payments with its earnings. This positive trend continued until June 2022, with the ratio staying above 6.
After June 2022, the interest coverage ratio started to decline gradually but remained above 4 until March 2023. However, in the following periods, the ratio decreased further, dropping to 1.51 by March 2024. The downward trend continued, reaching -0.47 by December 2024, indicating a concerning decline in the company's ability to cover its interest expenses with its earnings.
Overall, the analysis of National Vision Holdings Inc's interest coverage suggests fluctuations in the company's ability to cover its interest payments, with notable improvements followed by a concerning decline towards the end of the period provided. It is important for stakeholders to closely monitor these trends and assess the company's financial health and debt servicing capabilities.