Franklin Electric Co Inc (FELE)
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 | 1.44 | 1.42 | 1.46 | 1.45 | 1.43 | 1.46 | 1.57 | 1.65 | 1.59 | 1.67 | 1.78 | 1.75 | 1.66 | 1.67 | 1.68 | 1.49 | 1.50 | 1.48 | 1.49 | 1.53 |
The solvency ratios for Franklin Electric Co Inc indicate a strong financial position with consistently low levels of debt relative to assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all remained at 0.00 consistently across all reported periods up to December 31, 2024. This suggests that the company is not heavily reliant on debt to finance its operations and investments.
The Financial leverage ratio, which measures the extent to which the company utilizes debt in its capital structure, has shown slight fluctuations but generally remains within the range of 1.42 to 1.78 over the reporting periods. This indicates that Franklin Electric Co Inc has a moderate level of financial leverage compared to its equity.
Overall, based on the solvency ratios analysis, Franklin Electric Co Inc appears to have a conservative approach to managing its capital structure and financial obligations, thereby indicating a low-risk profile in terms of solvency and financial stability.
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 | 37.22 | 37.72 | 31.21 | 24.65 | 21.71 | 18.44 | 18.58 | 20.65 | 22.57 | 28.71 | 32.49 | 35.76 | 37.52 | 35.18 | 34.59 | 32.65 | 28.03 | 24.69 | 20.31 | 18.57 |
The interest coverage ratio for Franklin Electric Co Inc has shown a generally positive trend from March 31, 2020, to December 31, 2021, increasing from 18.57 to 37.52. This indicates that the company's operating income was comfortably sufficient to cover its interest expenses during this period.
However, from March 31, 2022, to December 31, 2024, the interest coverage ratio exhibited some fluctuations, decreasing to 18.44 on September 30, 2023, but recovering to 37.72 on September 30, 2024. Overall, the company maintained a healthy interest coverage ratio above 20 during this period, which suggests that it can meet its interest obligations without difficulty.
Investors and creditors typically view a higher interest coverage ratio as a positive indicator of a company's financial health and ability to service its debt. It is important for Franklin Electric Co Inc to continue monitoring and managing its interest coverage ratio to ensure sustainable financial performance.