F5 Networks Inc (FFIV)
Solvency ratios
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 | Dec 31, 2019 | |
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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 | 0.07 | 0.07 | 0.07 | 0.08 | 0.07 | 0.08 | 0.08 | 0.09 | 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 | 0.13 | 0.13 | 0.14 | 0.15 | 0.13 | 0.14 | 0.15 | 0.16 | 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 | 0.14 | 0.15 | 0.16 | 0.18 | 0.15 | 0.17 | 0.17 | 0.19 | 0.00 |
Financial leverage ratio | 1.79 | 1.80 | 1.84 | 1.87 | 1.87 | 1.93 | 1.92 | 1.97 | 2.14 | 2.16 | 2.12 | 2.11 | 2.12 | 2.18 | 2.25 | 2.04 | 2.10 | 2.12 | 2.22 | 2.01 |
F5 Networks Inc has consistently maintained a low level of debt relative to its assets, capital, and equity over the past few reporting periods. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all been at 0.00 in the most recent period, indicating that the company is not heavily reliant on debt financing.
However, the financial leverage ratio has shown some variability, ranging from 1.79 to 2.25 in the last eight quarters. This ratio indicates the extent to which the company's operations are funded through debt. The upward trend in the financial leverage ratio over the past few quarters suggests an increasing reliance on debt to finance the company's operations, which could pose some risk in terms of financial stability.
Overall, F5 Networks Inc's solvency ratios indicate a conservative approach to debt management, with a focus on maintaining a strong financial position with limited leverage. Continued monitoring of the financial leverage ratio will be important to ensure that the company's debt levels remain sustainable.
Coverage ratios
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 | Dec 31, 2019 | |
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Interest coverage | — | 85.94 | 77.94 | 53.64 | 31.76 | 26.77 | 19.20 | 18.43 | 25.29 | 51.82 | 212.81 | — | — | — | — | — | — | — | — | — |
F5 Networks Inc's interest coverage ratio has fluctuated over the past several quarters. The interest coverage ratio measures the company's ability to cover its interest expenses with its operating income.
In the most recent quarter, the interest coverage ratio was not provided. However, in the previous quarter (June 30, 2024), it stood at 85.94, indicating that the company generated 85.94 times the operating income necessary to cover its interest expenses.
Looking further back, the interest coverage ratio has exhibited significant variability, ranging from a low of 18.43 in December 31, 2022, to a high of 212.81 in June 30, 2022. This suggests fluctuations in the company's ability to service its interest payments over time.
Overall, the interest coverage ratio for F5 Networks Inc has shown both strong and weak performance in covering its interest obligations. It is essential for investors and stakeholders to closely monitor this ratio to assess the company's financial health and its capacity to meet its debt obligations.