Comfort Systems USA Inc (FIX)
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 | 2.76 | 2.59 | 2.60 | 2.74 | 2.52 |
Comfort Systems USA Inc has consistently shown very strong solvency ratios over the last five years. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all been at 0.00% for each year from 2020 to 2024. This indicates that the company has no significant debt relative to its assets, capital, or equity, which is a positive sign of financial stability.
Furthermore, the financial leverage ratio has remained relatively stable, ranging from 2.52 in 2020 to 2.76 in 2024. This ratio indicates that for every dollar of equity, the company has around $2.52 to $2.76 of debt. Despite the increase in 2024, the financial leverage ratio is still at a moderate level, suggesting that the company's use of debt to finance its operations is reasonable and well-managed.
Overall, based on these solvency ratios, Comfort Systems USA Inc appears to be in a strong financial position with low debt levels and reasonable leverage, which indicates a solid ability to meet its financial obligations and withstand economic challenges.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 132.99 | 40.47 | 18.24 | 34.40 | 28.47 |
The interest coverage ratio for Comfort Systems USA Inc has shown a generally positive trend over the years, indicating the company's ability to cover its interest expenses with its operating income.
As of December 31, 2020, the interest coverage ratio was 28.47, reflecting a strong ability to meet interest obligations. This ratio improved to 34.40 by December 31, 2021, suggesting further strength in the company's ability to service its debt. However, by December 31, 2022, the interest coverage ratio decreased to 18.24, indicating a slight decline in the company's ability to cover its interest expenses with operating income.
The trend reversed positively in the subsequent years, with the interest coverage ratio reaching 40.47 by December 31, 2023, reflecting an improved ability to meet interest obligations. Notably, by December 31, 2024, the interest coverage ratio significantly increased to 132.99, indicating a substantial improvement in the company's ability to cover interest expenses with operating income, suggesting a much healthier financial position.
Overall, the fluctuation in the interest coverage ratio over the years indicates some variability in Comfort Systems USA Inc's ability to cover its interest expenses with operating income, with recent years showing a strong improvement and a particularly robust result by the end of 2024.