Comfort Systems USA Inc (FIX)
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 | 2.76 | 2.78 | 2.84 | 2.84 | 2.59 | 2.60 | 2.62 | 2.70 | 2.60 | 2.68 | 2.72 | 2.63 | 2.74 | 2.53 | 2.33 | 2.37 | 2.52 | 2.51 | 2.67 | 2.73 |
Comfort Systems USA Inc maintains a healthy solvency position as evidenced by its consistently low debt-to-assets, debt-to-capital, and debt-to-equity ratios, all of which have remained at 0.00 throughout the period from March 31, 2020, to December 31, 2024. This indicates that the company has a minimal level of debt relative to its assets, capital, and equity, respectively.
Furthermore, the financial leverage ratio, which reflects the extent to which a company relies on debt financing, has fluctuated slightly over the period but generally remained within a reasonable range. The ratio ranged from 2.37 to 2.84 during the period, with a slight increase towards the end of the period. This suggests that Comfort Systems USA Inc has a moderate level of financial leverage, indicating a balanced approach to capital structure management.
Overall, the solvency ratios of Comfort Systems USA Inc indicate a conservative financial management strategy with a strong focus on maintaining a low debt burden relative to its financial metrics, which contributes to the company's financial stability and resilience.
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 | 104.43 | 113.35 | 99.16 | 58.37 | 38.39 | 24.74 | 19.45 | 18.56 | 19.17 | 22.41 | 25.53 | 30.53 | 33.27 | 45.07 | 41.15 | 34.82 | 26.99 | 21.62 | 18.85 | 15.40 |
Comfort Systems USA Inc has shown a consistent improvement in its interest coverage ratio over the past few years. The interest coverage ratio measures the company's ability to meet its interest obligations on its debt. From March 31, 2020, where the ratio was 15.40, the company's interest coverage has steadily increased to 104.43 as of December 31, 2024.
A higher interest coverage ratio indicates that the company is more capable of servicing its interest payments from its operating income. This upward trend in Comfort Systems USA Inc's interest coverage ratio reflects a strengthening financial position and reduced financial risk regarding debt servicing.
However, it is worth noting that the interest coverage ratio experienced some fluctuations during the period, with occasional dips in the ratio. For instance, there was a notable decrease in the ratio from June 30, 2024 (99.16) to September 30, 2024 (113.35), followed by a slight decline to 104.43 by December 31, 2024.
Overall, Comfort Systems USA Inc's interest coverage ratio has shown a positive trend, reflecting a healthy financial position and the company's ability to comfortably meet its interest obligations. It is important for investors and stakeholders to monitor this ratio to assess the company's debt repayment capability and financial stability.