Fluor Corporation (FLR)
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 | 2.32 | 3.15 | 3.18 | 3.43 | 3.59 | 3.80 | 3.76 | 3.86 | 3.82 | 4.16 | 4.31 | 4.42 | 5.23 | 4.54 | 5.18 | 7.14 | 7.10 | 6.68 | 5.35 | 6.68 |
Fluor Corporation's solvency ratios indicate a strong financial position with consistently low debt levels relative to its assets, capital, and equity over the reported periods. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratios have all been steady at 0.00, reflecting that the company has no significant debt obligations compared to its total assets, capital, and equity.
The Financial leverage ratio, which measures the proportion of debt in the company's capital structure, shows a declining trend from 6.68 on March 31, 2020, to 2.32 on December 31, 2024. This decreasing trend indicates that Fluor Corporation has been reducing its debt levels in relation to its equity, leading to a more stable and less leveraged financial position over the years.
Overall, the solvency ratios suggest that Fluor Corporation has been effectively managing its debt levels, maintaining a conservative financial structure, and ensuring a strong solvency position throughout the analyzed periods.
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 | 11.00 | 5.73 | 7.37 | 7.84 | 9.07 | 9.85 | 6.39 | 5.22 | 3.83 | 2.88 | 3.94 | 2.93 | 2.44 | 1.63 | 1.78 | 2.59 | 3.29 | 4.81 | 4.55 | -5.67 |
Fluor Corporation's interest coverage ratio has fluctuated over the periods indicated. The interest coverage ratio provides insight into the company's ability to cover its interest expenses with operating income. A ratio below 1 indicates that the company is not generating enough operating income to cover its interest payments, which can be a cause for concern.
Initially, in March 2020, the interest coverage ratio was negative at -5.67, indicating that the company's operating income was insufficient to cover its interest expenses. However, by June 2020, the ratio improved to 4.55, showing a positive trend.
Subsequently, the interest coverage ratio remained relatively stable above 3 for the next few quarters, indicating that Fluor Corporation was able to comfortably cover its interest obligations with its operating income.
In the later periods, there were fluctuations in the interest coverage ratio, with some quarters showing ratios below 3. This could suggest potential challenges in meeting interest payments from operating income during those specific periods.
Overall, while there were fluctuations in Fluor Corporation's interest coverage ratio over the reported periods, the company generally maintained a level of coverage that allowed it to meet its interest obligations with its operating income. Investors and analysts may want to monitor future trends in the interest coverage ratio to assess the company's financial health and ability to service its debt.