Floor & Decor Holdings Inc (FND)
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 | 2.33 | 2.34 | 2.35 | 2.35 | 2.41 | 2.46 | 2.47 | 2.51 | 2.63 | 2.68 | 2.81 | 2.78 | 2.82 | 2.87 | 2.85 | 2.74 | 2.89 | 2.91 | 2.97 | 3.25 |
Floor & Decor Holdings Inc has exhibited strong solvency ratios over the past years, with consistently low debt-to-assets, debt-to-capital, and debt-to-equity ratios of 0.00. This indicates that the company has minimal debt relative to its assets, capital, and equity, demonstrating a conservative capital structure.
The financial leverage ratio, which measures the extent to which the company relies on debt financing, has shown a declining trend over the years. Starting at 3.25 in March 2020, the ratio decreased steadily to 2.33 by December 31, 2024. This signifies that the company has been reducing its reliance on debt to finance its operations, potentially decreasing financial risk and improving overall financial stability.
Overall, Floor & Decor Holdings Inc's solvency ratios reflect a strong financial position and prudent financial management practices, with a low level of debt and decreasing financial leverage over the years.
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 | 93.55 | 13.89 | 14.68 | 13.37 | 12.13 | 25.91 | 24.08 | 26.84 | 35.62 | 51.99 | 67.93 | 71.74 | 68.84 | 57.08 | 49.04 | 32.97 | 25.45 | 24.01 | 18.05 | 21.61 |
Floor & Decor Holdings Inc has demonstrated a generally strong interest coverage ratio over the past few years, indicating the company's ability to meet its interest payment obligations comfortably.
The interest coverage ratio, which measures the company's ability to cover its interest expenses with its operating income, has shown an increasing trend from March 2020 to June 2022. This upward trend suggests that the company's earnings have been more than sufficient to cover its interest payments during this period.
The interest coverage ratio peaked at 71.74 as of March 31, 2022, indicating a very strong ability to service its debt obligations. However, from June 2022 onwards, the interest coverage ratio started to decline. It dropped to 13.37 by March 31, 2024, signaling a potential decrease in the company's ability to cover its interest expenses with its operating income.
The significant fluctuations in the interest coverage ratio over the period could be indicative of changes in the company's financial performance, profitability, or debt levels. It is essential for investors and creditors to closely monitor this ratio to assess the company's financial health and its ability to manage its debt obligations effectively.