Federal Signal Corporation (FSS)
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 | 1.49 | 1.51 | 1.54 | 1.58 | 1.62 | 1.73 | 1.80 | 1.80 | 1.77 | 1.77 | 1.78 | 1.81 | 1.74 | 1.72 | 1.73 | 1.76 | 1.72 | 1.80 | 1.85 | 1.93 |
Federal Signal Corporation has consistently maintained a strong solvency position, as evidenced by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios. These ratios have consistently been recorded at 0.00, indicating that the company has essentially no debt in relation to its assets, capital, and equity.
Additionally, the financial leverage ratio, which measures the proportion of a company's assets that is financed by debt versus equity, has been gradually declining over the years. This indicates that the company is relying less on debt to finance its operations and is becoming more equity-funded.
Overall, the solvency ratios of Federal Signal Corporation suggest a solid financial position with minimal financial risk and a healthy balance between debt and equity financing.
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 | 22.31 | 18.78 | 15.63 | 12.53 | 10.90 | 10.63 | 10.76 | 12.56 | 15.62 | 19.86 | 24.67 | 27.66 | 28.67 | 30.42 | 29.70 | 24.62 | 23.63 | 21.63 | 19.56 | 20.92 |
Federal Signal Corporation's interest coverage ratio has shown a consistent and strong trend from March 31, 2020, when it was 20.92, to December 31, 2021, where it reached 28.67. This indicates the company's ability to comfortably cover its interest expenses with its operating income.
However, there has been a decline in the interest coverage ratio starting from March 31, 2022, at 27.66, and reaching its lowest point on December 31, 2023, at 10.90. This decline suggests a potential strain on the company's ability to cover its interest expenses using its operating income during this period.
From March 31, 2024, there has been a slight improvement in the interest coverage ratio, reaching 22.31 on December 31, 2024. Overall, while the company's interest coverage ratio has fluctuated over time, it remains relatively healthy, but management should continue monitoring it closely to ensure the company can meet its interest obligations comfortably.