Fortive Corp (FTV)

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 0.20 0.20 0.20 0.22 0.22 0.13 0.13 0.13 0.14 0.16 0.17 0.17 0.11 0.10 0.10 0.10 0.18 0.27 0.28 0.34
Debt-to-capital ratio 0.25 0.25 0.24 0.27 0.26 0.16 0.17 0.18 0.19 0.21 0.22 0.22 0.16 0.13 0.14 0.14 0.24 0.38 0.39 0.45
Debt-to-equity ratio 0.33 0.33 0.32 0.38 0.35 0.20 0.20 0.21 0.23 0.27 0.28 0.29 0.19 0.15 0.16 0.16 0.32 0.61 0.63 0.80
Financial leverage ratio 1.67 1.65 1.65 1.67 1.64 1.55 1.58 1.60 1.64 1.69 1.70 1.70 1.73 1.61 1.57 1.58 1.79 2.24 2.26 2.34

Fortive Corp's solvency ratios exhibit a favorable trend over the period analyzed. The Debt-to-assets ratio decreased steadily from 0.34 on March 31, 2020, to 0.20 on December 31, 2024, indicating a decreasing reliance on debt to finance its assets.

Similarly, the Debt-to-capital ratio followed a downward trajectory, declining from 0.45 in March 31, 2020, to 0.25 by December 31, 2024. This indicates that the company's proportion of debt to its total capital has decreased over time, reflecting a stronger financial position.

The Debt-to-equity ratio also saw a significant decline, falling from 0.80 in March 31, 2020, to 0.33 by December 31, 2024. This suggests that Fortive Corp has been reducing its debt relative to its equity, which is a positive indicator of financial health and stability.

Additionally, the Financial leverage ratio exhibited a decreasing trend from 2.34 in March 31, 2020, to 1.67 by December 31, 2024. This ratio indicates the company's ability to meet its financial obligations through its assets and earnings. The decreasing trend suggests a more conservative approach to leveraging, which can enhance the company's long-term sustainability.

Overall, the solvency ratios of Fortive Corp show consistent improvement, reflecting a strengthening financial position and increasing stability over the analyzed period.

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 7.74 8.00 8.38 8.65 9.18 8.76 8.69 9.10 10.04 9.83 9.42 8.78 7.88 6.93 5.77 4.52 3.63 3.60 3.08 2.87

Fortive Corp's interest coverage ratio has shown a generally positive trend over the specified period, starting at 2.87 on March 31, 2020, and reaching its peak at 10.04 on December 31, 2022. This indicates that the company's ability to cover its interest expenses with its operating income improved significantly during this time frame. The ratio remained above 5 for most of the period, reflecting a strong capacity to meet interest obligations. However, there was a slight decline in the ratio towards the end of the period, falling to 7.74 on December 31, 2024. Overall, the interest coverage ratio for Fortive Corp demonstrates a healthy financial position and ability to meet its interest payments comfortably.