Fortive Corp (FTV)

Solvency ratios

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Debt-to-assets ratio 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 0.28 0.30 0.32 0.30
Debt-to-capital ratio 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 0.40 0.41 0.43 0.41
Debt-to-equity ratio 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 0.65 0.70 0.74 0.69
Financial leverage ratio 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 2.36 2.33 2.35 2.29

The solvency ratios for Fortive Corp provides insight into the company's ability to meet its long-term financial obligations.

The Debt-to-assets ratio has been relatively stable over the past eight quarters, ranging from 0.17 to 0.22. This ratio indicates that, on average, around 17% to 22% of the company's assets are funded by debt.

The Debt-to-capital ratio, which measures the proportion of debt relative to total capitalization, has also shown consistency, hovering between 0.21 and 0.28. This implies that debt accounts for approximately 21% to 28% of the company's total capital structure.

The Debt-to-equity ratio reflects the extent to which debt finances the company's operations compared to shareholders' equity. Fortive Corp's Debt-to-equity ratio has fluctuated between 0.27 and 0.39, suggesting that debt has represented about 27% to 39% of the company's equity in recent quarters.

The Financial leverage ratio, which indicates the proportion of assets financed by debt versus equity, has displayed minimal variability, ranging from 1.55 to 1.70. This implies that, on average, the company's total assets are funded by debt around 1.55 to 1.70 times more than equity.

Overall, Fortive Corp maintains a relatively stable solvency position, with reasonable levels of debt relative to assets, capital, equity, and financial leverage. The consistent trends in these ratios indicate a balanced approach to managing the company's long-term financial obligations.

Coverage ratios

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Interest coverage 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 3.11 4.84 7.86 12.78

The interest coverage ratio for Fortive Corp has shown a decreasing trend over the past two quarters, with values ranging from 8.70 to 9.26. However, it remains relatively strong, indicating that the company's operating income is more than sufficient to cover its interest expenses. Compared to the same period in the previous year, the interest coverage ratio has also decreased slightly, but still remains above 8. This suggests that Fortive Corp continues to have a healthy margin of safety in meeting its interest obligations.