H B Fuller Company (FUL)

H B Fuller Company's solvency ratios indicate its ability to meet its long-term financial obligations and the extent of its leverage relative to its assets and equity.

The Debt-to-assets ratio decreased from 0.44 in November 28, 2020, to 0.41 in November 30, 2024. This shows that the company's total debt relative to its total assets has slightly increased over the years.

The Debt-to-capital ratio declined from 0.56 in November 28, 2020, to 0.52 in November 30, 2024. This indicates that the proportion of the company's total debt compared to its total capital has improved slightly over the years.

The Debt-to-equity ratio decreased from 1.27 in November 28, 2020, to 1.10 in November 30, 2024. This signifies a reduction in the company's financial leverage and reliance on debt financing as it relates to shareholder equity.

The Financial leverage ratio saw a slight decrease from 2.92 in November 28, 2020, to 2.70 in November 30, 2024. This ratio indicates the extent to which the company's assets are financed through debt, with a lower ratio suggesting a lower level of leverage and financial risk.

Overall, the trend in these solvency ratios suggests that H B Fuller Company has managed to maintain a relatively stable level of leverage while slightly improving its debt-to-capital position over the years.

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Coverage ratios

H B Fuller Company's interest coverage ratio has shown fluctuations over the last five years. In November 2020, the interest coverage ratio was 2.50, indicating that the company generated operating income 2.50 times higher than its interest expenses. There was a notable improvement in the ratio by November 2021, reaching 3.19, demonstrating the company's increased ability to cover interest payments.

By December 2022, the interest coverage ratio further improved to 3.46, reflecting a strengthened financial position and better capacity to meet interest obligations comfortably. However, in December 2023 and November 2024, the interest coverage ratio declined to 2.58, indicating a slight decrease in the company's ability to cover interest expenses.

Overall, H B Fuller Company has generally maintained a reasonable interest coverage ratio over the years, indicating that the company has been able to manage its interest obligations effectively. However, the slight fluctuations in the ratio highlight the importance of continuous monitoring of the company's financial health and performance.