Godaddy Inc (GDDY)
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 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — | 0.00 | — | — | — | — | — | — | 0.00 |
| Financial leverage ratio | 11.90 | 22.42 | 49.18 | 19.24 | 121.62 | — | — | — | — | — | — | — | 90.78 | — | — | — | — | — | — | 12.82 |
The solvency ratios of Godaddy Inc show a strong financial position with consistently low levels of debt relative to assets, capital, and equity over the period analyzed. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have remained at 0.00 across all reported quarters, indicating that the company's financial obligations are well-managed and do not pose a significant risk to its overall financial health.
The financial leverage ratio, although showing variability, has generally been kept at low levels with a spike in December 2021 and a subsequent decrease in March 2024. This suggests that the company has maintained a balanced mix of debt and equity in its capital structure.
Overall, these solvency ratios demonstrate Godaddy Inc's ability to meet its long-term financial obligations comfortably and indicate a stable and sound financial position.
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 | 5.10 | 4.63 | 4.64 | 4.06 | 3.44 | 3.12 | 3.09 | 3.32 | 3.76 | 3.52 | 3.47 | 3.16 | 3.03 | 3.24 | 3.22 | -3.93 | -4.47 | -4.84 | -4.96 | 3.00 |
The interest coverage ratio of Godaddy Inc has fluctuated over the past few years, with a significant improvement seen from negative values to positive values. As of December 31, 2024, the interest coverage ratio stands at 5.10, indicating that the company's operating income is more than five times its interest expenses. This is a positive sign, as a higher interest coverage ratio reflects the company's ability to meet its interest payments comfortably.
The consistent increase in the interest coverage ratio from negative values to the current level of 5.10 demonstrates improved financial stability and lower financial risk for Godaddy Inc. It suggests that the company has been successful in managing its interest obligations through either increasing operating income, decreasing interest expenses, or a combination of both. Overall, a higher interest coverage ratio is usually preferred by investors and creditors as it signifies a lower probability of default on debt obligations.