Globus Medical (GMED)
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 | 0.08 | 0.08 | 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 | 0.09 | 0.09 | 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 | 0.10 | 0.10 | 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 | 1.27 | 1.28 | 1.11 | 1.12 | 1.12 | 1.12 | 1.13 | 1.12 | 1.12 | 1.11 | 1.12 | 1.11 | 1.11 | 1.09 | 1.10 | 1.09 | 1.09 | 1.08 | 1.08 | 1.08 |
Globus Medical Inc has shown a consistent and favorable trend in its solvency ratios, indicating a strong financial position in terms of debt management. The company's debt-to-assets, debt-to-capital, and debt-to-equity ratios have all consistently remained at low levels or zero in recent quarters, suggesting that the company maintains a low level of debt relative to its assets, capital, and equity. This signifies a conservative approach to leveraging, minimizing the risk of financial distress.
Moreover, the financial leverage ratio, which measures the company's reliance on debt financing, has also been relatively stable over the quarters, indicating that the company has been able to maintain a healthy balance between debt and equity in its capital structure. A financial leverage ratio slightly above 1 indicates that the company has some debt in its capital structure, but it is still within a reasonable range.
Overall, based on the solvency ratios provided, Globus Medical Inc appears to have a robust financial position with minimal debt exposure, which bodes well for its long-term financial stability and ability to fulfill its 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 | 8.96 | 8.80 | 9.85 | 13.08 | 16.02 | 17.70 | 20.50 | 17.95 | 18.50 | 8.28 | 7.85 | 4.97 | 3.81 | 6.66 | 5.67 | 9.30 | 9.88 | 10.39 | 10.49 | 11.44 |
I'm sorry, but without the data for interest expenses and earnings before interest and taxes (EBIT) for each quarter, it is not possible to calculate the interest coverage ratio for Globus Medical Inc. Interest coverage ratio is calculated by dividing EBIT by interest expenses, and it provides insight into a company's ability to meet its interest obligations. In order to analyze the interest coverage for Globus Medical Inc, we would need the specific financial figures related to interest expenses and EBIT for the given quarters.