Acushnet Holdings Corp (GOLF)
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 | 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 | 0.00 | 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 |
| Financial leverage ratio | 2.85 | 2.64 | 2.63 | 2.67 | 2.54 | 2.38 | 2.29 | 2.49 | 2.34 | 2.08 | 1.96 | 1.95 | 1.92 | 1.82 | 1.84 | 1.87 | 1.90 | 1.91 | 2.11 | 2.13 |
Acushnet Holdings Corp's solvency ratios indicate the company has consistently maintained a strong financial position over the analyzed periods. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all remained at 0.00, suggesting that the company has no significant debt obligations relative to its assets and capital structure. This implies that the company's assets are primarily financed through equity rather than debt.
The Financial leverage ratio, which provides insight into the company's debt levels in relation to its equity, shows a stable trend initially, hovering around 2. However, there is a slight increase over time, reaching 2.85 by December 31, 2024. While this uptick indicates a modest increase in financial leverage, the ratio is still relatively low and does not raise immediate concerns about the company's ability to meet its debt obligations.
Overall, based on the solvency ratios analyzed, Acushnet Holdings Corp appears to be in a robust financial position with minimal debt exposure and a solid equity base supporting its operations.
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 | 7.54 | 5.50 | 5.87 | 6.26 | 6.82 | 7.97 | 9.24 | 11.66 | 16.28 | 28.05 | 39.14 | 45.02 | 33.32 | 30.95 | 26.99 | 16.01 | 9.94 | 5.25 | 3.82 | 5.16 |
The interest coverage ratio is a financial metric that indicates a company's ability to cover its interest expenses with its operating profits. A higher interest coverage ratio suggests that the company is more capable of meeting its interest payment obligations.
Analyzing the interest coverage ratio of Acushnet Holdings Corp over the given periods, we observe fluctuations in the ratio.
- From March 31, 2020, to June 30, 2021, the interest coverage ratio improved steadily from 5.16 to 26.99, indicating a stronger ability to cover interest payments.
- The company's interest coverage ratio peaked at 45.02 on March 31, 2022, suggesting robust operational performance in relation to interest expense.
- However, from September 30, 2022, to December 31, 2024, the interest coverage ratio declined gradually, reaching 7.54 by the end of December 31, 2024.
The fluctuations in Acushnet Holdings Corp's interest coverage ratio may be attributed to changes in its operating profits, interest expenses, or a combination of both factors. It is essential for investors and analysts to monitor this ratio closely to assess the company's financial health and ability to meet its debt obligations.