Chart Industries Inc (GTLS)
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 | 3.23 | 3.20 | 3.37 | 3.38 | 3.27 | 3.27 | 3.35 | 3.43 | 2.20 | 1.90 | 1.97 | 1.90 | 1.87 | 1.88 | 1.80 | 1.70 | 1.63 | 1.90 | 1.97 | 2.00 |
Chart Industries Inc has consistently maintained a strong solvency position, as evidenced by its low debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio over the analyzed period. The company's debt levels in relation to its assets, capital, and equity have remained at 0.00, indicating that it has minimal debt relative to its financial resources.
Additionally, the financial leverage ratio of Chart Industries Inc has demonstrated stability, initially decreasing from 2.00 to 1.63 by the end of 2020, before fluctuating slightly and then increasing to 3.23 by December 31, 2024. Although the financial leverage ratio saw an upward trend in the later periods, it is still within a manageable range, suggesting that the company has been able to handle its debt obligations effectively.
Overall, based on the solvency ratios analyzed, Chart Industries Inc appears to have a solid financial foundation with low debt levels and a manageable financial leverage ratio, which bodes well for its long-term stability and ability to meet its financial commitments.
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 | 1.99 | 1.81 | 1.53 | 1.34 | 1.24 | 1.19 | 1.55 | 2.40 | 4.54 | 6.27 | 5.91 | 6.09 | 8.25 | 7.94 | 7.01 | 6.72 | 4.74 | 4.53 | 3.84 | 3.82 |
Chart Industries Inc has shown varying levels of interest coverage over the period from March 31, 2020, to December 31, 2024. The interest coverage ratio, which indicates the company's ability to meet its interest obligations from its earnings, has generally been above 1, which is considered a minimum acceptable level. The trend shows an overall increase in the interest coverage ratio from 3.82 on March 31, 2020, to a peak of 8.25 on December 31, 2021.
However, there has been a decline in the interest coverage ratio since then, dropping to 1.99 by December 31, 2024. This decline may indicate increased financial leverage or a reduction in operating income relative to interest expenses. The company should closely monitor this trend to ensure that it does not face difficulties in meeting its interest obligations in the future. An interest coverage ratio below 1 would raise concerns about the company's ability to service its debt, potentially indicating financial distress.