WW Grainger Inc (GWW)
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 | 1.00 | 2.60 | 2.55 | 2.63 | 2.37 | 2.41 | 2.49 | 2.57 | 2.77 | 3.12 | 3.20 | 3.36 | 3.05 | 3.50 | 3.46 | 3.49 | 3.01 | 2.77 | 3.34 | 3.97 |
WW Grainger Inc has consistently maintained a strong solvency position based on its solvency ratios. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all remained at 0.00 throughout the reported periods, indicating that the company has no debt relative to its total assets, capital, and equity.
The financial leverage ratio, which measures the proportion of a company's debt to its equity, has shown a decreasing trend over the past few years. The ratio decreased from 3.97 on March 31, 2020, to 1.00 on December 31, 2024. This declining trend reflects a reduced reliance on debt financing compared to equity, indicating improved financial stability and lower financial risk for WW Grainger Inc.
Overall, the solvency ratios suggest that WW Grainger Inc has a strong financial position with minimal debt obligations relative to its assets, capital, and equity. The decreasing financial leverage ratio further highlights the company's ability to maintain a healthy balance between debt and equity financing, contributing to its long-term sustainability and creditworthiness.
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 | 26.26 | 31.16 | 29.88 | 28.70 | 27.88 | 27.72 | 26.21 | 25.38 | 24.09 | 22.98 | 21.87 | 19.64 | 18.07 | 16.62 | 15.75 | 13.34 | 11.18 | 10.43 | 10.19 | 13.05 |
WW Grainger Inc's interest coverage ratio has shown a consistent upward trend from March 31, 2020, to December 31, 2024. The ratio increased from 13.05 in March 2020 to 26.26 in December 2024. This indicates that the company's ability to cover its interest expenses with its operating profits has improved over the years. A higher interest coverage ratio suggests that the company is in a better position to meet its interest obligations. The sustained increase in the interest coverage ratio reflects positively on the company's financial health and indicates a reduced risk of financial distress due to interest payments. Overall, WW Grainger Inc's interest coverage ratio demonstrates a strong and improving financial position over the analyzed period.