Hayward Holdings Inc (HAYW)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.10 | 2.25 | 2.35 | 2.17 | 12.46 |
Hayward Holdings Inc has consistently maintained a strong solvency position over the years, as indicated by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios, all of which were reported as 0.00. This suggests that the company is not relying heavily on debt to finance its operations and investments, which could be seen as a positive sign for its financial stability.
Additionally, the financial leverage ratio, which measures the extent to which the company is using debt to finance its assets, decreased significantly from 12.46 in 2020 to 2.10 in 2024. This decline indicates that Hayward Holdings Inc has been reducing its reliance on debt financing over the years, which could potentially lead to lower financial risk and greater financial flexibility.
Overall, the solvency ratios of Hayward Holdings Inc demonstrate a healthy financial position and effective management of its debt levels, which may contribute to the company's long-term financial sustainability.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 3.32 | 2.37 | 5.82 | 6.55 | 1.79 |
Hayward Holdings Inc's interest coverage ratio has shown significant fluctuations over the past five years. In December 31, 2020, the interest coverage was at a relatively low level of 1.79, indicating that the company's ability to cover its interest expenses with operating income was weak. However, there has been a notable improvement in the subsequent years, with the interest coverage ratio increasing to 6.55 in December 31, 2021, 5.82 in December 31, 2022, and 3.32 in December 31, 2024.
Despite the improvements, there was a slight decline in the interest coverage ratio to 2.37 in December 31, 2023, which may raise some concerns about the company's ability to adequately cover its interest obligations. Overall, the trend in interest coverage ratios suggests that Hayward Holdings Inc has made efforts to enhance its financial health and manage its debt servicing capabilities, albeit with some fluctuations.