Hayward Holdings Inc (HAYW)
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 | — | — | — |
| 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 |
| 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 |
| Financial leverage ratio | 2.10 | 2.10 | 2.11 | 2.22 | 2.25 | 2.25 | 2.27 | 2.38 | 2.35 | 2.37 | 2.44 | 2.18 | 2.17 | 2.19 | 2.21 | 2.25 | 12.46 | — | — | 0.00 |
Hayward Holdings Inc has maintained a strong solvency position over the past few years based on the following solvency ratios:
1. Debt-to-assets ratio: The company's debt-to-assets ratio has consistently been at 0.00 since December 31, 2020, indicating that the company has no debt relative to its total assets. This suggests a low financial risk and that the company primarily funds its operations through equity rather than debt.
2. Debt-to-capital ratio: Hayward Holdings Inc's debt-to-capital ratio has also remained stable at 0.00 since December 31, 2020. This ratio indicates the proportion of the company's capital that is financed by debt. A ratio of 0.00 suggests that the company relies entirely on equity to finance its operations, further reflecting a strong solvency position.
3. Debt-to-equity ratio: Similar to the other solvency ratios, the debt-to-equity ratio has been at 0.00 since December 31, 2020. This ratio measures the proportion of funds provided by creditors relative to those provided by shareholders. A ratio of 0.00 indicates that the company has no debt in its capital structure, which is a positive sign for investors and creditors regarding the company's financial health and stability.
4. Financial leverage ratio: Hayward Holdings Inc's financial leverage ratio has shown a decreasing trend from 12.46 on December 31, 2020, to 2.10 on December 31, 2024. This indicates that the company has been gradually reducing its reliance on debt to finance its operations and has been strengthening its equity base over the years. A decreasing financial leverage ratio signifies lower financial risk and greater stability for the company.
Overall, based on the analysis of these solvency ratios, Hayward Holdings Inc appears to be in a strong financial position with minimal debt obligations and a solid equity base, indicating a healthy level of solvency and financial stability.
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 | 3.33 | 2.72 | 2.61 | 2.54 | 2.49 | 2.39 | 2.63 | 3.67 | 5.91 | 8.36 | 9.60 | 8.40 | 6.25 | 4.26 | 3.49 | 2.78 | 1.83 | 1.50 | 1.19 | 0.95 |
Hayward Holdings Inc's interest coverage ratio has shown a fluctuating trend over the past few years based on the provided data. The interest coverage ratio measures the company's ability to meet its interest obligations with its operating income.
Initially, in March 2020, the interest coverage ratio was quite low at 0.95, indicating a lower ability to cover interest expenses. However, over time, this ratio gradually improved, reaching a peak of 9.60 in June 2022, suggesting a significant improvement in the company's ability to cover its interest costs.
Subsequently, the interest coverage ratio experienced some volatility, with fluctuations in the range of 2.39 to 8.40 until December 2024. These fluctuations may indicate changes in the company's operating income relative to its interest expenses during this period.
Overall, Hayward Holdings Inc's interest coverage ratio has shown both improvement and volatility over the years, reflecting fluctuations in the company's financial performance and ability to meet its interest obligations. Investors and stakeholders should continue to monitor this ratio to assess the company's financial health and debt servicing capacity.