Hims Hers Health Inc (HIMS)
Solvency ratios
| 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 | — | — | — | — | — |
| 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 | — | — | — | — | — |
| Financial leverage ratio | 1.37 | 1.33 | 1.30 | 1.28 | 1.26 | 1.22 | 1.20 | 1.18 | 1.23 | 1.19 | 1.17 | 1.26 | 1.18 | 1.19 | 1.18 | — | — | — | — | — |
The solvency ratios for Hims Hers Health Inc indicate a consistent trend of stable financial leverage over the periods displayed. The financial leverage ratio has ranged from 1.17 to 1.37, with a general pattern of staying around the 1.20 to 1.30 range. This suggests that the company has been effectively utilizing debt to finance its operations while maintaining a moderate level of leverage.
However, the absence of data for debt-related ratios such as the debt-to-assets, debt-to-capital, and debt-to-equity ratios limits a more comprehensive assessment of the company's overall solvency position. It would be beneficial to have insight into these ratios to better evaluate the extent of the company's reliance on debt in relation to its assets, capital structure, and equity.
Coverage ratios
| 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 | 27.12 | 7.57 | -5.24 | -9.31 | -9.75 | -9.06 | -9.87 | -11.43 | -25.81 | -47.38 | -63.56 | — | — | — | — | -1,797.70 | -302.70 | -177.35 | -155.79 |
The interest coverage ratio for Hims Hers Health Inc has shown significant fluctuations over the recent quarters. The ratio was very robust at 27.12 for the quarter ending September 30, 2024, indicating that the company's operating income is more than sufficient to cover its interest expenses. However, there were periods of concern in the past, such as negative ratios in the quarters ending March 31, 2024, and December 31, 2023, as well as extremely low ratios in some prior periods.
These negative or very low interest coverage ratios suggest that during those quarters, the company's operating income was insufficient to cover its interest obligations, raising concerns about its financial stability and ability to meet debt obligations. It is crucial for the company to closely monitor and manage its interest expenses relative to its operating earnings to ensure a healthy interest coverage ratio and sustainable financial performance in the long term.