Henry Schein Inc (HSIC)
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 | 3.01 | 3.03 | 2.92 | 2.82 | 2.89 | 2.69 | 2.57 | 2.47 | 2.50 | 2.36 | 2.32 | 2.35 | 2.48 | 2.44 | 2.42 | 2.32 | 2.32 | 2.48 | 2.45 | 2.53 |
Based on the provided data, Henry Schein Inc has consistently maintained a strong solvency position as indicated by its solvency ratios.
The Debt-to-assets ratio has remained at 0.00 throughout the reported periods. This indicates that the company has not used debt financing to fund its assets, showcasing a conservative capital structure.
Similarly, the Debt-to-capital ratio has also been consistently at 0.00 across all periods, reaffirming the company's reliance on equity rather than debt to finance its operations.
The Debt-to-equity ratio has also remained at 0.00 throughout the reporting periods, highlighting the absence of financial leverage and a healthy balance between debt and equity in the company's capital structure.
The Financial leverage ratio, which measures the extent to which the company is using debt to finance its operations, has shown some fluctuations over the years. It started at 2.53 in March 2020 and generally decreased until December 2022 before increasing in the subsequent periods. The ratio peaked at 3.03 in September 2024, indicating a slight increase in the company's reliance on debt to support its operations during these periods.
Overall, the solvency ratios of Henry Schein Inc reflect a stable and conservative financial position, with a minimal reliance on debt for financing its assets and operations.
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 | 4.95 | 4.30 | 4.94 | 5.86 | 7.16 | 8.33 | 10.66 | 13.35 | 17.09 | 28.00 | 29.43 | 30.10 | 30.61 | 26.64 | 22.53 | 15.13 | 13.17 | 19.07 | 18.79 | 21.66 |
The interest coverage ratio measures a company's ability to meet its interest obligations with its operating income. A higher ratio indicates better financial health and a lower risk of default.
Analyzing the interest coverage of Henry Schein Inc from March 31, 2020, to December 31, 2024, we observe fluctuations in the ratio over time. The interest coverage ratio started at 21.66 on March 31, 2020, indicating a strong ability to cover interest expenses.
The ratio remained relatively stable for the next few quarters, with values ranging between 18.79 and 19.07. However, there was a notable decrease to 13.17 on December 31, 2020, which might suggest potential challenges in meeting interest payments with operating income.
Subsequently, the interest coverage ratio showed an improvement, surpassing the 15 level, with values reaching 30.61 on December 31, 2021, indicating a substantial increase in the company's capability to cover interest expenses multiple times over.
However, from March 31, 2022, to December 31, 2024, the interest coverage ratio experienced a declining trend, falling to 4.95 by the end of December 2024. This decrease might raise concerns about the company's ability to cover its interest obligations adequately in the future.
In conclusion, while the interest coverage ratio of Henry Schein Inc has shown both periods of strength and weakness over the analyzed period, stakeholders should monitor this ratio closely to assess the company's ability to meet its interest payments as it moves forward.