HealthStream Inc (HSTM)
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 | 1.42 | 1.41 | 1.43 | 1.48 | 1.47 | 1.46 | 1.45 | 1.50 | 1.49 | 1.46 | 1.46 | 1.50 | 1.44 | 1.45 | 1.46 | 1.49 | 1.50 | 1.42 | 1.41 | 1.44 |
HealthStream 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 for the entirety of the reported period from March 31, 2020, to December 31, 2024. This indicates that the company has not taken on any debt relative to its assets, capital, or equity during this time period.
Furthermore, the Financial leverage ratio, which indicates the proportion of the company's assets that are financed by debt, has shown a downward trend over the same period. Starting at 1.44 on March 31, 2020, the ratio decreased to 1.42 by September 30, 2020, and continued to fluctuate slightly before reaching 1.42 by December 31, 2024. This trend suggests that the company has been successful in reducing its reliance on debt for financing its operations over the years.
Overall, HealthStream Inc appears to have a solid financial position with very low debt levels and a decreasing reliance on debt financing, indicating a strong solvency position 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 | — | 83.42 | 76.88 | 75.27 | 32.04 | 33.65 | 4.14 | 3.09 | 3.37 | 2.55 | 8.70 | 31.85 | — | — | — | — | — | 720.76 | 365.35 | 204.90 |
HealthStream Inc's interest coverage ratio has shown significant fluctuation over the past few years. The ratio was very healthy, with a value of 204.90 as of March 31, 2020, indicating that the company's operating income was more than sufficient to cover its interest expenses. Subsequently, the interest coverage ratio increased further to 365.35 as of June 30, 2020, and reached its peak at 720.76 by September 30, 2020, suggesting a very strong ability to meet its interest obligations.
However, the interest coverage ratio data for the latter half of 2020 and the entirety of 2021 is unavailable (denoted by "—"). This lack of data may make it difficult to assess the financial health of the company during this period in terms of its ability to cover interest expenses.
As of March 31, 2022, the interest coverage ratio decreased to 31.85, signaling a notable decline compared to previous periods. The trend continued with ratios of 8.70 and 2.55 on June 30, 2022, and September 30, 2022, respectively, indicating a weakening ability to cover interest charges.
It's notable that HealthStream Inc experienced fluctuations in its interest coverage ratio between September 30, 2022, and September 30, 2024, ranging from 2.55 to 83.42. The ratio improved slightly by the end of 2024, with a value of 83.42 on September 30, 2024.
Investors and stakeholders should continue to monitor HealthStream Inc's interest coverage ratio to gauge the company's financial stability and ability to meet its interest obligations in the future.