Haverty Furniture Companies Inc (HVT)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| 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 | 2.12 | 2.24 | 2.68 | 2.69 | 2.15 |
The solvency ratios of Haverty Furniture Companies Inc indicate a strong financial position with consistently low debt levels relative to assets, capital, and equity over the past five years. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been consistently at 0.00, suggesting that the company operates with a minimal amount of debt in relation to its assets and capital structure. This implies that the company has a low risk of financial distress related to its debt obligations.
The Financial leverage ratio, which measures the proportion of a company's assets that are financed by debt, has shown some variation but has generally remained within a reasonable range. The ratio increased from 2.15 in 2019 to 2.69 in 2020 but then decreased to 2.12 by the end of 2023. This indicates that the company's reliance on debt financing relative to its equity has been relatively stable, with a slight increase in leverage in 2020 followed by a decline in subsequent years.
Overall, based on the solvency ratios, Haverty Furniture Companies Inc appears to have a healthy balance sheet structure with a low level of debt, which bodes well for its ability to weather economic downturns and continue operating efficiently in the long term.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | — | 72.83 | 777.96 | — | 21.58 |
The interest coverage ratio for Haverty Furniture Companies Inc has varied significantly over the years. In 2022, the interest coverage was notably high at 72.83, indicating the company generated 72.83 times more income than needed to cover its interest expenses for that year. The substantial increase to 777.96 in 2021 further highlights the company's strong ability to meet its interest obligations with its earnings.
However, there are gaps in the data as the interest coverage ratios are not available for 2023 and 2020. These gaps make it challenging to assess the company's current financial health and its historical trend accurately.
In 2019, the interest coverage ratio was 21.58, indicating that the company generated 21.58 times more income than its interest expenses for that year. Overall, the company has shown significant fluctuations in its interest coverage ratios over the years, reaching exceptionally high levels in 2021 and 2022. Further analysis of the company's financial performance and industry trends would be necessary to understand the reasons behind these fluctuations and assess the company's ability to meet its debt obligations in the future.