Haverty Furniture Companies Inc (HVT)
Solvency ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2.12 | 2.14 | 2.15 | 2.19 | 2.24 | 2.44 | 2.60 | 2.66 | 2.68 | 2.62 | 2.63 | 2.62 | 2.69 | 2.62 | 2.46 | 2.28 | 2.15 | 2.15 | 2.10 | 2.04 |
Haverty Furniture Cos., Inc. has consistently maintained a very low level of debt relative to its assets, capital, and equity, as indicated by the debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio all being at 0.00 across all quarters in the given data. This suggests that the company relies more on equity financing rather than debt financing to support its operations and investments.
However, the financial leverage ratio has shown some variability over the quarters, starting at 2.66 in Q1 2022 and gradually decreasing to 2.12 in Q4 2023. The decreasing trend in the financial leverage ratio indicates that the company has been utilizing a lower amount of debt relative to its equity to finance its assets and operations over time. This decreasing trend in leverage may indicate a strengthening of the company's solvency position and reduced financial risk.
Overall, Haverty Furniture Cos., Inc. appears to have a strong solvency position based on its low debt levels and improving financial leverage ratio over the quarters analyzed.
Coverage ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | 239.61 | 170.09 | 497.89 | 157.73 | 337.93 | 706.54 | 949.92 | 1,023.33 | 952.86 | 960.31 | 651.63 | 412.26 | 250.07 | 171.85 | 114.12 | 103.98 | 110.65 | 116.01 | 106.26 |
As there is no data provided for the interest coverage ratio for Haverty Furniture Cos., Inc. across the specified quarters of 2023 and 2022, it is not possible to conduct a detailed analysis of the company's ability to cover its interest expenses. The interest coverage ratio is a crucial indicator of a company's financial health, reflecting its capacity to handle interest payments on its outstanding debt. Without this information, it is challenging to assess the company's leverage and risk associated with its debt obligations. Investors and stakeholders may need to wait for the release of this data to gain insights into Haverty Furniture Cos., Inc.'s interest coverage performance.