IAC Inc. (IAC)
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 | 1.71 | 1.71 | 1.70 | 1.69 | 1.71 | 1.75 | 1.72 | 1.72 | 1.75 | 1.77 | 1.79 | 1.72 | 1.76 | 1.31 | 1.29 | 1.46 | 1.39 | 1.37 | 1.37 | 1.43 |
IAC Inc. has shown consistently strong solvency ratios over the period under review. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all been reported as 0.00% throughout the entire period, indicating that the company has not utilized debt financing during this time.
The financial leverage ratio, which reflects the proportion of the company's assets financed by debt, shows a range of values from 1.29 to 1.79 during the period. This ratio has generally remained relatively stable, with some fluctuations but still indicating a prudent level of leverage.
Overall, based on the solvency ratios provided, IAC Inc. has maintained a conservative financial structure with minimal reliance on debt to support its operations, which can be viewed positively by investors and creditors.
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 | -1.99 | -2.71 | -3.68 | -3.34 | -0.50 | 0.38 | 2.92 | -4.63 | -13.33 | -16.09 | -20.16 | 0.44 | 20.26 | 49.05 | 56.72 | 48.11 | 14.50 | 2.20 | 1.11 | 1.82 |
The interest coverage ratio of IAC Inc. provides insights into the company's ability to meet its interest obligations.
From the data provided, the interest coverage ratio fluctuates significantly throughout the period. It starts at a relatively low 1.82 for March 31, 2020, meaning the company's operating income was only 1.82 times its interest expenses.
The ratio deteriorates further by June 30, 2020, dropping to 1.11, indicating a tighter ability to cover interest payments. However, there is a significant improvement by December 31, 2020, with an interest coverage ratio of 14.50, signaling a healthier financial position and stronger ability to cover interest expenses.
Subsequently, the interest coverage ratio surpasses 50 for the periods ending March 31, 2021, June 30, 2021, and September 30, 2021, indicating a robust ability to cover interest payments multiple times over.
However, the ratio experiences a sharp decline starting from March 31, 2022, turning negative by June 30, 2022, which implies that the operating income is not sufficient to cover the interest expenses. This negative trend persists throughout the following periods until December 31, 2024, suggesting financial distress and potential liquidity issues.
Therefore, based on the interest coverage data, it is evident that IAC Inc. faces significant fluctuations in its ability to cover interest expenses, with periods of strength followed by periods of weakness and potential financial strain.