ICU Medical Inc (ICUI)
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 | 2.14 | 2.10 | 2.10 | 2.07 | 2.06 | 2.09 | 2.11 | 2.13 | 2.16 | 2.21 | 2.20 | 2.18 | 1.16 | 1.16 | 1.16 | 1.16 | 1.17 | 1.19 | 1.32 | 1.32 |
ICU Medical Inc's solvency ratios indicate strong financial health and low risk of insolvency. The company has consistently maintained a Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio of 0.00 across all quarters from March 2020 to December 2024. This signifies that the company has no significant long-term debt relative to its assets, capital, or equity, indicating a minimal reliance on debt for financing.
The Financial leverage ratio, which reflects the extent of a company's financial leverage, has shown some variability over the years. The ratio was relatively stable around 1.16 in 2021 but increased significantly to around 2.10-2.20 in the following years. This suggests that the company's reliance on debt financing has increased, potentially indicating a shift in the capital structure towards more debt.
Overall, while ICU Medical Inc has historically maintained a very conservative approach to debt, recent increases in the financial leverage ratio may warrant further monitoring to ensure that the company's financial leverage remains at a manageable level.
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 | 0.62 | 0.25 | 0.27 | 0.15 | 0.36 | 0.49 | 0.30 | 0.19 | -0.63 | -0.48 | 0.66 | 3.88 | 144.64 | 193.84 | 111.57 | 64.28 | 59.18 | 56.30 | 77.28 | 167.11 |
Interest coverage ratio measures a company's ability to meet its interest obligations with its operating income. A higher ratio indicates better ability to cover interest expenses.
Analyzing ICU Medical Inc's interest coverage ratio over the past few years, it is evident that the company maintained a healthy interest coverage ratio ranging from 56.30 to 193.84 between September 2020 and September 2021. This indicates a strong ability to cover its interest expenses with its operating income during this period.
However, there was a significant decline in the interest coverage ratio from September 2021 onwards, falling to as low as -0.63 by December 2022 before gradually recovering to 0.62 by December 2024. This decline suggests a potential strain on ICU Medical Inc's ability to cover its interest expenses with its operating income.
Overall, ICU Medical Inc's interest coverage ratio has shown fluctuations in recent years, indicating some variability in its ability to cover interest expenses. It is essential for investors and stakeholders to monitor this ratio closely to assess the company's financial health and ability to meet its debt obligations.