IDEX Corporation (IEX)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| 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 | 1.78 | 1.66 | 1.81 | 1.75 | 1.74 |
IDEX Corporation's solvency ratios indicate a strong financial position with consistently low levels of debt relative to its assets, capital, and equity over the years 2020 to 2024. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio remained at 0.00 for each year, suggesting that the company's debt obligations are minimal in relation to its total assets, capital, and equity.
The Financial leverage ratio, which measures the company's reliance on debt financing, showed some fluctuations but generally stayed within a moderate range, ranging from 1.66 to 1.81 over the five-year period. This indicates that IDEX Corporation's level of financial leverage remained relatively stable, with a slight increase in 2022 but still within acceptable levels.
Overall, the solvency ratios suggest that IDEX Corporation has a strong financial foundation with low debt levels and a prudent approach to managing its capital structure, contributing to its financial stability and ability to meet its obligations effectively.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 15.37 | 14.17 | 19.41 | 15.06 | 11.65 |
Based on the provided data, the interest coverage ratio of IDEX Corporation has shown a positive trend over the last five years. The interest coverage ratio measures the company's ability to cover its interest expenses with its operating income.
In December 2020, the interest coverage ratio was 11.65, indicating that the company generated operating income 11.65 times greater than its interest expenses. This ratio improved to 15.06 in December 2021, demonstrating a stronger ability to meet interest obligations.
Further improvement was observed in December 2022, with the interest coverage ratio reaching 19.41, showcasing a robust financial position. However, there was a slight decline in December 2023, where the ratio dropped to 14.17, albeit still at a healthy level.
In the most recent period, December 2024, the interest coverage ratio increased to 15.37, maintaining a solid coverage of interest expenses. Overall, the trend in IDEX Corporation's interest coverage ratio indicates a strong ability to meet its interest obligations and suggests a healthy financial position.