IDEX Corporation (IEX)
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 | 1.78 | 1.82 | 1.62 | 1.63 | 1.66 | 1.67 | 1.74 | 1.75 | 1.81 | 1.75 | 1.76 | 1.72 | 1.75 | 1.78 | 1.79 | 1.71 | 1.74 | 1.76 | 1.80 | 1.77 |
Based on the solvency ratios of IDEX Corporation, the debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have consistently remained at 0.00 over the past several years. This indicates that the company has not been relying heavily on debt to finance its operations and investments, which is a positive sign of financial stability and solvency.
The financial leverage ratio has shown some fluctuations over the same period, ranging from 1.62 to 1.82. This ratio measures the extent to which the company is using debt to finance its assets and operations. A lower financial leverage ratio suggests a lower level of financial risk and reliance on debt financing, while a higher ratio may indicate higher financial leverage and potential risk.
Overall, the solvency ratios of IDEX Corporation suggest that the company has a strong financial position with minimal debt levels and a conservative approach to financing, which is typically viewed favorably 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 | 15.51 | 16.95 | 18.19 | 16.31 | 15.71 | 16.01 | 16.60 | 17.90 | 19.41 | 20.18 | 18.20 | 16.33 | 15.03 | 14.26 | 13.25 | 12.06 | 11.37 | 11.07 | 11.04 | 12.53 |
The interest coverage ratio of IDEX Corporation has shown a positive trend over the past few years. It indicates the company's ability to cover its interest expenses with its operating income.
From March 31, 2020, to December 31, 2024, the interest coverage ratio has steadily increased from 12.53 to 15.51. This improvement suggests that the company's operating income is growing at a faster rate than its interest expenses, demonstrating a stronger financial position.
The ratio consistently stayed above 10 during this period, which is typically considered a good sign as it indicates that the company is generating enough operating income to comfortably cover its interest payments.
The peak in the interest coverage ratio was seen on September 30, 2022, at 20.18, indicating a robust ability to meet interest obligations. However, there was a slight decline in the ratio towards December 31, 2024, which could be an area for further monitoring.
Overall, the trend in IDEX Corporation's interest coverage ratio reflects a positive financial health and ability to manage its debt obligations effectively.