International Seaways Inc (INSW)
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 | 1.42 | 1.38 | 1.42 | 1.42 | 1.47 | 1.55 | 1.64 | 1.65 | 1.76 | 1.85 | 1.92 | 2.03 | 2.07 | 2.01 | 1.64 | 1.60 | 1.63 | 1.58 | 1.64 | 1.69 |
International Seaways Inc's solvency ratios have shown consistent strength over the reporting periods. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have remained at 0.00 throughout, indicating that the company has not been heavily reliant on debt to finance its operations. This suggests a low level of financial risk and a strong ability to cover its debt obligations.
The financial leverage ratio, which measures the extent to which the company is using debt to finance its assets, has shown a declining trend from 1.69 in March 2020 to 1.42 in December 2024. This indicates that the company has been reducing its reliance on debt over time, thereby improving its overall financial stability.
Overall, International Seaways Inc's solvency ratios demonstrate a sound financial position with a conservative capital structure and effective management of leverage, which bodes well for its long-term sustainability and ability to weather economic fluctuations.
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 | 8.61 | 9.59 | 3.48 | 3.66 | 3.75 | 4.17 | 10.47 | 9.82 | 7.58 | 3.49 | -0.03 | -2.28 | -2.83 | -5.84 | -3.28 | -0.37 | 1.23 | 4.49 | 2.97 | 1.16 |
The interest coverage ratio for International Seaways Inc fluctuated significantly over the analyzed period, indicating varying levels of the company's ability to cover its interest expenses.
From March 2020 to December 2021, the interest coverage ratio remained mostly below 5, suggesting a relatively lower ability to meet interest obligations with operating income. This could signal potential financial strain or increased risk due to high interest payments compared to earnings during this period.
However, starting from March 2022, the interest coverage ratio showed a positive trend, surpassing 5 and even reaching double digits by June 2023. This improvement indicates a stronger ability to cover interest expenses with operating income, reflecting better financial health and potentially reduced risk for the company.
Overall, the variation in the interest coverage ratio for International Seaways Inc points to periods of both financial vulnerability and strengthening financial position. It is crucial for the company to maintain a healthy interest coverage ratio to ensure sufficient earnings to meet interest payments and demonstrate financial stability to investors and creditors.