Innospec Inc (IOSP)
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 | 1.43 | 1.49 | 1.54 | 1.52 | 1.48 |
Innospec Inc has consistently maintained a strong solvency position as indicated by its debt-related ratios. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not relied heavily on debt financing to support its assets, capital, or equity.
Additionally, the financial leverage ratio has shown a declining trend from 1.48 in 2020 to 1.43 in 2024. A decreasing trend in the financial leverage ratio is typically positive and suggests that the company is relying less on debt to finance its operations and investments.
Overall, based on the solvency ratios provided, it can be inferred that Innospec Inc has a conservative debt structure and has effectively managed its leverage, maintaining a sound financial position over the years.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | 42.12 |
The interest coverage ratio for Innospec Inc as of December 31, 2020, was reported at 42.12. This indicates that the company's operating income is sufficient to cover its interest expenses 42.12 times over. A high interest coverage ratio is generally considered positive as it suggests that the company is capable of meeting its interest obligations easily.
However, the fact that the interest coverage ratio for subsequent years (2021, 2022, 2023, and 2024) are not provided in the data indicates that the company may not have reported this information or it could be missing. It is important to monitor the interest coverage ratio over multiple periods to assess the company's ability to service its debt obligations consistently.
Overall, based on the available data, it can be inferred that as of December 31, 2020, Innospec Inc had a strong interest coverage ratio, which indicates that the company was comfortably able to pay off its interest expenses.