Inter Parfums Inc (IPAR)

Solvency ratios

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Debt-to-assets ratio	0.09	0.09	0.10	0.11	0.12	0.10	0.11	0.11	0.12	0.11	0.12	0.01	0.01	0.02	0.03	0.01	0.01	0.01	0.01	0.02
Debt-to-capital ratio	0.15	0.16	0.17	0.18	0.20	0.16	0.17	0.18	0.19	0.18	0.19	0.02	0.02	0.04	0.04	0.02	0.02	0.02	0.02	0.03
Debt-to-equity ratio	0.18	0.19	0.21	0.22	0.25	0.19	0.21	0.21	0.23	0.22	0.24	0.02	0.02	0.04	0.04	0.02	0.02	0.02	0.02	0.04
Financial leverage ratio	1.96	2.02	2.02	2.10	2.12	1.93	1.93	1.99	2.00	1.92	1.97	2.12	1.66	1.63	1.62	1.69	1.77	1.75	1.78	1.82

Inter Parfums, Inc.'s solvency ratios indicate the company's ability to meet its long-term financial obligations and the extent to which it relies on debt to finance its operations.

The debt-to-assets ratio has shown a consistent downward trend over the past eight quarters, decreasing from 0.14 in Q1 2022 to 0.12 in Q4 2023. This indicates that the company is becoming more efficient in managing its assets to finance its debt.

Similarly, the debt-to-capital ratio and debt-to-equity ratio have also declined over the same period, showing a decrease in the proportion of debt in relation to the company's capital and equity. This suggests that Inter Parfums, Inc. is becoming less reliant on debt financing and is improving its overall financial stability.

The financial leverage ratio, which measures the company's total assets in relation to its equity, has also decreased steadily from 2.12 in Q4 2022 to 1.96 in Q4 2023. This indicates that the company is becoming less leveraged, which is a positive sign for its solvency and financial health.

Overall, the downward trends in these solvency ratios suggest that Inter Parfums, Inc. is effectively managing its debt levels and improving its financial position, which bodes well for its long-term sustainability and ability to meet its obligations.

Coverage ratios

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Interest coverage	20.06	28.12	32.46	38.39	46.61	67.73	45.99	42.30	46.45	41.93	56.78	62.78	30.24	20.20	20.56	31.35	42.64	39.75	36.56	31.18

Inter Parfums, Inc. has shown a strong interest coverage ratio for Q4 2023, with a value of 479.74. This indicates that the company's operating income is significantly higher than its interest expenses, reflecting a robust ability to meet its interest obligations. However, it is noted that data for the previous quarters in 2023 is not available for comparison. Looking back to 2022, the interest coverage ratio for Q1 was 90.62, showing a slight decrease from Q4 2022 which was 88.21. Overall, based on the available data, Inter Parfums, Inc. appears to have a solid interest coverage position.