Ingersoll Rand Inc (IR)
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 | 0.00 | 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 | 1.59 | 1.59 | 1.60 | 1.61 | 1.61 | 1.63 | 1.62 | 1.68 | 1.68 | 1.72 | 1.74 | 1.77 | 1.76 | 1.78 | 1.80 | 1.77 | 2.48 | 2.54 | 2.57 | 2.63 |
The solvency ratios of Ingersoll-Rand Inc over the past eight quarters indicate that the company has maintained a relatively healthy financial position.
The Debt-to-assets ratio, which measures the proportion of a company's assets financed by debt, has been relatively stable around the range of 0.17 to 0.19 over the quarters, indicating that the company has a low dependency on debt to finance its assets.
The Debt-to-capital ratio, which indicates the proportion of a company's capital that is financed by debt, has also remained consistent around the range of 0.22 to 0.24. This suggests that Ingersoll-Rand Inc has a moderate level of debt in its capital structure.
The Debt-to-equity ratio, which shows the extent to which a company is financed by debt relative to equity, has shown a downward trend from 0.38 in Q1 2022 to 0.28 in Q4 2023. This indicates that the company has reduced its reliance on debt financing in favor of equity financing over the quarters.
The Financial leverage ratio, which reflects the proportion of a company's assets that are financed by debt, has remained relatively stable around the range of 1.59 to 1.68. This suggests that Ingersoll-Rand Inc has been able to maintain a balanced financial structure with a reasonable level of leverage.
Overall, the solvency ratios of Ingersoll-Rand Inc demonstrate a prudent approach to managing debt levels and maintaining a stable financial position over the quarters analyzed.
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 | 7.50 | 7.38 | 7.30 | 7.72 | 8.31 | 9.36 | 9.21 | 10.05 | 7.17 | 5.68 | 4.51 | 1.02 | 0.80 | -0.41 | -0.41 | 1.10 | 2.95 | 4.01 | 4.45 | 4.57 |
Ingersoll-Rand Inc's interest coverage has consistently remained above 7 in all quarters of 2022 and 2023, indicating that the company's operating income is more than sufficient to cover its interest expenses. The trend shows a slight fluctuation between 7.52 and 8.55, with the lowest coverage ratio in Q2 2023 and the highest in Q4 2022. This variability may suggest some periodic fluctuations in the company's profitability or interest expenses during the analyzed period. Overall, Ingersoll-Rand Inc demonstrates a healthy ability to meet its interest obligations, providing a cushion against potential financial risks associated with debt servicing.