Intuitive Surgical Inc (ISRG)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| 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 | 1.16 | 1.17 | 1.14 | 1.15 | 1.18 |
The solvency ratios of Intuitive Surgical Inc over the past five years indicate a consistently low level of debt relative to its assets, capital, and equity. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all been consistently at 0.00, indicating that the company has not relied on debt financing to fund its operations or investments.
However, the financial leverage ratio has shown some fluctuations over the years, ranging from 1.14 to 1.18. This ratio measures the extent to which the company is using debt to finance its operations compared to equity. Despite the slight variations, the financial leverage ratio remains relatively low, indicating that Intuitive Surgical has a conservative capital structure and is not heavily dependent on debt for its funding needs.
Overall, based on the analysis of solvency ratios, Intuitive Surgical Inc appears to have a strong financial position with low debt levels and a conservative approach to capital structure management.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | — | 53.10 | 5.12 | 2.46 | 4.19 |
Based on the data provided, the interest coverage ratio for Intuitive Surgical Inc is not available for the years ending December 31, 2019 to December 31, 2023. This ratio is typically calculated by dividing the company's earnings before interest and taxes (EBIT) by its interest expenses. The absence of this ratio may indicate that either the company's financial statements do not provide specific figures for EBIT and interest expenses, or that the company may not have had significant interest expenses relative to its earnings during these periods. Further insight into the company's financial health and ability to meet its interest obligations may be gained by evaluating other financial metrics and analyzing trends in the company's profitability and debt levels.