Intuitive Surgical Inc (ISRG)
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 | 1.14 | 1.16 | 1.17 | 1.14 | 1.15 |
Intuitive Surgical Inc's solvency ratios indicate a strong financial position with consistently low levels of debt relative to assets, capital, and equity. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all been reported as 0.00 for the years 2020 to 2024, suggesting that the company operates with minimal financial leverage and has a low dependency on debt financing.
The financial leverage ratio, which reflects the company's use of debt in relation to equity, has shown some fluctuations over the years but remains relatively stable. With values ranging between 1.14 and 1.17, the financial leverage ratio indicates that Intuitive Surgical carries a moderate level of debt compared to its equity.
Overall, the solvency ratios of Intuitive Surgical Inc demonstrate a conservative approach to financial management, with a focus on maintaining a healthy balance between debt and equity to support long-term financial stability and growth.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | — | — | 53.10 | 5.12 | 2.46 |
The Interest Coverage Ratio measures a company's ability to meet its interest payments on outstanding debt. Looking at the historical trend for Intuitive Surgical Inc, we can observe an improvement in its interest coverage from 2.46 in December 31, 2020, to 5.12 in December 31, 2021, indicating the company's ability to cover its interest expenses increased over this period.
The significant spike in the interest coverage ratio to 53.10 in December 31, 2022, reflects a substantial enhancement in the company's financial position, indicating a strong ability to service its interest obligations comfortably with its operating income.
However, the data shows that there is no specific information available for the interest coverage ratio for December 31, 2023, and December 31, 2024. This missing data for these periods prohibits a comprehensive assessment of the company's ability to cover its interest expenses during these years.
Overall, an increasing trend in the interest coverage ratio is generally positive, as it indicates a company's improving ability to manage its debt obligations. Intuitive Surgical Inc's notable improvement in its interest coverage ratio over the analyzed period suggests a strengthening financial position and ability to meet its interest payment obligations satisfactorily.