Intuitive Surgical Inc (ISRG)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.14 | 1.14 | 1.13 | 1.13 | 1.16 | 1.17 | 1.17 | 1.16 | 1.17 | 1.15 | 1.14 | 1.13 | 1.14 | 1.13 | 1.13 | 1.14 | 1.15 | 1.15 | 1.16 | 1.16 |
The solvency ratios of Intuitive Surgical Inc indicate strong financial health and stability. The Debt-to-assets ratio consistently stands at 0.00 across all reporting periods, showcasing that the company has no debt in relation to its total assets. This implies a low risk of financial distress due to debt obligations.
Similarly, the Debt-to-capital ratio and Debt-to-equity ratio also remain at 0.00 throughout the period, highlighting that the company has minimal debt in relation to both its capital and equity. This indicates a conservative capital structure and a low reliance on debt to finance its operations.
The Financial leverage ratio, which measures the proportion of a company's assets that are financed by debt, shows a slight fluctuation but generally remains stable around 1.15 to 1.17. This suggests that Intuitive Surgical maintains a balanced mix of debt and equity in its capital structure, which is important for long-term financial sustainability.
Overall, the solvency ratios suggest that Intuitive Surgical Inc is in a strong position to meet its financial obligations and has a solid financial foundation to support its growth and operations.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | 71.92 | 68.04 | 64.41 | 30.78 | 33.18 | 29.60 | 24.28 | 38.37 | 78.81 | 99.34 | 232.35 | 867.14 | — | — | — | — | — | — | — |
The interest coverage ratio is a key financial metric that indicates a company's ability to meet its interest payment obligations comfortably. Intuitive Surgical Inc's interest coverage ratio has shown fluctuations over the financial periods provided:
- For the majority of the periods up to December 31, 2021, the interest coverage ratio was not available, indicated by "—" sign. This could be due to the company not having enough earnings to cover the interest expenses during those periods.
- From March 31, 2022, to December 31, 2024, the interest coverage ratio starts to become available and shows a decreasing trend. This could signal a decline in the company's ability to cover its interest expenses with its operating income.
- The interest coverage ratio improved temporarily in the first quarter of 2024 but then decreased in the following quarter.
- Despite the fluctuations, the interest coverage ratio has generally stayed above 1, indicating that Intuitive Surgical Inc has been able to cover its interest expenses with its operating income during the periods for which data is available.
- Investors and creditors typically prefer to see a higher interest coverage ratio, preferably above 2, to ensure the company can comfortably meet its interest obligations even in adverse conditions.
Overall, while the trend shows some variability, it is essential for Intuitive Surgical Inc to monitor and manage its interest coverage ratio to ensure its long-term financial stability.