Gartner Inc (IT)

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	0.31	0.34	0.33	0.33	0.34	0.38	0.37	0.35	0.33	0.35	0.34	0.28	0.27	0.29	0.28	0.30	0.29	0.30	0.31	0.31
Debt-to-capital ratio	0.78	0.81	0.81	0.84	0.92	1.03	1.06	0.95	0.87	0.88	0.82	0.69	0.64	0.65	0.66	0.70	0.69	0.69	0.68	0.71
Debt-to-equity ratio	3.60	4.32	4.18	5.19	10.77	—	—	20.79	6.62	7.35	4.66	2.19	1.80	1.89	1.95	2.29	2.18	2.23	2.14	2.44
Financial leverage ratio	11.51	12.78	12.54	15.60	32.04	—	—	59.12	19.99	20.91	13.62	7.78	6.71	6.59	6.87	7.64	7.62	7.33	6.98	7.84

The solvency ratios of Gartner, Inc. indicate the company's ability to meet its long-term financial obligations.

1. Debt-to-assets ratio: This ratio measures the proportion of a company's assets that are financed by debt. Gartner's debt-to-assets ratio has been relatively stable, ranging from 0.31 to 0.38 over the past eight quarters. A lower ratio suggests a lower reliance on debt to finance assets, which can be viewed positively by creditors and investors.

2. Debt-to-capital ratio: This ratio reflects the proportion of a company's capital that is funded by debt. Gartner's debt-to-capital ratio has fluctuated between 0.78 and 1.06 over the same period. A decreasing trend may indicate improving financial health, as it suggests a lower reliance on debt financing compared to total capital.

3. Debt-to-equity ratio: This ratio measures the degree of financial leverage in a company's capital structure. Gartner's debt-to-equity ratio has displayed significant variation, ranging from 3.61 to 20.84. High values of this ratio suggest a higher level of financial risk, as a greater proportion of the company's capital is funded by debt rather than equity.

4. Financial leverage ratio: This ratio indicates the extent to which a company uses debt to finance its operations. Gartner's financial leverage ratio has shown substantial fluctuations, from 11.51 to 59.12. High values suggest a significant reliance on debt financing, which can amplify returns but also increase financial risk.

In summary, Gartner's solvency ratios reflect varying levels of debt utilization and financial leverage over the quarters. Investors and creditors may interpret these ratios differently based on their risk tolerance and expectations regarding the company's financial stability and growth prospects.

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	9.64	11.81	11.10	10.77	9.14	8.21	7.88	8.84	9.18	9.35	7.79	4.85	3.82	3.41	3.91	4.37	3.68	3.74	3.52	3.10

The interest coverage ratio measures a company's ability to cover its interest expenses with its operating income. A higher interest coverage ratio indicates that the company is more capable of meeting its interest obligations.

Based on the provided data, Gartner, Inc.'s interest coverage ratio has been consistently strong over the past eight quarters, ranging from 7.51 to 11.79. This indicates a consistent ability to cover its interest expenses with its operating income.

The steady increase in interest coverage from Q1 2022 to Q4 2023 reflects an improving financial position for Gartner, Inc. The company's operations have been generating sufficient income to comfortably cover its interest obligations, which is a positive sign for investors and creditors.

Overall, Gartner, Inc.'s interest coverage ratio shows financial stability and the ability to manage its debt obligations effectively. It suggests that the company is financially sound and has a reliable income stream to meet its interest expenses consistently.