Integer Holdings Corp (ITGR)
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 | 1.90 | 1.94 | 1.97 | 1.91 | 1.87 |
Integer Holdings Corp demonstrates a consistently strong solvency position as indicated by its solvency ratios.
- Debt-to-assets ratio: The ratio has been consistently at 0.00 across the years from 2020 to 2024. This implies that the company's total debt is non-existent or negligible in relation to its total assets, showcasing a low financial risk associated with debt.
- Debt-to-capital ratio: Similarly, the debt-to-capital ratio has been stable at 0.00 over the same period. This indicates that the company's total debt is minimal when compared to its total capital, which consists of both debt and equity. A lower ratio signifies a lower reliance on debt for funding the company's operations.
- Debt-to-equity ratio: The debt-to-equity ratio has also remained at 0.00 from 2020 to 2024. This suggests that the company has not taken on any significant debt relative to its equity, demonstrating a conservative financial structure with a low level of financial risk.
- Financial leverage ratio: The financial leverage ratio has shown a slight fluctuation but has remained close to 1.90-1.97 range over the years. This implies that the company has a moderate level of financial leverage, with a balanced mix of debt and equity in its capital structure.
Overall, based on these solvency ratios, Integer Holdings Corp appears to have a robust financial position with low debt levels and a stable capital structure, indicating a strong ability to meet its financial obligations and weather economic uncertainties.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 3.62 | 2.95 | 2.94 | 3.97 | 3.15 |
The interest coverage ratio for Integer Holdings Corp has shown some fluctuations over the years based on the data provided. As of December 31, 2020, the interest coverage ratio was 3.15, indicating that the company's operating income was able to cover its interest expenses approximately 3.15 times.
Subsequently, by December 31, 2021, the interest coverage ratio improved to 3.97, suggesting a stronger ability to meet interest obligations compared to the previous year. However, this positive trend seemed to reverse by December 31, 2022, when the ratio decreased to 2.94, indicating a slight weakening in the company's capacity to cover interest expenses.
As of December 31, 2023, the interest coverage ratio remained relatively stable at 2.95, showing a consistent performance in managing interest payments. The ratio then improved to 3.62 by December 31, 2024, signaling an enhanced ability to cover interest charges compared to the previous period.
Overall, while there have been fluctuations in Integer Holdings Corp's interest coverage ratio over the years, the company has generally maintained a reasonable ability to meet its interest obligations, albeit with some variability in performance.