Integer Holdings Corp (ITGR)
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 | 1.90 | 1.95 | 2.01 | 2.04 | 1.94 | 1.94 | 1.98 | 2.03 | 1.97 | 2.02 | 2.02 | 1.91 | 1.91 | 1.76 | 1.79 | 1.83 | 1.87 | 1.99 | 2.14 | 2.06 |
Integer Holdings Corp has consistently maintained a strong solvency position based on its solvency ratios. The debt-to-assets ratio has remained at 0.00 over the past few years, indicating that the company has not relied heavily on debt to finance its assets. Similarly, the debt-to-capital ratio and debt-to-equity ratio have also remained at 0.00, reflecting a low level of debt compared to the company's capital and equity.
The financial leverage ratio, which indicates the extent to which the company is using debt to finance its operations, has fluctuated slightly but has generally remained within a reasonable range. The ratio was at its highest in the first quarter of 2020 at 2.06 and has since decreased, with some fluctuations, to 1.90 by the end of December 2024. This suggests that Integer Holdings Corp has been effectively managing its leverage over the years.
Overall, based on the solvency ratios, Integer Holdings Corp appears to have a solid financial position with a conservative capital structure and prudent debt management practices.
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 | 3.93 | 3.72 | 3.64 | 3.53 | 3.02 | 2.81 | 2.57 | 2.57 | 2.94 | 3.52 | 3.76 | 3.99 | 4.09 | 3.68 | 3.22 | 2.35 | 2.62 | 2.37 | 2.98 | 3.56 |
Integer Holdings Corp's interest coverage ratio has demonstrated some fluctuations over the past few years. Starting at 3.56 as of March 31, 2020, the ratio dropped to 2.37 by September 30, 2020, indicating a decrease in the company's ability to cover its interest expenses.
However, the company managed to improve its interest coverage ratio by December 31, 2021, reaching a value of 4.09, which suggests a healthier financial position in terms of its ability to meet interest obligations.
Subsequently, the ratio decreased slightly in the following quarters but generally remained above 3. This indicates that Integer Holdings Corp has generally maintained a good level of interest coverage over the period, with the ability to comfortably cover its interest expenses from operating income.
Investors and creditors typically view a higher interest coverage ratio as a positive indicator of a company's financial health, as it suggests the company is less at risk of defaulting on its debt obligations. Thus, Integer Holdings Corp's generally stable interest coverage ratio reflects a reasonable level of financial stability and the ability to service its debt obligations.