ITT Inc (ITT)

The solvency ratios provide insights into ITT Inc's ability to meet its long-term financial obligations. Looking at the trend over the past five years:

1. The debt-to-assets ratio has been relatively stable at low levels, indicating that ITT Inc relies less on debt to finance its operations and has a strong asset base supporting its operations.

2. The debt-to-capital ratio has also shown a decreasing trend over the years, suggesting that the proportion of debt in ITT Inc's capital structure has been decreasing, which is a positive sign for creditors as it lowers the company's financial risk.

3. The debt-to-equity ratio has exhibited a downward trend as well, indicating that ITT Inc has been relying more on equity financing rather than debt. This implies a lower financial risk and a stronger financial position for the company.

4. The financial leverage ratio has shown some fluctuations but overall has decreased over the years. A decreasing trend in this ratio indicates that ITT Inc's reliance on debt to finance its assets has been declining, which is a positive signal for investors and creditors.

In summary, based on the solvency ratios, ITT Inc appears to have a strong financial position with a well-managed debt level and a healthy capital structure, which bodes well for its ability to meet its long-term financial obligations.

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Coverage ratios

The interest coverage ratio for ITT Inc has been consistently strong and improving over the past five years. The ratio stood at 50.78 in 2023 and increased to 71.45 in 2022, indicating the company's ability to cover its interest expenses by a significant margin. The absence of reported data for 2021, 2020, and 2019 suggests that interest coverage may have been either extremely high or extremely low in those years, making it difficult to assess the trend accurately. Overall, the recent years' data reflects a healthy financial position for ITT Inc in terms of managing its interest obligations.