ITT Inc (ITT)
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 | 0.05 | 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 | 0.08 | 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 | 0.01 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.08 | 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 | 0.01 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.71 | 1.80 | 1.71 | 1.71 | 1.56 | 1.58 | 1.66 | 1.64 | 1.68 | 1.79 | 1.84 | 1.79 | 1.60 | 1.61 | 1.62 | 1.98 | 2.01 | 2.07 | 2.02 | 2.13 |
ITT Inc has shown a consistently low debt-to-assets ratio, indicating a low level of financial risk as of December 31, 2024, when it increased slightly to 0.05. The debt-to-capital ratio has also been low over the years, with a slight increase to 0.08 as of December 31, 2024, implying a relatively stable financial structure. The debt-to-equity ratio has followed a similar trend to the other solvency ratios, remaining low at 0.08 as of December 31, 2024. The financial leverage ratio has fluctuated but generally decreased over the years, suggesting a decreasing reliance on debt financing. Overall, the solvency ratios reflect ITT Inc's strong financial position and prudent debt management.
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 | 18.51 | 22.02 | 24.71 | 27.38 | 31.63 | 35.02 | 38.24 | 49.28 | 76.72 | 126.53 | 256.19 | 106.30 | 88.47 | 101.93 | 63.31 | 47.31 | 55.24 | 26.25 | 74.41 | 138.74 |
The interest coverage ratio for ITT Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The interest coverage ratio indicates the company's ability to cover its interest expenses with its operating income.
Initially, in March 31, 2020, the interest coverage ratio was high at 138.74, suggesting a strong ability to meet interest obligations using operating profits. However, there was a significant decrease by June 30, 2020, to 74.41, indicating a decrease in the company's ability to cover interest expenses.
The ratio saw further decline in September 30, 2020, dropping to 26.25, which may raise concerns about the company's ability to comfortably cover its interest payments. Subsequently, there was an improvement by December 31, 2020, with the ratio increasing to 55.24, reflecting a better ability to handle interest costs.
Over the following periods until December 31, 2024, the interest coverage ratio fluctuated between 18.51 and 256.19. The ratio peaked at 256.19 on June 30, 2022, suggesting a very strong ability to cover interest expenses, which may indicate improved financial health.
However, the ratio declined again in the subsequent periods, reaching 18.51 by December 31, 2024, indicating a potential strain on the company's ability to cover interest payments with operating income.
Overall, fluctuations in the interest coverage ratio for ITT Inc over the period suggest varying levels of financial risk and performance. It is essential for stakeholders to monitor these changes to assess the company's financial health and ability to meet its debt obligations.