John Bean Technologies Corporation (JBT)

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 0.24 0.24 0.37 0.37 0.37 0.38 0.30 0.30 0.31 0.32 0.32 0.26 0.29 0.33 0.36 0.39 0.36 0.40 0.40 0.29
Debt-to-capital ratio 0.30 0.32 0.51 0.52 0.52 0.55 0.46 0.46 0.47 0.48 0.48 0.41 0.45 0.49 0.52 0.56 0.55 0.59 0.61 0.48
Debt-to-equity ratio 0.43 0.47 1.03 1.07 1.08 1.21 0.85 0.85 0.90 0.92 0.93 0.70 0.82 0.98 1.09 1.29 1.23 1.47 1.54 0.94
Financial leverage ratio 1.82 1.96 2.81 2.90 2.92 3.17 2.81 2.82 2.85 2.88 2.88 2.67 2.83 2.96 3.05 3.30 3.36 3.66 3.82 3.19

The solvency ratios of John Bean Technologies Corp indicate the firm's ability to meet its long-term debt obligations.

The Debt-to-assets ratio remained relatively stable at around 0.24 in the most recent quarters, indicating that only a small portion of the company's assets are financed through debt.

The Debt-to-capital ratio and Debt-to-equity ratio show a declining trend over the quarters analyzed. The Debt-to-capital ratio decreased from 0.53 in Q4 2022 to 0.30 in Q4 2023, while the Debt-to-equity ratio decreased from 1.13 to 0.43 over the same period. These reductions suggest that the company has been gradually decreasing its reliance on debt to finance its operations and investments, which may enhance its solvency position.

The Financial leverage ratio shows a similar declining trend, indicating that the company is using less debt financing compared to its equity. The ratio decreased from 3.00 in Q4 2022 to 1.82 in Q4 2023, signaling a positive shift towards a more conservative capital structure.

Overall, the decreasing trend in the company's debt ratios and financial leverage ratio suggests an improvement in John Bean Technologies Corp's solvency position, as it shows a lower dependency on debt for financing its operations and investments.

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 15.28 9.34 8.23 9.61 12.39 12.44 15.12 17.57 18.40 18.79 16.01 14.04 11.73 10.98 10.33 9.95 10.01 10.99 12.08 12.44

The interest coverage ratio measures a company's ability to meet its interest obligations with its operating income. A higher ratio indicates a stronger ability to cover interest expenses.

Based on the data provided for John Bean Technologies Corp, the interest coverage ratio has fluctuated over the past 8 quarters. In Q4 2023, the interest coverage ratio was 16.13, indicating that the company's operating income was 16.13 times higher than its interest expenses for that quarter. This is an improvement from the previous quarter where the ratio was 8.62.

The trend over the past two years shows some variability in the interest coverage ratio, with Q2 and Q3 2022 having the highest ratios of 16.78 and 14.95, respectively. However, the ratios have generally been above 7. This suggests that John Bean Technologies Corp has maintained a solid ability to cover its interest expenses with its operating income.

Overall, the interest coverage ratios for John Bean Technologies Corp indicate that the company has been effectively managing its interest obligations, although there have been fluctuations in performance over the quarters analyzed. It is important for the company to continue monitoring and maintaining a healthy interest coverage ratio to ensure financial stability and meet its debt obligations.