Juniper Networks Inc (JNPR)

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	0.17	0.17	0.17	0.17	0.17	0.18	0.18	0.19	0.19	0.19	0.19	0.19	0.18	0.20	0.20	0.20	0.19	0.19	0.17	0.20
Debt-to-capital ratio	0.26	0.27	0.27	0.27	0.26	0.27	0.28	0.28	0.28	0.28	0.28	0.28	0.27	0.27	0.28	0.28	0.27	0.27	0.25	0.27
Debt-to-equity ratio	0.36	0.37	0.37	0.36	0.36	0.37	0.38	0.39	0.39	0.39	0.39	0.38	0.38	0.38	0.39	0.39	0.37	0.36	0.32	0.37
Financial leverage ratio	2.12	2.17	2.15	2.10	2.08	2.07	2.09	2.07	2.06	1.99	2.01	1.97	2.06	1.91	1.96	1.96	1.92	1.89	1.94	1.88

Juniper Networks Inc's solvency ratios indicate a stable financial position over the past eight quarters. The debt-to-assets ratio has remained consistently low at 0.17, suggesting that only a small portion of the company's assets is financed by debt. Similarly, the debt-to-capital and debt-to-equity ratios have also shown steady levels around 0.27 and 0.37, respectively. This implies that Juniper Networks relies more on equity financing rather than debt to support its operations and investments.

The financial leverage ratio, which measures the proportion of assets financed by debt compared to equity, has hovered around 2.10-2.17 over the same period. This highlights that the company maintains a relatively balanced capital structure with a moderate level of leverage.

Overall, based on these solvency ratios, Juniper Networks Inc appears to have a healthy financial position with a conservative approach to debt utilization and a strong equity base supporting its operations.

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	5.24	6.57	7.78	10.05	10.07	10.18	10.20	8.93	7.10	4.30	3.94	3.82	4.44	6.07	5.96	5.71	5.67	5.57	5.75	6.28

Interest coverage is a financial ratio that indicates a company's ability to pay interest expenses on its outstanding debt. It is calculated by dividing the company's earnings before interest and taxes (EBIT) by its interest expenses.

Looking at the data provided for Juniper Networks Inc, we can see that the interest coverage ratio has been consistently increasing over the past eight quarters. In Q4 2022, the interest coverage ratio was 13.71, and it has steadily improved to 19.00 in Q4 2023. This trend suggests that the company's earnings are sufficient to cover its interest expenses with a healthy margin.

A higher interest coverage ratio indicates that the company is more capable of meeting its interest obligations using its earnings before taking into account interest and taxes. It also reflects a lower financial risk for creditors, as the company is more likely to be able to make its interest payments.

Overall, the improving trend in Juniper Networks Inc's interest coverage ratio indicates a strong financial position and efficient management of debt obligations, providing a favorable outlook for the company's financial health.