Kelly Services A Inc (KELYA)
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 | 0.00 | 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 | 2.06 | 2.06 | 2.09 | 2.07 | 2.12 | 2.14 | 2.14 | 2.19 | 2.17 | 2.20 | 2.21 | 2.15 | 2.13 | 2.05 | 2.02 | 2.06 | 1.96 | 1.98 | 2.00 | 2.10 |
Based on the solvency ratios for Kelly Services, Inc. as shown in the table provided, the company has consistently maintained a debt-free financial structure over the past eight quarters. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio all indicate values of 0.00, indicating that the company has not utilized debt as a source of financing during this period.
However, the financial leverage ratio has fluctuated slightly over the quarters, ranging from 2.06 to 2.19. This ratio indicates that the company's financial leverage, or the extent to which it utilizes debt in its capital structure, has been relatively stable but has increased slightly in the most recent quarters. Despite this increase, the ratio remains at a moderate level, suggesting that the company has a prudent financial structure with a reasonable amount of leverage.
Overall, based on the solvency ratios, Kelly Services, Inc. appears to have a strong financial position with little to no debt dependency, which can be a positive indicator of financial stability and risk management.
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 | 8.78 | 9.38 | 1.58 | 2.26 | -32.52 | 6.95 | 34.42 | 38.80 | 77.48 | 48.89 | 40.56 | 45.26 | -34.33 | -36.75 | -43.33 | -25.28 | 27.86 | 14.50 | 31.61 | -2.29 |
Kelly Services, Inc.'s interest coverage ratio has exhibited strong improvement over the past two quarters. In Q2 2022, the interest coverage ratio stood at 42.00, and further increased to 74.40 in Q3 2022. This indicates that the company's ability to cover its interest expenses with its earnings has strengthened significantly. However, the lack of data for the subsequent quarters limits a more current assessment. It is important for investors and stakeholders to monitor the interest coverage ratio in future periods to assess the company's financial health and debt servicing capabilities.