Kulicke and Soffa Industries Inc (KLIC)
Solvency ratios
| 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 | Dec 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 | 1.31 | 1.29 | 1.28 | 1.28 | 1.28 | 1.29 | 1.29 | 1.32 | 1.33 | 1.35 | 1.37 | 1.41 | 1.46 | 1.45 | 1.45 | 1.42 | 1.39 | 1.37 | 1.52 | 1.44 |
Kulicke and Soffa Industries Inc has consistently maintained a very low debt position, as indicated by its debt-to-assets, debt-to-capital, and debt-to-equity ratios all being at 0.00 across all reporting periods. This suggests that the company relies more on equity financing rather than debt to fund its operations and investments.
However, the financial leverage ratio has shown some fluctuation over the periods, starting at 1.44 at the end of 2019 and ranging from 1.28 to 1.46 in subsequent periods. This indicates that the company's financial leverage has increased over time, reaching a peak of 1.46 at the end of 2021 before slightly decreasing to 1.31 at the end of the most recent reporting period in 2024. The increase in the financial leverage ratio suggests that the company has been using more debt to finance its assets, which could potentially increase the risk associated with its capital structure.
Overall, while Kulicke and Soffa Industries Inc has maintained a very low debt position, it is important to monitor the trend in the financial leverage ratio to ensure that the company's increasing leverage does not pose a significant risk to its solvency in the long run.
Coverage ratios
| 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 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -828.64 | -551.91 | -442.95 | 504.26 | 509.46 | 761.18 | 1,713.97 | 1,702.95 | 2,294.21 | 2,289.73 | 2,231.07 | 2,253.58 | 1,893.49 | 1,636.65 | 301.75 | 89.71 | 38.47 | 20.44 | 16.75 | 14.44 |
Kulicke and Soffa Industries Inc's interest coverage ratio has been highly volatile over the past few quarters, ranging from extremely negative values to positive values. The interest coverage ratio measures a company's ability to pay its interest expenses on outstanding debt.
The negative interest coverage ratios in recent quarters indicate that the company's earnings before interest and taxes (EBIT) were insufficient to cover its interest expenses, raising concerns about its ability to service its debt obligations. The drastic fluctuations in the interest coverage ratio point to significant variability in the company's financial performance and its ability to generate consistent earnings.
It is noteworthy that the interest coverage ratio was particularly poor in the recent quarters, with the ratio falling significantly below 1. This suggests that the company's EBIT was inadequate to cover its interest payments, indicating a potential risk of financial distress.
Overall, the inconsistent and negative trend in Kulicke and Soffa Industries Inc's interest coverage ratio raises questions about its financial stability and ability to meet its debt obligations in the near term.