Littelfuse Inc (LFUS)
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 | 0.00 | 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 | 1.61 | 1.58 | 1.59 | 1.60 | 1.61 | 1.66 | 1.69 | 1.72 | 1.77 | 1.81 | 1.73 | 1.60 | 1.66 | 1.67 | 1.68 | 1.68 | 1.71 | 1.74 | 1.79 | 1.77 |
Littelfuse Inc's solvency ratios indicate a strong financial position with consistently low levels of debt in relation to its assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been recorded at 0.00 across various reporting periods, suggesting that the company is operating with minimal debt obligations.
Furthermore, the Financial leverage ratio has shown a decreasing trend over the years, starting at 1.77 on March 31, 2020, and decreasing to 1.61 by December 31, 2024. This decreasing trend indicates that the company has been reducing its reliance on debt financing in favor of equity, which is a positive sign for long-term solvency and financial stability.
Overall, Littelfuse Inc's solvency ratios reflect a conservative and prudent approach to managing its financial structure, indicating a low risk of financial distress and a strong ability to meet its debt obligations.
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 | 4.86 | 7.58 | 7.43 | 8.05 | 9.33 | 10.38 | 11.40 | 14.08 | 17.90 | 19.40 | 24.29 | 23.17 | 19.41 | 20.48 | 17.67 | 11.46 | 9.32 | 7.01 | 5.68 | 8.66 |
The interest coverage ratio measures a company's ability to pay its interest obligations on outstanding debt. A higher interest coverage ratio indicates that the company is more capable of meeting its interest payments.
Looking at the data provided, Littelfuse Inc's interest coverage has fluctuated over the period from March 31, 2020, to December 31, 2024. The interest coverage ratio started at 8.66 on March 31, 2020, increased to peak at 24.29 on June 30, 2022, and then decreased to 4.86 by December 31, 2024.
Overall, it can be observed that Littelfuse Inc's interest coverage ratio has shown variations but generally remained healthy and above 1, indicating that the company has consistently generated enough earnings to cover its interest expenses. However, the declining trend towards the end of the period may warrant further scrutiny to ensure the company's ability to continue meeting its interest obligations in the future.