Littelfuse Inc (LFUS)

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	0.21	0.21	0.22	0.22	0.22	0.26	0.25	0.19	0.19	0.20	0.21	0.22	0.25	0.27	0.30	0.29	0.26	0.26	0.26	0.26
Debt-to-capital ratio	0.26	0.26	0.27	0.27	0.28	0.32	0.30	0.23	0.24	0.25	0.26	0.27	0.30	0.32	0.35	0.34	0.31	0.31	0.31	0.31
Debt-to-equity ratio	0.35	0.36	0.37	0.38	0.39	0.47	0.43	0.30	0.32	0.34	0.36	0.38	0.43	0.47	0.53	0.52	0.45	0.45	0.45	0.45
Financial leverage ratio	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	1.71	1.73	1.74	1.74

Littelfuse Inc has maintained a relatively stable solvency position over the periods analyzed, as indicated by the consistent trend in its solvency ratios. The debt-to-assets ratio has ranged between 0.19 to 0.30, pointing to a conservative approach to debt financing with a strong asset base supporting its debt obligations.

Similarly, the debt-to-capital ratio has fluctuated within a narrow range of 0.23 to 0.35, reflecting the company's ability to finance its operations through a balanced mix of debt and capital. The debt-to-equity ratio has also remained relatively steady between 0.30 to 0.53, demonstrating a conservative capital structure with a significant reliance on equity financing.

The financial leverage ratio, which measures the extent of debt usage in the company's capital structure, has shown a consistent trend between 1.60 to 1.81. This indicates that Littelfuse Inc has maintained a stable level of financial leverage, balancing its debt and equity components effectively to support its operations and growth initiatives.

Overall, the solvency ratios suggest that Littelfuse Inc has a conservative and sustainable financial structure, with a prudent approach to managing its debt levels and maintaining a healthy balance between debt and equity in its capital structure.

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	9.24	10.58	11.57	14.24	17.90	20.72	26.00	24.65	20.82	19.12	15.83	9.55	7.70	5.98	5.04	8.04	8.66	9.46	10.65	10.87

The interest coverage ratio for Littelfuse Inc has shown a generally positive trend over the past few years, indicating the company's ability to meet its interest obligations with earnings before interest and taxes (EBIT). The ratio has consistently improved from 5.04 in March 2020 to 14.24 in March 2023, reflecting a strengthening financial position over this period.

The company's interest coverage ratio peaked at 26.00 in June 2022, highlighting a significant ability to cover interest expenses comfortably with operating earnings. This indicates a healthy financial position and ability to manage debt obligations efficiently.

Despite some fluctuations, the interest coverage ratio has generally remained above 5.00 in the past few years, suggesting that Littelfuse Inc has a solid ability to cover its interest payments. However, it is worth noting that the ratio dropped to 5.98 in September 2020, indicating a temporary decrease in the company's ability to cover interest expenses during that period.

Overall, the trend in Littelfuse Inc's interest coverage ratio demonstrates a positive financial performance and ability to manage its interest payment obligations effectively.