Liquidity Services Inc (LQDT)
Solvency ratios
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.79 | 1.86 | 1.89 | 1.76 | 1.61 |
The solvency ratios of Liquidity Services Inc indicate the company's ability to meet its long-term financial obligations and manage its debt. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have consistently been at 0.00 over the past five years, suggesting that the company has not relied heavily on debt to finance its operations and has maintained a strong balance sheet structure.
However, the financial leverage ratio has shown a slight increasing trend, rising from 1.61 in 2019 to 1.79 in 2023. This indicates that the company's reliance on debt to finance its assets has increased over the years, which may raise concerns about its financial risk and ability to service its debt obligations.
Overall, while the company has maintained low debt levels in relation to its assets and capital, the increasing trend in the financial leverage ratio warrants continued monitoring of its debt management and long-term solvency.
Coverage ratios
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | 2,373.18 | 2,257.38 | 1,234.91 | -169.43 | -15.68 |
I'm sorry, but it seems that the data for interest coverage for Liquidity Services Inc is not available in the provided table. Without this information, I'm unable to provide a detailed and comprehensive analysis of the interest coverage for the company. If you are able to provide the interest expense and the earnings before interest and taxes (EBIT) for the respective years, I would be happy to analyze the interest coverage ratio for Liquidity Services Inc.