Liquidity Services Inc (LQDT)
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 | 1.90 | 1.89 | 1.85 | 1.68 | 1.79 | 1.82 | 1.87 | 1.74 | 1.86 | 1.95 | 2.08 | 2.09 | 1.89 | 2.05 | 2.03 | 1.78 | 1.76 | 1.80 | 1.68 | 1.59 |
The solvency ratios of Liquidity Services Inc indicate its ability to meet its long-term debt obligations. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have consistently remained at 0.00 over the past several periods, suggesting that the company has not taken on any long-term debt or liabilities relative to its assets, capital, or equity.
However, the financial leverage ratio has shown fluctuation over the periods, ranging from 1.59 to 2.09. This ratio indicates the proportion of the company's assets that are financed by debt, with higher values indicating higher financial leverage. The fluctuations in the financial leverage ratio suggest changes in the company's capital structure and potentially its risk profile.
Overall, the consistent 0.00 values for the debt-related ratios indicate that Liquidity Services Inc has a low level of debt relative to its assets and capital, which could be viewed positively by investors and creditors. However, the varying financial leverage ratio points towards changes in the company's debt usage and future financial risk that should be monitored closely.
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 | 4,680.60 | 6,004.00 | 3,047.00 | 2,302.70 | 2,373.36 | 1,637.39 | 2,100.68 | 2,382.50 | 2,257.43 | 1,933.52 | 1,562.27 | 1,228.41 | 1,234.91 | 1,273.95 | 752.81 | 272.33 | -169.43 | -812.83 | -41.61 | -21.30 |
The interest coverage ratio of Liquidity Services Inc has exhibited fluctuations over the historical period provided.
- The interest coverage ratio has generally been positive, indicating that the company's operating profit was sufficient to cover its interest expense.
- The interest coverage ratio reached its peak in Jun 2024 at 6,004.00 and had been steadily increasing since Mar 2024. This indicates that the company's operating income was significantly higher than its interest expenses during this period.
- However, there were periods, such as Sep 2020 and Jun 2020, where the interest coverage ratio was negative, suggesting that the company's operating profit was insufficient to cover its interest obligations.
- Overall, a positive trend in the interest coverage ratio is typically indicative of the company's ability to meet its interest payments using its operating income. This is a favorable sign for creditors and investors, as it implies lower financial risk related to debt obligations.
It is important to note that the interest coverage ratio should be monitored regularly to assess the company's ability to manage its debt and interest obligations effectively.