Meta Platforms Inc. (META)
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 | 0.08 | 0.08 | 0.09 | 0.05 | 0.05 | 0.06 | 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 | 0.11 | 0.11 | 0.12 | 0.07 | 0.07 | 0.07 | 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 | 0.12 | 0.13 | 0.14 | 0.08 | 0.08 | 0.08 | 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 | 1.50 | 1.51 | 1.54 | 1.48 | 1.48 | 1.44 | 1.35 | 1.33 | 1.33 | 1.27 | 1.23 | 1.22 | 1.24 | 1.24 | 1.26 | 1.31 | 1.32 | 1.32 | 1.32 | 1.27 |
Meta Platforms Inc has consistently maintained low solvency risk based on its solvency ratios over the past eight quarters. The debt-to-assets ratio has remained relatively stable around 0.06 to 0.09, indicating that the company holds a low level of debt compared to its total assets.
Similarly, the debt-to-capital and debt-to-equity ratios have also shown minimal fluctuations, ranging from 0.07 to 0.14 and 0.08 to 0.13, respectively. These ratios suggest that Meta Platforms relies more on equity financing rather than debt to fund its operations.
The financial leverage ratio, which measures the extent of a company's financial leverage, has been consistently moderate, hovering around 1.44 to 1.54. This indicates that the company's assets are adequately leveraged to support its operations and growth.
Overall, Meta Platforms Inc's solvency ratios reflect a prudent approach to managing its capital structure and financial risk, with a focus on maintaining a healthy balance between debt and equity to support its business activities.
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 | 104.82 | 78.23 | 85.11 | 122.34 | 164.46 | 2,195.69 | 2,493.12 | 2,743.69 | 2,922.06 | 3,129.53 | 2,970.67 | 2,543.73 | 2,333.64 | 1,307.00 | 1,268.14 | 1,264.86 | 1,199.30 | 117.08 | 58.54 | 44.84 |
I'm sorry, but without the specific values for interest coverage provided in the table, I am unable to perform a detailed analysis of Meta Platforms Inc's interest coverage ratios across different quarters. Please provide the numerical data for interest coverage in order to facilitate an in-depth analysis.