Mohawk Industries Inc (MHK)
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 | 1.69 | 1.70 | 1.74 | 1.77 | 1.78 | 1.81 | 1.78 | 1.82 | 1.76 | 1.76 | 1.71 | 1.74 | 1.69 | 1.65 | 1.69 | 1.68 | 1.68 | 1.69 | 1.69 | 1.69 |
Based on the solvency ratios provided for Mohawk Industries Inc, we can see that the company has maintained a consistently low level of debt in relation to its assets, capital, and equity. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all remained at 0.00 from March 2020 to December 2024, indicating that the company has effectively managed its debt levels relative to its financial resources.
Furthermore, looking at the financial leverage ratio, we can see that there has been some fluctuation over the years, with a slight increase from 1.69 in March 2020 to 1.77 in March 2024. This indicates that the company's reliance on debt to finance its operations has increased slightly over the years but has generally remained at a moderate level.
Overall, based on these solvency ratios, Mohawk Industries Inc appears to have a strong financial position with low debt levels in relation to its assets, capital, and equity. The company's management of its leverage indicates a prudent approach to maintaining a healthy solvency position in the long term.
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 | 15.31 | 15.95 | -0.67 | -1.97 | -2.27 | -5.31 | -2.57 | 0.76 | 4.54 | 8.82 | 25.68 | 25.16 | 23.53 | 23.03 | 21.90 | 14.52 | 13.37 | 11.71 | 10.83 | 19.91 |
The interest coverage ratio of Mohawk Industries Inc has shown significant fluctuations over the period from March 31, 2020, to December 31, 2024. The trend indicates an initial increase in the ratio from 19.91 on March 31, 2020, to a peak of 25.68 on June 30, 2022, signaling the company's ability to meet its interest obligations comfortably.
However, the ratio starts to decline after June 30, 2022, reaching a negative level by March 31, 2023, which could raise concerns about the company's ability to cover its interest expenses from its earnings. This negative trend continues until June 30, 2024, after which there is a significant improvement in the ratio, reaching 15.31 on December 31, 2024.
Overall, the interest coverage ratio of Mohawk Industries Inc has experienced volatility, highlighting fluctuations in the company's ability to cover its interest payments. This inconsistency in the ratio over the analyzed period may suggest varying financial performance and potential challenges in servicing the company's debt obligations.