MSA Safety (MSA)
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 | 1.93 | 2.05 | 2.17 | 2.19 | 2.24 | 2.53 | 2.65 | 2.83 | 2.57 | 2.83 | 2.87 | 2.81 | 2.87 | 2.74 | 2.31 | 2.38 | 2.31 | 2.30 | 2.34 | 2.43 |
MSA Safety's solvency ratios indicate a strong financial position with consistently low levels of debt in relation to assets, capital, and equity.
- The debt-to-assets ratio has remained at 0.00 throughout the reporting periods, indicating that the company has not relied on debt to finance its operations or acquisitions.
- The debt-to-capital ratio and debt-to-equity ratio also stand at 0.00 across all periods, suggesting that the company has not taken on significant debt relative to its capital or equity base.
The financial leverage ratio, which measures the company's debt relative to its equity, has shown a decreasing trend over the years, from 2.43 in March 2020 to 1.93 in December 2024. This indicates that MSA Safety has been reducing its reliance on debt financing in favor of equity financing, which can improve the company's financial stability and reduce the risks associated with financial leverage.
Overall, MSA Safety's solvency ratios demonstrate a conservative financial strategy with minimal debt levels, highlighting the company's ability to meet its financial obligations and invest in future growth without taking on excessive financial risk.
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 | 11.17 | 10.13 | 8.90 | 8.28 | 7.99 | 7.51 | 8.42 | 9.33 | 11.04 | 5.11 | 3.91 | 3.42 | 4.41 | 17.32 | 22.72 | 23.62 | 22.10 | 21.35 | 18.86 | 16.40 |
The interest coverage ratio for MSA Safety has fluctuated over the years, revealing the company's ability to meet its interest obligations. Starting from a healthy 16.40 in March 2020, the interest coverage ratio improved steadily, reaching its peak at 23.62 in March 2021. However, from June 2021 onwards, there was a noticeable decline in the interest coverage ratio, dropping to 3.42 by March 2022, signifying potential concerns about the company's ability to cover its interest expenses.
Although there was a slight recovery in the subsequent quarters, with the interest coverage ratio hovering around 8-11, the ratio remained below the levels seen in the earlier periods. This indicates that MSA Safety may be experiencing challenges in generating sufficient earnings to cover its interest payments adequately. It is important for investors and stakeholders to monitor the interest coverage ratio closely to assess the company's financial health and ability to manage its debt obligations effectively.