MaxLinear Inc (MXL)
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 | 0.14 | 0.14 | 0.13 | 0.12 | 0.11 | 0.11 | 0.11 | 0.10 | 0.10 | 0.15 | 0.21 | 0.26 | 0.29 | 0.31 | 0.33 | 0.34 | 0.36 | 0.37 | 0.30 | 0.30 |
| Debt-to-capital ratio | 0.19 | 0.18 | 0.17 | 0.16 | 0.15 | 0.15 | 0.14 | 0.14 | 0.15 | 0.22 | 0.30 | 0.35 | 0.38 | 0.42 | 0.44 | 0.45 | 0.48 | 0.48 | 0.34 | 0.34 |
| Debt-to-equity ratio | 0.24 | 0.22 | 0.20 | 0.19 | 0.18 | 0.17 | 0.16 | 0.17 | 0.18 | 0.28 | 0.43 | 0.54 | 0.63 | 0.71 | 0.79 | 0.82 | 0.93 | 0.94 | 0.52 | 0.51 |
| Financial leverage ratio | 1.67 | 1.61 | 1.58 | 1.62 | 1.57 | 1.57 | 1.56 | 1.63 | 1.74 | 1.92 | 2.07 | 2.08 | 2.15 | 2.30 | 2.37 | 2.37 | 2.61 | 2.54 | 1.72 | 1.70 |
MaxLinear Inc's solvency ratios show a positive trend over the reporting period. The Debt-to-assets ratio has been consistently decreasing from 0.30 in March 2020 to 0.14 in December 2024, indicating a stronger ability to cover obligations with assets. The Debt-to-capital ratio and Debt-to-equity ratio also exhibit a declining pattern, demonstrating improved financial health and reduced reliance on debt financing. The Financial leverage ratio has decreased steadily from 1.70 in March 2020 to 1.67 in December 2024, showcasing a decrease in financial risk and leverage. Overall, the solvency ratios suggest that MaxLinear Inc has been effectively managing its debt levels and maintaining a solid financial position with decreasing leverage over time.
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 | -20.24 | -19.91 | -17.27 | -13.92 | -4.96 | 2.94 | 11.48 | 16.58 | 18.84 | 17.40 | 15.11 | 8.84 | 4.68 | 0.39 | -3.27 | -4.93 | -7.87 | -7.95 | -5.30 | -3.08 |
MaxLinear Inc's interest coverage ratio experienced fluctuations over the period from March 31, 2020, to December 31, 2024. The company had negative interest coverage ratios in the first few quarters, indicating that it was not generating enough operating income to cover its interest expenses.
However, there was a significant improvement in the interest coverage ratio starting from September 30, 2021, when it turned positive. This upward trend continued until December 31, 2022, indicating a healthier financial position for the company.
The interest coverage ratio peaked at 20.24 on December 31, 2024, reflecting a substantial improvement in the company's ability to meet its interest obligations from its operating income. A higher interest coverage ratio is generally viewed positively by investors and creditors as it suggests that the company is more capable of servicing its debt.
Overall, the improving trend in MaxLinear Inc's interest coverage ratio from negative values to positive values indicates a positive development in the company's financial health and its ability to handle interest expenses.