MaxLinear Inc (MXL)

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 0.11 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 0.29 0.29 0.31 0.32
Debt-to-capital ratio 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 0.33 0.33 0.35 0.37
Debt-to-equity ratio 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 0.50 0.50 0.55 0.59
Financial leverage ratio 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 1.70 1.71 1.77 1.83

The solvency ratios of MaxLinear Inc indicate the company's ability to meet its long-term financial obligations. The debt-to-assets ratio has remained relatively stable at around 0.11 over the past few quarters, suggesting that the company's assets continue to outweigh its debt, providing a solid cushion of protection for creditors.

Similarly, the debt-to-capital and debt-to-equity ratios have also remained fairly consistent, hovering around 0.15 and 0.17, respectively. This indicates that the company has been maintaining a healthy balance between debt and its capital or equity, which is positive for its long-term financial stability.

However, the financial leverage ratio has shown some fluctuations, ranging from 1.56 to 2.08. While a higher financial leverage ratio indicates higher financial risk, it is important to note that this ratio is influenced by the company's capital structure and should be interpreted in conjunction with the other solvency ratios.

Overall, based on the solvency ratios, MaxLinear Inc appears to have maintained a solid financial position with manageable levels of debt in relation to its assets, capital, and equity, which is indicative of the company's ability to meet its long-term financial obligations.

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 -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 -1.92 -2.01 -2.73 -2.31

MaxLinear Inc's interest coverage ratio has exhibited significant fluctuations over the past several quarters. The interest coverage ratio, which measures a company's ability to cover its interest expenses with its operating income, was negative at -3.44 as of December 31, 2023, indicating that the company's operating income was insufficient to cover its interest expenses during that period.

However, in the previous quarter, the interest coverage ratio improved to 10.49, reflecting a positive trend. This was further reinforced by the interest coverage ratios of 17.62, 18.94, and 19.46 in the preceding quarters, indicating a substantial improvement in the company's ability to meet its interest obligations from its operating income.

It is noteworthy that the interest coverage ratio experienced a decline from 19.46 in the first quarter of 2023 to 9.38 in the first quarter of 2022. This decline may raise some concerns about the company's ability to cover its interest expenses, as the ratio fell below 10, albeit remaining positive.

Overall, the fluctuating nature of MaxLinear Inc's interest coverage ratio suggests variability in its ability to meet interest payment obligations from its operating income. Investors and stakeholders may want to closely monitor the company's operating performance and financial management practices to assess the sustainability of its interest coverage in the future.