Nu Skin Enterprises Inc (NUS)

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	0.26	0.20	0.19	0.20	0.21	0.22	0.20	0.14	0.14	0.14	0.14	0.15	0.16	0.17	0.18	0.19	0.19	0.20	0.19	0.20
Debt-to-capital ratio	0.37	0.31	0.29	0.29	0.30	0.31	0.29	0.22	0.23	0.23	0.24	0.25	0.25	0.27	0.29	0.29	0.28	0.29	0.29	0.31
Debt-to-equity ratio	0.58	0.44	0.41	0.42	0.42	0.45	0.41	0.28	0.29	0.30	0.31	0.34	0.34	0.38	0.40	0.41	0.38	0.40	0.42	0.44
Financial leverage ratio	2.20	2.18	2.12	2.04	2.03	2.09	2.02	2.03	2.09	2.11	2.23	2.24	2.19	2.20	2.27	2.18	2.02	2.05	2.15	2.16

Nu Skin Enterprises, Inc. has maintained relatively stable solvency ratios over the past eight quarters, as shown in the provided table. The debt-to-assets ratio has ranged from 0.20 to 0.28, indicating that between 20% and 28% of the company's total assets were financed by debt during this period.

The debt-to-capital ratio has followed a similar trend, ranging from 0.28 to 0.38, demonstrating the proportion of the company's capital structure that is funded by debt has remained relatively consistent. The debt-to-equity ratio has shown a mild increase from 0.39 to 0.62, implying that the company has been relying more on debt financing compared to equity financing.

The financial leverage ratio, which measures the company's total assets relative to its equity, has hovered around 2.00 to 2.20. This suggests that the company is utilizing debt financing to leverage its returns and potentially increase shareholder's equity.

Overall, Nu Skin Enterprises, Inc. appears to have managed its leverage effectively, striking a balance between debt and equity financing to maintain stable solvency ratios throughout the periods analyzed. However, the slight upward trend in debt-to-equity ratio warrants attention to ensure that the company's debt levels remain sustainable in the long term.

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	1.89	4.35	4.82	5.51	8.21	9.49	17.29	20.33	21.27	22.65	23.45	21.53	19.66	11.64	5.71	4.09	3.48	3.05	3.23	4.45

Based on the data provided, it appears that the interest coverage ratio for Nu Skin Enterprises, Inc. is not available for the specified quarters in 2023 or 2022. The lack of this information makes it challenging to assess the company's ability to meet its interest obligations using the interest coverage ratio, which typically indicates the company's ability to pay interest expenses from its operating income. It is recommended to acquire this data or explore alternative financial metrics to gain a comprehensive understanding of Nu Skin Enterprises, Inc.'s financial health and ability to service its debt.