Enviri Corporation (NVRI)
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 | 6.44 | 5.79 | 5.70 | 5.57 | 5.46 | 5.03 | 4.94 | 4.96 | 4.90 | 4.82 | 4.72 | 4.22 | 4.08 | 4.37 | 4.36 | 4.53 | 4.55 | 4.12 | 4.09 | 3.30 |
Enviri Corporation's solvency ratios indicate strong financial stability and low levels of debt relative to its assets, capital, and equity. The Debt-to-assets ratio has consistently remained at 0.00 over the years, indicating that the company has no significant debt obligations in relation to its total assets.
Similarly, the Debt-to-capital ratio and Debt-to-equity ratio have also maintained a steady 0.00, suggesting that the company's capital structure is not heavily reliant on debt financing. This indicates a conservative approach to managing financial risk and leverage.
The Financial leverage ratio has seen a slight increase from 3.30 in March 2020 to 6.44 in December 2024. While this increase indicates a higher level of financial leverage over the years, the ratio still remains within manageable levels and does not pose a significant risk to the company's financial health.
Overall, Enviri Corporation's solvency ratios reflect a prudent financial management strategy with a focus on maintaining a strong solvency position and minimizing debt exposure.
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 | 0.15 | 0.95 | 0.90 | 0.82 | 0.84 | 0.67 | 0.80 | -0.42 | -0.65 | -0.47 | -0.47 | 1.63 | 1.80 | 1.68 | 1.27 | 0.68 | 0.41 | 0.53 | 1.27 | 1.62 |
Enviri Corporation's interest coverage ratio has fluctuated over the years. The company's ability to cover its interest expenses improved from March 2020 to December 2021, with the ratio generally above 1, indicating that Enviri was able to cover its interest payments comfortably. However, there was a significant decline in the ratio in June 2022, September 2022, and December 2022, where it even turned negative, suggesting that the company's operating income was insufficient to cover its interest expenses during that period.
The ratio recovered slightly in the following quarters but remained relatively low compared to the earlier periods. This fluctuation indicates some variability in Enviri's ability to cover its interest obligations from its operating profits. Overall, investors and creditors may view the declining trend and negative ratios as a cause for concern regarding the company's financial health and ability to meet its debt obligations. Further analysis of the company's financial performance and debt management strategies may be necessary to assess the risks associated with investing in Enviri Corporation.