Omnicell Inc (OMCL)

Omnicell, Inc.'s solvency ratios provide insights into its financial health and ability to meet its financial obligations. The debt-to-assets ratio has been relatively stable over the past five years, indicating that around 26% to 23% of the company's assets are funded by debt, with a slight increase in 2021 from 2020.

The debt-to-capital ratio also shows consistency, with values ranging from 30% to 33% over the same period. This ratio signifies the proportion of the company's capital structure attributable to debt, and the consistent levels suggest a balanced mix of debt and equity financing.

The debt-to-equity ratio has followed a similar pattern, hovering around 0.43 to 0.50, indicating the proportion of debt relative to equity in the company's capital structure. Omnicell has maintained a moderate level of leverage, with each dollar of equity backed by approximately 43% to 50% of debt.

The financial leverage ratio has also shown stability, fluctuating between 1.47 and 1.96. This ratio indicates the extent to which the company relies on debt to finance its assets, with a higher value suggesting higher financial risk.

Overall, Omnicell, Inc. demonstrates a prudent approach to managing its solvency, maintaining a consistent level of debt relative to its assets, capital, equity, and leveraging, which indicates a well-balanced capital structure that supports the company's financial stability and ability to meet its obligations.

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Coverage ratios

Unfortunately, the table provided does not include the specific values for Omnicell, Inc.'s interest coverage ratio for the years from 2019 to 2023. The interest coverage ratio is a financial metric used to assess a company's ability to meet its interest obligations on outstanding debt. It is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expenses.

Without the actual values for Omnicell, Inc.'s interest coverage ratio, a detailed analysis cannot be provided. A high interest coverage ratio indicates that the company is generating sufficient earnings to cover its interest payments comfortably, suggesting financial stability. Conversely, a low interest coverage ratio may raise concerns about the company's ability to handle its interest expenses.

For a more in-depth analysis, it would be necessary to access the specific financial data for each year and calculate the interest coverage ratio accordingly to evaluate Omnicell, Inc.'s financial health and its capacity to manage its debt obligations.