Owens & Minor Inc (OMI)
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 | 8.24 | 5.81 | 6.16 | 5.82 | 5.51 | 5.78 | 5.90 | 5.74 | 5.70 | 5.73 | 5.79 | 6.02 | 3.77 | 4.04 | 4.24 | 4.31 | 4.68 | 7.31 | 7.94 | 8.92 |
Owens & Minor Inc's solvency ratios indicate the company's ability to meet its financial obligations in the long term.
1. Debt-to-assets ratio: This ratio measures the proportion of the company's assets funded by debt. Owens & Minor Inc consistently maintained a debt-to-assets ratio of 0.00 across all periods, indicating that the company's assets were primarily financed by equity rather than debt.
2. Debt-to-capital ratio: The debt-to-capital ratio reflects the proportion of the company's capital structure that is financed through debt. Similar to the debt-to-assets ratio, Owens & Minor Inc maintained a debt-to-capital ratio of 0.00 throughout the periods analyzed, indicating a low reliance on debt financing.
3. Debt-to-equity ratio: This ratio compares the company's total debt to its shareholders' equity and provides insights into the company's financial leverage. Owens & Minor Inc also maintained a debt-to-equity ratio of 0.00 consistently, indicating a conservative capital structure with minimal debt.
4. Financial leverage ratio: The financial leverage ratio measures the degree of financial leverage utilized by the company. Owens & Minor Inc's financial leverage ratio showed some fluctuations over the periods analyzed, ranging from 3.77 to 8.24. However, the ratio generally decreased from 8.92 in March 2020 to 8.24 in December 2024, indicating a reduction in financial risk and leverage over time.
Overall, based on the solvency ratios analyzed, Owens & Minor Inc appears to have a strong financial position with low debt levels and conservative leverage, indicating a stable and sustainable capital structure.
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 | -0.90 | 1.35 | 1.61 | 1.54 | 1.38 | 0.64 | 0.67 | 0.99 | 1.83 | 3.53 | 4.93 | 7.32 | 8.08 | 7.58 | 6.66 | 4.68 | 2.53 | 1.46 | 0.77 | 0.61 |
Owens & Minor Inc's interest coverage ratio has shown fluctuations over the past few years. The interest coverage ratio measures a company's ability to meet its interest payments on outstanding debt. A ratio below 1 indicates that the company is not generating enough operating income to cover its interest expenses.
From March 31, 2020, to June 30, 2022, Owens & Minor Inc's interest coverage ratio steadily improved from 0.61 to 4.93, indicating a positive trend in the company's ability to cover its interest payments. However, from September 30, 2022, to December 31, 2024, the interest coverage ratio declined, with some quarters showing ratios below 1, which could be a cause for concern as it suggests the company may be struggling to cover its interest expenses.
It is important for investors and creditors to closely monitor the interest coverage ratio of Owens & Minor Inc to assess the company's financial health and its ability to service its debt obligations. Efforts should be made to improve the ratio in order to ensure the company's long-term financial sustainability.