Progyny Inc (PGNY)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.44 | 1.37 | 1.44 | 1.42 | 1.52 |
Progyny Inc has consistently maintained a strong solvency position, as indicated by its solvency ratios. The company's debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all been at 0.00 across the years from 2020 to 2024. This suggests that Progyny Inc has not relied on debt significantly to finance its operations and investments, signaling a low level of financial risk.
Moreover, the company's financial leverage ratio has been relatively stable over the same period, ranging from 1.37 to 1.52. This indicates that Progyny Inc has been able to support its operations and growth with a reasonable amount of debt relative to its equity, without becoming overly leveraged.
Overall, based on these solvency ratios, Progyny Inc appears to have a solid financial footing and a conservative approach to managing its capital structure, which bodes well for its long-term financial stability and sustainability.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | — | — | 28.67 | 70.15 | 68.99 |
The interest coverage ratio for Progyny Inc has shown a positive trend from 2020 to 2021, indicating the company's ability to meet its interest obligations comfortably. The ratio increased from 68.99 in December 2020 to 70.15 in December 2021, suggesting that the company's operating income is more than sufficient to cover its interest expenses.
However, there was a notable decline in the interest coverage ratio in December 2022 to 28.67, which could be a cause for concern as it indicates a potential decrease in the company's ability to cover its interest payments from its operating income.
The absence of data for 2023 and 2024 makes it difficult to assess the trend further. It is important for Progyny Inc to closely monitor and manage its interest coverage ratio to ensure financial stability and the ability to meet debt obligations in the future.