Progyny Inc (PGNY)
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 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 | — |
| 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 | — |
| Financial leverage ratio | 1.37 | 1.41 | 1.45 | 1.53 | 1.44 | 1.47 | 1.49 | 1.49 | 1.42 | 1.50 | 1.53 | 1.60 | 1.52 | 1.61 | 1.50 | 1.51 | 1.32 | — |
Progyny Inc's solvency ratios, based on the provided data, indicate a consistent trend of low debt levels relative to its assets, capital, and equity over the past eight quarters. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all been consistently at 0.00, suggesting that the company operates with minimal financial leverage and has a strong ability to cover its obligations using its own resources.
However, the financial leverage ratio has shown a slight increase over the quarters, from 1.37 in Q4 2022 to 1.53 in Q1 2023, before slightly decreasing to 1.41 in Q3 2023. This ratio indicates that the company's assets are financed by a mix of equity and liabilities, with the ratio exceeding 1, suggesting some level of financial leverage.
Overall, Progyny Inc's solvency ratios reflect a stable financial position with little reliance on debt for financing operations. The gradual increase in the financial leverage ratio may warrant further monitoring to ensure that the company maintains a healthy balance between debt and equity to support its long-term financial health and stability.
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 30.69 | 19.99 | 16.05 | 18.10 | 28.67 | 58.89 | 63.29 | 41.70 | 65.07 | 78.16 | 96.88 | 293.40 | 44.17 | 27.05 | 20.60 |
Based on the absence of data for interest coverage in the provided table for Progyny Inc across the quarters of 2022 and 2023, it is not possible to calculate or analyze the company's ability to cover its interest expenses with its earnings. The lack of information regarding interest coverage limits our insight into the company's financial health and its ability to meet its interest payment obligations. It is essential for investors and stakeholders to have access to this metric to assess the company's risk and financial stability.