Progyny Inc (PGNY)
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| Financial leverage ratio | 1.44 | 1.52 | 1.53 | 1.39 | 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 |
Progyny Inc's solvency ratios indicate a consistently strong financial position over the reported periods. The Debt-to-assets ratio has remained at 0.00, implying that the company has no debt in relation to its total assets. Similarly, the Debt-to-capital ratio and Debt-to-equity ratio have also stayed at 0.00, demonstrating that Progyny's capital structure is primarily financed by equity rather than debt.
The Financial leverage ratio has shown some variation but generally remained stable around the range of 1.40 to 1.60. This signifies that while there is a small level of financial leverage, the company's assets are predominantly funded by equity.
Overall, the solvency ratios suggest that Progyny Inc has a strong solvency position with minimal debt levels and a healthy mix of equity in its capital structure. This bodes well for the company's ability to meet its financial obligations and indicates a low risk of financial distress.
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | — | 93.05 | 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 |
The interest coverage ratio of Progyny Inc has shown a fluctuating trend over the past few years, ranging from a low of 16.05 to a high of 293.40. This ratio measures the company's ability to cover its interest expenses with its earnings before interest and taxes (EBIT). A higher interest coverage ratio indicates a greater ability to meet interest obligations.
From June 30, 2020, to March 31, 2022, the interest coverage ratio showed a generally increasing trend, peaking at 293.40 in March 31, 2021. This indicates a strong ability to cover interest expenses with operating income during this period.
However, from June 30, 2022, onwards, the interest coverage ratio has shown a decreasing trend, dropping to 16.05 by June 30, 2023. This decline may suggest potential challenges in meeting interest obligations with operating income.
It is important for investors and stakeholders to monitor the interest coverage ratio closely to assess the company's financial health and its ability to manage debt effectively. A consistently low interest coverage ratio may indicate financial risk and the need for a closer examination of the company's debt levels and operational efficiency.