Photronics Inc (PLAB)
Solvency ratios
| Oct 31, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 31, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Oct 31, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.05 | 0.06 | 0.07 | 0.07 | 0.07 | 0.06 | 0.05 | 0.03 | 0.03 | 0.03 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.03 | 0.04 | 0.05 | 0.08 | 0.09 | 0.10 | 0.10 | 0.10 | 0.09 | 0.06 | 0.05 | 0.04 | 0.05 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.03 | 0.04 | 0.05 | 0.08 | 0.09 | 0.11 | 0.11 | 0.11 | 0.10 | 0.07 | 0.05 | 0.05 | 0.05 |
| Financial leverage ratio | 1.53 | 1.54 | 1.55 | 1.55 | 1.57 | 1.56 | 1.56 | 1.57 | 1.58 | 1.59 | 1.60 | 1.59 | 1.57 | 1.57 | 1.54 | 1.51 | 1.48 | 1.51 | 1.47 | 1.46 |
Based on the solvency ratios of Photronics Inc over the past few quarters, we can see that the company has maintained a consistently low level of debt relative to its assets, capital, and equity. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all been hovering around very low levels, indicating that the company has minimal reliance on debt financing to support its operations and growth.
Additionally, the financial leverage ratio has remained relatively stable over the quarters, fluctuating slightly but generally indicating that Photronics Inc has been operating with a moderate level of financial leverage. This suggests that the company has been managing its debt levels prudently and not taking on excessive leverage that could increase financial risk.
Overall, based on the solvency ratios observed, Photronics Inc appears to have a strong financial position with a conservative approach to debt management. This indicates stability and the ability to weather economic downturns or financial challenges.
Coverage ratios
| Oct 31, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 31, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Oct 31, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 858.59 | 627.99 | 559.98 | 41.75 | 36.84 | 36.06 | 35.81 | 24.03 | 22.79 | 19.57 | 15.71 | 80.22 | 155.01 | 164.90 | 224.23 | 439.93 | 639.28 | 434.69 | 118.52 | 67.54 |
Photronics Inc's interest coverage ratio has exhibited significant fluctuations over the provided time period. The interest coverage ratio represents the company's ability to meet its interest payments on its outstanding debt using its operating income.
The interest coverage ratio was exceptionally high in the most recent period, indicating a substantial cushion to cover interest expenses. This suggests a strong ability to meet interest obligations from operational earnings.
However, in previous periods, the interest coverage ratio was considerably lower, indicating a potentially higher risk of default on interest payments. The significant variability in the interest coverage ratio over time may reflect changes in the company's operating performance and financial risk.
Overall, it is essential for investors and stakeholders to monitor Photronics Inc's interest coverage ratio over time to assess the company's financial health and risk management regarding its debt servicing capabilities.