Plexus Corp (PLXS)

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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Debt-to-assets ratio	0.12	0.11	0.13	0.13	0.14	0.12	0.12	0.12	0.11	0.09	0.09	0.09	0.13	0.13	0.13	0.12	0.10	0.13	0.14	0.12
Debt-to-capital ratio	0.23	0.24	0.27	0.27	0.29	0.27	0.27	0.26	0.22	0.17	0.17	0.16	0.23	0.23	0.24	0.22	0.19	0.23	0.25	0.21
Debt-to-equity ratio	0.31	0.31	0.37	0.36	0.40	0.37	0.36	0.35	0.29	0.21	0.21	0.20	0.30	0.31	0.32	0.28	0.24	0.29	0.33	0.27
Financial leverage ratio	2.61	2.73	2.89	2.86	2.95	3.10	3.03	2.87	2.60	2.39	2.27	2.21	2.26	2.34	2.42	2.35	2.32	2.31	2.34	2.29

The solvency ratios of Plexus Corp have shown fluctuations over the past few quarters. The debt-to-assets ratio has been relatively stable, ranging between 0.09 and 0.14, indicating that the company's level of debt compared to its total assets has not significantly changed.

The debt-to-capital ratio and debt-to-equity ratio have both shown some variation, with the debt-to-capital ratio fluctuating between 0.16 and 0.29, while the debt-to-equity ratio has ranged from 0.20 to 0.40. These ratios suggest that Plexus Corp relies moderately on debt to finance its operations and investments in relation to its capital and equity levels.

The financial leverage ratio has also exhibited fluctuations, ranging from 2.21 to 3.10. This ratio indicates the company's reliance on debt financing compared to its equity, with higher ratios implying higher financial leverage.

Overall, Plexus Corp's solvency ratios show that the company has maintained a relatively stable level of debt compared to its assets, capital, and equity, but there have been some movements in these ratios over the recent quarters, highlighting the need for ongoing monitoring of the company's leverage and financial health.

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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Interest coverage	5.54	6.10	6.92	9.01	10.18	10.98	11.45	11.24	12.02	12.26	11.86	11.87	9.86	9.38	8.87	8.24	9.56	10.80	12.37	13.24

Plexus Corp's interest coverage ratio has shown a generally positive trend over the past five years, indicating the company's ability to comfortably cover its interest obligations with its operating profits. The interest coverage ratio has been consistently above 1, which suggests that Plexus Corp has sufficient earnings to cover its interest expenses.

The interest coverage ratio has improved from 2019 to 2023, with the ratio consistently increasing each quarter. This indicates that Plexus Corp's financial position and profitability have strengthened over time, as the company has been generating more operating income relative to its interest expenses.

The trend of increasing interest coverage ratios is a positive sign for investors and creditors, as it demonstrates Plexus Corp's ability to service its debt obligations and indicates a lower risk of default. Overall, the consistent improvement in the interest coverage ratio reflects the company's financial stability and effective management of its debt.