Power Integrations Inc (POWI)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| 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 | 1.09 | 1.11 | 1.11 | 1.11 | 1.11 |
In analyzing Power Integrations Inc.'s solvency ratios, it is evident that the company has consistently maintained a debt-free capital structure over the past five years, as reflected in the debt-to-assets, debt-to-capital, and debt-to-equity ratios, all of which are reported as 0.00 in each year.
However, when examining the financial leverage ratio, which measures the proportion of a company's total assets that are financed by equity, we observe some slight fluctuations. The financial leverage ratio has shown a decreasing trend from 1.11 in 2019 to 1.09 in 2023. Despite these minor fluctuations, the company's financial leverage remains relatively stable around the 1.1 mark over the period under review.
Overall, based on the solvency ratios presented, Power Integrations Inc. demonstrates a strong financial position with minimal reliance on external debt financing and a healthy equity base to support its operations and growth initiatives.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | — | — | 162.54 | 14.80 | 0.67 |
Based on the data provided, it appears that the interest coverage ratio for Power Integrations Inc. is not available for the years ending December 31, 2019 to December 31, 2023. This could be due to the absence of relevant financial information necessary to calculate this ratio, such as the interest expense and the operating income of the company. Without the interest coverage ratio, it is difficult to assess the company's ability to meet its interest obligations from its operating income. It is recommended to review the company's financial statements in detail to determine the specific reasons for the missing data and to gain a more comprehensive understanding of Power Integrations Inc.'s financial health and risk management.