Powell Industries Inc (POWL)
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 | 0.00 | 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 | 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 | 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 | 0.00 |
| Financial leverage ratio | 2.21 | 2.18 | 2.07 | 1.92 | 1.72 | 1.66 | 1.53 | 1.50 | 1.43 | 1.45 | 1.39 | 1.44 | 1.46 | 1.54 | 1.60 | 1.49 | 1.55 | 1.56 | 1.48 | 1.42 |
Based on the provided solvency ratios of Powell Industries, Inc., it is evident that the company has maintained a consistently low debt burden in relation to its assets, capital, and equity over the course of the last eight quarters. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all consistently remained at 0.00, indicating that the company has not relied heavily on debt to finance its operations and investments.
Furthermore, the financial leverage ratio has shown an increasing trend, moving from 1.50 in the first quarter of 2022 to 2.21 in the most recent quarter of 2023. This indicates that the company's reliance on debt to finance its operations has increased over time, with the financial leverage ratio surpassing the 2.00 threshold in the latest period.
Overall, while the company has maintained a low debt burden in relation to its assets, capital, and equity, the increasing trend in the financial leverage ratio suggests a growing reliance on debt financing. It is important for stakeholders to monitor this trend to ensure that the company's solvency and financial stability are not compromised over time.
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 | 55.61 | 29.87 | 21.84 | — | 14.76 | 19.24 | 4.71 | -8.05 | -13.61 | 6.35 | 9.72 | 30.76 | 80.33 | 90.17 | 100.70 | 109.91 | 78.18 | 54.63 | 35.60 | 12.82 |
I'm sorry, but the table you provided does not contain any data for the interest coverage ratio for Powell Industries, Inc. Without this specific data, I'm unable to provide a detailed and comprehensive analysis. If you can provide the interest expense and earnings before interest and taxes (EBIT) for the corresponding periods, I can help calculate the interest coverage ratio and provide a thorough analysis of Powell Industries, Inc.'s financial performance in that aspect.