Perficient Inc (PRFT)
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 | 2.01 | 2.05 | 2.14 | 2.24 | 2.43 | 2.47 | 2.53 | 2.63 | 2.42 | 1.86 | 1.91 | 1.93 | 1.99 | 1.95 | 1.74 | 1.62 | 1.68 | 1.64 | 1.68 | 1.62 |
Perficient Inc.'s solvency ratios provide insight into the company's ability to meet its long-term financial obligations. The debt-to-assets ratio has shown a decreasing trend over the past eight quarters, decreasing from 0.42 in Q3 2022 to 0.37 in Q4 2023. This indicates that Perficient has been reducing its reliance on debt to finance its assets.
Similarly, the debt-to-capital ratio has also shown a declining trend, decreasing from 0.51 in Q3 2022 to 0.43 in Q4 2023. This suggests that the proportion of debt in Perficient's capital structure has been decreasing, which can be seen as a positive sign for the company's solvency.
On the other hand, the debt-to-equity ratio has shown a consistent increase over the same period, rising from 0.96 in Q4 2022 to 0.75 in Q4 2023. This indicates that Perficient has been relying more on debt relative to its equity, which may raise concerns about its long-term financial health.
Lastly, the financial leverage ratio has been fluctuating over the quarters but has generally trended downwards, decreasing from 2.63 in Q1 2022 to 2.01 in Q4 2023. A lower financial leverage ratio suggests that Perficient is relying less on debt to finance its operations, which can enhance its financial stability and flexibility.
Overall, while the decreasing debt-to-assets and debt-to-capital ratios indicate an improving solvency position for Perficient, the rising debt-to-equity ratio warrants further monitoring to ensure the company's long-term financial health and sustainability.
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 | 0.38 | 86.86 | 63.39 | 53.10 | 45.74 | 22.29 | 14.68 | 10.30 | 7.54 | 6.66 | 6.04 | 5.48 | 5.46 | 6.40 | 7.17 | 7.58 | 7.46 | 6.91 | 7.04 | 7.97 |
Perficient Inc.'s interest coverage ratio has shown a generally improving trend over the past eight quarters. The interest coverage ratio measures the company's ability to pay interest expenses on its outstanding debt. A higher interest coverage ratio indicates a stronger ability to meet interest obligations.
In Q4 2023, the interest coverage ratio was exceptionally high at 363.38, signifying a significant increase compared to the previous quarters. This strong ratio suggests that Perficient Inc. generated more than enough operating income to cover its interest expenses in that period.
Throughout the previous quarters, there was a noticeable improvement in the interest coverage ratio, reflecting a positive trend in the company's ability to meet its interest payments. This enhancement implies that Perficient Inc.'s financial health has been strengthening, potentially due to increased profitability or effective cost management.
The substantial growth in the interest coverage ratio indicates that Perficient Inc. has been managing its debt obligations effectively and has sufficient earnings to cover its interest expenses. This trend is favorable for investors and creditors as it demonstrates the company's ability to honor its debt commitments while maintaining profitability.