Proto Labs Inc (PRLB)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.00 | 1.11 | 1.11 | 1.12 | 1.14 | 1.15 | 1.14 | 1.16 | 1.15 | 1.12 | 1.12 | 1.12 | 1.12 | 1.13 | 1.14 | 1.15 | 1.15 | 1.16 | 1.16 | 1.15 |
Proto Labs Inc has consistently maintained a strong solvency position, as evidenced by its consistently low debt-to-assets, debt-to-capital, and debt-to-equity ratios over the past few years. The company has a debt-to-assets ratio of 0.00, indicating that it has no significant debt in relation to its total assets. Similarly, the debt-to-capital ratio and debt-to-equity ratio are also at 0.00, showing that Proto Labs has minimal debt in relation to its total capital and equity.
The financial leverage ratio, which is a measure of the company's total assets to equity, has shown some slight fluctuations over the years but has generally remained relatively stable around the range of 1.10 to 1.16. This indicates that Proto Labs has been effectively utilizing its equity to support its assets, without taking on excessive debt.
Overall, Proto Labs Inc's solvency ratios suggest a financially stable and sound position with a conservative approach to debt management.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | 24.12 | 24.56 | 24.34 | 11.00 | 0.31 | 0.27 | 0.34 | 0.41 | 41.66 | 43.90 | 63.07 | — | — | — | — | — | — | — | — |
Proto Labs Inc's interest coverage ratio, which assesses the company's ability to cover its interest expenses with its operating income, has seen fluctuations over the years.
From the available data, the interest coverage ratio was not calculable for most of the periods until March 31, 2022, when it sharply increased to 63.07. This indicates a significant improvement in the company's ability to meet its interest obligations.
However, the ratio declined in the following quarters but remained relatively stable, with values of 43.90, 41.66, and 0.41 reported for June 30, 2022, September 30, 2022, and December 31, 2022, respectively. The significant drop in the last quarter of 2022 may raise concerns about the company's ability to cover its interest payments with its operating income.
In the subsequent periods, Proto Labs Inc managed to improve its interest coverage ratio, with values of 0.34, 0.27, and 0.31 reported for March 31, 2023, June 30, 2023, and September 30, 2023, respectively. The ratio further increased to 11.00 by the end of December 31, 2023.
The trend continued to be positive in the following periods, with the interest coverage ratio showing steady improvement, reaching values of 24.34, 24.56, and 24.12 for March 31, 2024, June 30, 2024, and September 30, 2024, respectively.
Overall, Proto Labs Inc's interest coverage ratio demonstrated volatility in the past but has shown signs of improvement in recent quarters. Investors and stakeholders may want to monitor this ratio closely to ensure the company's ongoing ability to meet its interest obligations.