Quidel Corporation (QDEL)
Solvency ratios
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||||
|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 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 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.71 | 1.72 | 1.71 | 1.76 | 1.79 | 1.80 | 1.79 |
Based on the solvency ratios of Quidel Corporation, it is evident that the company has consistently maintained a debt-free status with a debt-to-assets, debt-to-capital, and debt-to-equity ratio of 0.00 across the four quarters in 2023. This indicates that the company has not utilized debt to finance its operations or expansion during this period.
However, the financial leverage ratio has shown some variability throughout the year, ranging from 1.71 to 1.80. This ratio measures the company's reliance on debt financing compared to equity. A higher financial leverage ratio implies higher financial risk due to increased debt financing.
Overall, Quidel Corporation's solvency ratios reflect a strong financial position with minimal debt and a conservative capital structure. The fluctuations in the financial leverage ratio may indicate changes in the company's capital structure or financing decisions during the year.
Coverage ratios
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | |
|---|---|---|---|---|
| Interest coverage | 3.55 | 4.72 | 5.50 | 8.34 |
The interest coverage ratio measures a company's ability to cover its interest expenses with its operating income. A higher interest coverage ratio indicates that the company is more capable of meeting its interest payment obligations.
For Quidel Corporation, the interest coverage ratio has been fluctuating over the past four quarters. In December 2023, the interest coverage ratio was 3.55, which means that the company's operating income was sufficient to cover its interest expenses 3.55 times. The ratio improved in the subsequent quarters, reaching 4.72 in September 2023, 5.50 in June 2023, and peaking at 8.34 in March 2023.
The increasing trend in Quidel Corporation's interest coverage ratio indicates that the company's operating income has been improving relative to its interest expenses. This suggests a positive sign of financial health and stability, as the company is better positioned to meet its debt obligations and potentially pursue growth opportunities. However, it is essential to monitor this ratio over time to ensure continued financial strength and sustainability.