Qualys Inc (QLYS)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| 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 | 2.04 | 2.21 | 2.42 | 1.87 | 1.82 |
Qualys Inc has consistently maintained a strong solvency position, as evidenced by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios, all of which have been at 0.00 across the years from 2020 to 2024. This indicates that the company has not relied heavily on debt to finance its operations and that its assets are primarily funded by equity.
However, the financial leverage ratio, which measures the extent to which the company relies on debt in its capital structure, has shown some fluctuation over the years. While the ratio was 1.82 in 2020, it increased to 2.42 in 2022 before decreasing to 2.04 in 2024. This suggests that Qualys Inc's financial leverage initially increased, possibly indicating a higher reliance on debt for funding, but then decreased, indicating a more balanced capital structure in later years.
Overall, Qualys Inc's solvency ratios indicate a conservative approach to managing its financial obligations and a solid financial position with limited reliance on debt financing.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | — | — | 42.40 | 52.16 | 11,338.44 |
Interest coverage ratio measures a company's ability to meet its interest payments on outstanding debt. A higher ratio indicates a stronger ability to cover interest expenses.
Analyzing Qualys Inc's interest coverage over the years, we observe a significant fluctuation in the ratio. As of December 31, 2020, the interest coverage ratio was exceptionally high at 11,338.44, indicating a robust capacity to cover interest expenses. However, this ratio decreased substantially to 52.16 as of December 31, 2021, suggesting a potential reduction in the company's ability to cover interest payments.
The interest coverage ratio improved slightly to 42.40 as of December 31, 2022, indicating a better ability to cover interest expenses compared to the previous year. Notably, data for both December 31, 2023, and December 31, 2024, is unavailable (indicated as "—"), making it challenging to assess the company's current interest coverage position for these years.
Overall, based on the available data, Qualys Inc experienced a varying trend in interest coverage, demonstrating both strengths and potential challenges in meeting interest obligations. It is essential for the company to maintain a healthy interest coverage ratio to ensure financial stability and confidence among lenders and investors.