Qualys Inc (QLYS)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| 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 | 2.21 | 2.42 | 1.87 | 1.82 | 1.75 |
Qualys Inc has consistently maintained a very low level of debt relative to its assets, capital, and equity over the past five years. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all been at 0.00 for each year, indicating that the company has not relied on debt financing to support its operations or growth.
However, the financial leverage ratio has shown some fluctuation over the same period, ranging from 1.75 in 2019 to 2.42 in 2022. The financial leverage ratio in 2023 is 2.21, suggesting that the company's leverage has decreased slightly compared to the previous year but is still higher than in some earlier years.
Overall, Qualys Inc's solvency ratios reflect a strong financial position with minimal debt obligations and a stable capital structure. The company's low debt levels indicate a conservative approach to financing, which may reduce its financial risk and enhance its ability to weather economic downturns.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | — | — | — | 11,338.44 | 755.56 |
The table provided does not contain specific data on the interest coverage ratio for Qualys Inc for the years 2019 to 2023. The interest coverage ratio is a financial metric used to evaluate a company's ability to pay interest on its outstanding debt. It is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense.
Without the specific values for EBIT and interest expense, we are unable to calculate the interest coverage ratio for Qualys Inc. However, generally, a higher interest coverage ratio indicates that a company is more capable of meeting its interest obligations from its operating income. Conversely, a lower ratio may suggest a higher risk of default on its debt.
In order to provide a more in-depth analysis of Qualys Inc's interest coverage, specific financial data for the relevant years would be required to calculate and evaluate the trend of this important financial ratio over time.