Qualys Inc (QLYS)
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 | 2.04 | 2.02 | 2.05 | 2.13 | 2.21 | 2.33 | 2.56 | 2.52 | 2.42 | 2.10 | 1.99 | 1.91 | 1.87 | 1.88 | 1.88 | 1.84 | 1.82 | 1.77 | 1.73 | 1.77 |
Qualys Inc's solvency ratios indicate a strong financial position with no significant debt obligations relative to its total assets, capital, and equity. The Debt-to-assets ratio has consistently remained at 0.00 over the years, indicating that the company has not relied on debt to finance its assets.
Similarly, the Debt-to-capital ratio and Debt-to-equity ratio have consistently been at 0.00, further emphasizing Qualys Inc's low dependence on debt for capital structure. This suggests that the company mainly operates using its equity rather than borrowing.
The Financial Leverage Ratio has shown an increasing trend from 1.77 in March 2020 to 2.04 in December 2024. While this ratio has increased over time, it is still within a reasonable range and not alarmingly high. This increase may indicate that the company has been gradually increasing its leverage to support growth opportunities or strategic initiatives.
Overall, Qualys Inc's solvency ratios reflect a healthy financial position with minimal debt levels and a manageable financial leverage ratio, which suggests that the company is in a stable position to meet its financial obligations and invest in future growth.
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 | — | 82.19 | 81.56 | 79.16 | 37.38 | 29.82 | 21.28 | 16.45 | 20.85 | 41.09 | 87.42 | 237.40 | 11,023.12 | 9,359.22 | 7,855.90 | 7,470.50 | 10,815.44 | 7,796.00 | 2,302.51 | 1,199.97 |
Qualys Inc's interest coverage ratio provides insight into the company's ability to meet its interest obligations with its operating income. The trend in Qualys Inc's interest coverage ratio shows a significant improvement from March 31, 2020, to December 31, 2021, with values increasing steadily. This indicates that the company's operating income was sufficient to cover its interest expenses during this period.
However, starting from March 31, 2022, there is a sharp decline in the interest coverage ratio, dropping to 237.40 and further decreasing over the following quarters. By December 31, 2024, the interest coverage ratio is unspecified, which may imply a negative value or extremely low coverage.
The declining trend in interest coverage from 2022 to 2024 raises concerns about the company's ability to service its debt obligations using its operating income. It suggests that Qualys Inc may be experiencing challenges that affect its profitability and ability to generate enough earnings to cover interest expenses comfortably.
Investors and creditors closely monitor the interest coverage ratio as it reflects the financial health and risk profile of a company. A decreasing interest coverage ratio could indicate financial distress and may prompt stakeholders to reevaluate their investment or lending decisions with Qualys Inc.