Resideo Technologies Inc (REZI)
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 | 2.48 | 2.43 | 2.42 | 2.35 | 2.42 | 2.44 | 2.44 | 2.46 | 2.53 | 2.61 | 2.64 | 2.65 | 2.60 | 2.70 | 2.72 | 2.74 | 2.81 | 3.28 | 3.46 | 3.48 |
Based on the provided solvency ratios of Resideo Technologies Inc, the company seems to have a very strong financial position in terms of its solvency. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have consistently remained at 0.00 over the past few years, indicating that the company has no debt relative to its total assets, capital, or equity. This suggests that Resideo Technologies Inc is not heavily reliant on debt to finance its operations and investments, which is a positive sign for investors and creditors.
The financial leverage ratio, which measures the company's ability to meet its financial obligations, has been decreasing steadily from 3.48 in March 2020 to 2.48 in December 2024. A declining trend in this ratio indicates that the company is becoming less reliant on debt financing compared to its equity, which is a positive indicator of financial stability and lower financial risk.
Overall, based on the solvency ratios presented, Resideo Technologies Inc appears to be in a strong financial position with a healthy balance sheet and low financial leverage. This indicates that the company has a stable capital structure and is well-equipped to meet its financial obligations in the long term.
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 | 5.06 | 7.07 | 9.68 | 9.72 | 9.06 | 8.90 | 8.50 | 9.37 | 10.36 | 10.63 | 12.46 | 10.98 | 9.56 | 10.51 | 8.77 | 5.71 | 3.86 | 7.97 | 6.70 | 7.30 |
Resideo Technologies Inc's interest coverage ratio has shown some fluctuations over the past few years. The interest coverage ratio measures the company's ability to meet its interest payments on outstanding debt.
Looking at the data provided, we can see that the interest coverage ratio ranged from a low of 3.86 as of December 31, 2020, to a high of 12.46 as of June 30, 2022. Generally, a higher interest coverage ratio indicates that the company is in a better position to meet its interest obligations.
It's worth noting that the interest coverage ratio improved significantly from the low point in December 2020 to reach a peak in June 2022. However, there have been some fluctuations since then, with the ratio moderating to around 7.07 as of September 30, 2024.
Overall, Resideo Technologies Inc's interest coverage ratio has shown some volatility but has generally been at levels that suggest the company has been able to comfortably meet its interest payments during this period.