Repligen Corporation (RGEN)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.18 | 0.00 | 0.00 | 0.13 | 0.17 |
| Debt-to-capital ratio | 0.21 | 0.00 | 0.00 | 0.14 | 0.18 |
| Debt-to-equity ratio | 0.26 | 0.00 | 0.00 | 0.16 | 0.22 |
| Financial leverage ratio | 1.43 | 1.32 | 1.35 | 1.24 | 1.32 |
The solvency ratios of Repligen Corp. over the past five years indicate a consistent and favorable trend in terms of its ability to meet its financial obligations. The debt-to-assets ratio has ranged from 0.11 to 0.21 during this period, suggesting that the company has been effectively managing its debt levels relative to its total assets.
Similarly, the debt-to-capital and debt-to-equity ratios have shown a declining trend from 2020 to 2023, indicating that Repligen Corp. has been relying less on debt financing and increasing its equity base. This shift reflects a healthier financial structure, as lower debt ratios generally indicate lower financial risk and higher solvency.
Furthermore, the financial leverage ratio has fluctuated between 1.24 to 1.43, with a slight increase in 2023 compared to the previous year. While this ratio measures the company's reliance on debt to finance its operations, the overall trend suggests that Repligen Corp. has maintained a stable financial leverage position over the years.
In conclusion, based on the solvency ratios analysis, Repligen Corp. appears to have a strong financial position with a conservative debt structure and adequate capacity to meet its financial obligations.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | 33.87 | 189.59 | 14.61 | 6.50 | 3.81 |
Repligen Corp.'s interest coverage ratio has shown fluctuations over the past five years. In 2023, the interest coverage ratio was 12.30, indicating that the company generated operating income 12.30 times greater than its interest expenses for the year. This represents a decline from the exceptionally high interest coverage ratio of 168.62 in 2022.
Despite the decrease in 2023, Repligen Corp.'s interest coverage ratio remains at a healthy level above 5, suggesting that the company continues to comfortably meet its interest payment obligations. The significant fluctuations in the interest coverage ratio over the years may reflect changes in the company's operating performance and financial leverage.
Overall, a higher interest coverage ratio indicates a company's better ability to cover its interest expense, while a lower ratio may indicate potential difficulties in meeting interest obligations. Repligen Corp. should continue to monitor its interest coverage ratio to ensure financial stability and effective management of debt obligations.