Repligen Corporation (RGEN)
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 | 1.40 | 1.40 | 1.44 | 1.45 | 1.43 | 5.41 | 5.71 | 5.96 | 6.35 | 1.34 | 1.35 | 1.35 | 1.35 | 1.31 | 15.34 | 20.24 | 28.93 | 1.31 | 1.31 | 1.31 |
Repligen Corporation's solvency ratios indicate a strong financial position with consistently low levels of debt in relation to its assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all remained at 0.00 over the past few years, signaling that the company is not heavily reliant on debt financing to support its operations.
The Financial leverage ratio, which measures the proportion of a company's total assets that is financed by debt, shows some fluctuations but generally remains at low levels. The ratio spiked to 28.93 in December 2020 but quickly decreased to more sustainable levels in the subsequent periods. Overall, the downward trend in the Financial leverage ratio indicates that Repligen has been effectively managing its debt levels and maintaining a healthy balance between debt and equity in its capital structure. This conservative approach to leverage suggests that the company is prioritizing financial stability and minimizing the risks associated with excessive debt.
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 | 1.55 | 0.81 | 1.49 | 2.87 | 7.92 | 110.59 | 138.02 | 169.17 | 187.57 | 48.92 | 27.95 | 18.95 | 13.08 | 11.96 | 10.24 | 8.08 | 6.16 | 4.87 | 3.86 | 3.63 |
Repligen Corporation's interest coverage ratio has shown a consistently improving trend over the analyzed period, indicating the company's ability to comfortably meet its interest obligations. The interest coverage ratio, which measures the company's ability to pay interest expenses on its outstanding debt, increased from 3.63 on March 31, 2020, to a peak of 187.57 on December 31, 2022.
The significant improvement in the interest coverage ratio reflects Repligen Corporation's increasing earnings relative to its interest expenses, indicating a strengthening financial position. However, it is worth noting a sharp decline in the interest coverage ratio from December 31, 2022, to March 31, 2023, possibly indicating a temporary setback or a change in the company's financial structure during that period.
Despite the temporary decline, the interest coverage ratio recovered in subsequent periods, stabilizing at a healthier level by the end of the analyzed period on December 31, 2024, with an interest coverage ratio of 1.55. It is essential for investors and stakeholders to monitor the interest coverage ratio closely to assess Repligen Corporation's ability to service its debt obligations and manage financial risks effectively.