Repligen Corporation (RGEN)
Solvency ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.18 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 | 0.13 | 0.13 | 0.16 | 0.17 | 0.17 | 0.17 | 0.17 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.21 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 | 0.14 | 0.14 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.26 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.16 | 0.16 | 0.16 | 0.21 | 0.22 | 0.22 | 0.22 | 0.22 | 0.00 | 0.00 |
| Financial leverage ratio | 1.43 | 1.26 | 1.29 | 1.31 | 1.32 | 1.34 | 1.35 | 1.35 | 1.35 | 1.31 | 1.26 | 1.24 | 1.24 | 1.31 | 1.31 | 1.31 | 1.32 | 1.32 | 1.22 | 1.28 |
The solvency ratios of Repligen Corp. indicate the company's ability to meet its long-term financial obligations. The Debt-to-assets ratio has remained relatively stable around 0.11 to 0.21 over the past eight quarters, indicating that a significant portion of the company's assets are funded by debt.
The Debt-to-capital ratio and Debt-to-equity ratio show a similar trend, hovering between 0.13 to 0.29 and 0.11 to 0.16, respectively. These ratios suggest that Repligen Corp. has maintained a healthy balance between debt and equity in its capital structure.
The Financial leverage ratio, which measures the company's debt relative to its equity, has slightly increased from 1.26 in Q3 2022 to 1.43 in Q4 2023. This indicates that the company is relying more on debt financing compared to equity financing in recent quarters.
Overall, Repligen Corp. has managed its solvency well, maintaining a reasonable level of debt relative to its assets, capital, and equity. However, the slight increase in the Financial leverage ratio suggests a shift towards more debt financing, which should be monitored to ensure long-term sustainability.
Coverage ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 33.89 | 117.26 | 142.47 | 173.19 | 189.59 | 54.32 | 31.92 | 21.35 | 14.61 | 14.17 | 11.65 | 8.74 | 6.50 | 5.07 | 3.77 | 3.50 | 3.81 | 4.57 | 5.90 | 5.04 |
The interest coverage ratio of Repligen Corp. has shown a generally positive trend over the past eight quarters. The ratio increased from 19.63 in Q1 2022 to 149.86 in Q1 2023, indicating a significant improvement in the company's ability to cover its interest expenses with its operating profits.
Repligen Corp.'s interest coverage ratio peaked at 168.62 in Q4 2022, suggesting that the company had a strong ability to meet its interest obligations during that period. Although there was a slight dip in Q2 2023 to 118.77, the ratio remained at a healthy level, indicating a robust financial position.
Overall, the consistently high interest coverage ratios reflect Repligen Corp.'s financial stability and ability to generate sufficient operating income to cover its interest expenses comfortably. This trend bodes well for the company's financial health and ability to service its debt obligations in the future.