Sturm Ruger & Company Inc (RGR)
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 | 0.00 | 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 | 1.20 | 1.19 | 1.19 | 1.21 | 1.53 | 1.16 | 1.15 | 1.18 | 1.22 | 1.24 | 1.25 | 1.26 | 1.32 | 1.29 | 1.25 | 1.22 | 1.22 | 1.18 | 1.16 | 1.21 |
Sturm, Ruger & Co., Inc. has consistently maintained a strong solvency position, as indicated by its solvency ratios over the specified periods. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all consistently remained at 0.00, suggesting that the company operates with minimal debt relative to its total assets, capital, and equity.
However, it is important to note that the financial leverage ratio has shown some variability over time. The financial leverage ratio peaked at 1.53 in Q4 2022 but has since decreased and fluctuated between 1.15 and 1.21 in the subsequent quarters. This indicates that the company's reliance on debt to finance its operations has moderated, potentially due to changes in borrowing practices or capital structure adjustments.
Overall, the stable and low debt-related ratios coupled with the fluctuating financial leverage ratio suggest that Sturm, Ruger & Co., Inc. has been effectively managing its solvency risk and maintaining a healthy balance between debt and equity financing.
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 | 287.95 | 301.35 | 420.49 | 460.22 | 423.96 | 590.15 | 631.53 | 769.31 | 1,116.13 | 1,060.59 | 987.22 | 790.27 | 623.81 | 400.59 | 309.04 | 225.57 | 205.07 | 141.15 | 159.52 | 197.16 |
The interest coverage ratio for Sturm, Ruger & Co., Inc. is not available for Q4 2023, Q3 2023, Q2 2023, and Q1 2023 based on the table provided. However, in Q1 2022, the interest coverage ratio was very strong at 1,201.14. This indicates that the company's operating income was 1,201.14 times its interest expenses for that period. A high interest coverage ratio suggests that the company is comfortably able to meet its interest obligations, indicating financial stability and a lower risk of default on its debt. It is important to note that a lack of information for the other quarters in 2023 limits the ability to analyze trends and assess the current financial health of the company with respect to its ability to cover interest expenses.