Robert Half International Inc (RHI)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.90 | 1.89 | 2.14 | 2.12 | 2.02 |
The solvency ratios of Robert Half Inc show consistent and predominantly healthy trends over the past five years. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all been consistently at 0.00 across the years, indicating that the company has essentially no debt in relation to its assets, capital, or equity. This reflects a strong financial position with minimal reliance on external borrowing to finance its operations.
The financial leverage ratio, on the other hand, has shown a slight increase over the years, from 1.90 in 2019 to 2.12 in 2020, before decreasing slightly to 1.90 in 2023. This ratio measures the extent to which the company's assets are financed through debt. While the increase in 2020 suggests a higher level of debt relative to equity and assets, the subsequent decrease indicates a reduction in this leverage, which can be a positive sign of improved financial stability.
Overall, the solvency ratios of Robert Half Inc suggest a conservative and low-debt financial structure, providing a solid foundation for the company's operations and growth prospects.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | — | 111.22 | 6.59 | 2.78 | 121.32 |
Based on the data provided, it seems that the interest coverage ratio for Robert Half Inc is not available for the years ending December 31, 2019 to December 31, 2023. The interest coverage ratio is a measure of a company's ability to meet its interest obligations with its operating income.
The absence of this ratio data may indicate that it was not specifically disclosed in the financial statements or was not calculated by the company during these periods. Without this information, it is challenging to assess the company's ability to cover its interest expenses using its operating earnings.
It is important to note that a healthy interest coverage ratio is typically considered to be above 1.5, as it indicates that the company is generating enough operating income to comfortably meet its interest payments. Investors and creditors often use this ratio to evaluate the financial risk associated with a company, so the lack of this data for Robert Half Inc may limit the ability to fully assess its financial health in terms of debt obligations.