Robert Half International Inc (RHI)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| 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 | 2.07 | 1.90 | 1.89 | 2.14 | 2.12 |
Robert Half International Inc's solvency ratios indicate a strong financial position with consistently low debt levels relative to assets, capital, and equity. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all remained at 0.00% from 2020 to 2024, suggesting that the company does not rely heavily on debt to finance its operations.
Furthermore, the financial leverage ratio, which measures the company's use of debt to finance its operations in relation to equity, has shown slight fluctuations over the years but has generally remained within a reasonable range. In 2022, the ratio decreased to 1.89 but increased slightly to 2.07 by 2024, indicating a moderate level of financial leverage.
Overall, these solvency ratios suggest that Robert Half International Inc has a solid financial foundation and is effectively managing its debt levels to support its operations and growth.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | — | — | 111.22 | 6.59 | 2.78 |
Interest coverage for Robert Half International Inc has shown a fluctuating trend over the years. In 2020, the interest coverage ratio was 2.78, indicating that the company's operating income was sufficient to cover its interest expense almost three times.
By the end of 2021, the interest coverage ratio improved significantly to 6.59, suggesting a stronger ability to meet interest obligations. This improvement could be attributed to increased profitability or lower interest expenses during the period.
In 2022, the interest coverage ratio spiked to 111.22, a substantial increase compared to the previous years. This exceptionally high ratio indicates a robust ability to cover interest payments with operating income, reflecting strong financial health and low risk of default.
Unfortunately, the data for 2023 and 2024 is not available (denoted by the symbol "—"), making it challenging to assess the company's interest coverage performance for those years. It is important for stakeholders to monitor future interest coverage ratios to evaluate the company's ability to manage its debt obligations effectively.