Gibraltar Industries Inc (ROCK)
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 | 0.01 | 0.04 | 0.07 | 0.09 | 0.07 | 0.03 | 0.02 | 0.05 | 0.03 | 0.05 | 0.07 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.06 | 0.10 | 0.13 | 0.10 | 0.05 | 0.03 | 0.07 | 0.04 | 0.07 | 0.10 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.06 | 0.11 | 0.14 | 0.11 | 0.05 | 0.03 | 0.07 | 0.04 | 0.08 | 0.12 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.35 | 1.42 | 1.41 | 1.40 | 1.37 | 1.45 | 1.46 | 1.45 | 1.47 | 1.57 | 1.59 | 1.48 | 1.47 | 1.51 | 1.51 | 1.52 | 1.63 | 1.48 | 1.46 | 1.45 |
The solvency ratios for Gibraltar Industries Inc indicate the company's ability to meet its long-term debt obligations.
1. Debt-to-assets ratio: This ratio measures the proportion of total assets financed by debt. Gibraltar Industries' debt-to-assets ratio has been consistently low, ranging from 0.00% to 0.09% over the past five years, indicating a strong financial position with minimal reliance on debt to fund its assets.
2. Debt-to-capital ratio: This ratio signifies the extent of a company's capital structure that is funded by debt. The debt-to-capital ratio for Gibraltar Industries has also been relatively stable and low, fluctuating between 0.00% and 0.13% during the same period. This suggests that the company's capital structure is primarily supported by equity, minimizing financial risk associated with high debt levels.
3. Debt-to-equity ratio: The debt-to-equity ratio compares a company's total debt to its shareholders' equity. Similar to the previous ratios, Gibraltar Industries' debt-to-equity ratio has consistently remained low, varying between 0.00% and 0.14% over the analyzed period. This implies that the company has a healthy balance between debt and equity financing, with a lower reliance on debt to fund its operations.
4. Financial leverage ratio: This ratio measures the company's financial leverage and indicates the proportion of assets that are financed by debt. Gibraltar Industries' financial leverage ratio has shown a slight decrease from 1.45 to 1.35 over the past five years, reflecting a prudent approach towards debt management and a gradual reduction in financial risk.
Overall, based on the solvency ratios analyzed, Gibraltar Industries Inc appears to have a strong and stable financial position with minimal debt levels relative to its assets, capital, and equity. This indicates a healthy capital structure and suggests that the company is well-equipped to meet its long-term financial obligations.
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 | 23.18 | 32.64 | 53.02 | 56.93 | 43.94 | 28.97 | 24.75 | 27.37 | 32.15 | 46.65 | 54.57 | 62.72 | 59.18 | 70.04 | 88.07 | 89.81 | 134.49 | 183.36 | 257.01 | 242.57 |
The interest coverage ratio for Gibraltar Industries Inc has fluctuated over the past few years, indicating varying levels of the company's ability to cover its interest expenses with operating income.
The interest coverage ratio was exceptionally high in the first half of 2020, averaging around 250, suggesting a strong ability to meet its interest obligations comfortably. However, the ratio started to decrease towards the end of 2020, dropping to around 90 by March 2021 and continued to decline over the next few quarters.
As of December 31, 2024, the interest coverage ratio stands at 23.18, indicating a significant decrease in the company's ability to cover interest expenses with operating income compared to previous periods. This downward trend in the interest coverage ratio may raise concerns about the company's financial health and its ability to meet debt obligations in the future.
Overall, the declining trend in Gibraltar Industries Inc's interest coverage ratio highlights the importance of monitoring the company's financial performance closely, particularly in managing its debt and interest costs to ensure long-term sustainability.