Republic Services Inc (RSG)
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 | 2.84 | 2.98 | 3.00 | 2.78 | 2.76 |
Republic Services Inc has maintained a consistently low level of debt relative to its assets, capital, and equity over the past five years, with all debt ratios showing a value of 0.00 as at the end of each year from 2020 to 2024. This indicates that the company has effectively managed its debt levels to a point where they are negligible compared to its total assets, capital, and equity.
Despite the low debt ratios, the financial leverage ratio has shown a slight increase from 2.76 in 2020 to 3.00 in 2022, before decreasing to 2.84 in 2024. This suggests that the company has utilized debt to finance its operations and investments, leading to a higher level of financial leverage in 2022. However, the subsequent decrease in leverage ratio indicates a potential adjustment or reduction in financial leverage in the following years.
Overall, the solvency ratios for Republic Services Inc demonstrate a strong financial position with minimal reliance on debt to support its operations and capital structure, coupled with a manageable level of financial leverage over the analyzed period.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 5.51 | 5.35 | 5.61 | 6.73 | 5.18 |
The interest coverage ratio of Republic Services Inc has shown a generally positive trend over the past five years. Starting at 5.18 in December 31, 2020, it increased to 6.73 by December 31, 2021, indicating the company's improved ability to cover its interest expenses with operating profits. However, there was a slight decline in the ratio to 5.61 by December 31, 2022, followed by a further decrease to 5.35 by December 31, 2023. Despite these decreases, the interest coverage ratio remained above 5 during these years, which is usually considered a healthy level. Finally, by December 31, 2024, the ratio had improved slightly to 5.51. Overall, the company's interest coverage ratios suggest that it has generally been able to comfortably meet its interest obligations with its operating income over the period in review.