Republic Services Inc (RSG)
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 | 0.00 | 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 | 2.84 | 2.83 | 2.90 | 2.90 | 2.98 | 2.91 | 2.92 | 2.93 | 3.00 | 2.99 | 3.06 | 2.77 | 2.78 | 2.75 | 2.73 | 2.69 | 2.76 | 2.76 | 2.77 | 2.82 |
Republic Services Inc has consistently maintained a strong solvency position over the years, as indicated by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios, all of which have been reported as 0.00 from March 2020 to December 2024. This suggests that the company has very little debt relative to its total assets, capital, and equity.
The financial leverage ratio, which indicates the proportion of the company's assets that are financed by debt, has shown some fluctuation but generally remained at reasonable levels. The ratio decreased from 2.82 in March 2020 to 2.69 in March 2021, before increasing slightly and then stabilizing around 2.90 in the most recent quarters.
Overall, Republic Services Inc's solvency ratios reflect a conservative capital structure and a healthy balance sheet, indicating the company's ability to meet its financial obligations and maintain financial stability.
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 | 5.58 | 5.42 | 5.45 | 5.33 | 5.30 | 5.29 | 5.42 | 5.42 | 5.80 | 5.96 | 6.13 | 6.33 | 6.18 | 6.02 | 5.56 | 5.04 | 4.59 | 4.65 | 4.44 | 4.38 |
Republic Services Inc's interest coverage ratio has shown a generally positive trend over the period from March 31, 2020, to December 31, 2024. The interest coverage ratio measures the company's ability to cover its interest expenses with its operating income.
The interest coverage ratio increased from 4.38 on March 31, 2020, to 5.58 on December 31, 2024. This indicates that the company's ability to cover its interest expenses improved over this period. However, there were fluctuations in the ratio during the interim periods.
The ratio peaked at 6.33 on March 31, 2022, before experiencing a slight decline and then stabilizing around the 5.3 to 5.6 range from June 30, 2023, to December 31, 2024. Overall, the upward trend in the interest coverage ratio suggests that Republic Services Inc's operating income is sufficient to cover its interest expenses, reflecting a positive financial health in terms of debt repayment capacity.