Republic Services Inc (RSG)
Solvency ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2.98 | 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 | 2.79 | 2.80 | 2.77 | 2.75 |
Solvency ratios provide insight into a company's ability to meet its long-term debt obligations. Looking at Republic Services, Inc.'s solvency ratios over the past eight quarters, we see consistency in their debt-to-assets ratio, staying around 0.40 to 0.42. This suggests that, on average, around 40-42% of Republic Services' assets are financed by debt.
The debt-to-capital ratio has been relatively stable, fluctuating between 0.54 and 0.56. This ratio indicates that, on average, approximately 54-56% of Republic Services' capital structure is funded by debt.
The debt-to-equity ratio has shown more variability, ranging from 1.07 to 1.29. This suggests that Republic Services has at times relied more heavily on debt to finance its operations compared to equity.
The financial leverage ratio, averaging around 2.90 to 3.00, indicates that the company has been using debt to amplify returns for shareholders. However, investors should note the increasing trend in the financial leverage ratio, which may indicate a higher level of financial risk and potential impact on profitability during unfavorable economic conditions.
Overall, Republic Services, Inc. has maintained relatively stable solvency ratios over the past eight quarters, indicating a balanced mix of debt and equity financing. Investors should continue to monitor these ratios to assess the company's ability to meet its long-term financial obligations.
Coverage ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 5.31 | 5.23 | 5.23 | 5.29 | 5.63 | 5.79 | 6.06 | 6.15 | 6.00 | 5.78 | 5.15 | 4.61 | 4.21 | 4.29 | 4.34 | 4.36 | 4.30 | 4.48 | 4.42 | 4.39 |
The interest coverage ratio measures a company's ability to meet its interest obligations on outstanding debt. Republic Services, Inc. has consistently maintained a strong interest coverage ratio over the past eight quarters, ranging from 5.32 to 6.27. This indicates that the company generates sufficient earnings to cover its interest expenses comfortably. The ratio peaked in Q2 2022 at 6.27 and has since shown a slight decline but remains above 5. A high interest coverage ratio suggests that Republic Services, Inc. faces lower financial risk due to its ability to easily make interest payments. Overall, the trend in the interest coverage ratio reflects the company's solid financial health and ability to manage its debt obligations effectively.