Revvity Inc. (RVTY)

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	Jul 5, 2020	Apr 5, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Debt-to-assets ratio	0.23	0.23	0.27	0.27	0.28	0.28	0.32	0.33	0.33	0.34	0.27	0.25	0.20	0.22	0.24	0.31	0.32	0.27	0.33	0.30
Debt-to-capital ratio	0.29	0.29	0.33	0.33	0.35	0.36	0.38	0.40	0.41	0.42	0.36	0.36	0.30	0.32	0.35	0.42	0.42	0.39	0.44	0.41
Debt-to-equity ratio	0.40	0.41	0.49	0.48	0.53	0.55	0.63	0.68	0.70	0.73	0.55	0.55	0.43	0.46	0.55	0.73	0.73	0.65	0.78	0.70
Financial leverage ratio	1.72	1.74	1.81	1.82	1.91	1.96	1.98	2.07	2.10	2.14	2.06	2.19	2.13	2.12	2.24	2.31	2.32	2.40	2.36	2.31

The solvency ratios of Revvity Inc. indicate the company's ability to meet its long-term debt obligations.

1. Debt-to-assets ratio: This ratio has been relatively stable, ranging from 0.29 to 0.33 over the past eight quarters. It suggests that Revvity Inc. finances about 29% to 33% of its assets through debt, indicating a moderate level of leverage.

2. Debt-to-capital ratio: The trend in this ratio has been increasing, moving from 0.33 to 0.40 over the same period. This indicates that a growing proportion of Revvity Inc.'s capital structure is comprised of debt, which may potentially increase financial risk.

3. Debt-to-equity ratio: There is a noticeable increase in this ratio from 0.50 to 0.68 over the past two years. This suggests that Revvity Inc. has been relying more on debt rather than equity to finance its operations, which could make the company more vulnerable to economic downturns or changes in interest rates.

4. Financial leverage ratio: The financial leverage ratio has also been trending upwards from 1.72 to 2.07 over the same period. This indicates that Revvity Inc. has been using more debt to finance its operations, resulting in a higher level of financial leverage and potentially magnifying returns for shareholders but also increasing financial risk.

Overall, Revvity Inc. has been gradually increasing its reliance on debt to finance its operations, as evidenced by the rising trends in the debt-based solvency ratios. This suggests that while the company may be seeking to optimize its capital structure, it also faces an increasing level of financial risk associated with higher leverage levels.

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	Jul 5, 2020	Apr 5, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Interest coverage	8.11	8.91	9.60	11.28	7.30	8.44	7.86	9.34	13.08	17.42	28.19	27.77	19.05	10.63	6.87	4.82	4.72	4.84	5.05	5.09

Interest coverage is a financial ratio that indicates a company's ability to meet its interest obligations on outstanding debt. A higher interest coverage ratio suggests a stronger ability to cover interest expenses from operating profits.

Analyzing Revvity Inc.'s interest coverage over the past eight quarters, we observe fluctuations in the ratio. In Q4 2023, the interest coverage ratio was 11.26, which represents the company's ability to cover its interest payments approximately 11 times using its operating income. This is a positive sign, indicating a comfortable buffer to meet interest payments.

Comparing Q4 2023 to previous quarters, we note a general trend of fluctuation in the interest coverage ratio. Q3 2023 saw a slight decrease to 7.77, followed by Q2 2023 at 5.66, and Q1 2023 at 6.12. These lower ratios may raise concerns about the company's ability to cover interest expenses adequately during those periods.

Looking further back to Q4 2022, the interest coverage ratio was 7.40, indicating a slightly weaker ability to cover interest payments compared to Q4 2023. However, there was an increase in Q3 2022 and Q2 2022, with ratios of 9.02 and 8.62 respectively, showing a relatively stronger interest coverage during that time.

Overall, Revvity Inc.'s interest coverage ratio has shown variability over the past eight quarters, with some quarters demonstrating better ability to cover interest expenses than others. It is essential for investors and stakeholders to closely monitor this ratio to assess the company's financial health and its ability to manage its debt obligations effectively.