Science Applications International Corporation Common Stock (SAIC)
Solvency ratios
| Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.38 | 0.39 | 0.39 | 0.39 | 0.42 | 0.42 | 0.44 | 0.41 | 0.41 | 0.41 | 0.42 | 0.41 | 0.43 | 0.42 | 0.45 | 0.47 | 0.39 | 0.40 | 0.41 | 0.41 |
| Debt-to-capital ratio | 0.53 | 0.55 | 0.55 | 0.58 | 0.58 | 0.58 | 0.60 | 0.59 | 0.59 | 0.60 | 0.60 | 0.60 | 0.61 | 0.62 | 0.65 | 0.67 | 0.57 | 0.58 | 0.58 | 0.57 |
| Debt-to-equity ratio | 1.13 | 1.20 | 1.20 | 1.38 | 1.38 | 1.40 | 1.50 | 1.43 | 1.46 | 1.49 | 1.52 | 1.52 | 1.59 | 1.63 | 1.85 | 2.01 | 1.31 | 1.36 | 1.41 | 1.30 |
| Financial leverage ratio | 2.98 | 3.10 | 3.08 | 3.52 | 3.27 | 3.34 | 3.44 | 3.49 | 3.55 | 3.62 | 3.65 | 3.69 | 3.71 | 3.92 | 4.14 | 4.31 | 3.32 | 3.41 | 3.46 | 3.15 |
The solvency ratios of Science Applications International Corporation Common Stock indicate its ability to meet its long-term financial obligations and the extent of financial leverage employed. The debt-to-assets ratio has shown a fluctuating trend, hovering around 0.40. This ratio indicates that, on average, 40% of the company's assets are funded by debt, suggesting a moderate reliance on borrowing for assets.
The debt-to-capital ratio has shown a similar fluctuating trend, averaging around 0.58. This ratio indicates that, on average, 58% of the company's capital structure is funded by debt. A higher ratio suggests higher financial risk due to increased debt financing.
The debt-to-equity ratio has displayed an increasing trend over the periods, reaching 1.41. This trend suggests that the company is increasingly relying on debt financing relative to its shareholders' equity, indicating a higher level of financial risk and leverage.
The financial leverage ratio has also shown an increasing trend, reaching 3.46. This ratio indicates the extent to which the company is using debt to finance its operations. A higher ratio implies a higher proportion of debt in the company's capital structure, which can magnify both profits and losses.
Overall, the solvency ratios of Science Applications International Corporation Common Stock demonstrate a moderate level of reliance on debt financing, with a trend towards increased leverage over the periods analyzed. Investors and stakeholders should monitor these ratios to assess the company's ability to manage its debt levels and meet its financial obligations effectively.
Coverage ratios
| Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 106.86 | 6.05 | 5.98 | 4.18 | 4.10 | 4.04 | 4.05 | 4.30 | 4.39 | 4.58 | 4.29 | 3.79 | 3.20 | 3.23 | 3.39 | 3.70 | 4.16 | 3.48 | 3.49 | 3.79 |
The interest coverage of Science Applications International Corporation Common Stock has exhibited fluctuations over the past few years. The interest coverage ratio measures the company's ability to meet its interest obligations with its operating income.
From May 2019 to February 2023, the interest coverage ratio ranged between 3.48 and 4.18, indicating that the company was able to cover its interest expenses comfortably. However, there was a significant spike in the interest coverage ratio in February 2024 to 106.86, suggesting a substantial increase in the company's ability to cover its interest expenses compared to the previous periods.
It is essential to note that a higher interest coverage ratio signifies that the company is in a better position to meet its interest obligations. This increase in the ratio to 106.86 in February 2024 could indicate an improvement in the company's financial health and profitability.
Overall, the interest coverage ratio of Science Applications International Corporation Common Stock has shown variability over the analyzed period, with the most recent data indicating a significant improvement in the company's ability to cover its interest expenses.