EchoStar Corporation (SATS)
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 | 3.02 | 2.96 | 2.82 | 2.81 | 2.87 | 1.74 | 1.75 | 1.75 | 1.77 | 1.78 | 1.80 | 1.79 | 1.80 | 1.79 | 1.77 | 1.99 | 2.00 | 1.98 | 1.98 | 1.96 |
EchoStar Corporation's solvency ratios indicate a strong financial position with consistently low levels of debt relative to assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been consistently at 0.00 over the period from March 2020 to December 2024, indicating that the company operates with no significant debt obligations in relation to its total assets, capital, or shareholder equity.
Furthermore, the Financial Leverage Ratio, which measures the company's use of debt in its capital structure, has shown a declining trend from 1.96 in March 2020 to 3.02 in December 2024. While the ratio has increased slightly towards the end of the period, it is still at a moderate level, indicating that the company has a healthy balance between debt and equity financing.
Overall, EchoStar Corporation's solvency ratios suggest a conservative approach to managing its capital structure, with a minimal reliance on debt and a strong capacity to meet its financial obligations.
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 | 0.84 | -7.05 | -8.53 | -10.56 | -19.85 | 4.43 | 4.93 | 4.48 | 4.18 | 3.50 | 3.51 | 2.80 | 2.09 | 1.71 | 1.25 | 1.06 | 0.99 | 0.81 | 0.67 | 0.63 |
The interest coverage ratio of EchoStar Corporation has shown significant fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at a low of 0.63 in March 2020 and gradually improved to a peak of 4.93 in June 30, 2023. This indicates the company's ability to meet its interest obligations from its operating income.
However, in the subsequent quarters, the interest coverage ratio experienced a decline, reaching negative values in the last quarter of 2023 and the first two quarters of 2024. A negative interest coverage ratio implies that the company's earnings are not sufficient to cover its interest expenses, raising concerns about its financial health and ability to service its debt.
It is noteworthy that the interest coverage ratio improved slightly to 0.84 by December 31, 2024. This improvement may suggest that EchoStar Corporation has taken steps to address its interest coverage challenges. Overall, monitoring the trend of the interest coverage ratio is crucial for investors and creditors to assess the company's financial stability and debt servicing capability.