Somnigroup International Inc. (SGI)
Solvency ratios
| 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 | Dec 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 | 0.49 |
| 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 | 0.81 |
| 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 | 4.18 |
| Financial leverage ratio | 7.97 | 10.88 | 13.67 | 13.66 | 20.32 | 30.99 | 104.06 | — | — | — | — | 15.13 | 12.04 | 7.99 | 10.83 | 6.57 | 7.57 | 12.82 | 15.86 | 8.52 |
Somnigroup International Inc.'s solvency ratios indicate a strong financial position with low levels of debt relative to its assets and capital. The Debt-to-assets ratio has consistently remained at 0.00 since March 2020, showing that the company has no long-term debt in relation to its total assets. This signifies a low risk of insolvency and good financial stability.
Similarly, the Debt-to-capital ratio has been 0.00 since March 2020, indicating that the company's total debt is negligible compared to its total capital. This demonstrates that Somnigroup has a low reliance on borrowed funds to finance its operations.
The Debt-to-equity ratio has also been consistently at 0.00 since March 2020, reflecting that the company's equity financing exceeds its debt level. This is a positive sign of financial health and indicates a strong equity base to support business operations.
The Financial leverage ratio, albeit showing some fluctuation in the past, has decreased significantly from 104.06 in March 2023 to 7.97 in September 2024. This trend suggests that the company has reduced its reliance on debt financing and improved its financial leverage over time.
Overall, Somnigroup International Inc.'s solvency ratios demonstrate a conservative financial structure with minimal debt levels and strong solvency, indicating a healthy and sustainable financial position.
Coverage ratios
| 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 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 18.09 | 9.03 | 4.38 | 4.52 | 4.81 | 5.18 | 5.49 | 6.58 | 8.53 | 10.59 | 11.96 | 13.41 | 13.41 | 11.12 | 8.81 | 6.86 | 5.19 | 4.39 | 4.61 | 4.08 |
Somnigroup International Inc.'s interest coverage ratio has shown fluctuations over the periods provided. The interest coverage ratio is used to assess a company's ability to meet its interest payments on outstanding debt.
From December 31, 2019, to September 30, 2021, the interest coverage ratio demonstrated a positive trend, increasing steadily from 4.08 to 13.41. This upward pattern indicates an improvement in the company's ability to cover its interest expenses with its operating income.
However, from December 31, 2021, to June 30, 2024, there was some volatility in the interest coverage ratio. It peaked at 18.09 on September 30, 2024, which may suggest a temporary improvement in the company's ability to cover its interest expenses.
Overall, it is important for shareholders and investors to closely monitor the interest coverage ratio of Somnigroup International Inc. as it provides valuable insights into the company's financial health and its capacity to manage its debt obligations.