Shenandoah Telecommunications Co (SHEN)
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 | 1.89 | 1.83 | 1.78 | 1.66 | 1.86 | 1.62 | 1.58 | 1.57 | 1.53 | 1.44 | 1.39 | 1.37 | 1.39 | 1.99 | 3.08 | 3.28 | 3.49 | 3.65 | 3.68 | 3.85 |
The solvency ratios of Shenandoah Telecommunications Co indicate a strong financial position with consistently low debt levels relative to its assets, capital, and equity. The Debt-to-Assets ratio, Debt-to-Capital ratio, and Debt-to-Equity ratio have remained at 0.00 throughout the reported periods. This signifies that the company has not relied heavily on borrowed funds to finance its operations and investments.
The Financial Leverage ratio has shown a declining trend over the years, decreasing from 3.85 in March 2020 to 1.89 in December 2024. This reduction indicates a decreasing reliance on debt financing and a strengthening of the company's financial structure. A lower financial leverage ratio suggests lower financial risk and greater financial stability for the company.
Overall, the solvency ratios of Shenandoah Telecommunications Co reflect a solid financial foundation with a conservative debt management approach, which is a positive sign for investors and creditors alike.
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 | -1.39 | -1.18 | -0.93 | 0.94 | 2.94 | 0.47 | 0.18 | 0.06 | -0.08 | -0.11 | 0.13 | 0.69 | 1.58 | — | — | 5.76 | 3.24 | 3.24 | 0.38 | 2.16 |
The interest coverage ratio measures a company's ability to cover its interest expenses with its operating income. Looking at the interest coverage trend of Shenandoah Telecommunications Co over the past several quarters, we observe fluctuations and a declining pattern.
As of December 31, 2024, the interest coverage ratio stood at -1.39, indicating that the company's operating income was insufficient to cover its interest expenses by a significant margin. This negative ratio suggests financial distress, as the company is struggling to generate enough earnings to meet its interest obligations.
It is worth noting that the interest coverage ratio has been fluctuating widely in recent quarters, with values as low as -1.18 in September 30, 2024, and as high as 5.76 in March 31, 2021. This volatility could indicate variability in the company's operating performance and financial stability.
Overall, the declining trend and negative values of the interest coverage ratio for Shenandoah Telecommunications Co raise concerns about its financial health and ability to service its debt obligations in the long term. Investors and stakeholders may need to carefully monitor the company's financial metrics and debt repayment capability.