Sitime Corporation (SITM)
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 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| Financial leverage ratio | 1.34 | 1.05 | 1.05 | 1.05 | 1.06 | 1.06 | 1.08 | 1.07 | 1.07 | 1.13 | 1.10 | 1.10 | 1.24 | 1.24 | 1.56 | 2.21 | 1.99 |
SiTime Corp's solvency ratios provide insights into the company's ability to meet its long-term financial obligations and the level of financial risk it carries.
Based on the data provided, SiTime Corp has consistently maintained a debt-free status, as the debt-to-assets, debt-to-capital, and debt-to-equity ratios are all at 0.00 throughout the past eight quarters. This indicates that the company funds its operations primarily through equity and has not relied on debt to finance its activities.
The financial leverage ratio, which measures the proportion of a company's assets that are financed by debt, fluctuates slightly but generally stays around 1.05 to 1.08 over the same period. This suggests that while SiTime Corp has a relatively low level of debt compared to its equity, there is a slight increase in leverage over time. However, the overall level of leverage remains relatively moderate, indicating a manageable financial risk.
In summary, SiTime Corp's solvency ratios reflect a strong financial position with a conservative capital structure and low debt levels. The company's ability to maintain a debt-free status and manage its leverage ratio indicates a stable and sustainable financial standing.
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -9.36 | -9.47 | -4.93 | -0.98 | 2.40 | 12.21 | 55.30 | 286.41 | — | — | 0.20 | -17.36 | -11.91 | -8.59 |
I'm sorry, but the given table does not provide any data on interest coverage for SiTime Corp over the specified periods. Without this information, a detailed analysis of the interest coverage ratio for the company cannot be conducted. To perform a comprehensive analysis, the interest expense and earnings before interest and taxes (EBIT) data for the corresponding periods would be needed to calculate the interest coverage ratio. This ratio is essential for assessing a company's ability to cover its interest payments with operating income, indicating its financial stability and creditworthiness.