Standard Motor Products Inc (SMP)
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 | 2.95 | 2.11 | 2.15 | 2.11 | 2.04 | 2.07 | 2.07 | 2.12 | 2.06 | 2.20 | 2.21 | 2.14 | 1.99 | 2.04 | 1.98 | 1.75 | 1.74 | 1.75 | 1.85 | 1.89 |
Standard Motor Products Inc has consistently maintained a strong solvency position based on its solvency ratios. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all remained at 0.00 over the past several years, indicating that the company has not relied heavily on debt to finance its operations and has a substantial asset base that is not overly encumbered by debt.
Additionally, the financial leverage ratio for Standard Motor Products Inc has shown some fluctuation but has generally remained within a reasonable range. The ratio increased from 1.89 in March 2020 to a peak of 2.95 in December 2024. While this indicates a slight increase in financial leverage over the years, the ratio has not reached a concerning level and suggests that the company's operations have been adequately supported by its equity and debt financing.
Overall, the solvency ratios demonstrate that Standard Motor Products Inc has a solid financial foundation and is effectively managing its debt levels to maintain a healthy balance sheet structure.
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 | 8.14 | 10.80 | 11.33 | 10.71 | 9.71 | 8.99 | 8.01 | 8.56 | 11.00 | 18.21 | 33.73 | 51.59 | 66.51 | 88.92 | 108.32 | 79.09 | 49.91 | 33.57 | 20.15 | 19.46 |
Standard Motor Products Inc's interest coverage ratio has shown fluctuations over the past few years. The interest coverage ratio measures the company's ability to cover its interest expenses with its earnings before interest and taxes (EBIT).
From March 31, 2020, to December 31, 2021, the interest coverage ratio steadily increased from 19.46 to 66.51, indicating an improvement in the company's ability to pay its interest obligations. This trend suggests that the company's EBIT was more than sufficient to cover its interest expenses during this period.
However, from March 31, 2022, the interest coverage ratio started declining, reaching a low of 8.01 on June 30, 2023. This sharp decrease may raise concerns about the company's ability to meet its interest payments comfortably with its operating income.
The interest coverage ratio slightly increased in the following periods but remained relatively low, hovering around 10.71 by March 31, 2024. This indicates that the company may still face challenges in managing its debt and interest obligations efficiently.
Overall, Standard Motor Products Inc's interest coverage ratio has exhibited volatility, with periods of improvement followed by declines. Investors and creditors may need to monitor this ratio closely to assess the company's financial health and ability to service its debt effectively.