SanDisk Corp (SNDK)
Solvency ratios
| Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.78 | 1.61 | 1.61 | 1.63 | 1.59 | 1.55 | 1.52 | 1.47 | 1.46 | 1.51 | 1.35 | 1.31 | 1.42 | 1.42 | 1.43 | 1.43 | 1.42 | 1.52 | 1.47 | 1.49 |
Based on the provided data for SanDisk Corp, we can observe the following trends in the solvency ratios:
1. Debt-to-assets ratio: The debt-to-assets ratio for SanDisk Corp remained consistently at 0.00 over the period from June 30, 2011, to March 31, 2016. This indicates that the company did not have any debt in relation to its total assets during this period.
2. Debt-to-capital ratio: Similarly, the debt-to-capital ratio also remained constant at 0.00 throughout the same period. This implies that SanDisk Corp did not utilize any debt relative to its total capital structure during these quarters.
3. Debt-to-equity ratio: The debt-to-equity ratio of SanDisk Corp also stood at 0.00 across all the quarters from June 30, 2011, to March 31, 2016. This suggests that the company did not rely on debt to finance its operations in comparison to its equity.
4. Financial leverage ratio: The financial leverage ratio, which reflects the proportion of a company's assets that are financed by debt, exhibited some fluctuations over the period analyzed. Starting at 1.49 on June 30, 2011, the ratio fluctuated between 1.31 and 1.78 by March 31, 2016. These variations indicate some changes in the company's leverage and capital structure over time.
In conclusion, based on the solvency ratios provided, SanDisk Corp appears to have maintained a debt-free capital structure with no debt burden on its assets or equity during the analyzed period. However, the fluctuating financial leverage ratio suggests some changes in the company's debt usage and financial risk management strategies over the quarters.
Coverage ratios
| Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 42.32 | 13.44 | 9.97 | 8.96 | 9.75 | 13.17 | 15.58 | 18.25 | 19.14 | 16.57 | 13.65 | 9.27 | 5.72 | 5.24 | 2.57 | 4.61 | 7.39 | 8.58 | 8.44 | 9.53 |
SanDisk Corp's interest coverage ratio fluctuated over the period analyzed. The interest coverage ratio measures the company's ability to meet its interest payments on outstanding debt.
From June 30, 2011, to September 30, 2012, the interest coverage ratio declined from 9.53 to 2.57, indicating a potential decrease in the company's ability to cover its interest expenses with operating income.
However, starting from September 30, 2013, the interest coverage ratio saw a significant improvement and consistently increased through March 31, 2016. This improvement suggests that SanDisk Corp was in a stronger position to cover its interest obligations as its operating income grew relative to its interest expenses.
The peak interest coverage ratio of 42.32 on March 31, 2016, indicates a robust ability to meet interest payments. Overall, the trend in the interest coverage ratio reflects fluctuations in the company's financial performance and its ability to manage its debt obligations effectively over the period under review.