SPS Commerce Inc (SPSC)
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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 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 | 0.00 |
| 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 | 1.23 | 1.26 | 1.22 | 1.23 | 1.25 | 1.25 | 1.25 | 1.25 | 1.27 | 1.26 | 1.26 | 1.25 | 1.25 | 1.23 | 1.24 | 1.24 | 1.26 | 1.24 | 1.24 | 1.23 |
SPS Commerce Inc.'s solvency ratios indicate a strong financial position with consistently low debt ratios across all quarters. The debt-to-assets, debt-to-capital, and debt-to-equity ratios are all at 0.00, reflecting a debt-free capital structure. This suggests that the company relies more on equity financing rather than debt to fund its operations and growth.
Additionally, the financial leverage ratio has been relatively stable around 1.25 across all quarters, indicating that the company's assets are primarily financed through equity rather than debt. A financial leverage ratio of 1.25 means that the company has $1.25 in assets for every $1 in equity, which is a healthy level of leverage.
Overall, the low debt ratios and stable financial leverage ratio suggest that SPS Commerce Inc. has a solid solvency position and should be well-positioned to meet its financial obligations in the long term.
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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | 154.15 | 61.88 | 28.46 | 16.92 | 27.50 | 34.85 | 139.32 | — | 440.24 | 226.59 | 110.76 | 45.47 | 27.93 | 18.30 | 14.14 | 13.03 | 12.06 | 12.03 | 11.96 |
Unfortunately, without specific data on interest expense and earnings before interest and taxes (EBIT), I am unable to calculate the interest coverage ratio for SPS Commerce Inc. across the mentioned quarters. This ratio is crucial in assessing the company's ability to meet its interest obligations with its operating income. For a detailed analysis, the specific financial figures for interest expense and EBIT would be required.