SPS Commerce Inc (SPSC)
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 | 1.21 | 1.21 | 1.21 | 1.23 | 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 |
SPS Commerce Inc's solvency ratios indicate a strong financial position with consistently low levels of debt in relation to assets, capital, and equity. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all been consistently at 0.00, indicating that the company has no debt relative to its total assets, capital, or equity.
Additionally, the financial leverage ratio, which measures the proportion of the company's assets that are financed by debt, has ranged between 1.21 and 1.27 over the period analyzed. This indicates that the company's assets are primarily financed through equity rather than debt, reflecting a conservative capital structure.
Overall, the solvency ratios suggest that SPS Commerce Inc has a robust financial position with low financial risk and a solid ability to meet its long-term financial obligations.
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 | — | 68.20 | 64.30 | 59.50 | 30.27 | 24.23 | 19.46 | 14.11 | 16.92 | 27.50 | 34.85 | 139.32 | — | 440.24 | 226.59 | 110.76 | 45.47 | 27.93 | 18.30 | 14.14 |
The interest coverage ratio for SPS Commerce Inc has shown varying trends over the past few years. The interest coverage ratio measures the company's ability to meet its interest obligations with its operating income.
In the last reported periods:
- As of March 31, 2020, the interest coverage ratio was 14.14, indicating that the company generated operating income 14.14 times its interest expense.
- The ratio improved significantly to 18.30 as of June 30, 2020, and continued to climb to 27.93 by September 30, 2020.
- By December 31, 2020, the ratio further increased to 45.47, showing a strong ability to cover interest payments.
- The interest coverage ratio peaked at 440.24 as of September 30, 2021, indicating a substantial increase in the company's ability to cover interest expenses.
- However, the ratio dropped to 16.92 as of December 31, 2022, before recovering to 64.30 as of June 30, 2024.
Overall, the interest coverage ratio for SPS Commerce Inc has demonstrated fluctuations but generally indicates that the company has been able to comfortably cover its interest payments with its operating income. Investors and lenders typically view a higher interest coverage ratio positively as it suggests a lower risk of default on debt obligations.