Sensata Technologies Holding NV (ST)

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	0.44	0.45	0.45	0.44	0.45	0.48	0.49	0.49	0.49	0.50	0.50	0.50	0.41	0.52	0.45	0.47	0.47	0.47	0.47	0.47
Debt-to-capital ratio	0.53	0.54	0.54	0.54	0.56	0.58	0.58	0.58	0.58	0.58	0.59	0.59	0.54	0.61	0.56	0.56	0.56	0.55	0.55	0.56
Debt-to-equity ratio	1.13	1.17	1.17	1.18	1.27	1.37	1.39	1.37	1.36	1.40	1.45	1.42	1.19	1.54	1.29	1.27	1.25	1.24	1.23	1.25
Financial leverage ratio	2.56	2.60	2.61	2.69	2.81	2.84	2.85	2.80	2.78	2.83	2.89	2.85	2.90	2.94	2.84	2.68	2.66	2.63	2.62	2.65

The solvency ratios of Sensata Technologies Holding Plc provide insights into its ability to meet its long-term financial obligations.

The debt-to-assets ratio has been relatively stable over the past eight quarters, ranging between 0.44 and 0.49. This indicates that Sensata Technologies relies on debt to finance a portion of its assets, with approximately 44% to 49% of its assets being funded by debt.

The debt-to-capital ratio follows a similar trend, varying between 0.53 and 0.58 during the same period. This ratio demonstrates the proportion of the company's capital that is financed through debt, with debt contributing around 53% to 58% of the total capital structure.

The debt-to-equity ratio has shown a slightly increasing trend from 1.13 to 1.38 over the eight quarters. This suggests that the company's reliance on debt compared to equity has been gradually increasing, with debt accounting for approximately 113% to 138% of the shareholders' equity.

The financial leverage ratio, which measures the company's overall debt level relative to its equity, has also exhibited a rising trend from 2.56 to 2.80 during the period. This indicates that Sensata Technologies has been increasingly using debt in its capital structure, with a higher ratio indicating higher financial risk and leverage.

Overall, the solvency ratios of Sensata Technologies suggest that the company has been managing its debt levels within a relatively stable range, but there has been a gradual increase in its reliance on debt over time. Investors and stakeholders should closely monitor these ratios to assess the company's long-term financial health and ability to fulfill its financial commitments.

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	1.20	3.37	4.03	4.00	3.75	3.71	3.19	3.33	3.53	3.51	3.34	2.48	0.01	0.01	0.01	0.01	206.64	14.63	8.62	6.08

The interest coverage ratio for Sensata Technologies Holding Plc has been relatively stable over the past eight quarters, ranging from 3.29 to 3.80. This indicates that the company's ability to cover its interest expenses with its operating income has remained consistent. A higher interest coverage ratio suggests that the company is in a better position to meet its interest obligations using its earnings. Sensata Technologies' interest coverage ratio has mostly stayed above 3.00, which is generally considered a healthy level. Maintaining a consistent interest coverage ratio is important for the company's financial stability and ability to service its debt obligations.