Skyworks Solutions Inc (SWKS)
Solvency ratios
| 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 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 | 0.15 | 0.15 | 0.16 | 0.17 | 0.18 | 0.20 | 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 | 0.19 | 0.19 | 0.20 | 0.21 | 0.22 | 0.22 | 0.23 | 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 | 0.24 | 0.24 | 0.25 | 0.27 | 0.28 | 0.29 | 0.30 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.31 | 1.30 | 1.31 | 1.32 | 1.39 | 1.44 | 1.54 | 1.61 | 1.62 | 1.64 | 1.64 | 1.62 | 1.62 | 1.50 | 1.22 | 1.23 | 1.23 | 1.21 | 1.20 | 1.19 |
Skyworks Solutions Inc has maintained a strong solvency position over the periods analyzed, as evidenced by consistently low debt-to-assets, debt-to-capital, and debt-to-equity ratios, all of which were at or near zero throughout. This indicates that the company has very little reliance on debt to finance its operations and is likely using equity and retained earnings to support its assets and capital structure.
The financial leverage ratio, which measures the extent to which the company relies on debt to finance its assets, has shown some fluctuation but remained relatively stable over time. The ratio ranged between 1.19 and 1.64, with a recent value of 1.30 as of Sep 30, 2024. This suggests that the company's assets are primarily funded by equity rather than debt, indicating a conservative approach to capital structure.
Overall, Skyworks Solutions Inc's solvency ratios reflect a strong financial position, indicating a low level of financial risk and a healthy balance between debt and equity financing.
Coverage ratios
| 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 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 21.80 | 23.83 | 20.98 | 18.04 | 17.75 | 19.17 | 22.12 | 26.81 | 31.76 | 81.25 | 161.29 | — | — | 596.65 | — | 1,073.18 | 682.23 | 70.06 | 60.02 | 64.43 |
Interest coverage ratio measures a company's ability to meet its interest obligations on its outstanding debt. A higher interest coverage ratio indicates that the company is more capable of covering its interest expenses with its earnings.
Analyzing the interest coverage ratio of Skyworks Solutions Inc over the past years shows a generally healthy trend. The ratio has been consistently above 1, indicating that the company is generating sufficient earnings to cover its interest expenses. The ratios have shown significant fluctuations over the period, ranging from 17.75 to 161.29, with some exceptionally high values in certain periods.
In recent years, the interest coverage ratio has tended to be on the higher side, indicating a comfortable position for Skyworks Solutions Inc in meeting its interest obligations. The significant increase in the ratio in the most recent periods suggests a strong ability to generate earnings relative to the interest expenses incurred by the company.
Overall, the interest coverage ratio analysis reflects the company's solid financial health and its ability to manage its debt obligations effectively.