Standex International Corporation (SXI)

Solvency ratios

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 Sep 30, 2019
Debt-to-assets ratio 0.15 0.15 0.15 0.15 0.17 0.17 0.20 0.22 0.19 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.22 0.19 0.20
Debt-to-capital ratio 0.19 0.19 0.19 0.20 0.22 0.22 0.26 0.29 0.26 0.27 0.28 0.28 0.28 0.29 0.29 0.30 0.30 0.31 0.28 0.29
Debt-to-equity ratio 0.24 0.24 0.24 0.25 0.29 0.29 0.35 0.40 0.35 0.38 0.38 0.39 0.39 0.41 0.40 0.42 0.43 0.45 0.38 0.40
Financial leverage ratio 1.62 1.61 1.62 1.65 1.69 1.68 1.81 1.87 1.87 1.85 1.85 1.87 1.90 1.96 1.92 1.98 2.02 2.05 1.98 2.01

Standex International Corporation's solvency ratios demonstrate its ability to meet its long-term financial obligations. The debt-to-assets ratio has remained relatively stable around 0.15-0.22 over the past few quarters, indicating that the company finances a minimal portion of its assets through debt.

The debt-to-capital and debt-to-equity ratios show a slight increasing trend, with values ranging between 0.19-0.31 and 0.24-0.45, respectively. This suggests that the company is relying more on debt financing compared to its equity or capital. It is important to note that the debt-to-equity ratio increased notably in recent quarters, indicating a higher level of financial risk associated with the company's capital structure.

The financial leverage ratio has fluctuated between 1.61-2.05, indicating that the company has been using debt to fund its operations and investments. The increasing trend in this ratio over time suggests that Standex International is becoming more leveraged, which could potentially increase its financial risk and interest expenses.

Overall, Standex International's solvency ratios show a moderate level of debt utilization, with a trend towards higher leverage in recent quarters. This may imply a need for careful monitoring of the company's debt levels and financial risk management strategies in the future.

Coverage ratios

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 Sep 30, 2019
Interest coverage 21.82 22.49 33.84 30.94 31.30 28.71 17.82 16.76 14.82 14.80 11.51 10.53 9.46 6.84 5.40 5.26 5.45 6.71 9.38 8.65

Standex International Corporation's interest coverage ratio has shown fluctuations over the past few quarters. The interest coverage ratio indicates the company's ability to meet its interest obligations with its operating income. A higher interest coverage ratio is generally considered favorable as it indicates a greater ability to cover interest expenses.

Looking at the data provided, we can see that Standex International Corporation's interest coverage ratio has been relatively strong in the recent quarters, with ratios well above 10x. This suggests that the company has had a solid ability to cover its interest expenses from its operating income.

There was a notable peak in interest coverage in the fourth quarter of 2023, with a ratio of 33.84x, indicating a significant improvement in the company's ability to cover its interest expenses during that period. However, it is important to note that there has been some fluctuation in the ratio in other quarters, with some periods showing lower ratios.

Overall, a consistently high interest coverage ratio is a positive sign for Standex International Corporation, as it indicates a lower risk of default on its debt obligations due to its strong operating performance. Continued monitoring of this ratio will be important to assess the company's financial health and ability to manage its debt effectively.