Synaptics Incorporated (SYNA)

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 0.34 0.38 0.38 0.38 0.37 0.36 0.36 0.35 0.34 0.36 0.38 0.22 0.18 0.18 0.06 0.06 0.06 0.33 0.33 0.33
Debt-to-capital ratio 0.40 0.44 0.44 0.45 0.44 0.42 0.43 0.42 0.44 0.46 0.48 0.28 0.29 0.30 0.10 0.11 0.11 0.40 0.41 0.42
Debt-to-equity ratio 0.66 0.78 0.79 0.81 0.78 0.74 0.75 0.74 0.77 0.85 0.92 0.39 0.41 0.42 0.11 0.12 0.12 0.68 0.69 0.72
Financial leverage ratio 1.93 2.06 2.11 2.12 2.10 2.05 2.10 2.13 2.26 2.33 2.41 1.78 2.30 2.34 2.02 2.12 2.07 2.08 2.11 2.18

Synaptics Incorporated's solvency ratios have shown fluctuations over time. The debt-to-assets ratio has ranged between 0.34 and 0.38 in recent quarters, indicating that around 34% to 38% of the company's assets are financed by debt. The debt-to-capital ratio has followed a similar trend, ranging from 0.40 to 0.45, showing that 40% to 45% of the company's capital is from debt sources.

The debt-to-equity ratio has exhibited more variability, fluctuating between 0.66 and 0.92, with the company relying on debt for around 66% to 92% of its financing. The financial leverage ratio has also shown significant variation, ranging from 1.78 to 2.41, reflecting fluctuations in the company's leverage and financial risk.

Overall, Synaptics' solvency ratios indicate a moderate level of leverage and debt financing, with some volatility in recent quarters. Monitoring these ratios over time can provide insights into the company's ability to meet its financial obligations and manage its debt levels effectively.

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 -0.91 -1.03 -0.27 0.69 3.25 6.62 8.93 13.51 17.20 11.37 18.74 9.74 5.61 12.52 4.36 3.28 3.37 0.67 0.25 -0.09

Interest coverage is a key financial ratio that indicates a company's ability to meet its interest payment obligations. A higher interest coverage ratio implies that the company is more capable of servicing its debt. Looking at the data for Synaptics Incorporated, the interest coverage ratio has shown fluctuations over the past several quarters.

In the most recent quarter as of June 30, 2024, the interest coverage ratio was negative at -0.91, indicating that the company's earnings before interest and taxes (EBIT) were insufficient to cover its interest expenses. This raises concerns about the company's financial health and ability to meet its debt obligations.

However, the trend in interest coverage ratios for Synaptics Incorporated has been volatile, with ratios ranging from negative values to as high as 18.74 in the past year. The significant fluctuations in the ratio indicate potential variability in the company's profitability and cash flow generation, which can impact its ability to cover interest payments.

It is essential for investors and stakeholders to closely monitor Synaptics Incorporated's interest coverage ratio over time to assess its financial stability and debt repayment capacity. Additionally, management should focus on improving profitability and cash flow generation to ensure the company can comfortably service its debt in the long term.