Teleflex Incorporated (TFX)

Teleflex Incorporated has consistently maintained a strong solvency position based on its solvency ratios. The company's debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all been at 0.00 for the years provided (2020 to 2024). This indicates that Teleflex has been able to finance its assets predominantly through equity rather than debt.

Furthermore, the financial leverage ratio, which provides insight into the proportion of the company's assets financed by debt, has shown a declining trend from 2.14 in 2020 to 1.66 in 2024. A decreasing trend in the financial leverage ratio is typically seen as positive as it suggests the company is relying less on debt to finance its operations and investments.

Overall, Teleflex Incorporated's solvency ratios reflect a solid financial position with minimal debt levels compared to its assets and equity. This indicates lower financial risk and a more stable capital structure, which may be viewed positively by investors and creditors.

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Coverage ratios

Teleflex Incorporated's interest coverage ratio has shown variability over the years. In 2020, the interest coverage was 6.60, indicating that the company generated 6.60 times the amount of operating income to cover its interest expenses. This ratio improved significantly to 11.16 in 2021, suggesting a stronger ability to meet interest obligations. However, there was a slight decline in 2022 with the interest coverage standing at 9.60. In 2023, the ratio decreased further to 6.10, signaling a potential strain on the company's ability to cover interest costs. By 2024, the interest coverage dropped significantly to 1.81, indicating a concerning decline in the company's ability to meet its interest payments from operating income alone. Overall, despite fluctuations, it is essential for Teleflex to maintain a healthy interest coverage ratio to ensure financial stability and meet its debt obligations.