Teleflex Incorporated (TFX)
Solvency ratios
| Dec 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.66 | 1.67 | 1.63 | 1.66 | 1.70 | 1.74 | 1.64 | 1.68 | 1.72 | 1.73 | 1.75 | 1.81 | 1.83 | 1.92 | 2.04 | 2.08 | 2.14 | 2.04 | 2.18 | 2.18 |
Teleflex Incorporated demonstrates strong solvency ratios over the period under review. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have consistently remained at 0.00, indicating the company operates with minimal debt relative to its assets, capital, and equity. This signifies a low level of financial risk and suggests that the company has sufficient assets and equity to cover its obligations.
The financial leverage ratio has exhibited a declining trend from 2.18 in March 2020 to 1.66 in December 2024. A decreasing financial leverage ratio typically signifies a reduction in the company's reliance on debt financing, which can lead to improved financial stability and flexibility. This declining trend further supports the company's strong solvency position and ability to meet its financial obligations effectively.
Overall, based on the solvency ratios analyzed, Teleflex Incorporated appears to be in a sound financial position with a conservative capital structure and a strong ability to manage its debt levels, indicating good financial health and stability.
Coverage ratios
| Dec 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.01 | 4.07 | 4.25 | 4.71 | 6.40 | 7.48 | 7.92 | 8.58 | 9.60 | 12.19 | 14.71 | 12.84 | 11.40 | 8.74 | 6.68 | 5.67 | 6.60 | 7.10 | 6.60 | 7.08 |
Teleflex Incorporated's interest coverage ratio has fluctuated over the periods outlined in the data. The interest coverage ratio represents the company's ability to meet its interest obligations with its operating income. A higher interest coverage ratio indicates that the company is more capable of servicing its debt.
Looking at the trend, the interest coverage ratio declined from around 7.08 in March 2020 to a low of 4.71 in March 2024. This suggests a potential deterioration in Teleflex's ability to cover its interest expenses with operating profits. However, from the low point in March 2024, the interest coverage ratio has shown signs of improvement, reaching 4.25 in June 2024 and then rising to 4.07 in September 2024.
An interest coverage ratio below 1 indicates that a company is not generating enough operating income to meet its interest obligations, potentially signaling financial distress. It is important for investors and creditors to monitor the interest coverage ratio closely to assess Teleflex's financial health and debt repayment capacity.