Teleflex Incorporated (TFX)

Solvency ratios

	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	Jun 30, 2019	Mar 31, 2019
Debt-to-assets ratio	0.23	0.26	0.21	0.22	0.23	0.24	0.24	0.25	0.25	0.28	0.31	0.33	0.33	0.31	0.34	0.35	0.29	0.31	0.33	0.33
Debt-to-capital ratio	0.28	0.31	0.26	0.27	0.29	0.29	0.29	0.31	0.32	0.35	0.39	0.40	0.42	0.39	0.43	0.43	0.38	0.41	0.44	0.45
Debt-to-equity ratio	0.39	0.45	0.35	0.38	0.40	0.41	0.42	0.46	0.46	0.53	0.64	0.68	0.71	0.63	0.75	0.76	0.62	0.68	0.78	0.81
Financial leverage ratio	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	2.12	2.19	2.37	2.44

The solvency ratios of Teleflex Incorporated provide insights into the company's ability to meet its long-term financial obligations.

- Debt-to-assets ratio: This ratio indicates the proportion of the company's assets financed by debt. Teleflex's debt-to-assets ratio has been relatively stable, ranging from 0.23 to 0.27 over the past eight quarters, suggesting a conservative approach to debt financing and a strong asset base.

- Debt-to-capital ratio: The debt-to-capital ratio measures the percentage of the company's capital structure that is financed by debt. Teleflex's ratio has also shown stability, fluctuating between 0.27 and 0.33 during the same period. This indicates a balanced mix of debt and equity in the company's capital structure.

- Debt-to-equity ratio: The debt-to-equity ratio reflects the extent to which the company relies on debt financing versus shareholder equity. Teleflex's ratio has ranged from 0.37 to 0.49 across the quarters, showing a moderate level of debt relative to equity. The lower ratios indicate a healthier financial position.

- Financial leverage ratio: This ratio signifies the company's degree of financial leverage and risk. Teleflex's financial leverage ratio has remained relatively steady, staying between 1.64 and 1.81, suggesting a stable capital structure and manageable leverage levels.

Overall, Teleflex Incorporated appears to maintain a prudent approach to debt management, with consistent and manageable solvency ratios indicating a solid financial position and the ability to honor its financial commitments over the long term.

Coverage ratios

	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	Jun 30, 2019	Mar 31, 2019
Interest coverage	6.09	7.16	7.61	8.24	9.22	11.17	13.87	12.18	10.83	8.73	6.54	5.46	6.37	6.89	6.38	6.89	5.23	4.91	4.13	3.14

Teleflex Incorporated's interest coverage ratio has displayed a declining trend over the past eight quarters. The interest coverage ratio, a measure of a company's ability to meet interest payments on its outstanding debt, has decreased from a high of 12.19 in Q2 2022 to a low of 7.78 in Q4 2023. This downward trend indicates that Teleflex's ability to cover its interest expenses has weakened over the period. The company's interest coverage ratio has fluctuated between 7.78 and 12.19, with the ratio remaining above 7 in all quarters, indicating that Teleflex has sufficient earnings to cover its interest obligations. However, investors and creditors may keep a close eye on this ratio to ensure that Teleflex can continue to meet its debt obligations comfortably.