Thryv Holdings Inc (THRY)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 5.13 | 5.13 | 3.08 | 4.13 | 6.17 |
Thryv Holdings Inc has shown a consistent pattern of having very low solvency ratios over the past five years. Specifically, the debt-to-assets, debt-to-capital, and debt-to-equity ratios have all been calculated at 0.00 for each year, indicating that the company has not relied on debt to finance its operations or growth during this period.
However, the financial leverage ratio has fluctuated significantly over the years, with the highest ratio of 6.17 observed in 2020, and the lowest ratio of 3.08 reported in 2022. This ratio indicates the proportion of the company's assets that are financed through debt, revealing that Thryv Holdings Inc has at times had a relatively high level of financial leverage.
Overall, based on the solvency ratios provided, Thryv Holdings Inc has maintained a conservative approach to debt financing, with a strong preference for equity funding. Despite some fluctuations in financial leverage, the company's overall solvency position appears to be stable and well-managed.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | -3.22 | 1.13 | 2.64 | 3.02 | 1.60 |
Thryv Holdings Inc's interest coverage ratio has exhibited significant fluctuations over the past five years. The ratio was negative in 2024, indicating that the company's earnings were insufficient to cover its interest expenses. In 2023, the interest coverage improved to 1.13, suggesting a marginal ability to cover interest payments. This was followed by further improvements in 2022 and 2021, with ratios of 2.64 and 3.02, respectively, indicating a healthier ability to meet interest obligations. However, in 2020, the interest coverage ratio decreased to 1.60, reflecting a slight decline in the company's capacity to cover interest costs. The fluctuating trend in Thryv Holdings Inc's interest coverage highlights the importance of monitoring the company's earnings relative to its interest expenses to assess its financial health and ability to meet debt obligations.