Thryv Holdings Inc (THRY)
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 | 3.62 | 6.93 | 4.29 | 4.71 | 5.13 | 2.62 | 2.72 | 2.97 | 3.08 | 3.06 | 3.21 | 3.84 | 4.13 | 4.52 | 5.24 | 6.74 | 6.17 | 32.94 | 35.64 | 39.94 |
Thryv Holdings Inc has consistently maintained a strong solvency position based on its solvency ratios. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all remained at 0.00 across multiple periods, indicating that the company has no debt relative to its assets, capital, and equity, respectively.
Furthermore, the Financial leverage ratio has shown a decreasing trend over the reporting periods, starting at 39.94 on March 31, 2020, and steadily decreasing to 3.62 on December 31, 2024, with slight fluctuations in between. This decreasing trend indicates that the company is relying less on debt to finance its operations and is becoming less leveraged over time.
Overall, the solvency ratios of Thryv Holdings Inc demonstrate a strong financial position with minimal debt levels and decreasing financial leverage, suggesting the company's ability to meet its financial obligations and weather potential economic uncertainties in the future.
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 | -0.21 | 0.08 | 1.07 | 1.08 | 0.93 | 1.19 | 2.24 | 3.18 | 3.61 | 2.71 | 3.20 | 2.55 | 2.70 | 2.97 | 1.89 | 2.13 | 1.96 | 1.50 | 2.12 | 1.85 |
Thryv Holdings Inc's interest coverage ratio fluctuated over the periods provided from March 31, 2020, to December 31, 2024. The interest coverage ratio measures a company's ability to cover its interest expenses with its operating income. A ratio greater than 1 indicates that the company can comfortably meet its interest obligations.
Starting at 1.85 on March 31, 2020, the ratio improved to its peak of 3.61 on December 31, 2022. This indicates a strengthening ability to cover interest payments. However, this positive trend reversed in the subsequent periods, with the ratio decreasing to 0.08 on September 30, 2024, and even turning negative to -0.21 on December 31, 2024.
The fluctuation in the interest coverage ratio calls for a closer examination of the company's financial health and operational performance during these periods. A declining interest coverage ratio may signal potential financial distress if the company has insufficient earnings to cover its interest expenses. It is important for stakeholders to monitor this ratio closely to assess Thryv Holdings Inc's ability to meet its debt obligations moving forward.