Thryv Holdings Inc (THRY)
Solvency ratios
| 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 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 50.93 |
Thryv Holdings Inc has consistently maintained a low debt-to-assets, debt-to-capital, and debt-to-equity ratio of 0.00 across all periods, indicating that the company operates with minimal debt relative to its assets, capital, and equity. This suggests a conservative approach to financing its operations and investments.
However, the financial leverage ratio of the company has shown significant fluctuations over the periods, ranging from 2.62 to 50.93. A higher financial leverage ratio indicates higher financial risk and reliance on debt financing. Thryv Holdings Inc experienced a spike in its financial leverage ratio towards the end of 2020 and into 2021, potentially indicating a period of increased debt usage to fund operations or growth initiatives.
Overall, while Thryv Holdings Inc has maintained a strong solvency position with minimal debt ratios, investors and stakeholders should keep a close eye on the fluctuations in the financial leverage ratio to assess the company's risk profile and financial health.
Coverage ratios
| 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 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 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 | 1.64 |
Thryv Holdings Inc's interest coverage ratio has exhibited fluctuations over the past few quarters. The interest coverage ratio measures the company's ability to meet its interest obligations with its operating income. A higher ratio indicates a greater ability to cover interest expenses.
Looking at the historical trend, the interest coverage ratio has ranged from a low of 0.08 in September 2024 to a high of 3.61 in December 2022. The ratio showed a declining trend from December 2022 to September 2024, indicating a potential decrease in the company's ability to cover its interest payments with its operating income during this period.
It is important to note that having a low interest coverage ratio, such as the 0.08 observed in September 2024, may signal financial distress and an increased risk of default on debt obligations. On the other hand, a higher ratio, like the 3.61 in December 2022, reflects a healthier financial position and a lower risk of default.
Overall, investors and creditors should closely monitor Thryv Holdings Inc's interest coverage ratio to assess the company's financial health and its ability to manage debt obligations.