Interface Inc (TILE)
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 | Jul 5, 2020 | Jun 30, 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 | 0.45 | 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 | 0.70 | 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 | 2.28 | 0.00 |
| Financial leverage ratio | 1.00 | 2.48 | 2.70 | 2.78 | 2.89 | 3.10 | 3.17 | 3.41 | 3.50 | 3.86 | 3.78 | 3.57 | 3.66 | 3.83 | 3.94 | 4.11 | 4.00 | 4.55 | 5.04 | 5.04 |
Interface Inc has consistently maintained a very healthy solvency position over the analyzed period, as indicated by its low debt-to-assets ratio of 0.00 across all reported dates. This signifies that the company has negligible debt relative to its total assets, reflecting a strong financial position and stability.
The debt-to-capital ratio also portrays a stable solvency profile for Interface Inc, with a minimal ratio of 0.00 observed throughout the entire period. This further reinforces the company's ability to finance its operations mainly through equity and retained earnings rather than relying on debt financing.
Additionally, the debt-to-equity ratio remains at 0.00 consistently, underlining Interface Inc's low reliance on debt to fund its operations and investments. This indicates that the company has a strong equity base supporting its activities and mitigates financial risks associated with high leverage.
Furthermore, the financial leverage ratio has shown a declining trend from 5.04 in June 2020 to 1.00 in December 2024, reflecting Interface Inc's successful efforts in reducing its financial leverage and enhancing its financial stability over time.
In conclusion, Interface Inc demonstrates strong solvency metrics with minimal debt levels, stable capital structure, and a decreasing trend in financial leverage ratio, indicating a sound financial position and efficient management of its capital structure.
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 | Jul 5, 2020 | Jun 30, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 4.43 | 5.33 | 4.45 | 3.76 | 3.05 | 1.47 | 1.46 | 1.83 | 2.59 | 4.57 | 4.52 | 4.24 | 3.75 | 3.05 | 2.82 | 2.51 | 2.54 | -2.78 | -7.89 | -6.59 |
Interface Inc's interest coverage ratio has shown a significant improvement over the period from June 30, 2020, to December 31, 2024. Initially, the company had negative interest coverage ratios, indicating a lack of earnings available to cover interest payments. However, starting from December 31, 2020, the interest coverage ratio turned positive and has been increasing steadily since then.
The interest coverage ratio improved from 2.54 on December 31, 2020, to 4.43 on December 31, 2024. This upward trend indicates that Interface Inc's ability to cover its interest expenses with operating earnings has been strengthening. Overall, the improving interest coverage ratio reflects a positive trend in the company's ability to meet its interest obligations, which can signify enhanced financial stability.