Taylor Morn Home (TMHC)
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 | 1.58 | 1.62 | 1.65 | 1.64 | 1.63 | 1.63 | 1.72 | 1.73 | 1.83 | 1.95 | 2.06 | 2.08 | 2.22 | 2.24 | 2.22 | 2.18 | 2.21 | 2.21 | 2.43 | 2.41 |
Based on the provided solvency ratios for Taylor Morn Home, we can see that the company has consistently maintained a Debt-to-assets ratio of 0.00 over the reporting periods from March 31, 2020, to December 31, 2024. This indicates that the company has not relied heavily on debt to finance its assets, which could be viewed positively from a solvency perspective.
Similarly, the Debt-to-capital ratio and Debt-to-equity ratio have also remained stable at 0.00 throughout the same time frame. These ratios further emphasize the company's low debt burden relative to its capital structure and equity, suggesting a strong financial position and lower financial risk.
The Financial leverage ratio, which measures the extent to which the company relies on debt financing, shows a decreasing trend from 2.41 on March 31, 2020, to 1.58 on December 31, 2024. This decrease indicates that Taylor Morn Home has been reducing its reliance on debt over the years, which is a positive sign for its long-term solvency and stability.
Overall, based on the solvency ratios analyzed, Taylor Morn Home appears to have a strong financial position with minimal debt obligations relative to its assets, capital, and equity. The decreasing trend in the Financial leverage ratio suggests a prudent financial management strategy aimed at reducing financial risk and enhancing long-term sustainability.
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 | 399.91 | 362.60 | 318.09 | 319.94 | 307.80 | 357.08 | 386.07 | 479.83 | 615.70 | 770.83 | 1,387.55 | 1,549.35 | 1,566.43 | 1,328.73 | 37,022.20 | — | — | — | — | 267.63 |
The interest coverage ratio for Taylor Morn Home provides crucial insights into the company's ability to meet its interest obligations. Looking at the historical trend, the interest coverage ratio was exceptionally high at 267.63 as of March 31, 2020. However, data points for June 30, 2020, and subsequent quarters show N/A, indicating a lack of available data.
From June 30, 2021, onwards, the interest coverage ratio exhibited a significant fluctuation, reaching an extremely high value of 37,022.20 and then decreasing gradually in subsequent periods. The interest coverage ratio as of December 31, 2024, stood at 399.91. This indicates that Taylor Morn Home's ability to cover its interest expenses has improved significantly since 2020.
Overall, the analysis of Taylor Morn Home's interest coverage ratio suggests a volatile trend with occasional peaks and gradual declines. The company should aim for a stable and sustainable interest coverage ratio to ensure its long-term financial health and ability to meet debt obligations.