Trimble Inc (TRMB)
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 | 1.65 | 1.68 | 1.70 | 2.14 | 2.12 | 2.15 | 2.21 | 1.89 | 1.79 | 1.84 | 1.78 | 1.80 | 1.80 | 1.80 | 1.81 | 1.85 | 1.91 | 1.98 | 2.07 | 2.16 |
Trimble Inc has consistently maintained a strong solvency position as indicated by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios, all of which have remained at 0.00 from March 2020 to December 2024. This suggests that the company's level of debt in relation to its assets, capital, and equity is minimal, indicating a low level of financial risk.
The financial leverage ratio, which measures the company's financial risk by comparing its total assets to its equity, has fluctuated over the years but generally stayed below 2. This indicates that Trimble Inc has been utilizing a conservative capital structure, relying more on equity financing rather than debt to support its operations and growth.
Overall, Trimble Inc's solvency ratios reflect a healthy financial position with minimal debt levels and a conservative approach to financing, which bodes well for the company's long-term stability and ability to meet its financial obligations.
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 | 4.12 | 2.65 | 2.38 | 2.42 | 2.97 | 3.55 | 4.63 | 7.11 | 7.77 | 9.06 | 9.68 | 10.09 | 9.79 | 9.71 | 8.38 | 7.02 | 6.03 | 5.60 | 5.35 | 5.40 |
Trimble Inc's interest coverage ratio has shown a fluctuating trend over the past few years. The ratio stood at 5.40 on March 31, 2020, indicating that the company was generating 5.40 times the earnings needed to cover its interest expense. The interest coverage remained relatively stable around 5.00-6.00 for the rest of 2020 and the first half of 2021.
From March 31, 2021, onwards, Trimble Inc's interest coverage ratio started to improve significantly, reaching 10.09 on March 31, 2022, reflecting a stronger ability to meet its interest obligations. However, the ratio decreased in the following quarters but remained above 6.00.
Notably, by the end of 2024, the interest coverage ratio dropped to 4.12, which is still considered healthy but lower than the levels seen in recent years. Overall, Trimble Inc's interest coverage ratio has displayed volatility, with periods of improvement and decline, suggesting the company's ability to meet interest payments has varied over time.