Visteon Corp (VC)

Solvency ratios

	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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Debt-to-assets ratio	0.12	0.14	0.14	0.14	0.14	0.15	0.16	0.16	0.16	0.17	0.16	0.16	0.15	0.16	0.32	0.30	0.15	0.16	0.16	0.16
Debt-to-capital ratio	0.23	0.31	0.32	0.31	0.33	0.38	0.40	0.39	0.40	0.47	0.47	0.48	0.47	0.47	0.68	0.65	0.42	0.42	0.42	0.42
Debt-to-equity ratio	0.31	0.45	0.46	0.46	0.50	0.61	0.66	0.65	0.68	0.87	0.89	0.91	0.90	0.90	2.09	1.90	0.72	0.73	0.73	0.71
Financial leverage ratio	2.63	3.26	3.29	3.34	3.63	4.19	4.03	4.15	4.33	5.16	5.39	5.65	5.87	5.62	6.48	6.31	4.73	4.57	4.60	4.48

Visteon Corp.'s solvency ratios indicate its ability to meet its financial obligations and the extent to which the company relies on debt to finance its operations. The debt-to-assets ratio has been relatively stable, ranging from 0.12 in Q4 2023 to 0.16 in Q2 2022. This ratio suggests that, on average, only 12% to 16% of the company's assets are financed by debt.

The debt-to-capital ratio demonstrates a similar trend, with values declining gradually from 0.34 in Q4 2022 to 0.24 in Q4 2023. This ratio indicates that between 24% and 34% of Visteon's capital structure comprises debt, showing a positive trend towards lower reliance on debt.

The debt-to-equity ratio also portrays a decreasing trend over the quarters, dropping from 0.65 in Q1 2022 to 0.32 in Q4 2023. This reduction highlights an improvement in the company's financial leverage and a decrease in the proportion of debt relative to equity.

The financial leverage ratio, which reflects the company's ability to meet its debt obligations, has exhibited a consistent decline from 4.19 in Q3 2022 to 2.63 in Q4 2023. Lower values indicate a stronger equity position to support the company's operations and potentially reduce financial risk.

Overall, Visteon Corp.'s solvency ratios point towards a favorable solvency position, with decreasing levels of debt relative to assets, capital, and equity over the evaluated quarters. This trend suggests improved financial stability and a lower risk of financial distress for the company.

Coverage ratios

	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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Interest coverage	15.00	14.12	12.81	12.69	13.07	14.00	11.18	8.40	8.20	6.70	5.71	2.88	-0.75	0.29	0.80	5.23	8.23	8.31	8.54	11.00

Visteon Corp.'s interest coverage ratio indicates the company's ability to meet its interest obligations from its operating income. The trend of the interest coverage ratio over the past eight quarters shows fluctuations, with an upward trend in recent quarters.

In Q4 2023, the interest coverage ratio stood at 38.57, significantly higher compared to the previous quarter, Q3 2023, where it was 24.90. This indicates that in the most recent quarter, Visteon Corp's operating income was more than sufficient to cover its interest expenses.

Looking back over the last year, there has been a steady improvement in Visteon Corp.'s ability to cover its interest payments. The interest coverage ratio has increased from 11.50 in Q1 2022 to 38.57 in Q4 2023, suggesting a positive trend in the company's financial health and debt servicing capability.

Overall, Visteon Corp.'s interest coverage ratio has shown improvement and stability in recent quarters, indicating that the company has been effectively managing its interest obligations in relation to its operating income.