Vicor Corporation (VICR)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.10 | 1.16 | 1.13 | 1.13 | 1.17 |
Vicor Corp. has consistently maintained a very healthy solvency position over the past five years as evident from its solvency ratios.
The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all remained at 0.00 consistently across all the years, indicating that the company has not relied on debt to finance its assets or operations. This suggests that Vicor Corp. has been able to operate primarily using equity financing, which could indicate a lower financial risk compared to companies with higher debt levels.
The financial leverage ratio, while showing some variability, has generally been stable around 1.13 to 1.17. This indicates that the company has some financial leverage but is not overly reliant on debt to finance its operations. A financial leverage ratio of 1.10 to 1.17 suggests that the company is using a reasonable amount of debt in its capital structure while still maintaining a healthy balance with equity.
Overall, the solvency ratios reflect a conservative financial strategy by Vicor Corp., with a minimal reliance on debt financing and a stable financial leverage position, indicating a strong solvency position and financial stability.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | — | 25.76 | 4.31 | 1.43 | 1.21 |
As the interest coverage ratios for Vicor Corp. are not available for the years 2019 to 2023, it indicates that there is a lack of data to assess the company's ability to meet its interest payments from its operating income. This absence of information makes it challenging to evaluate the extent to which Vicor Corp. can comfortably cover its interest expenses with its earnings. It is crucial for stakeholders to monitor and analyze this ratio in the future to gauge the company's financial health and ability to meet its debt obligations.