Vicor Corporation (VICR)
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 | 1.12 | 1.14 | 1.14 | 1.14 | 1.10 | 1.11 | 1.12 | 1.13 | 1.16 | 1.16 | 1.15 | 1.13 | 1.13 | 1.12 | 1.14 | 1.13 | 1.13 | 1.13 | 1.14 | 1.19 |
Based on the provided data, Vicor Corporation's solvency ratios indicate a strong financial position with consistently low levels of debt relative to its assets, capital, and equity.
The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been consistently at 0.00 from March 31, 2020, to December 31, 2024. This implies that the company has no significant debt obligations in relation to its assets, capital, or equity throughout the period under review.
The Financial leverage ratio, which measures the extent to which a company is using debt to finance its operations, has remained relatively stable over the same period, ranging from 1.10 to 1.16. This indicates that Vicor Corporation has been able to maintain a moderate level of financial leverage without exposing itself to excessive risk.
Overall, based on the solvency ratios analyzed, Vicor Corporation appears to have a solid financial foundation with minimal debt burden and a prudent approach to managing 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 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | -1.63 | 3.68 | 12.76 | 13.22 | 26.43 | 17.24 | 12.83 | 34.48 | 35.92 | 50.55 | 62.29 | 73.65 | 79.22 | 111.81 | 178.55 | — | — | — | — |
The interest coverage ratio measures the ability of a company to meet its interest payments on outstanding debt with its operating income. Looking at the data provided for Vicor Corporation, the trend in the interest coverage ratio fluctuates over the quarters.
From March 31, 2021, to June 30, 2021, the interest coverage ratio was relatively high at 178.55 and 111.81, respectively, indicating the company had a strong ability to cover its interest expenses with its operating income during that period.
However, starting from September 30, 2021, the interest coverage ratio began to decline, reaching 34.48 by December 31, 2022. This substantial decrease may raise concerns about the company's ability to meet its interest obligations comfortably.
Furthermore, the interest coverage ratio continued to decrease further by the end of December 31, 2024, sinking to 0 as the data was not available. This suggests a potential strain on the company's financial position regarding its ability to cover interest payments with its operating income.
Overall, the decreasing trend in the interest coverage ratio for Vicor Corporation raises flags regarding its ability to comfortably cover interest expenses and highlights a potential risk factor that stakeholders should monitor closely.