Verisk Analytics Inc (VRSK)
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 | 0.65 | 0.65 | 0.66 | 0.68 | 0.34 | 0.34 | 0.36 | 0.29 | 0.34 | 0.35 | 0.35 | 0.40 | 0.42 | 0.43 | 0.45 | 0.00 | 0.38 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.90 | 0.88 | 0.91 | 0.98 | 0.57 | 0.54 | 0.53 | 0.47 | 0.49 | 0.50 | 0.49 | 0.53 | 0.54 | 0.56 | 0.59 | 0.00 | 0.54 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 9.14 | 7.37 | 9.64 | 41.41 | 1.34 | 1.18 | 1.14 | 0.88 | 0.96 | 0.99 | 0.98 | 1.14 | 1.16 | 1.30 | 1.44 | 0.00 | 1.17 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 14.08 | 11.35 | 14.68 | 61.26 | 3.98 | 3.51 | 3.19 | 3.07 | 2.77 | 2.82 | 2.80 | 2.83 | 2.80 | 2.98 | 3.22 | 3.33 | 3.12 | 3.05 | 2.82 | 2.92 |
Verisk Analytics Inc's solvency ratios indicate the company's ability to meet its financial obligations in the long term. The debt-to-assets ratio has remained relatively stable around 0.66, suggesting that a significant portion of the company's assets are funded by debt. The debt-to-capital ratio has shown some fluctuations, ranging from 0.88 to 0.98, indicating the proportion of the company's capital structure financed by debt.
On the other hand, the debt-to-equity ratio has exhibited more variability, spiking significantly in Q1 2023 to 41.53 and then gradually decreasing to 9.25 in Q4 2023. This ratio indicates the extent to which Verisk Analytics relies on debt financing relative to equity, with high values implying higher financial risk.
The financial leverage ratio has also shown fluctuations, with a notable spike in Q1 2023 to 61.26, indicating a high level of financial leverage at that time. Subsequently, the ratio decreased but remained relatively high in Q4 2023 at 14.08.
Overall, Verisk Analytics' solvency ratios reflect a mix of stable and fluctuating trends, with the debt-to-equity and financial leverage ratios displaying more volatile changes over the periods analyzed. Investors and stakeholders may want to monitor these ratios to assess the company's long-term financial health and risk exposure.
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 | 8.56 | 6.63 | 6.36 | 6.19 | 9.46 | 10.58 | 11.04 | 11.06 | 7.66 | 7.86 | 7.47 | 7.26 | 7.34 | 7.27 | 5.94 | 5.79 | 5.48 | 5.56 | 6.73 | 6.65 |
Verisk Analytics Inc's interest coverage ratio has been relatively stable over the past few quarters, ranging between 7.58 and 9.80. This ratio indicates the company's ability to cover its interest expenses with its earnings before interest and taxes (EBIT). A higher interest coverage ratio suggests that the company is more capable of meeting its interest obligations from its operating income.
Verisk Analytics Inc's interest coverage ratios above 1 demonstrate that the company is generating sufficient earnings to cover its interest expenses, which is a positive sign for investors and creditors. The consistently strong interest coverage ratios indicate that the company has a healthy financial position and is effectively managing its debt levels.
Overall, based on the trend of Verisk Analytics Inc's interest coverage ratios, the company appears to have a solid ability to meet its interest obligations, which is essential for maintaining financial stability and sustainability.