ViaSat Inc (VSAT)
Solvency ratios
| Mar 31, 2025 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| Financial leverage ratio | — | 3.28 | 3.60 | 3.20 | 3.25 | 3.26 | 3.29 | 3.01 | 2.02 | 2.63 | 2.51 | 2.44 | 2.43 | 2.31 | 2.27 | 2.29 | 2.27 | 2.26 | 2.28 | 2.37 |
ViaSat Inc has consistently shown a strong solvency profile based on its solvency ratios. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have remained at 0.00 across multiple periods, indicating that the company has not relied heavily on debt to finance its operations and investments. This suggests a conservative approach to leverage and a healthy balance sheet structure.
The financial leverage ratio, which provides an indication of the company's long-term debt and equity mix, has shown some fluctuations over the periods. Initially, the ratio increased from 2.37 in June 2020 to peak at 3.60 by September 30, 2024, and then decreased to 3.28 by December 31, 2024. It is worth noting that the financial leverage ratio surpassing 3.0 may indicate a higher level of financial risk, but the subsequent decrease suggests a potential effort to manage and reduce leverage.
Overall, ViaSat Inc's solvency ratios reflect a stable and healthy financial position with a low reliance on debt for funding, which bodes well for the company's financial stability and ability to meet its long-term obligations.
Coverage ratios
| Mar 31, 2025 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -0.03 | -0.03 | 0.07 | -1.63 | -2.04 | -3.10 | -5.59 | -1.38 | -5.59 | -3.56 | -2.73 | -4.11 | -1.06 | 0.85 | 1.42 | 2.89 | 1.81 | 1.24 | 0.98 | 1.14 |
ViaSat Inc's interest coverage ratio has been fluctuating over the reported periods. The interest coverage ratio indicates the company's ability to meet its interest payment obligations with its operating income. A ratio below 1 indicates that the company's operating income is insufficient to cover its interest expenses, which may raise concerns about financial stability and creditworthiness.
ViaSat Inc's interest coverage ratio was below 1 for several quarters starting from March 2022 to September 2024, indicating that the company's operating income was not sufficient to cover its interest expenses during these periods. This could signal a potential financial strain and an increased risk of default on debt obligations.
However, the interest coverage ratio improved significantly in the quarters following September 2024, reaching positive territory. While the ratio fluctuated over time, it is important for investors and creditors to monitor it closely to assess ViaSat Inc's ability to manage its debt obligations effectively.
Overall, the trend in ViaSat Inc's interest coverage ratio suggests a period of financial stress followed by some improvement, highlighting the importance of monitoring the company's financial health and debt management practices.