Vishay Intertechnology Inc (VSH)

The solvency ratios of Vishay Intertechnology, Inc. indicate the company's ability to meet its long-term financial obligations. The debt-to-assets ratio has been relatively stable over the past five years, ranging from 0.13 to 0.19. This ratio shows that, on average, around 13% to 19% of the company's assets are financed by debt.

The debt-to-capital ratio has also shown consistency, fluctuating between 0.20 and 0.27. This ratio illustrates that debt constitutes approximately 20% to 27% of the company's total capital structure, which includes both debt and equity.

Similarly, the debt-to-equity ratio has been relatively stable, ranging from 0.24 to 0.37. This ratio reveals that for every dollar of shareholder equity, the company has between 24 to 37 cents of debt.

The financial leverage ratio has shown some variability, ranging from 1.89 to 2.10 over the past five years. This ratio represents the proportion of the company's assets that are financed by debt compared to equity.

Overall, Vishay Intertechnology, Inc. appears to have maintained a healthy solvency position with manageable debt levels relative to its assets and equity. The stability of these solvency ratios over the years suggests a consistent approach to managing the company's long-term financial obligations.

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Coverage ratios

Vishay Intertechnology, Inc.'s interest coverage has shown fluctuating trends over the five-year period from 2019 to 2023. In 2019, the interest coverage ratio was 11.35, indicating that the company generated operating income more than 11 times its interest expenses.

However, there was a significant improvement in 2020 when the interest coverage ratio increased to 7.56, reflecting the company's ability to cover its interest payments with operating income, although at a lower level compared to the previous year.

Subsequently, in 2021, there was a notable enhancement in the interest coverage ratio to 28.75, suggesting a substantial improvement in Vishay Intertechnology's ability to meet its interest obligations.

The company's interest coverage ratio further increased in 2022 to 64.32, indicating a robust capacity to cover its interest expenses with operating income, which reflects positively on its financial health and stability.

Unfortunately, the lack of specific data for 2023 prevents a direct comparison to assess the company's current interest coverage ratio. Nevertheless, it is evident from the historical data that Vishay Intertechnology has made significant strides in improving its ability to meet interest payments over the five-year period.