Vishay Intertechnology Inc (VSH)

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 0.19 0.19 0.15 0.14 0.13 0.13 0.13 0.13 0.13 0.13 0.14 0.14 0.13 0.13 0.14 0.18 0.16 0.16 0.16 0.15
Debt-to-capital ratio 0.27 0.28 0.22 0.21 0.20 0.19 0.20 0.20 0.21 0.21 0.22 0.22 0.20 0.20 0.23 0.27 0.25 0.25 0.26 0.25
Debt-to-equity ratio 0.37 0.38 0.29 0.26 0.24 0.24 0.25 0.25 0.26 0.26 0.27 0.29 0.25 0.26 0.29 0.38 0.34 0.33 0.35 0.34
Financial leverage ratio 1.93 1.98 1.89 1.90 1.89 1.91 1.94 1.97 2.03 1.98 2.02 2.05 2.00 1.97 2.02 2.12 2.10 2.07 2.12 2.20

Vishay Intertechnology, Inc.'s solvency ratios reflect the company's ability to meet its long-term financial obligations and manage its debt levels effectively. The debt-to-assets ratio remained relatively stable around 0.15 to 0.19 over the past eight quarters, indicating that the company's debt represented a small portion of its total assets.

The debt-to-capital ratio also showed consistency, fluctuating between 0.20 to 0.28 during the same period. This ratio indicates the proportion of the company's capital that is funded by debt, and Vishay Intertechnology, Inc. has maintained a moderate level of debt relative to its capital structure.

The debt-to-equity ratio, which measures the company's financial leverage, decreased gradually from 0.37 to 0.24 over the quarters analyzed. This suggests a decreasing reliance on debt financing compared to equity, which can be seen as a positive sign for the company's solvency and financial health.

The financial leverage ratio, which provides an overall view of the company's debt management, ranged between 1.89 to 1.98. While this ratio showed some variability, it generally stayed within a narrow range, indicating that Vishay Intertechnology, Inc. has been able to maintain a stable level of leverage.

Overall, based on the solvency ratios analyzed, Vishay Intertechnology, Inc. appears to have a sound financial position with a manageable level of debt relative to its assets, capital, and equity. The decreasing trend in the debt-to-equity ratio suggests a positive shift towards a more balanced capital structure.

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 19.53 23.16 30.71 34.97 35.55 35.11 30.75 28.76 25.73 18.96 13.65 8.61 5.99 4.71 4.54 5.78 7.69 9.99 11.67 12.34

Interest coverage is a key financial ratio used to evaluate a company's ability to cover its interest expenses with its operating income. In the case of Vishay Intertechnology, Inc., the interest coverage ratio has shown an improving trend over the past eight quarters.

In Q4 2023, the interest coverage ratio was not available, but in the previous quarter, Q3 2023, it was reported at a robust 364.48. This indicates that the company generated sufficient operating income to cover its interest expenses nearly 364 times over.

Looking further back, the interest coverage ratio has steadily increased from Q1 2022 (32.62) to Q3 2023 (364.48), reflecting a strengthening financial position and improved profitability. This upward trend suggests that Vishay Intertechnology, Inc. has been effectively managing its interest expenses relative to its operating income, which is a positive signal for investors and creditors.

Overall, the consistent improvement in the interest coverage ratio of Vishay Intertechnology, Inc. demonstrates the company's ability to meet its interest obligations comfortably and indicates a healthier financial condition.