Vishay Intertechnology Inc (VSH)
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 | 2.03 | 1.95 | 1.91 | 1.95 | 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 |
The solvency ratios of Vishay Intertechnology Inc suggest that the company has very low levels of debt relative to its assets, capital, and equity.
- Debt-to-assets ratio: The company's debt-to-assets ratio has consistently been reported at 0.00 over the years, indicating that Vishay Intertechnology has no debt in relation to its total assets. This implies a strong financial position and low financial risk.
- Debt-to-capital ratio: Similarly, the debt-to-capital ratio has remained at 0.00 throughout the period under review. This signifies that the company has not used debt significantly to finance its operations or investments in relation to its total capital.
- Debt-to-equity ratio: The debt-to-equity ratio has also remained at 0.00 consistently. This indicates that Vishay Intertechnology relies heavily on equity financing rather than debt financing to support its operations and investments.
- Financial leverage ratio: The financial leverage ratio has been relatively stable, ranging from 1.89 to 2.12 over the years. A decreasing trend in the financial leverage ratio suggests that the company is relying less on debt and becoming less leveraged, which can be viewed positively in terms of financial stability and risk management.
Overall, based on these solvency ratios, Vishay Intertechnology Inc appears to have a strong and stable financial position with minimal debt obligations, which could contribute to its financial resilience and ability to weather economic uncertainties.
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 | 0.29 | 5.12 | 9.88 | 13.90 | 19.49 | 23.62 | 30.55 | 34.96 | 35.54 | 35.11 | 30.98 | 28.83 | 25.92 | 19.20 | 14.09 | 8.99 | 6.34 | 5.52 | 5.24 | 6.38 |
The interest coverage ratio measures a company's ability to pay its interest expenses on its outstanding debt. A higher interest coverage ratio indicates that the company is more capable of meeting its interest obligations.
Analyzing Vishay Intertechnology Inc's interest coverage ratio over the reported periods shows a fluctuating trend. The interest coverage ratio started at 6.38 on March 31, 2020, indicating the company earned 6.38 times the amount needed to cover its interest expenses. The ratio decreased to 5.24 on June 30, 2020, demonstrating a slight decline in Vishay's ability to cover its interest costs.
Subsequently, the interest coverage ratio improved, reaching 35.54 on December 31, 2022, and peaking at 35.98 on December 31, 2022. This significant increase suggests a notable enhancement in Vishay's capacity to cover its interest charges.
However, the interest coverage ratio began to decline after December 31, 2022, and by December 31, 2024, it dropped to 0.29, which may indicate potential concerns regarding the company's ability to meet its interest obligations with its current earnings.
Overall, while Vishay Intertechnology Inc's interest coverage ratio has shown fluctuations over the reporting periods, it is crucial for investors and stakeholders to monitor this ratio closely to assess the company's financial health and its ability to manage its debt and interest obligations effectively.