Vistra Energy Corp (VST)
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 | 6.78 | 6.96 | 7.00 | 6.75 | 6.21 | 5.80 | 5.69 | 5.98 | 6.69 | 6.30 | 6.95 | 4.50 | 3.58 | 4.96 | 4.45 | 4.24 | 3.01 | 3.02 | 3.27 | 3.36 |
Based on the provided data, Vistra Energy Corp consistently maintains a low level of debt relative to its total assets, with a Debt-to-Assets Ratio of 0.00 across all reporting periods up to December 31, 2024. This indicates that the company relies very little on debt to finance its operations and investments, which can be seen as a positive sign of financial stability and solvency.
Similarly, the Debt-to-Capital Ratio and Debt-to-Equity Ratio for Vistra Energy Corp also stand at 0.00 for all reported periods, underscoring the company's minimal reliance on debt financing compared to its capital and equity.
The Financial Leverage Ratio, which measures the extent to which a company uses debt to finance its operations, shows some fluctuations over the years. Vistra Energy Corp's Financial Leverage Ratio ranged from 3.01 to 7.00 during the period from March 31, 2020, to December 31, 2024. While the ratio has increased slightly in recent periods, it is still within a reasonable range, indicating that the company has a moderate level of financial leverage.
Overall, the solvency ratios suggest that Vistra Energy Corp maintains a conservative financial structure with a low reliance on debt, which can enhance the company's financial stability 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 | 5.04 | 4.57 | 2.70 | 2.90 | 4.12 | 4.19 | 4.50 | 0.89 | -1.26 | 0.54 | -1.23 | 2.21 | -2.48 | -4.96 | -3.62 | -2.85 | 3.18 | 3.67 | 2.37 | 2.62 |
The interest coverage ratio measures a company's ability to meet its interest obligations on outstanding debt. A higher ratio indicates a stronger ability to cover interest expenses.
From March 31, 2020, to June 30, 2020, Vistra Energy Corp's interest coverage decreased from 2.62 to 2.37, reflecting a slight weakening in its ability to cover interest costs. However, from September 30, 2020, to December 31, 2020, the ratio improved to 3.67 before declining in the following quarters.
Notably, there were negative ratios reported in some quarters, such as March 31, 2021, to September 30, 2021, indicating that Vistra Energy Corp's earnings were insufficient to cover its interest expenses during those periods.
The interest coverage ratio started to recover by March 31, 2023, reaching a healthier level of 4.50 and continuing to improve in subsequent quarters, surpassing 4, which demonstrates a significant enhancement in the company's ability to cover its interest payments.
Overall, fluctuations in Vistra Energy Corp's interest coverage ratio over the years highlight periods of both strength and weakness in the company's ability to handle its interest obligations. Monitoring this ratio is essential for assessing the company's financial health and its ability to service its debt effectively.