NCR Voyix Corporation (VYX)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 3.68 | 16.58 | 6.56 | 7.61 | 6.37 |
NCR Voyix Corporation displays consistently low solvency ratios across the years, indicating a strong financial position in terms of debt obligations. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio all remain at 0.00 throughout the five-year period, signifying that the company has no debt relative to its assets, capital, or equity. This implies that the company relies more on equity financing rather than debt to fund its operations and expansion.
However, the Financial leverage ratio fluctuates over the years, ranging from 3.68 in 2024 to 16.58 in 2023. Despite the variability, the numbers remain relatively low, indicating that the company is not heavily reliant on debt to finance its operations. This low financial leverage suggests that NCR Voyix Corporation has a conservative debt structure and a strong capacity to meet its financial obligations using internal resources.
Overall, NCR Voyix Corporation demonstrates a stable and secure solvency position, with minimal reliance on debt financing, which can be seen as a positive indicator of the company's financial health and risk profile.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | -0.49 | -0.10 | 0.61 | -0.26 | 0.75 |
The interest coverage ratio measures a company's ability to meet its interest obligations with its operating income. A ratio below 1 indicates that the company is unable to meet its interest expenses with its earnings.
For NCR Voyix Corporation, the interest coverage ratios for the years are as follows:
- December 31, 2020: 0.75
- December 31, 2021: -0.26
- December 31, 2022: 0.61
- December 31, 2023: -0.10
- December 31, 2024: -0.49
The negative ratios indicate that the company's operating income is insufficient to cover its interest expenses during these years. This suggests a potential risk of default on debt obligations if the trend continues. Management should closely monitor the company's financial performance and consider strategies to improve its profitability and operational efficiency to ensure a healthier interest coverage ratio in the future.