NCR Voyix Corporation (VYX)
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 | 3.68 | 3.63 | 25.04 | 20.69 | 16.58 | 8.03 | 6.16 | 6.49 | 6.56 | 6.85 | 7.15 | 7.34 | 7.61 | 7.95 | 8.45 | 6.36 | 6.37 | 6.13 | 6.54 | 6.73 |
The solvency ratios of NCR Voyix Corporation, specifically the Debt-to-assets ratio, Debt-to-capital ratio, Debt-to-equity ratio, and Financial leverage ratio, indicate a strong financial position with minimal debt relative to its assets, capital, and equity over the analyzed periods from March 31, 2020, to December 31, 2024.
The Debt-to-assets ratio remained constant at 0.00 throughout the period, indicating that the company's total debt was consistently negligible compared to its total assets. This suggests that NCR Voyix Corporation relied more on its internal funds and equity rather than external debt to finance its operations and growth.
Similarly, the Debt-to-capital ratio and Debt-to-equity ratio also stood at 0.00 consistently across all time points, reflecting that the company's reliance on debt financing in relation to its capital and equity was minimal. This emphasizes the company's low financial leverage and overall strong solvency position during the period.
However, it is essential to note the trend in the Financial leverage ratio, which increased significantly from March 31, 2023, to June 30, 2024. This surge indicates a substantial increase in the company's financial leverage, possibly due to the issuance of debt or a decline in equity. Although the ratio decreased in the subsequent periods, the sharp rise may warrant further investigation to understand the reasons behind this shift and its potential implications on the company's financial stability in the future.
Overall, the consistent low values of the debt-related ratios reflect NCR Voyix Corporation's conservative financial structure with a strong ability to meet its financial obligations without excessive reliance on debt financing, contributing to its solvency and financial stability.
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 | 0.09 | -3.02 | -0.94 | -0.41 | -0.24 | 0.63 | 0.31 | 0.60 | 0.88 | 2.79 | 2.76 | 2.78 | 3.14 | 1.69 | 1.59 | 1.37 | 1.08 | 1.94 | 2.20 | 2.68 |
The interest coverage ratio for NCR Voyix Corporation shows a declining trend over the past few years. From March 31, 2020, to September 30, 2021, the company's interest coverage ratio ranged from 1.37 to 2.79, indicating the company was able to cover its interest expenses comfortably.
However, starting from December 31, 2021, the interest coverage ratio dropped significantly to 0.88 and further decreased to negative values in subsequent quarters, reaching a low of -3.02 on September 30, 2024. This suggests that the company's operating income may not be sufficient to cover its interest expenses during these periods, raising concerns about its financial health and ability to service its debt obligations.
The sharp decline in the interest coverage ratio highlights potential liquidity issues and the need for NCR Voyix Corporation to closely monitor and address its financial leverage and interest payments to avoid defaulting on its debt.