NCR Voyix Corporation (VYX)

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 0.51 0.56 0.47 0.47 0.48 0.48 0.47 0.47 0.47 0.48 0.47 0.38 0.39 0.43 0.45 0.43 0.36 0.40 0.35 0.36
Debt-to-capital ratio 0.99 0.84 0.77 0.78 0.79 0.80 0.80 0.81 0.81 0.82 0.83 0.75 0.76 0.78 0.80 0.80 0.75 0.82 0.84 0.87
Debt-to-equity ratio 102.52 5.41 3.42 3.63 3.75 3.88 4.01 4.17 4.38 4.68 4.91 3.06 3.12 3.57 3.99 3.99 2.97 4.71 5.38 6.49
Financial leverage ratio 199.60 9.63 7.25 7.68 7.78 8.15 8.58 8.85 9.27 9.80 10.45 7.94 8.03 8.22 8.88 9.33 8.14 11.64 15.17 18.26

The solvency ratios of NCR Voyix Corporation reflect the company's ability to meet its long-term financial obligations.

The debt-to-assets ratio has been fluctuating around the 0.47 to 0.51 range over the past several quarters, indicating that approximately 47% to 51% of the company's assets are funded by debt. This ratio suggests a moderate level of financial leverage.

The debt-to-capital ratio has shown variability, ranging from 0.77 to 0.99, implying that debt comprises around 77% to 99% of the company's total capital structure. This ratio indicates a high dependence on debt financing for its operations.

The debt-to-equity ratio has experienced significant fluctuations, from a high of 102.52 in the most recent period to as low as 2.97 in previous periods. This ratio highlights the proportion of debt to equity in the company's capital structure, with lower numbers indicating a lesser reliance on debt for financing.

The financial leverage ratio, which measures the extent of financial risk in a company's capital structure, has fluctuated notably, ranging from 7.25 to 199.60. The higher ratios indicate a higher level of financial risk due to higher leverage.

Overall, NCR Voyix Corporation's solvency ratios demonstrate a mix of moderate to high levels of leverage and a varying reliance on debt for funding its operations over the analyzed periods. Investors and stakeholders should closely monitor these ratios to assess the company's ability to manage its debt obligations and financial risk effectively.

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 0.56 1.78 1.79 1.83 1.73 2.14 1.89 1.84 2.19 0.52 0.46 0.49 0.39 1.57 1.89 2.30 2.45 2.48 2.36 0.81

Interest coverage ratio is a financial metric that measures a company's ability to cover its interest expenses with its earnings before interest and taxes (EBIT). A higher interest coverage ratio indicates that the company is more capable of meeting its interest obligations.

Based on the data provided for NCR Voyix Corporation, the interest coverage ratio has fluctuated over the past five years. The ratios for the most recent quarters have been relatively low, with the ratio hovering around 1.5 or less. This suggests that the company may be facing challenges in meeting its interest payments from its operating income.

However, there are also quarters where the interest coverage ratio exceeds 2, indicating that the company had more than enough earnings to cover its interest expenses during those periods. This could be a sign of improved financial performance and a better ability to handle debt obligations.

Overall, it is important for NCR Voyix Corporation to closely monitor its interest coverage ratio and work towards improving it consistently to ensure financial health and reduce the risk of defaulting on its debt obligations.