Xpel Inc (XPEL)
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 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.08 | 0.00 | 0.06 | 0.13 | 0.13 | 0.14 | 0.17 | 0.18 | 0.16 | 0.00 | 0.00 | 0.03 | 0.04 | 0.06 | 0.07 | 0.11 | 0.01 | 0.01 | 0.01 |
| Debt-to-capital ratio | 0.10 | 0.00 | 0.08 | 0.17 | 0.17 | 0.18 | 0.24 | 0.26 | 0.23 | 0.00 | 0.00 | 0.05 | 0.06 | 0.08 | 0.11 | 0.16 | 0.01 | 0.01 | 0.02 |
| Debt-to-equity ratio | 0.11 | 0.00 | 0.08 | 0.20 | 0.21 | 0.23 | 0.31 | 0.36 | 0.30 | 0.00 | 0.00 | 0.05 | 0.07 | 0.09 | 0.12 | 0.20 | 0.01 | 0.01 | 0.02 |
| Financial leverage ratio | 1.40 | 1.36 | 1.41 | 1.52 | 1.55 | 1.64 | 1.83 | 2.04 | 1.91 | 1.59 | 1.50 | 1.59 | 1.57 | 1.64 | 1.73 | 1.76 | 1.47 | 1.57 | 1.67 |
The solvency ratios of XPEL Inc provide insight into the company's ability to meet its long-term financial obligations and the level of financial risk it carries.
- The Debt-to-assets ratio has been relatively low and stable, ranging from 0.00 to 0.13 over the past eight quarters. This indicates that the company has maintained a conservative level of debt in relation to its total assets.
- The Debt-to-capital ratio has also been consistently low, fluctuating between 0.00 and 0.27. This suggests that XPEL Inc relies less on debt financing and has a strong capital structure.
- The Debt-to-equity ratio has shown a similar trend, remaining relatively low and stable between 0.00 and 0.36. This indicates that the company has maintained a healthy balance between debt and equity in its capital structure.
- The Financial leverage ratio has been gradually increasing over the quarters, indicating that the company is relying more on debt to finance its operations. However, the ratio remains below 2.0, which suggests that XPEL Inc has not overleveraged its capital.
Overall, XPEL Inc appears to have a sound solvency position, with low debt levels relative to its assets, capital, and equity. Additionally, the company's financial leverage ratio, while increasing, remains at a manageable level. This indicates a lower risk of financial distress and a strong ability to meet its long-term obligations.
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 53.91 | 44.59 | 36.52 | 34.02 | 37.85 | 46.24 | 58.58 | 87.79 | 131.16 | 177.63 | 153.92 | 108.44 | 92.21 | 109.49 | 122.81 | 168.12 |
The interest coverage ratio for XPEL Inc has shown a general downward trend over the past eight quarters, indicating a decline in the company's ability to cover its interest expenses from its operating profits. In Q4 2023, the interest coverage ratio stood at 53.66, which is a decrease from the ratio of 44.69 in the previous quarter Q3 2023. This trend continued from the high of 88.52 in Q1 2022.
Overall, the interest coverage ratio has fluctuated significantly during the period under review, suggesting that XPEL Inc may be experiencing variability in its operating performance and/or changes in its interest expenses. It is important for the company to closely monitor and manage its interest coverage ratio to ensure it maintains a healthy financial position and avoids potential liquidity issues in the future.