Xpel Inc (XPEL)
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 | 1.27 | 1.25 | 1.30 | 1.39 | 1.44 | 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 |
Xpel Inc's solvency ratios indicate a consistently strong financial position with low debt levels and an adequate capital structure. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all been at 0.00 for all periods reported, indicating that the company has no significant debt relative to its assets, capital, or equity.
Furthermore, the financial leverage ratio has been declining steadily over the periods, starting at 1.76 on March 31, 2020, and reaching 1.27 on December 31, 2024. This trend reflects Xpel Inc's decreasing reliance on debt financing and improving financial stability.
Overall, Xpel Inc's solvency ratios suggest a healthy balance sheet and a conservative approach to managing its capital structure, positioning the company well to weather potential financial challenges and pursue growth opportunities.
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 | 58.28 | 48.36 | 47.64 | 50.83 | 53.36 | 44.39 | 36.36 | 33.86 | 37.67 | 46.24 | 58.79 | 87.98 | 131.56 | 177.71 | 153.38 | 108.21 | 93.48 | 111.52 | 126.43 | 173.37 |
The interest coverage ratio of Xpel Inc has exhibited a fluctuating trend over the years from March 31, 2020, to December 31, 2024. The ratio was relatively strong in March 2020 at 173.37, signifying the company's ability to cover its interest expenses significantly.
Subsequently, the interest coverage ratio decreased to 58.79 by June 30, 2022, indicating a decline in the company's ability to cover its interest payments. This downward trend continued, with the ratio hitting its lowest point of 33.86 by March 31, 2023, suggesting potential financial strain and a higher risk of default on interest payments.
However, there was a slight improvement in the interest coverage ratio from March 31, 2023, onwards, reaching 58.28 by December 31, 2024. Although the ratio showed some recovery, it remained lower compared to previous periods, indicating the company may still have some challenges in covering its interest expenses comfortably.
Overall, the fluctuating trend in Xpel Inc's interest coverage ratio suggests varying degrees of financial stability and ability to meet its interest obligations over the years analyzed.