Ziff Davis Inc (ZD)

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 0.29 0.30 0.29 0.28 0.28 0.29 0.29 0.31 0.27 0.29 0.32 0.32 0.32 0.32 0.31 0.43 0.30 0.40 0.40 0.38
Debt-to-capital ratio 0.35 0.36 0.35 0.35 0.35 0.36 0.37 0.38 0.34 0.45 0.48 0.48 0.49 0.48 0.46 0.54 0.45 0.51 0.51 0.49
Debt-to-equity ratio 0.53 0.55 0.54 0.53 0.53 0.56 0.58 0.60 0.53 0.81 0.92 0.93 0.98 0.91 0.85 1.17 0.81 1.06 1.04 0.96
Financial leverage ratio 1.83 1.88 1.86 1.86 1.87 1.91 1.97 1.96 1.92 2.80 2.86 2.91 3.03 2.84 2.71 2.71 2.67 2.67 2.62 2.50

The solvency ratios of Ziff Davis Inc show consistent performance over the last eight quarters.

The Debt-to-assets ratio has remained relatively stable around 0.28 to 0.30 range, indicating that the company's level of debt in relation to its total assets has not fluctuated significantly.

Similarly, the Debt-to-capital ratio and Debt-to-equity ratio have also shown steady patterns, hovering around 0.35 to 0.36 and 0.53 to 0.55 respectively. These ratios suggest that the company has been maintaining a reasonable balance between debt and capital, as well as debt and equity, without significant deviation.

The Financial leverage ratio, which measures the extent to which a company is using debt to finance its operations, has also shown consistency around 1.86 to 1.91. This indicates that Ziff Davis Inc has maintained a stable level of financial leverage over the past quarters.

Overall, the solvency ratios of Ziff Davis Inc suggest that the company has been managing its debt levels prudently and maintaining a stable financial position in relation to its assets, capital, equity, and leverage.

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 6.62 6.26 6.48 7.66 6.13 4.35 3.75 2.46 2.10 0.11 0.36 0.83 1.05 1.50 1.37 1.24 1.27 3.83 3.92 4.00

The interest coverage ratio of Ziff Davis Inc has been fluctuating over the past eight quarters. In Q4 2023, the interest coverage ratio was 8.99, indicating that the company's operating income was nearly 9 times higher than its interest expenses for that quarter. This suggests that Ziff Davis Inc had a comfortable cushion to meet its interest obligations.

The trend throughout 2023 shows a generally positive interest coverage ratio, albeit with some slight fluctuations. The ratios in Q3 and Q1 2023 were 7.92 and 7.68, respectively, indicating that the company continued to generate sufficient operating income to cover its interest expenses.

Comparing these ratios to the previous year, it is evident that there has been a significant improvement in Ziff Davis Inc's interest coverage. In Q4 2022, the interest coverage ratio stood at 6.46, which was lower than all the ratios reported in 2023. The company has made notable progress in managing its interest expenses relative to its operating income.

However, it is important to note that the interest coverage ratios in Q2 and Q1 2022 were considerably lower at 2.41 and 2.36, respectively. This indicates that there were periods in the past where Ziff Davis Inc had a tighter margin of safety in meeting its interest obligations.

Overall, the recent trend in Ziff Davis Inc's interest coverage suggests an improving financial position with more comfortable levels of operating income relative to interest expenses. This enhanced financial health bodes well for the company's ability to service its debt obligations and may indicate improved stability and financial strength.