Axcelis Technologies Inc (ACLS)
Interest coverage
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 265,796 | 242,834 | 224,356 | 214,793 | 212,359 | 202,854 | 186,046 | 155,898 | 127,325 | 94,816 | 72,304 | 64,688 | 58,041 | 57,178 | 45,183 | 30,812 | 24,205 | 22,515 | 31,296 | 48,553 |
| Interest expense (ttm) | US$ in thousands | 5,347 | 5,502 | 5,510 | 5,411 | 5,576 | 5,364 | 5,300 | 5,324 | 4,835 | 4,885 | 4,912 | 4,937 | 5,211 | 5,204 | 5,216 | 5,228 | 5,155 | 5,172 | 5,187 | 5,003 |
| Interest coverage | 49.71 | 44.14 | 40.72 | 39.70 | 38.08 | 37.82 | 35.10 | 29.28 | 26.33 | 19.41 | 14.72 | 13.10 | 11.14 | 10.99 | 8.66 | 5.89 | 4.70 | 4.35 | 6.03 | 9.70 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $265,796K ÷ $5,347K
= 49.71
The interest coverage ratio for Axcelis Technologies Inc increased significantly from 30.85 in Q1 2022 to 207.18 in Q4 2022, indicating a strong ability to cover interest expenses with operating earnings. This improvement suggests that the company's operating profits have increased substantially relative to its interest expenses over the year. However, the lack of data for 2023 limits the ability to provide a detailed trend analysis for the current year. Further monitoring of interest coverage in upcoming quarters will be necessary to assess the company's ongoing financial performance in terms of its ability to meet its interest obligations.
Peer comparison
Dec 31, 2023