Advanced Energy Industries Inc (AEIS)
Interest coverage
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 136,562 | 233,095 | 151,681 | 176,023 | 54,388 |
| Interest expense | US$ in thousands | 16,566 | 7,325 | 3,969 | 5,080 | 2,994 |
| Interest coverage | 8.24 | 31.82 | 38.22 | 34.65 | 18.17 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $136,562K ÷ $16,566K
= 8.24
It seems that the information for Advanced Energy Industries Inc.'s interest coverage ratio is missing for all the years listed in the table. The interest coverage ratio is a key financial metric that indicates a company's ability to meet its interest payment obligations on outstanding debt.
Without the specific data for the interest coverage ratio, it is challenging to provide a detailed analysis of Advanced Energy Industries Inc.'s ability to cover its interest payments. In general, a higher interest coverage ratio indicates that a company is in a better position to cover its interest expenses from its operating income. Conversely, a lower interest coverage ratio may raise concerns about the company's debt repayment capabilities.
Given the absence of data, it is recommended to obtain the interest coverage ratio figures for the years indicated in order to conduct a thorough analysis of Advanced Energy Industries Inc.'s financial health and debt servicing capacity.
Peer comparison
Dec 31, 2023