Align Technology Inc (ALGN)
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 | 643,338 | 642,595 | 976,400 | 387,171 | 542,493 |
| Interest expense | US$ in thousands | 2,134 | 5,367 | 36,023 | -8,222 | 147,640 |
| Interest coverage | 301.47 | 119.73 | 27.10 | — | 3.67 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $643,338K ÷ $2,134K
= 301.47
I'm sorry, but without the specific values for interest expense and earnings before interest and taxes (EBIT) for Align Technology, Inc. across the years listed, I am unable to calculate the interest coverage ratio. Interest coverage ratio provides insight into the company's ability to meet its interest obligations on outstanding debt. It is calculated by dividing EBIT by interest expense. A higher interest coverage ratio indicates a stronger ability to cover interest payments.
If you can provide the necessary data, I'd be happy to assist you in calculating and analyzing Align Technology, Inc.'s interest coverage across the given years.
Peer comparison
Dec 31, 2023