Arista Networks (ANET)

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	2,257,250	1,527,110	924,739	699,684	805,774
Interest expense	US$ in thousands	—	54,690	6,140	0	0
Interest coverage		—	27.92	150.61	—	—

December 31, 2023 calculation

Interest coverage = EBIT ÷ Interest expense
= $2,257,250K ÷ $—K
= —

Since the table doesn't provide specific data on Arista Networks Inc's interest coverage ratio for the years 2019 to 2023, it is difficult to conduct a detailed analysis. The interest coverage ratio is a measure of a company's ability to meet its interest obligations on outstanding debt. A higher ratio indicates a stronger ability to cover interest expenses with operating income.

To perform a thorough analysis, it would be essential to calculate the interest coverage ratio for each year using the formula:

Interest Coverage Ratio = Earnings Before Interest and Taxes (EBIT) / Interest Expenses

By comparing the calculated ratios for each year, we could assess the trend in Arista Networks Inc's ability to meet its interest obligations. A declining ratio may raise concerns about the company's financial stability and ability to service its debt, while an increasing ratio would indicate a stronger financial position.

Without the specific data, it is challenging to provide a precise analysis of Arista Networks Inc's interest coverage over the years 2019 to 2023.