Artivion Inc (AORT)
Interest coverage
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 26,763 | 3,797 | -2,710 | 1,064 | -7,621 |
| Interest expense | US$ in thousands | 34,277 | 25,299 | 18,224 | 16,887 | 16,698 |
| Interest coverage | 0.78 | 0.15 | -0.15 | 0.06 | -0.46 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $26,763K ÷ $34,277K
= 0.78
The interest coverage ratio for Artivion Inc has shown fluctuations over the past five years. In particular, it was negative for three consecutive years starting from December 31, 2020, indicating that the company was unable to generate enough operating income to cover its interest expenses during those periods.
However, the ratio turned positive in December 31, 2023, and continued to improve in December 31, 2024, reaching 0.78. This suggests that the company's operating income has become more sufficient to cover its interest obligations in these later years.
Overall, close monitoring of Artivion Inc's interest coverage ratio is recommended to ensure sustained financial health and stability, as fluctuations in this ratio can indicate the company's ability to meet its debt obligations.
Peer comparison
Dec 31, 2024