Artivion Inc (AORT)

Interest coverage

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	16,449	28,155	18,220	14,238	3,552	-1,475	-6,384	-9,368	-6,709	-18,698	-11,502	-8,220	-8,488	10,119	14,262	8,554	4,268	1,462	2,532	10,119
Interest expense (ttm)	US$ in thousands	34,277	30,779	28,977	27,029	25,299	24,425	22,627	20,372	18,224	16,746	16,041	16,795	16,887	17,713	18,553	17,350	16,698	15,606	14,221	14,380
Interest coverage		0.48	0.91	0.63	0.53	0.14	-0.06	-0.28	-0.46	-0.37	-1.12	-0.72	-0.49	-0.50	0.57	0.77	0.49	0.26	0.09	0.18	0.70

December 31, 2024 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $16,449K ÷ $34,277K
= 0.48

The interest coverage ratio of Artivion Inc has shown fluctuating trends over the period from March 31, 2020, to December 31, 2024. Initially, the company's ability to cover its interest expenses was weak, with the ratio ranging from 0.09 to 0.77.

In the latter part of the period, the interest coverage ratio turned negative, indicating that Artivion Inc was not generating sufficient earnings to cover its interest obligations. This negative trend continued until September 30, 2023.

However, from December 31, 2023, onwards, the interest coverage ratio started to improve, reaching positive values. By the end of the period on December 31, 2024, the ratio had stabilized around 0.48, indicating a moderate level of ability to cover interest expenses.

Overall, Artivion Inc experienced financial challenges in the middle of the period but later managed to strengthen its interest coverage position. It is important for the company to sustain this positive trend to ensure long-term financial stability.