Aspen Technology Inc (AZPN)
Interest coverage
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | ||
|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | -89,540 | -183,065 | 22,272 |
| Interest expense | US$ in thousands | — | — | 3,494 |
| Interest coverage | — | — | 6.37 |
June 30, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $-89,540K ÷ $—K
= —
The interest coverage ratio for Aspen Technology Inc was not available for the fiscal years ending June 30, 2024 and June 30, 2023 based on the data provided. However, for the fiscal year ending June 30, 2022, the interest coverage ratio was 6.37. This indicates that the company's operating profits were sufficient to cover its interest expenses 6.37 times over during that period. A higher interest coverage ratio suggests that the company is more capable of meeting its interest obligations from its earnings, indicating a lower risk of default. The absence of data for the subsequent years hinders a comparative analysis, making it challenging to assess the company's current financial health in terms of interest coverage.
Peer comparison
Jun 30, 2024