Azenta Inc (AZTA)
Interest coverage
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -72,118 | -61,273 | -63,022 | -47,362 | 2,083,845 | 2,138,752 | 2,163,986 | 2,203,005 | 106,665 | 92,625 | 95,933 | 76,716 | 68,071 | 53,867 | 433,700 | 436,629 | 433,793 | 436,837 | 62,449 | 70,426 |
| Interest expense (ttm) | US$ in thousands | 35 | 78 | 542 | 2,631 | 4,177 | 4,589 | 4,663 | 3,039 | 1,936 | 2,038 | 2,165 | 2,498 | 2,764 | 2,944 | 3,167 | 10,398 | 17,698 | 22,251 | 24,027 | 18,451 |
| Interest coverage | -2,060.51 | -785.55 | -116.28 | -18.00 | 498.89 | 466.06 | 464.08 | 724.91 | 55.10 | 45.45 | 44.31 | 30.71 | 24.63 | 18.30 | 136.94 | 41.99 | 24.51 | 19.63 | 2.60 | 3.82 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $-72,118K ÷ $35K
= -2,060.51
I'm unable to provide a detailed analysis of Azenta Inc's interest coverage based on the data provided, as the interest coverage ratios for each quarter are not available. Interest coverage ratio is a financial metric used to evaluate a company's ability to pay its interest expenses on outstanding debt. It is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expenses.
Without the specific interest coverage ratio values for Azenta Inc, it is challenging to assess the firm's ability to meet its interest obligations comfortably or its level of financial risk. To perform a comprehensive analysis of Azenta Inc's interest coverage, detailed financial data including EBIT and interest expenses for each quarter would be needed. This would provide insights into the company's ability to generate sufficient earnings to cover its interest payments and indicate its financial health and risk level.
Peer comparison
Dec 31, 2023