Azenta Inc (AZTA)
Interest coverage
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -200,678 | -205,014 | -206,096 | -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 |
| Interest expense (ttm) | US$ in thousands | 0 | 14 | 26 | 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 |
| Interest coverage | — | -14,643.86 | -7,926.77 | -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 |
September 30, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $-200,678K ÷ $0K
= —
Interest coverage is a financial ratio that indicates a company's ability to meet its interest obligations on outstanding debt. It is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense. A higher interest coverage ratio indicates that the company is more capable of meeting its interest payments.
Looking at the interest coverage ratio trend for Azenta Inc over the past several quarters, we can see fluctuations in the company's ability to cover its interest expenses. In the most recent quarter, ending September 30, 2024, the interest coverage ratio was not available (-14,643.86). This suggests that the company may have had negative or very low earnings relative to its interest expenses during that period.
Prior to the most recent quarter, we observe a pattern of improving interest coverage ratios from negative values to positive territory, with ratios gradually increasing. However, there were a couple of instances of lower ratios such as in March 31, 2023, and December 31, 2023. These lower ratios indicate potential difficulties in meeting interest obligations during those periods.
It is important for investors and creditors to closely monitor Azenta Inc's interest coverage ratio going forward to assess the company's financial health and ability to service its debt. Consistent low or negative interest coverage ratios could be a cause for concern and may indicate financial distress or a need for liquidity management.
Peer comparison
Sep 30, 2024