Bill Com Holdings Inc (BILL)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -79,254 | -125,218 | -174,167 | -193,341 | -219,937 | -264,726 | -295,773 | -337,730 | -366,695 | -330,307 | -316,818 | -303,297 | -234,954 | -172,463 | -111,179 | -50,811 | -44,266 | -38,239 |
| Interest expense (ttm) | US$ in thousands | 19,091 | 19,232 | 19,182 | 18,827 | 37,712 | 36,521 | 34,632 | 32,667 | 11,507 | 10,439 | 9,418 | 19,096 | 28,522 | 29,956 | 28,158 | 15,877 | 4,012 | 105 |
| Interest coverage | -4.15 | -6.51 | -9.08 | -10.27 | -5.83 | -7.25 | -8.54 | -10.34 | -31.87 | -31.64 | -33.64 | -15.88 | -8.24 | -5.76 | -3.95 | -3.20 | -11.03 | -364.18 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $-79,254K ÷ $19,091K
= -4.15
The interest coverage ratio of Bill Com Holdings Inc has been consistently negative from September 2020 to December 2024. This indicates that the company's operating profits have not been sufficient to cover its interest expenses during this period. The trend shows some fluctuations, with the ratio improving slightly in some quarters but remaining negative overall. A negative interest coverage ratio raises concerns about the company's ability to meet its interest obligations using its operating income. Bill Com Holdings Inc may be at a higher risk of financial distress or default if this trend continues without improvement. Further analysis and monitoring of the company's financial performance and debt management are recommended to address the persistent negative interest coverage ratio.
Peer comparison
Dec 31, 2024