CarGurus (CARG)

Interest coverage

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Earnings before interest and tax (EBIT) US$ in thousands 32,627 108,478 148,268 97,756 34,322
Interest expense US$ in thousands 515 136 37 1,354 4,383
Interest coverage 63.35 797.63 4,007.24 72.20 7.83

December 31, 2023 calculation

Interest coverage = EBIT ÷ Interest expense
= $32,627K ÷ $515K
= 63.35

Based on the provided data, the interest coverage ratio for CarGurus Inc is not available for the years ending December 31, 2019 to 2023. The lack of information regarding the interest coverage makes it challenging to evaluate the company's ability to meet its interest payment obligations using its operating income. It is recommended to access additional financial information or consult the company directly to obtain a more accurate analysis of CarGurus Inc's financial health in terms of managing interest expenses.