Maplebear Inc. (CART)

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	Sep 30, 2019
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	508,000	401,000	-2,194,000	-2,139,000	-2,150,000	-2,096,000	394,000	295,000	62,000	-83,000	-159,000	-138,000	-52,000	-5,463	41,420	14,252	11,735
Interest expense (ttm)	US$ in thousands	0	0	0	0	0	0	0	0	0	0	0	0	0	1,614	3,162	4,584	5,817
Interest coverage		—	—	—	—	—	—	—	—	—	—	—	—	—	-3.38	13.10	3.11	2.02

December 31, 2024 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $508,000K ÷ $0K
= —

Maplebear Inc.'s interest coverage ratio has shown fluctuations over time based on the provided data. As of September 30, 2019, the interest coverage ratio was 2.02, indicating that the company generated earnings that were twice the amount needed to cover its interest expenses.

By March 31, 2021, the interest coverage ratio improved to 3.11, suggesting a stronger ability to meet interest obligations. Additionally, by June 30, 2021, the interest coverage significantly increased to 13.10, signaling a considerable improvement in Maplebear Inc.'s capacity to cover interest expenses.

However, the interest coverage ratio took a negative turn by September 30, 2021, where it stood at -3.38. A negative interest coverage ratio implies that the company's earnings were insufficient to cover its interest expenses. The absence of data for the subsequent periods makes it challenging to assess the company's ongoing ability to service its debt obligations from interest earnings.

Overall, it is important for Maplebear Inc. to maintain a consistently positive interest coverage ratio to demonstrate its financial health and ability to meet debt obligations. Periodic monitoring and management of this ratio will be crucial for ensuring the company's long-term financial stability.