CEVA Inc (CEVA)
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 | -13,467 | -5,409 | 3,508 | -763 | -1,924 |
| Interest expense | US$ in thousands | — | 397 | 420 | 444 | 554 |
| Interest coverage | — | -13.62 | 8.35 | -1.72 | -3.47 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $-13,467K ÷ $—K
= —
The interest coverage ratio for CEVA Inc has displayed fluctuations over the past five years. In 2023, the interest coverage ratio was not available in the provided data.
In 2022, the interest coverage ratio was -13.62, indicating that the company's operating income was not sufficient to cover its interest expenses. However, this ratio improved significantly in 2021 to 8.35, showing a strong ability to cover interest payments with operating income.
The ratio deteriorated in 2020 to -1.72, suggesting that the company faced challenges in meeting its interest obligations from its operating earnings. Similarly, in 2019, the interest coverage ratio was -3.47, indicating a continued struggle to cover interest expenses.
Overall, the analysis of CEVA Inc's interest coverage ratio indicates fluctuations in the company's ability to cover its interest expenses with operating income over the five-year period. Further examination of the company's financial performance and management of debt obligations would provide additional insights into its financial health and stability.
Peer comparison
Dec 31, 2023