CEVA Inc (CEVA)
Interest coverage
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | — | -13,467 | 7,452 | 7,040 | -763 |
| Interest expense | US$ in thousands | — | — | 397 | 420 | 444 |
| Interest coverage | — | — | 18.77 | 16.76 | -1.72 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $—K ÷ $—K
= —
The interest coverage ratio for CEVA Inc has shown varying trends over the years based on the provided data. In December 31, 2020, the company had an interest coverage ratio of -1.72, indicating that its operating income was not sufficient to cover its interest expenses during that period.
However, there has been a significant improvement in the interest coverage ratio in the subsequent years. By December 31, 2021, the ratio improved to 16.76, suggesting that the company's operating income was more than sufficient to cover its interest expenses, reflecting a healthier financial position.
Furthermore, CEVA Inc continued to strengthen its interest coverage ratio in the following years, reaching 18.77 by December 31, 2022. This consistent improvement indicates that the company has been effectively managing its debt obligations and generating enough operating income to comfortably cover its interest expenses.
Unfortunately, there is missing data for the interest coverage ratio for December 31, 2023 and December 31, 2024. This makes it difficult to assess the company's financial performance during those periods.
Overall, the improving trend in CEVA Inc's interest coverage ratio from negative to positive values reflects a positive trajectory in its ability to meet its interest obligations, which is crucial for investors and creditors assessing the company's financial health.
Peer comparison
Dec 31, 2024