Cognex Corporation (CGNX)

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	130,702	246,229	315,101	170,529	142,602
Interest expense	US$ in thousands	—	16,319	27,881	37,917	65,684
Interest coverage		—	15.09	11.30	4.50	2.17

December 31, 2023 calculation

Interest coverage = EBIT ÷ Interest expense
= $130,702K ÷ $—K
= —

The table provided does not contain any data on Cognex Corp.'s interest coverage ratio for the years ending December 31, from 2019 to 2023. The interest coverage ratio is a financial metric used to assess a company's ability to pay interest expenses on its outstanding debt.

To calculate the interest coverage ratio, the formula is:

Interest Coverage Ratio = Earnings Before Interest and Taxes (EBIT) / Interest Expense

A higher interest coverage ratio indicates that the company is more capable of meeting its interest payment obligations from its earnings. Conversely, a lower ratio may signal potential financial distress and an inability to cover interest costs.

Without the specific data provided in the table, it is not possible to assess Cognex Corp.'s interest coverage performance over the years in question. To conduct a thorough analysis and provide insights, the interest coverage figures for the respective years would need to be included in the dataset.