Cognex Corporation (CGNX)
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 | 115,065 | 130,702 | 246,229 | 315,101 | 170,529 |
| Interest expense | US$ in thousands | — | — | 16,319 | 27,881 | 37,917 |
| Interest coverage | — | — | 15.09 | 11.30 | 4.50 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $115,065K ÷ $—K
= —
Cognex Corporation's interest coverage has shown a positive trend over the years. The interest coverage ratio has improved from 4.50 in December 31, 2020, to 11.30 in December 31, 2021, and further increased to 15.09 in December 31, 2022. This signifies that the company's ability to cover its interest expenses with operating income has strengthened significantly. Notably, the data for December 31, 2023, and December 31, 2024 is not available (denoted by '\u2014'), which could indicate incomplete information or a shift in reporting practices. Overall, the increasing trend in interest coverage ratios reflects Cognex Corporation's improved financial health and ability to meet its interest obligations comfortably.
Peer comparison
Dec 31, 2024