Cirrus Logic Inc (CRUS)
Interest coverage
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Sep 23, 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 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 413,756 | 393,336 | 406,605 | 374,424 | 433,381 | 403,993 | 178,437 | 211,028 | 221,496 | 252,784 | 419,312 | 422,880 | 404,006 | 369,611 | 289,630 | 276,311 | 245,563 | 244,709 | 248,436 | 192,295 |
| Interest expense (ttm) | US$ in thousands | 680 | 8,040 | 8,057 | 8,056 | 8,081 | 939 | 922 | 897 | 897 | 897 | 897 | 897 | 907 | 948 | 989 | 1,030 | 1,057 | 1,057 | 1,057 | 1,057 |
| Interest coverage | 608.46 | 48.92 | 50.47 | 46.48 | 53.63 | 430.24 | 193.53 | 235.26 | 246.93 | 281.81 | 467.46 | 471.44 | 445.43 | 389.89 | 292.85 | 268.26 | 232.32 | 231.51 | 235.04 | 181.93 |
March 31, 2025 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $413,756K ÷ $680K
= 608.46
The interest coverage ratio for Cirrus Logic Inc has shown considerable fluctuations over the periods under consideration. Starting at a solid level of 181.93 in September 2020, the ratio steadily increased to reach its peak at 608.46 in March 2025. However, there were moments of volatility along the way, with a sharp decline in March 2024 to just 53.63. This was followed by a progressive recovery before showing signs of improvement.
Overall, the interest coverage ratio indicates the company's ability to meet its interest obligations with its operating income. The fluctuating nature of the ratio suggests varying levels of financial risk and stability in the company's financial health over the reporting periods.
Peer comparison
Mar 31, 2025