Catalent Inc (CTLT)
Interest coverage
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -749,000 | -981,000 | -1,199,000 | -949,000 | -163,000 | 183,000 | 629,000 | 652,000 | 730,000 | 761,000 | 919,000 | 885,000 | 829,000 | 747,800 | 479,600 | 441,600 | 394,000 | 333,800 | 298,800 | 288,000 |
| Interest expense (ttm) | US$ in thousands | 23,000 | 53,000 | 51,000 | 49,000 | 49,000 | 35,000 | 34,000 | 34,000 | 38,000 | 34,400 | 56,700 | 56,300 | 52,000 | 20,800 | 200 | 1,900 | 4,800 | 12,700 | 11,000 | 8,600 |
| Interest coverage | -32.57 | -18.51 | -23.51 | -19.37 | -3.33 | 5.23 | 18.50 | 19.18 | 19.21 | 22.12 | 16.21 | 15.72 | 15.94 | 35.95 | 2,398.00 | 232.42 | 82.08 | 26.28 | 27.16 | 33.49 |
June 30, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $-749,000K ÷ $23,000K
= -32.57
The interest coverage ratio for Catalent Inc has displayed significant fluctuations over the periods listed. The ratio indicates the company's ability to meet its interest obligations with its operating income.
The trend indicates that the interest coverage ratio was negative in several recent quarters, suggesting that the company's operating income was not sufficient to cover its interest expenses. This may raise concerns about the company's financial stability and ability to service its debt obligations.
However, prior to the recent negative ratios, the interest coverage ratio was generally positive, indicating that the company had the ability to comfortably cover its interest payments with its operating income. The highest value of 2,398.00 in the first quarter of 2021 is an outlier and may be due to specific factors or accounting treatment that distorted the ratio.
Overall, the significant variations in the interest coverage ratio over time suggest that Catalent Inc's financial performance and ability to service its debt have been inconsistent. Further analysis of the company's financial statements and operational performance would be needed to understand the reasons behind these fluctuations and assess the company's financial health accurately.
Peer comparison
Jun 30, 2024