Sprinklr Inc (CXM)
Interest coverage
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | ||
|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 33,945 | -51,224 | -99,470 |
| Interest expense | US$ in thousands | — | — | 3,266 |
| Interest coverage | — | — | -30.46 |
January 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $33,945K ÷ $—K
= —
The interest coverage ratio for Sprinklr Inc for the fiscal years ending January 31, 2024, January 31, 2023, and January 31, 2022, was not available for the current year. However, for January 31, 2022, the interest coverage ratio was calculated at -30.46.
An interest coverage ratio of -30.46 indicates that the company's earnings before interest and taxes (EBIT) were significantly insufficient to cover its interest expenses in that fiscal year. A negative interest coverage ratio implies that the company did not generate enough operating income to cover its interest obligations, which can be a cause for concern as it signals potential financial distress.
It is essential for Sprinklr Inc to improve its earnings performance or lower its interest expenses to ensure it can meet its interest obligations comfortably in the future and avoid potential financial difficulties. Monitoring and managing the interest coverage ratio is crucial for assessing the company's ability to manage its debt and maintain good financial health.
Peer comparison
Jan 31, 2024