Dropbox Inc (DBX)

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	538,700	181,300	274,400	-277,000	-80,500
Interest expense	US$ in thousands	14,700	11,700	12,600	9,100	9,200
Interest coverage		36.65	15.50	21.78	-30.44	-8.75

December 31, 2023 calculation

Interest coverage = EBIT ÷ Interest expense
= $538,700K ÷ $14,700K
= 36.65

Dropbox Inc's interest coverage ratio for the years 2021 and 2019 is 58.79, indicating that the company's earnings before interest and taxes (EBIT) are sufficient to cover its interest expenses almost 59 times. However, there is no data available for the years 2020, 2022, and 2023, so it is difficult to assess the trend or current status of the company's ability to cover its interest obligations. It is important for investors and stakeholders to monitor interest coverage ratios over time to ensure the company remains financially healthy and capable of meeting its debt obligations.