Doximity Inc (DOCS)

Interest coverage

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	181,626	223,478	202,104	188,386	168,673	163,537	140,316	127,549	119,918	111,107	109,917	104,463	108,991	103,971	87,267	74,197	52,841	41,018	31,000
Interest expense (ttm)	US$ in thousands	0	0	0	0	0	3,875	6,336	7,244	8,048	4,189	1,748	1,260	501	523	5,104	4,704	4,812	4,774	173
Interest coverage		—	—	—	—	—	42.20	22.15	17.61	14.90	26.52	62.88	82.91	217.55	198.80	17.10	15.77	10.98	8.59	179.19

March 31, 2025 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $181,626K ÷ $0K
= —

The interest coverage ratio of Doximity Inc has fluctuated over the period from September 30, 2020, to March 31, 2025. The interest coverage ratio measures the company's ability to meet its interest obligations with its operating income.

From September 30, 2020, to December 31, 2021, the interest coverage ratio increased significantly, indicating a strong ability to cover interest expenses comfortably. This improvement suggests that the company had a healthy level of operating income relative to its interest expenses during this period.

However, from March 31, 2022, to December 31, 2023, the interest coverage ratio declined, although it remained at levels indicating the company's ability to cover its interest payments. This decrease may reflect changes in the company's operating income or interest expenses during these periods.

As of March 31, 2024, the data provided does not include a specific interest coverage ratio value, which limits a precise analysis of the company's ability to cover its interest expenses at that point in time.

Overall, the interest coverage ratio of Doximity Inc has shown variability but generally suggests that the company has been able to sufficiently cover its interest obligations with its operating income, indicating a reasonable level of financial health in managing its debt.