Dynavax Technologies Corporation (DVAX)

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	2,390	301,031	88,697	-56,178	-135,623
Interest expense	US$ in thousands	6,757	6,732	11,176	19,062	16,977
Interest coverage		0.35	44.72	7.94	-2.95	-7.99

December 31, 2023 calculation

Interest coverage = EBIT ÷ Interest expense
= $2,390K ÷ $6,757K
= 0.35

Interest coverage is a measure used to evaluate a company's ability to meet its interest obligations on outstanding debt. A higher interest coverage ratio indicates that a company is more capable of servicing its debt.

Looking at the historical trend for Dynavax Technologies Corp., there are fluctuations in the interest coverage ratio over the years. In 2019 and 2020, the company had negative interest coverage ratios of -8.93 and -4.23 respectively, indicating that the company's operating income was insufficient to cover its interest expenses during those years.

However, in 2021, Dynavax Technologies Corp. showed a significant improvement in its interest coverage ratio to 12.10, which suggests that the company's operating income was more than sufficient to cover its interest expenses in that year.

Unfortunately, there is missing data for 2022 and 2023, so it is not possible to provide a current assessment of the company's interest coverage based on this limited information. It is essential for investors and analysts to monitor this ratio over time to assess the company's financial health and its ability to manage its debt obligations effectively.