Elanco Animal Health (ELAN)
Interest coverage
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 827,000 | -918,000 | 184,000 | -307,000 | -516,000 |
| Interest expense | US$ in thousands | 339,000 | 277,000 | 256,000 | 264,000 | 156,000 |
| Interest coverage | 2.44 | -3.31 | 0.72 | -1.16 | -3.31 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $827,000K ÷ $339,000K
= 2.44