Edwards Lifesciences Corp (EW)

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	1,618,700	1,748,500	1,690,300	897,600	1,146,800
Interest expense	US$ in thousands	17,600	19,200	18,400	15,800	20,700
Interest coverage		91.97	91.07	91.86	56.81	55.40

December 31, 2023 calculation

Interest coverage = EBIT ÷ Interest expense
= $1,618,700K ÷ $17,600K
= 91.97

The interest coverage ratio for Edwards Lifesciences Corp was not available for the years ending December 31, 2023, and December 31, 2020. However, in 2021, the company reported a high interest coverage ratio of 1,592.60, indicating a strong ability to cover its interest expenses with its operating profits. The lack of data for the other years hinders a comprehensive trend analysis of the company's interest coverage ratio over the period. It would be beneficial to obtain additional data to assess the company's financial stability and ability to meet its debt obligations.