Exelixis Inc (EXEL)
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 | 170,885 | 201,484 | 286,666 | 110,060 | 398,109 |
| Interest expense | US$ in thousands | — | 53,743 | — | — | 0 |
| Interest coverage | — | 3.75 | — | — | — |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $170,885K ÷ $—K
= —
The interest coverage ratio for Exelixis Inc was not calculable for the years ending December 31, 2023 and 2021, while the ratio was 3.75 for the year ending December 31, 2022. An interest coverage ratio of 3.75 implies that the company earned 3.75 times the amount of interest payments due on its outstanding debt, indicating a moderate ability to cover interest expenses from operating income. However, the absence of data for other years limits the ability to assess the trend in interest coverage over time. It is essential for Exelixis Inc to monitor and maintain a healthy interest coverage ratio to ensure its financial stability and meet debt obligations effectively.
Peer comparison
Dec 31, 2023