Fulgent Genetics Inc (FLGT)
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 | -195,529 | 185,851 | 682,276 | 286,862 | -428 |
| Interest expense | US$ in thousands | 80 | 346 | 117 | 20 | 2,167 |
| Interest coverage | -2,444.11 | 537.14 | 5,831.42 | 14,343.10 | -0.20 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $-195,529K ÷ $80K
= -2,444.11
Unfortunately, the information provided does not include the interest coverage ratio for Fulgent Genetics Inc for the specified years. The interest coverage ratio is a measure of a company's ability to pay interest on its outstanding debt, with a higher ratio indicating a better ability to meet interest payment obligations. Without the specific data for Fulgent Genetics Inc, a thorough analysis of its interest coverage performance over the years is not feasible. It is recommended to retrieve the interest coverage ratio figures to conduct a comprehensive evaluation of the company's financial health in terms of its ability to service its debt obligations.
Peer comparison
Dec 31, 2023