Globus Medical (GMED)

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	133,142	227,951	171,953	111,433	171,989
Interest expense	US$ in thousands	67	14,233	9,297	13,952	17,406
Interest coverage		1,987.19	16.02	18.50	7.99	9.88

December 31, 2023 calculation

Interest coverage = EBIT ÷ Interest expense
= $133,142K ÷ $67K
= 1,987.19

As the table does not contain data on interest coverage for Globus Medical Inc for the years ending December 31, 2019 to 2023, no specific analysis or trend evaluation can be provided. Interest coverage is a crucial financial ratio that indicates a company's ability to meet its interest obligations with its operating income. It is calculated by dividing Earnings Before Interest and Taxes (EBIT) by the company's interest expenses.

For a comprehensive financial analysis and to assess the company's ability to cover its interest expenses, it is important to have access to the EBIT and interest expenses for each year. By calculating the interest coverage ratio for each year, trends and fluctuations in the company's ability to meet its interest obligations can be identified. This ratio is essential for lenders, investors, and analysts as it provides insights into the company's financial health and risk assessment. It is recommended to obtain the missing data to perform a thorough analysis of Globus Medical Inc's interest coverage.