Globus Medical (GMED)

Interest coverage

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	133,142	177,047	236,345	237,909	227,951	192,123	185,750	163,850	171,953	212,288	208,972	137,533	111,433	102,877	94,925	163,357	171,988	177,800	174,040	173,310
Interest expense (ttm)	US$ in thousands	14,858	20,112	24,005	18,187	14,233	10,857	9,063	9,128	9,297	25,634	26,614	27,663	29,275	15,451	16,743	17,570	17,405	17,117	16,592	15,146
Interest coverage		8.96	8.80	9.85	13.08	16.02	17.70	20.50	17.95	18.50	8.28	7.85	4.97	3.81	6.66	5.67	9.30	9.88	10.39	10.49	11.44

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $133,142K ÷ $14,858K
= 8.96

I'm sorry, but without any numerical data provided for the interest coverage ratio of Globus Medical Inc across the specified periods, it is not possible to analyze or interpret the trend, level, or fluctuations of this ratio. To conduct a comprehensive analysis of interest coverage, we would need specific values representing the company's earnings before interest and taxes (EBIT) relative to its interest expenses for each respective period. This information would be essential in evaluating the company's ability to cover its interest payments and its financial health.