Gentex Corporation (GNTX)
Interest coverage
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 459,727 | 495,731 | 370,006 | 409,782 | 399,556 |
| Interest expense | US$ in thousands | — | — | 96,285 | 105,682 | 600 |
| Interest coverage | — | — | 3.84 | 3.88 | 665.93 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $459,727K ÷ $—K
= —
Interest coverage is a financial ratio that measures a company's ability to pay its interest expenses with its earnings before interest and taxes (EBIT).
Looking at Gentex Corporation's interest coverage ratio over the past few years, we observe a significant decline from 665.93 in December 31, 2020, to 3.88 in December 31, 2021, and 3.84 in December 31, 2022. This sharp decrease indicates a weakening ability to cover its interest obligations with operating income.
Notably, the data shows that there is no specific information available for December 31, 2023, and December 31, 2024. It is essential for stakeholders, including investors and creditors, to closely monitor Gentex Corporation's interest coverage ratio in the future to assess its financial health and debt servicing capability.
Peer comparison
Dec 31, 2024